2021 Q3 Form 10-Q Financial Statement

#000085973721000019 Filed on July 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q3
Revenue $1.317B $1.168B $1.347B
YoY Change -2.26% 41.97% 55.58%
Cost Of Revenue $488.5M $303.9M $415.1M
YoY Change 17.68% 35.01% 0.68%
Gross Profit $828.1M $701.6M $931.8M
YoY Change -11.13% 50.53% 273.47%
Gross Profit Margin 62.9% 60.05% 69.18%
Selling, General & Admin $294.5M $260.0M $221.3M
YoY Change 33.08% 24.52% -1.91%
% of Gross Profit 35.56% 37.06% 23.75%
Research & Development $76.50M $69.00M $57.00M
YoY Change 34.21% 25.23% -5.63%
% of Gross Profit 9.24% 9.83% 6.12%
Depreciation & Amortization $117.8M $101.1M $94.30M
YoY Change 24.92% 8.01% -16.84%
% of Gross Profit 14.23% 14.41% 10.12%
Operating Expenses $382.5M $343.0M $288.5M
YoY Change 32.58% 24.68% -3.16%
Operating Profit $445.6M $358.6M $643.3M
YoY Change -30.73% 87.75% -1429.13%
Interest Expense -$25.80M $21.60M -$24.70M
YoY Change 4.45% -21.17% -20.06%
% of Operating Profit -5.79% 6.02% -3.84%
Other Income/Expense, Net -$6.500M $100.0K $9.000M
YoY Change -172.22% -97.67% -269.81%
Pretax Income $410.6M $337.5M $617.1M
YoY Change -33.46% 100.42% -602.93%
Income Tax $81.80M $69.40M $123.5M
% Of Pretax Income 19.92% 20.56% 20.01%
Net Earnings $328.8M $268.1M $493.5M
YoY Change -33.37% 96.55% -499.6%
Net Earnings / Revenue 24.97% 22.95% 36.64%
Basic Earnings Per Share $1.05
Diluted Earnings Per Share $1.290M $1.04 $1.88
COMMON SHARES
Basic Shares Outstanding 253.5M shares 256.2M shares 259.0M shares
Diluted Shares Outstanding 258.6M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.170B $827.6M $701.0M
YoY Change 66.95% 11.24% 16.45%
Cash & Equivalents $1.170B $827.6M $701.0M
Short-Term Investments
Other Short-Term Assets $554.5M $144.5M $97.00M
YoY Change 471.65% 48.97% -1.02%
Inventory $501.2M $502.9M $395.1M
Prepaid Expenses $528.8M $81.50M $58.50M
Receivables $942.7M $943.2M $1.029B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.169B $2.418B $2.222B
YoY Change 42.59% 21.96% 23.94%
LONG-TERM ASSETS
Property, Plant & Equipment $564.7M $551.1M $491.5M
YoY Change 14.89% 20.8% 4.37%
Goodwill $3.282B $3.264B $2.658B
YoY Change 23.47% 25.89% 3.67%
Intangibles $1.659B $1.801B $1.308B
YoY Change 26.9% 43.78% -10.43%
Long-Term Investments
YoY Change
Other Assets $245.7M $556.3M $516.6M
YoY Change -52.44% 7.25% 234.15%
Total Long-Term Assets $5.751B $6.172B $4.974B
YoY Change 15.64% 28.05% 6.98%
TOTAL ASSETS
Total Short-Term Assets $3.169B $2.418B $2.222B
Total Long-Term Assets $5.751B $6.172B $4.974B
Total Assets $8.920B $8.591B $7.196B
YoY Change 23.96% 26.27% 11.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.9M $208.4M $178.8M
YoY Change 20.75% 63.71% -4.13%
Accrued Expenses $596.2M $579.4M $547.6M
YoY Change 8.88% 21.72% 27.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $313.0M $460.6M $324.9M
YoY Change -3.66% -18.55% 19.71%
Total Short-Term Liabilities $1.327B $1.465B $1.239B
YoY Change 7.06% 8.84% 15.81%
LONG-TERM LIABILITIES
Long-Term Debt $2.712B $2.655B $2.714B
YoY Change -0.06% -2.8% -2.5%
Other Long-Term Liabilities $368.7M $271.5M $303.2M
YoY Change 21.6% 21.8% 86.7%
Total Long-Term Liabilities $3.081B $2.926B $3.017B
YoY Change 2.11% -0.95% 2.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.327B $1.465B $1.239B
Total Long-Term Liabilities $3.081B $2.926B $3.017B
Total Liabilities $4.408B $4.391B $4.256B
YoY Change 3.55% 2.11% 5.98%
SHAREHOLDERS EQUITY
Retained Earnings $298.3M -$30.50M -$1.573B
YoY Change -118.96% -98.53% -41.49%
Common Stock $3.000M $3.000M $2.900M
YoY Change 3.45% 3.45% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.989B $1.989B $1.580B
YoY Change 25.94% 34.46% 70.58%
Treasury Stock Shares 43.65B shares 43.65B shares 37.61M shares
Shareholders Equity $4.219B $3.877B $2.705B
YoY Change
Total Liabilities & Shareholders Equity $8.920B $8.591B $7.196B
YoY Change 23.96% 26.27% 11.7%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q3
OPERATING ACTIVITIES
Net Income $328.8M $268.1M $493.5M
YoY Change -33.37% 96.55% -499.6%
Depreciation, Depletion And Amortization $117.8M $101.1M $94.30M
YoY Change 24.92% 8.01% -16.84%
Cash From Operating Activities $465.4M $662.8M $442.0M
YoY Change 5.29% 197.22% 78.44%
INVESTING ACTIVITIES
Capital Expenditures -$41.60M -$35.10M -$58.30M
YoY Change -28.64% 0.29% 85.67%
Acquisitions
YoY Change
Other Investing Activities -$1.500M -$723.3M -$79.60M
YoY Change -98.12% 55538.46% 61.13%
Cash From Investing Activities -$43.10M -$758.4M -$137.9M
YoY Change -68.75% 1989.26% 70.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.00M 109.6M -350.9M
YoY Change -76.63% -145.35% -3914.13%
NET CHANGE
Cash From Operating Activities 465.4M 662.8M 442.0M
Cash From Investing Activities -43.10M -758.4M -137.9M
Cash From Financing Activities -82.00M 109.6M -350.9M
Net Change In Cash 340.3M 14.00M -46.80M
YoY Change -827.14% -125.45% -126.58%
FREE CASH FLOW
Cash From Operating Activities $465.4M $662.8M $442.0M
Capital Expenditures -$41.60M -$35.10M -$58.30M
Free Cash Flow $507.0M $697.9M $500.3M
YoY Change 1.34% 170.5% 79.25%

Facts In Submission

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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
744200000 USD
CY2021Q2 us-gaap Revenues
Revenues
1168300000 USD
CY2020Q2 us-gaap Revenues
Revenues
822900000 USD
us-gaap Revenues
Revenues
4315700000 USD
us-gaap Revenues
Revenues
2429500000 USD
CY2021Q2 us-gaap Revenues
Revenues
1168300000 USD
CY2020Q2 us-gaap Revenues
Revenues
822900000 USD
us-gaap Revenues
Revenues
4315700000 USD
us-gaap Revenues
Revenues
2429500000 USD
CY2021Q2 us-gaap Revenues
Revenues
1168300000 USD
CY2020Q2 us-gaap Revenues
Revenues
822900000 USD
us-gaap Revenues
Revenues
4315700000 USD
us-gaap Revenues
Revenues
2429500000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
804400000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.11
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.36
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.25
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.16
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.12
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100900000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
95500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2021Q2 holx Lease Revenue Percentage Of Total Revenue
LeaseRevenuePercentageOfTotalRevenue
0.05
CY2021Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
100000 USD
CY2021Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
94400000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
71700000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
800000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
81800000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9100000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
900000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-10100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
400000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-9600000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
71700000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
800000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
71700000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
800000 USD
holx Fair Value Assumption Discount Rate
FairValueAssumptionDiscountRate
0.120
CY2019Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
30200000 USD
CY2019Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
46500000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
460600000 USD
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
324900000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2654700000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2713900000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
3115300000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
3038800000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19100000 USD
CY2020Q3 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.40
CY2021Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
13000000.0 USD
CY2020Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
15700000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
38900000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
47100000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31600000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11600000 USD
holx Accounts Receivable Allowance For Credit Loss Transfers
AccountsReceivableAllowanceForCreditLossTransfers
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3400000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
39800000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
17800000 USD
holx Accounts Receivable Allowance For Credit Loss Transfers
AccountsReceivableAllowanceForCreditLossTransfers
5800000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3900000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
27200000 USD
CY2018 holx Interest Rate Cap Agreements Aggregate Premium Payable
InterestRateCapAgreementsAggregatePremiumPayable
3700000 USD
CY2019 holx Interest Rate Cap Agreements Aggregate Premium Payable
InterestRateCapAgreementsAggregatePremiumPayable
1500000 USD
CY2021Q2 holx Principal Amount Of Borrowings
PrincipalAmountOfBorrowings
1000000000.0 USD
CY2021Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-6500000 USD
CY2020Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2000000.0 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-18400000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1800000 USD
CY2021Q2 holx Notational Amount
NotationalAmount
253800000 USD
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
21000000.0 USD
CY2020Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
31200000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
3000000.0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-4700000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
8000000.0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-25900000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
256230000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
259870000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
257769000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
263667000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2351000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1177000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2602000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1425000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258581000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
261047000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260371000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265092000 shares
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
15400000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
19900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
51000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
53700000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.350
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.336
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.350
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.336
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.17
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.07
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.79
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
159400000 USD
CY2020Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
152300000 USD
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
58500000 USD
CY2020Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
46500000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
285000000.0 USD
CY2020Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
196300000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
502900000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
395100000 USD
CY2021Q2 holx Manufacturing Equipment And Software
ManufacturingEquipmentAndSoftware
541500000 USD
CY2020Q3 holx Manufacturing Equipment And Software
ManufacturingEquipmentAndSoftware
460700000 USD
CY2021Q2 holx Equipment Under Customer Usage Agreements
EquipmentUnderCustomerUsageAgreements
446000000.0 USD
CY2020Q3 holx Equipment Under Customer Usage Agreements
EquipmentUnderCustomerUsageAgreements
456800000 USD
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
187900000 USD
CY2020Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
167300000 USD
CY2021Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
48000000.0 USD
CY2020Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
44300000 USD
CY2021Q2 us-gaap Land
Land
41400000 USD
CY2020Q3 us-gaap Land
Land
40700000 USD
CY2021Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
16900000 USD
CY2020Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
16100000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8500000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1290200000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1185900000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
739100000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
694400000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
551100000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
491500000 USD
CY2020Q3 holx Grants Received From Department Of Defense
GrantsReceivedFromDepartmentOfDefense
7600000 USD
CY2020Q4 holx Grants Received From Department Of Defense
GrantsReceivedFromDepartmentOfDefense
119300000 USD
CY2021Q2 holx Department Of Defense Funds Received
DepartmentOfDefenseFundsReceived
8300000 USD
holx Department Of Defense Funds Received
DepartmentOfDefenseFundsReceived
19400000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 Segment
CY2021Q2 us-gaap Revenues
Revenues
1168300000 USD
CY2020Q2 us-gaap Revenues
Revenues
822900000 USD
us-gaap Revenues
Revenues
4315700000 USD
us-gaap Revenues
Revenues
2429500000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
358600000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
191000000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2040800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
472200000 USD
CY2021Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
100900000 USD
CY2020Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
93600000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
289100000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
281700000 USD
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
35100000 USD
CY2020Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
35000000.0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
114600000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
98000000.0 USD
CY2021Q2 us-gaap Assets
Assets
8590600000 USD
CY2020Q3 us-gaap Assets
Assets
7195800000 USD
CY2021Q2 holx Percentage Of Revenues
PercentageOfRevenues
1.000
CY2020Q2 holx Percentage Of Revenues
PercentageOfRevenues
1.000
holx Percentage Of Revenues
PercentageOfRevenues
1.000
holx Percentage Of Revenues
PercentageOfRevenues
1.000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.190
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
60.3
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5660000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3859200000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4931100000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3623600000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
86300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
332300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
235900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
223600000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
210100000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9900000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6100000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
300000 USD
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
0 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6700000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9600000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13900000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8000000.0 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
500000 USD
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-6100000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7200000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9100000 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
New Accounting Pronouncements<div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Note 1 for Recently Adopted Accounting Pronouncements.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU No. 2019-12, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Board issued this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 and is applicable to the Company in fiscal 2022. The Company is currently evaluating the impact of the adoption of ASU 2019-12 on its consolidated financial position and results of operations.</span></div><div style="text-align:justify;text-indent:22.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued ASU No. 2020-01, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Board issued this Update to clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323, and the guidance in Topic 815. This update could change how an entity accounts for an equity security under the measurement alternative or a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. For entities that have adopted the amendments in Update 2020-01, the updated guidance is effective for annual periods beginning after December 15, 2020, and is applicable to the Company in fiscal 2022. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2020-01 on its consolidated financial position and results of operations.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued ASU No. 2020-04, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reference Rate Reform (Topic 848)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Board issued this Update as optional guidance for a limited period of time to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. This update will provide optional expedients and exceptions for applying GAAP to only contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. For entities that have adopted the amendments in Update 2020-04, the updated guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of the adoption of ASU 2020-04 on its consolidated financial position and results of operations.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2021, FASB issued ASU No. 2021-01, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reference Rate Reform (Topic 848) Scope. </span>The board issued this Update in response to stakeholder concerns about potential diversity in practice. The Boards decided to clarify the scope of Topic 848 so that derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions in Topic 848. This update provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to only contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. For entities that have adopted the amendments in Update 2021-01, the updated guidance is effective for all entities immediately as of January 2021. The Company is currently evaluating the impact of the adoption of ASU 2021-01 on its consolidated financial position and results of operations.

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