Proceeds from long-term debt, net of issuance costs

[Table of Contents](#ic085909a172f44ef92ae922b1099b569_7)HOLOGIC, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (In millions)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Six Months Ended |
|   | March 26,2022 |  | March 27,2021 |
| OPERATING ACTIVITIES |  |  |  |
| Net income  | $ | 954.9  |  |  | $ | 1,272.8  |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |
| Depreciation | 44.9  |  |  | 41.5  |  |
| Amortization of acquired intangibles | 169.2  |  |  | 146.5  |  |
|  |  |  |  |
| Stock-based compensation expense | 36.5  |  |  | 35.6  |  |
| Deferred income taxes | (41.5) |  |  | (23.5) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Debt extinguishment loss | 0.7  |  |  | 21.6  |  |
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| Other adjustments and non-cash items | 18.7  |  |  | 18.9  |  |
| Changes in operating assets and liabilities, excluding the effect of acquisitions: |  |  |  |
| Accounts receivable | 101.6  |  |  | (171.4) |  |
| Inventories | (26.4) |  |  | (46.0) |  |
| Prepaid income taxes | (6.4) |  |  | (46.6) |  |
| Prepaid expenses and other assets | 355.3  |  |  | (36.7) |  |
| Accounts payable | 9.1  |  |  | 32.8  |  |
| Accrued expenses and other liabilities | 2.9  |  |  | (50.1) |  |
| Deferred revenue | 6.9  |  |  | 6.8  |  |
| Net cash provided by operating activities | 1,626.4  |  |  | 1,202.2  |  |
| INVESTING ACTIVITIES |  |  |  |
| Acquisition of businesses, net of cash acquired | (158.4) |  |  | (440.0) |  |
|  |  |  |  |
|  |  |  |  |
| Capital expenditures | (36.1) |  |  | (62.8) |  |
| Proceeds from the Department of Defense | 58.7  |  |  | 11.1  |  |
| Increase in equipment under customer usage agreements | (33.8) |  |  | (27.8) |  |
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| Purchase of intellectual property | —  |  |  | (6.5) |  |
|  |  |  |  |
| Other activity | 5.2  |  |  | (2.1) |  |
| Net cash used in investing activities | (164.4) |  |  | (528.1) |  |
| FINANCING ACTIVITIES |  |  |  |
| Proceeds from long-term debt, net of issuance costs | 1,491.2  |  |  | —  |  |
| Repayment of long-term debt | (1,387.5) |  |  | (37.5) |  |
| Proceeds from senior notes, net of issuance costs | —  |  |  | 936.3  |  |
| Repayment of senior notes | —  |  |  | (970.8) |  |
|  |  |  |  |
|  |  |  |  |
| Repayments under revolving credit line | —  |  |  | (250.0) |  |
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|  |  |  |  |
| Payment of contingent consideration | (12.2) |  |  | —  |  |
| Payment of acquired long-term debt | (63.6) |  |  | —  |  |
|  |  |  |  |
|  |  |  |  |
| Repurchases of common stock | (367.0) |  |  | (221.4) |  |
|  |  |  |  |
| Proceeds from issuance of common stock pursuant to employee stock plans | 17.3  |  |  | 33.6  |  |
| Payment of minimum tax withholdings on net share settlements of equity awards | (22.5) |  |  | (46.7) |  |
| Payments under finance lease obligations | (1.7) |  |  | (0.9) |  |
| Net cash used in financing activities | (346.0) |  |  | (557.4) |  |
| Effect of exchange rate changes on cash and cash equivalents | 4.5  |  |  | (1.3) |  |
| Net increase in cash and cash equivalents | 1,120.5  |  |  | 115.4  |  |
| Cash and cash equivalents, beginning of period | 1,170.3  |  |  | 701.0  |  |
| Cash and cash equivalents, end of period | $ | 2,290.8  |  |  | $ | 816.4  |  |

 See accompanying notes.8
