2017 Q1 Form 10-Q Financial Statement
#000156459017008267 Filed on May 03, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
Revenue | $196.9M | $186.4M | $190.5M |
YoY Change | 3.36% | -1.84% | 5.83% |
Cost Of Revenue | $37.90M | $40.00M | $33.60M |
YoY Change | 12.8% | 4.17% | 1.82% |
Gross Profit | $159.0M | $146.4M | $156.9M |
YoY Change | 1.34% | -3.37% | 6.73% |
Gross Profit Margin | 80.75% | 78.54% | 82.36% |
Selling, General & Admin | $122.1M | $91.30M | $90.50M |
YoY Change | 34.92% | -5.49% | -0.88% |
% of Gross Profit | 76.79% | 62.36% | 57.68% |
Research & Development | $17.60M | $19.50M | $17.20M |
YoY Change | 2.33% | 4.28% | 2.99% |
% of Gross Profit | 11.07% | 13.32% | 10.96% |
Depreciation & Amortization | $3.700M | $6.700M | $3.500M |
YoY Change | 5.71% | 1.52% | 6.06% |
% of Gross Profit | 2.33% | 4.58% | 2.23% |
Operating Expenses | $139.7M | $110.8M | $107.7M |
YoY Change | 29.71% | -3.9% | -0.28% |
Operating Profit | $5.500M | $35.60M | $42.60M |
YoY Change | -87.09% | -1.66% | 19.33% |
Interest Expense | $1.500M | $400.0K | $300.0K |
YoY Change | 400.0% | 300.0% | 200.0% |
% of Operating Profit | 27.27% | 1.12% | 0.7% |
Other Income/Expense, Net | $300.0K | $1.200M | $500.0K |
YoY Change | -40.0% | -250.0% | -350.0% |
Pretax Income | $5.800M | $37.20M | $43.10M |
YoY Change | -86.54% | 4.79% | 21.41% |
Income Tax | $3.000M | $1.500M | $10.50M |
% Of Pretax Income | 51.72% | 4.03% | 24.36% |
Net Earnings | $2.800M | $35.70M | $32.60M |
YoY Change | -91.41% | 90.91% | 52.34% |
Net Earnings / Revenue | 1.42% | 19.15% | 17.11% |
Basic Earnings Per Share | $0.04 | $0.46 | |
Diluted Earnings Per Share | $0.04 | $482.4K | $0.44 |
COMMON SHARES | |||
Basic Shares Outstanding | 68.10M | 70.30M shares | 70.90M shares |
Diluted Shares Outstanding | 68.30M | 73.50M shares |
Balance Sheet
Concept | 2017 Q1 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $172.1M | $159.0M | $216.7M |
YoY Change | -20.58% | 9.81% | 61.24% |
Cash & Equivalents | $123.8M | $68.50M | $120.5M |
Short-Term Investments | $48.30M | $90.50M | $96.20M |
Other Short-Term Assets | $9.600M | $22.20M | $36.40M |
YoY Change | -73.63% | -14.62% | 54.89% |
Inventory | $47.40M | $38.30M | $25.30M |
Prepaid Expenses | |||
Receivables | $114.8M | $91.70M | $91.10M |
Other Receivables | $4.400M | $3.300M | $2.900M |
Total Short-Term Assets | $348.3M | $314.5M | $372.4M |
YoY Change | -6.47% | 10.9% | 31.86% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $53.00M | $58.30M | $60.00M |
YoY Change | -11.67% | -13.24% | -13.17% |
Goodwill | $315.0M | $195.3M | $177.9M |
YoY Change | 77.07% | 10.21% | -3.96% |
Intangibles | $498.1M | $227.5M | $183.2M |
YoY Change | 171.89% | 18.12% | -6.38% |
Long-Term Investments | $53.40M | $79.90M | $69.70M |
YoY Change | -23.39% | 96.8% | 69.17% |
Other Assets | $5.000M | $5.000M | |
YoY Change | 0.0% | 0.0% | |
Total Long-Term Assets | $919.5M | $566.0M | $495.8M |
YoY Change | 85.46% | 17.28% | -0.17% |
TOTAL ASSETS | |||
Total Short-Term Assets | $348.3M | $314.5M | $372.4M |
Total Long-Term Assets | $919.5M | $566.0M | $495.8M |
Total Assets | $1.268B | $880.5M | $868.2M |
YoY Change | 46.03% | 14.92% | 11.44% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $26.80M | $21.10M | $13.80M |
YoY Change | 94.2% | 0.0% | -23.14% |
Accrued Expenses | $49.30M | $49.50M | $50.80M |
YoY Change | -2.95% | 7.38% | 6.1% |
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 | $221.7M | $72.30M | $66.10M |
YoY Change | 235.4% | 5.24% | -1.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $167.1M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $21.50M | $7.800M | $2.000M |
YoY Change | 975.0% | 100.0% | -68.85% |
Total Long-Term Liabilities | $21.50M | $7.800M | $2.000M |
YoY Change | 975.0% | 100.0% | -68.85% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $221.7M | $72.30M | $66.10M |
Total Long-Term Liabilities | $21.50M | $7.800M | $2.000M |
Total Liabilities | $519.9M | $132.4M | $98.00M |
YoY Change | 430.51% | 27.19% | -11.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$81.40M | -$73.20M | -$69.20M |
YoY Change | 17.63% | -4.94% | 11.11% |
Common Stock | $840.2M | $830.8M | $847.7M |
YoY Change | -0.88% | 11.35% | 121000.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $748.2M | $739.6M | $770.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.268B | $880.5M | $868.2M |
YoY Change | 46.03% | 14.92% | 11.44% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.800M | $35.70M | $32.60M |
YoY Change | -91.41% | 90.91% | 52.34% |
Depreciation, Depletion And Amortization | $3.700M | $6.700M | $3.500M |
YoY Change | 5.71% | 1.52% | 6.06% |
Cash From Operating Activities | $41.10M | $38.50M | $45.90M |
YoY Change | -10.46% | -24.51% | 53.51% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.500M | -$2.200M | -$700.0K |
YoY Change | 114.29% | 10.0% | -84.44% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $11.00M | -$41.60M | -$15.40M |
YoY Change | -171.43% | 5100.0% | -152.56% |
Cash From Investing Activities | $9.500M | -$43.80M | -$16.10M |
YoY Change | -159.01% | 1464.29% | -164.66% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -36.70M | -46.30M | -44.00M |
YoY Change | -16.59% | 15.17% | -21.43% |
NET CHANGE | |||
Cash From Operating Activities | 41.10M | 38.50M | 45.90M |
Cash From Investing Activities | 9.500M | -43.80M | -16.10M |
Cash From Financing Activities | -36.70M | -46.30M | -44.00M |
Net Change In Cash | 13.90M | -51.60M | -14.20M |
YoY Change | -197.89% | -745.0% | 1083.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | $41.10M | $38.50M | $45.90M |
Capital Expenditures | -$1.500M | -$2.200M | -$700.0K |
Free Cash Flow | $42.60M | $40.70M | $46.60M |
YoY Change | -8.58% | -23.21% | 35.47% |
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Proceeds From Repayments Of Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromRepaymentsOfIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
85900000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
204000000 | ||
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
199000000 | ||
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
200000000 | ||
us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
600000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
31600000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
107900000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
135100000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-22000000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
1200000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-1800000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
55300000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
37000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
56400000 | ||
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
120500000 | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(1)</font></p></td> <td valign="top"> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">BASIS OF PRESENTATION</p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying condensed consolidated financial statements have been prepared by Myriad Genetics, Inc. (the “Company” or “Myriad”) in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, the accompanying financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly all financial statements in accordance with GAAP. The condensed consolidated financial statements herein should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended June 30, 2016, included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016. Operating results for the three and nine months ended March 31, 2017 may not necessarily be indicative of results to be expected for any other interim period or for the full year.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated financial statements include the accounts of the Company’s majority-owned subsidiary, Assurex Canada, Ltd. which is 85% owned by Assurex Health, Inc. (“Assurex), a wholly owned subsidiary of the Company, and 15% owned by the Centre for Addiction and Mental Health. Assurex Canada, Ltd. is a consolidated subsidiary of Assurex Health, Inc. The value of the non-controlling interest represents the portion of Assurex Canada, Ltd.’s profit or loss and net assets that is not held by Assurex Health, Inc. The Company attributes comprehensive income or loss of the subsidiary between the Company and the non-controlling interest based on the respective ownership interest.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">New Accounting Pronouncements</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company’s management is currently evaluating the impact of adopting ASU 2016-02 on the Company’s consolidated financial statements.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board issued ASU No. 2014-09, "Revenue from Contracts with Customers." Under the new standard, revenue is recognized at the time a good or service is transferred to a customer for the amount of consideration received for that specific good or service. In July 2015, the FASB voted to defer the effective date by one year to December 15, 2017 for interim and annual reporting periods beginning after that date. Early adoption is permitted for interim and annual periods beginning after the original effective date of December 15, 2016. Companies may use either a full retrospective or a modified retrospective approach to adopt the standard. We are currently evaluating the impact the adoption of this standard will have on our consolidated financial statements.</p></div> | ||
CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64100000 | |
us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
97100000 | ||
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
66600000 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.95 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.91 | ||
CY2017Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
196900000 | |
CY2016Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
207400000 | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
582300000 | ||
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
610000000 | ||
CY2017Q1 | us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
12900000 | |
CY2016Q1 | us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
31500000 | |
us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
25300000 | ||
CY2017Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
4200000 | |
CY2016Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
23600000 | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-9100000 | ||
CY2017Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.06 | |
CY2016Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.33 | |
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.13 | ||
CY2017Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.06 | |
CY2016Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.32 | |
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-0.13 | ||
CY2017Q1 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
225600000 | |
CY2016Q2 | us-gaap |
Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
500000 | |
CY2016Q2 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
238900000 | |
CY2016Q2 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
238400000 | |
CY2016Q2 | mygn |
Investments And Cash At Fair Value
InvestmentsAndCashAtFairValue
|
238900000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
48300000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
52000000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
1500000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
48300000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
51900000 | |
CY2017Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
1500000 | |
CY2017Q1 | us-gaap |
Land
Land
|
2200000 | |
CY2017Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
16300000 | |
CY2017Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
22000000 | |
CY2017Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
105800000 | |
CY2017Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
146300000 | |
CY2017Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
93300000 | |
CY2017Q1 | us-gaap |
Depreciation
Depreciation
|
3700000 | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
119700000 | ||
CY2017Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
49300000 | |
CY2016Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
37300000 | |
CY2017Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
3000000 | |
CY2016Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
2800000 | |
CY2017Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11700000 | |
CY2016Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9400000 | |
CY2016Q4 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1300000 | |
CY2017Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
168100000 | |
CY2017Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1000000 | |
CY2017Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
5900000 | |
CY2016Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
5900000 | |
CY2017Q1 | mygn |
Other Liabilities Noncurrent Other
OtherLiabilitiesNoncurrentOther
|
1300000 | |
CY2016Q2 | mygn |
Other Liabilities Noncurrent Other
OtherLiabilitiesNoncurrentOther
|
1900000 | |
CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
21500000 | |
CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
18200000 | |
CY2017Q1 | mygn |
Number Of Defined Benefit Pension Plans
NumberOfDefinedBenefitPensionPlans
|
2 | |
CY2017Q1 | us-gaap |
Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
|
100000 | |
CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2017Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | |
CY2017Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
68100000 | |
CY2016Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.200 | |
CY2016Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
69100000 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.631 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.226 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
68900000 | |
CY2015Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
68900000 | |
us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
600000 | ||
us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
4400000 | ||
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
1600000 | ||
us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
2900000 | ||
CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
70400000 | |
CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
70400000 | |
CY2017Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
200000 | |
CY2016Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2600000 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
400000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3100000 | ||
CY2017Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9200000 | |
CY2016Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
100000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7000000 | ||
CY2017Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
160700000 | |
CY2016Q1 | mygn |
Amount Of Reduction In Common Stock As Result Of Stock Repurchases
AmountOfReductionInCommonStockAsResultOfStockRepurchases
|
11200000 | |
mygn |
Amount Of Reduction In Common Stock As Result Of Stock Repurchases
AmountOfReductionInCommonStockAsResultOfStockRepurchases
|
14500000 | ||
mygn |
Amount Of Reduction In Common Stock As Result Of Stock Repurchases
AmountOfReductionInCommonStockAsResultOfStockRepurchases
|
26000000 | ||
CY2016Q1 | mygn |
Amount Charged To Retained Earnings As Result Of Stock Repurchases
AmountChargedToRetainedEarningsAsResultOfStockRepurchases
|
33300000 | |
mygn |
Amount Charged To Retained Earnings As Result Of Stock Repurchases
AmountChargedToRetainedEarningsAsResultOfStockRepurchases
|
17100000 | ||
mygn |
Amount Charged To Retained Earnings As Result Of Stock Repurchases
AmountChargedToRetainedEarningsAsResultOfStockRepurchases
|
81900000 | ||
CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.475 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
Options and restricted stock units granted to our non-employee directors vest in full upon the earlier of (i) one full year of service on the Board following date of grant or (ii) the date of the next annual meeting of stockholders. | ||
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
8200000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
100000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
0 | ||
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
7500000 | |
CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.52 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
13.27 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
0 | ||
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
24.49 | |
CY2017Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
2200000 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7500000 | |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7600000 | |
CY2017Q1 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
-23500000 | |
CY2016Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
162400000 | |
CY2016Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
10400000 | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
|
130000000 | ||
mygn |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchase Accounting Adjustments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchaseAccountingAdjustments
|
500000 | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
1900000 | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
|
-300000 | ||
CY2017Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
142500000 | |
mygn |
Percent Of Employee Contribution To Deferred Savings Plan
PercentOfEmployeeContributionToDeferredSavingsPlan
|
0.50 | ||
mygn |
Employers Contribution Not To Exceed Percentage Of Employees Compensation
EmployersContributionNotToExceedPercentageOfEmployeesCompensation
|
0.04 | ||
CY2017Q1 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
1800000 | |
CY2016Q1 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
1400000 | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
4800000 | ||
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
4100000 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
12900000 | |
CY2016Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6600000 | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
8500000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
28500000 | ||
us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
-500000 | ||
us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
200000 |