2013 Q2 Form 10-K Financial Statement

#000119312514308346 Filed on August 13, 2014

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2 2012
Revenue $174.1M $133.0M $496.0M
YoY Change 30.9% 23.84% 23.36%
Cost Of Revenue $22.10M $17.00M $51.45M
YoY Change 30.0% 36.0% 12.74%
Gross Profit $152.0M $116.0M $444.6M
YoY Change 31.03% 22.23% 24.72%
Gross Profit Margin 87.31% 87.22% 89.63%
Selling, General & Admin $71.50M $56.60M $208.4M
YoY Change 26.33% 28.93% 22.69%
% of Gross Profit 47.04% 48.79% 46.87%
Research & Development $14.60M $12.10M $42.65M
YoY Change 20.66% 31.52% 53.67%
% of Gross Profit 9.61% 10.43% 9.59%
Depreciation & Amortization $2.300M $2.400M $9.069M
YoY Change -4.17% 26.32% 25.63%
% of Gross Profit 1.51% 2.07% 2.04%
Operating Expenses $86.10M $68.70M $251.0M
YoY Change 25.33% 29.38% 27.04%
Operating Profit $65.90M $47.30M $180.3M
YoY Change 39.32% 13.16% 14.29%
Interest Expense $1.300M $1.400M $4.600M
YoY Change -7.14% 250.0% 109.09%
% of Operating Profit 1.97% 2.96% 2.55%
Other Income/Expense, Net $0.00 -$200.0K $4.222M
YoY Change -100.0% 100.0% 125.41%
Pretax Income $67.20M $48.50M $189.7M
YoY Change 38.56% 15.2% 18.82%
Income Tax $23.20M $19.30M $72.39M
% Of Pretax Income 34.52% 39.79% 38.16%
Net Earnings $44.10M $29.10M $112.2M
YoY Change 51.55% 11.92% 11.36%
Net Earnings / Revenue 25.33% 21.88% 22.61%
Basic Earnings Per Share $1.33
Diluted Earnings Per Share $533.3K $337.2K $1.30
COMMON SHARES
Basic Shares Outstanding 79.65M shares 84.61M shares
Diluted Shares Outstanding 86.47M shares

Balance Sheet

Concept 2013 Q2 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $372.3M $340.5M $340.5M
YoY Change 9.34% -1.73% -1.73%
Cash & Equivalents $104.1M $86.40M $52.10M
Short-Term Investments $268.2M $254.2M $254.2M
Other Short-Term Assets $9.700M $7.300M $7.300M
YoY Change 32.88% -42.52% -42.52%
Inventory $5.007M $11.57M $11.60M
Prepaid Expenses $956.0K $1.713M
Receivables $94.33M $60.44M $60.40M
Other Receivables $2.645M $2.700M $2.700M
Total Short-Term Assets $484.0M $422.5M $422.5M
YoY Change 14.56% 1.01% 1.0%
LONG-TERM ASSETS
Property, Plant & Equipment $27.60M $24.23M $24.20M
YoY Change 13.91% 4.99% 4.76%
Goodwill $56.90M $56.85M
YoY Change 0.09% 1.43%
Intangibles $13.33M $15.72M
YoY Change -15.21% -5.94%
Long-Term Investments $158.7M $113.7M $113.7M
YoY Change 39.58% 60.37% 60.37%
Other Assets $13.00M $38.60M $38.60M
YoY Change -66.32% 49.03% 49.03%
Total Long-Term Assets $319.8M $268.1M $268.1M
YoY Change 19.28% 39.25% 39.27%
TOTAL ASSETS
Total Short-Term Assets $484.0M $422.5M $422.5M
Total Long-Term Assets $319.8M $268.1M $268.1M
Total Assets $803.8M $690.6M $690.6M
YoY Change 16.39% 13.07% 13.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.13M $10.14M $10.10M
YoY Change 78.8% -11.0% -11.4%
Accrued Expenses $44.33M $32.77M $32.80M
YoY Change 35.28% 51.41% 51.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $64.51M $44.97M $45.00M
YoY Change 43.46% 30.77% 30.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.70M $10.00M $10.00M
YoY Change 7.0% 4.17% 4.17%
Total Long-Term Liabilities $10.70M $10.00M $10.00M
YoY Change 7.0% 4.17% 4.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.51M $44.97M $45.00M
Total Long-Term Liabilities $10.70M $10.00M $10.00M
Total Liabilities $75.23M $54.98M $55.00M
YoY Change 36.84% 24.84% 25.0%
SHAREHOLDERS EQUITY
Retained Earnings $30.87M -$12.68M
YoY Change -343.35% -67.17%
Common Stock $806.0K $826.0K
YoY Change -2.42% -4.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $728.6M $635.8M $635.7M
YoY Change
Total Liabilities & Shareholders Equity $803.8M $690.6M $690.6M
YoY Change 16.39% 13.07% 13.06%

Cashflow Statement

Concept 2013 Q2 2012 Q2 2012
OPERATING ACTIVITIES
Net Income $44.10M $29.10M $112.2M
YoY Change 51.55% 11.92% 11.36%
Depreciation, Depletion And Amortization $2.300M $2.400M $9.069M
YoY Change -4.17% 26.32% 25.63%
Cash From Operating Activities $63.00M $41.70M $141.8M
YoY Change 51.08% 14.88% 8.39%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$2.300M -$10.30M
YoY Change 21.74% 91.67% 74.58%
Acquisitions $799.0K
YoY Change -98.99%
Other Investing Activities -$81.80M -$5.900M -$28.60M
YoY Change 1286.44% -90.12% -41.03%
Cash From Investing Activities -$84.60M -$8.200M -$38.89M
YoY Change 931.71% -86.54% -28.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $128.5M
YoY Change -35.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.30M -52.00M -69.25M
YoY Change -125.58% -625.25% -40.61%
NET CHANGE
Cash From Operating Activities 63.00M 41.70M 141.8M
Cash From Investing Activities -84.60M -8.200M -38.89M
Cash From Financing Activities 13.30M -52.00M -69.25M
Net Change In Cash -8.300M -18.50M 33.67M
YoY Change -55.14% 25.85% -183.84%
FREE CASH FLOW
Cash From Operating Activities $63.00M $41.70M $141.8M
Capital Expenditures -$2.800M -$2.300M -$10.30M
Free Cash Flow $65.80M $44.00M $152.1M
YoY Change 49.55% 17.33% 11.24%

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17721000
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80333000
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64376000
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7994000
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8889000
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86354000
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385163000
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3450000
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1490000
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384560000
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7991000
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15242000
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57825000
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26612000
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51785000
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270000
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660000
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146268000
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42679000
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103589000
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2.25
CY2014 dei Document Type
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10-K
CY2014 dei Entity Registrant Name
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MYRIAD GENETICS INC
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
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MYGN
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2454000 shares
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-0.019 pure
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19.44
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10.04
CY2014 dei Entity Filer Category
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Large Accelerated Filer
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No
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0.366 pure
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P2Y3M18D
CY2014 us-gaap Income Tax Examination Description
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The Company's New York State income tax returns for the years ended June 30, 2011, 2012 and 2013 were under examination by the New York State Department of Taxation and Finance.
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190213000
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ShareBasedCompensation
26275000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
21575000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2192000
CY2012 mygn Amount Charged To Retained Earnings As Result Of Stock Repurchases
AmountChargedToRetainedEarningsAsResultOfStockRepurchases
86205000

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