HOLOGIC INC

CIK:0000859737|SEC Filings

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Revenues:
Revenues	$ 1,047.8	$ 1,021.8
Costs of revenues:
Amortization of acquired intangible assets	41.0	46.0
Gross profit	586.4	580.5
Operating expenses:
Research and development	60.5	60.3
Selling and marketing	154.9	166.1
General and administrative	127.8	115.7
Amortization of acquired intangible assets	2.3	4.7
Restructuring charges	3.9	3.9
Operating expenses	349.4	350.7
Income from operations	237.0	229.8
Interest income	19.7	24.2
Interest expense	(27.6)	(30.5)
Other income	0.6	24.0
Income before income taxes	229.7	247.5
Provision for income taxes	50.6	46.5
Net income	$ 179.1	$ 201.0
Net income per common share:
Basic (in usd per share)	$ 0.80	$ 0.87
Diluted (in usd per share)	$ 0.79	$ 0.87
Weighted average number of shares outstanding:
Basic (in shares)	224,405	230,284
Diluted (in shares)	225,879	232,107
Product
Revenues:
Revenues	$ 831.4	$ 817.9
Costs of revenues:
Cost of revenues	321.9	301.1
Service
Revenues:
Revenues	216.4	203.9
Costs of revenues:
Cost of revenues	$ 98.5	$ 94.2

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Sep. 27, 2025	Mar. 29, 2025	Dec. 28, 2024
OPERATING ACTIVITIES
Net income	$ 179.1	$ 187.2	$ (17.4)	$ 201.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	26.3			23.3
Amortization of acquired intangible assets	43.3			50.7
Stock-based compensation expense	26.9			30.1
Deferred income taxes	(1.1)			(19.5)
Other adjustments and non-cash items	6.6			(19.1)
Changes in operating assets and liabilities:
Accounts receivable	18.0			(41.7)
Inventories	(8.6)			(36.1)
Prepaid income taxes	3.2			29.2
Prepaid expenses and other assets	(25.1)			13.2
Accounts payable	7.8			36.2
Accrued expenses and other liabilities	(17.3)			(54.6)
Deferred revenue	(29.2)			(23.4)
Net cash provided by operating activities	229.9			189.3
INVESTING ACTIVITIES
Capital expenditures	(14.7)			(16.8)
Increase in equipment under customer usage agreements	(20.4)			(14.8)
Strategic investments	24.0			6.0
Purchase of intellectual property	0.0			(15.4)
Maturities of available-for-sale securities	48.0			32.0
Other activity	(1.0)			(1.0)
Net cash used in investing activities	(12.1)			(22.0)
FINANCING ACTIVITIES
Repayment of long-term debt	0.0			(9.4)
Repurchases of common stock	0.0			(517.3)
Proceeds under employee stock plans	8.3			12.2
Payment of minimum tax withholdings on net share settlements of equity awards	(18.1)			(21.7)
Payments under finance lease obligations	(0.9)			(0.8)
Net cash used in financing activities	(10.7)			(537.0)
Effect of exchange rate changes on cash and cash equivalents	1.4			(8.4)
Net increase (decrease) in cash and cash equivalents	208.5			(378.1)
Cash and cash equivalents, beginning of period	1,959.5		$ 1,782.1	2,160.2
Cash and cash equivalents, end of period	$ 2,168.0	$ 1,959.5		$ 1,782.1

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 27, 2025	Sep. 27, 2025
Current assets:
Cash and cash equivalents	$ 2,168.0	$ 1,959.5
Short-term investments	196.7	243.2
Accounts receivable, less reserves	584.2	600.8
Inventory	688.5	679.4
Prepaid expenses and other current assets	176.0	152.0
Prepaid income taxes	30.0	33.2
Total current assets	3,843.4	3,668.1
Property, plant and equipment, net	568.3	559.6
Intangible assets, net	547.3	589.1
Goodwill	3,645.2	3,640.6
Other assets	576.5	557.5
Total assets	9,180.7	9,014.9
Current liabilities:
Current portion of long-term debt	5.8	2.9
Accounts payable	201.1	193.4
Accrued expenses	570.0	577.7
Deferred revenue	170.9	199.7
Finance lease obligations	3.5	3.5
Total current liabilities	951.3	977.2
Long-term debt, net of current portion	2,502.9	2,505.0
Finance lease obligations, net of current portion	8.1	9.0
Deferred income tax liabilities	41.9	43.4
Deferred revenue, net of current portion	12.4	12.4
Other long-term liabilities	419.0	420.0
Stockholders’ equity:
Preferred stock, $0.01 par value – 1,623 shares authorized; 0 shares issued	0.0	0.0
Common stock, $0.01 par value – 750,000 shares authorized; 302,940 and 302,438 shares issued, respectively	3.0	3.0
Additional paid-in-capital	6,357.5	6,345.4
Retained earnings	3,590.6	3,411.5
Treasury stock, at cost – 79,874 and 79,874 shares, respectively	(4,611.2)	(4,611.2)
Accumulated other comprehensive loss	(94.8)	(100.8)
Total stockholders’ equity	5,245.1	5,047.9
Total liabilities and stockholders’ equity	$ 9,180.7	$ 9,014.9