v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
OPERATING ACTIVITIES    
Net loss $ (184.7) $ (268.1)
Adjustments to reconcile net loss to net cash (used for) provided by operating activities:    
Depreciation and amortization 229.6 217.4
Stock-based compensation expense 22.7 24.4
Change in deferred tax assets and liabilities (3.2) (0.5)
Asset write off related to restructuring, integration and other charges 0.0 151.4
Amortization of deferred cloud computing implementation costs 17.2 11.1
Payment of Grifols Joint Business termination cost (25.0) 0.0
Other non-cash, net 2.4 3.2
Changes in assets and liabilities:    
Accounts receivable 62.9 24.7
Inventories (123.3) (102.6)
Prepaid expenses and other current and non-current assets 10.3 (8.5)
Accounts payable (39.0) (23.5)
Accrued payroll and related expenses (45.0) (34.9)
Income tax receivable and payable 18.4 57.5
Other current and non-current liabilities (86.9) (32.8)
Net cash (used for) provided by operating activities (143.6) 18.8
INVESTING ACTIVITIES    
Acquisitions of property, plant, equipment, investments and intangibles (59.5) (93.7)
Acquisition, net of cash acquired (96.8) 0.0
Proceeds from sale of investments 15.0 0.0
Proceeds from government assistance allocated to fixed assets 0.0 6.5
Loan to LEX Diagnostics 0.0 (2.0)
Net cash used for investing activities (141.3) (89.2)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock 2.2 3.1
Short-term borrowings, net (1.0) 1.9
Revolving credit facility, net 170.0 192.0
Proceeds from long-term borrowings 112.6 0.0
Payments on long-term borrowings (42.0) (72.0)
Payments on finance lease obligation (1.6) 0.0
Payments of tax withholdings related to vesting of stock-based awards (2.0) (4.1)
Net cash provided by financing activities 238.2 120.9
Effect of exchange rates on cash 0.3 2.7
Net (decrease) increase in cash, cash equivalents and restricted cash (46.4) 53.2
Cash, cash equivalents and restricted cash at beginning of period 169.8 98.5
Cash, cash equivalents and restricted cash at end of period 123.4 151.7
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Purchase of property, equipment and intangibles by incurring current liabilities 8.1 16.6
Transfer of instrument inventories to fixed assets 76.8 74.7
Reduction of accrued payroll and related expenses upon issuance of restricted share units $ 0.0 $ 0.8