MYRIAD GENETICS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
MYGN$5.67-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the Years Ended
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net loss | $(127.3) | $(263.3) | $(112.0) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 61.2 | 61.9 | 52.7 |
| Non-cash lease expense | 9.5 | 11.3 | 11.7 |
| Stock-based compensation expense | 49.8 | 40.7 | 38.1 |
| Deferred income taxes | (2.8) | (4.0) | (30.8) |
| Unrecognized tax benefits | 2.5 | 3.4 | (1.1) |
| Impairment of goodwill and long-lived assets | 56.6 | — | 16.9 |
| (Gain) loss on termination of lease | (3.1) | 7.7 | — |
| Gain on acquisition | (2.2) | — | — |
| Other non-cash adjustments | 1.5 | 4.4 | 1.7 |
| Changes in assets and liabilities: | |||
| Prepaid expenses and other current assets | (3.7) | 0.2 | 1.6 |
| Trade accounts receivable | (8.7) | (12.5) | (10.3) |
| Inventory | (6.2) | (1.8) | (2.9) |
| Prepaid taxes | 0.5 | 0.7 | 0.7 |
| Other assets | — | 0.6 | (0.9) |
| Tenant improvement allowance received | — | 16.3 | 18.0 |
| Accounts payable | 4.7 | (3.7) | (3.5) |
| Accrued liabilities | (41.0) | 27.2 | (86.2) |
| Net cash used in operating activities | (8.7) | (110.9) | (106.3) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Capital expenditures | (19.0) | (63.2) | (45.3) |
| Capitalization of internal-use software costs | (10.7) | (10.1) | — |
| Proceeds from the sale of business, net cash sold | 8.8 | — | — |
| Acquisitions, net of cash acquired | — | — | (57.2) |
| Purchases of marketable investment securities | — | — | (103.2) |
| Proceeds from maturities and sales of marketable investment securities | 9.0 | 105.2 | 128.2 |
| Net cash provided by (used in) investing activities | (11.9) | 31.9 | (77.5) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from common stock issued under stock-based compensation plans | 5.9 | 6.0 | 6.3 |
| Payment of contingent consideration recognized at acquisition | — | — | (3.0) |
| Payment of tax withheld for common stock issued under stock-based compensation plans | (13.4) | (8.8) | (10.6) |
| Proceeds from underwritten public offering, net of costs and discounts | — | 117.6 | — |
| Proceeds from revolving credit facility | 120.0 | 80.0 | — |
| Repayment of revolving credit facility | (119.5) | (40.0) | — |
| Fees associated with issuance and refinancing of revolving credit facility | — | (1.7) | (0.7) |
| Payment on finance leases | (0.4) | (0.2) | — |
| Net cash provided by (used in) financing activities | (7.4) | 152.9 | (8.0) |
| Effect of foreign exchange rates on cash, cash equivalents, and restricted cash | (1.0) | 0.6 | (0.6) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (29.0) | 74.5 | (192.4) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 140.9 | 66.4 | 258.8 |
| Cash, cash equivalents, and restricted cash at end of the period | $111.9 | $140.9 | $66.4 |
See accompanying notes to the consolidated financial statements.
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