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10-K Filing

VARIAN MEDICAL SYSTEMS INC CIK: 203527 FY 2020
Filing Information
Form Type 10-K
Accession Number 0000203527-20-000027
Period End Date 20200930
Filing Date 20201125
Fiscal Year 2020
Fiscal Period FY
XBRL Instance var-20201002_htm.xml
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $46.50M USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $52.30M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $766.10M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $531.40M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Trade and unbilled receivables, net of allowance for doubtful accounts of $52.3 at October 2, 2020, and $46.5 at September 27, 2019 AccountsReceivableNetCurrent $1.07B USD Point-in-time
Trade and unbilled receivables, net of allowance for doubtful accounts of $52.3 at October 2, 2020, and $46.5 at September 27, 2019 AccountsReceivableNetCurrent $1.11B USD Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories InventoryNet $516.30M USD Point-in-time
Inventories InventoryNet $551.50M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $254.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $206.20M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 189.00M shares Point-in-time
Total current assets AssetsCurrent $2.60B USD Point-in-time
Total current assets AssetsCurrent $2.40B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 189.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $311.50M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 90.80M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $344.90M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 91.20M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 91.20M shares Point-in-time
Operating right-of-use assets OperatingLeaseRightOfUseAsset $121.00M USD Point-in-time
Operating right-of-use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 90.80M shares Point-in-time
Goodwill Goodwill $293.60M USD Point-in-time
Goodwill Goodwill $623.90M USD Point-in-time
Goodwill Goodwill $612.20M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $271.30M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $300.70M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $84.70M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $81.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $397.20M USD Point-in-time
Other assets OtherAssetsNoncurrent $416.30M USD Point-in-time
Total assets Assets $4.46B USD Point-in-time
Total assets Assets $4.10B USD Point-in-time
Accounts payable AccountsPayableCurrent $194.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $248.50M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $522.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $459.50M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $766.00M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $782.20M USD Point-in-time
Short-term borrowings ShortTermBorrowings $410.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $355.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.85B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.88B USD Point-in-time
Long-term lease liabilities OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Long-term lease liabilities OperatingLeaseLiabilityNoncurrent $101.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $421.80M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $440.10M USD Point-in-time
Total liabilities Liabilities $2.32B USD Point-in-time
Total liabilities Liabilities $2.38B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock of $1.0 par value: 1.0 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock of $1.0 par value: 1.0 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock of $1 par value: 189.0 shares authorized; 91.2 and 90.8 shares issued and outstanding at October 2, 2020, and at September 27, 2019, respectively CommonStockValue $90.80M USD Point-in-time
Common stock of $1 par value: 189.0 shares authorized; 91.2 and 90.8 shares issued and outstanding at October 2, 2020, and at September 27, 2019, respectively CommonStockValue $91.20M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $845.60M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $937.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $934.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.13B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-102.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-85.70M USD Point-in-time
Total Varian stockholders' equity StockholdersEquity $1.77B USD Point-in-time
Total Varian stockholders' equity StockholdersEquity $2.08B USD Point-in-time
Noncontrolling interests MinorityInterest $9.30M USD Point-in-time
Noncontrolling interests MinorityInterest $9.30M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.08B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.10B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.46B USD Point-in-time
Income Statement 95 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $2.92B USD Annual
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $3.17B USD Annual
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $3.23B USD Annual
Total cost of revenues CostOfRevenue $1.65B USD Annual
Total cost of revenues CostOfRevenue $1.79B USD Annual
Total cost of revenues CostOfRevenue $1.85B USD Annual
Gross margin GrossProfit $298.50M USD 1 Quarter
Gross margin GrossProfit $318.20M USD 1 Quarter
Gross margin GrossProfit $366.80M USD 1 Quarter
Gross margin GrossProfit $1.27B USD Annual
Gross margin GrossProfit $1.38B USD Annual
Gross margin GrossProfit $337.20M USD 1 Quarter
Gross margin GrossProfit $351.40M USD 1 Quarter
Gross margin GrossProfit $374.70M USD 1 Quarter
Gross margin GrossProfit $1.37B USD Annual
Gross margin GrossProfit $316.10M USD 1 Quarter
Gross margin GrossProfit $384.60M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $247.60M USD Annual
Research and development ResearchAndDevelopmentExpense $280.60M USD Annual
Research and development ResearchAndDevelopmentExpense $233.90M USD Annual
Selling, general and administrative SellingGeneralAndAdministrativeExpense $543.50M USD Annual
Selling, general and administrative SellingGeneralAndAdministrativeExpense $671.80M USD Annual
Selling, general and administrative SellingGeneralAndAdministrativeExpense $623.10M USD Annual
Impairment and restructuring charges RestructuringSettlementAndImpairmentProvisions $22.40M USD Annual
Impairment and restructuring charges RestructuringSettlementAndImpairmentProvisions $77.00M USD Annual
Impairment and restructuring charges RestructuringSettlementAndImpairmentProvisions $50.60M USD Annual
Acquisition-related expenses and in-process research and development AcquisitionrelatedExpenseBenefitandInprocessRD $36.40M USD Annual
Acquisition-related expenses and in-process research and development AcquisitionrelatedExpenseBenefitandInprocessRD $62.80M USD Annual
Acquisition-related expenses and in-process research and development AcquisitionrelatedExpenseBenefitandInprocessRD $24.60M USD Annual
Total operating expenses OperatingExpenses $836.20M USD Annual
Total operating expenses OperatingExpenses $984.10M USD Annual
Total operating expenses OperatingExpenses $1.05B USD Annual
Operating earnings OperatingIncomeLoss $323.20M USD Annual
Operating earnings OperatingIncomeLoss $386.20M USD Annual
Operating earnings OperatingIncomeLoss $437.40M USD Annual
Interest income InvestmentIncomeInterest $10.40M USD Annual
Interest income InvestmentIncomeInterest $17.30M USD Annual
Interest income InvestmentIncomeInterest $15.10M USD Annual
Interest expense InterestExpense $14.00M USD Annual
Interest expense InterestExpense $6.80M USD Annual
Interest expense InterestExpense $8.80M USD Annual
Other income, net OtherNonoperatingIncomeExpense $4.20M USD Annual
Other income, net OtherNonoperatingIncomeExpense $28.30M USD Annual
Other income, net OtherNonoperatingIncomeExpense $38.70M USD Annual
Earnings before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $452.10M USD Annual
Earnings before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $358.30M USD Annual
Earnings before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $420.80M USD Annual
Taxes on earnings IncomeTaxExpenseBenefit $88.90M USD Annual
Taxes on earnings IncomeTaxExpenseBenefit $301.80M USD Annual
Taxes on earnings IncomeTaxExpenseBenefit $128.60M USD Annual
Net earnings ProfitLoss $292.20M USD Annual
Net earnings ProfitLoss $150.30M USD Annual
Net earnings ProfitLoss $269.40M USD Annual
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $300.00K USD Annual
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD Annual
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $400.00K USD Annual
Net earnings attributable to Varian NetIncomeLoss $269.20M USD Annual
Net earnings attributable to Varian NetIncomeLoss $76.60M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $61.20M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $88.60M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $88.20M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $43.20M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $29.40M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $291.90M USD Annual
Net earnings attributable to Varian NetIncomeLoss $103.20M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $149.90M USD Annual
Net earnings attributable to Varian NetIncomeLoss $70.70M USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $2.96 USD Annual
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.97 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $1.13 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.48 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.67 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $3.21 USD Annual
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.97 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.32 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.84 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $1.64 USD Annual
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $0.78 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.77 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $1.62 USD Annual
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.32 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $2.94 USD Annual
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.96 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.67 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.47 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.83 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $3.18 USD Annual
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $1.12 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.96 USD 1 Quarter
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 91.00M shares Annual
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 91.50M shares Annual
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 90.90M shares Annual
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 92.50M shares Annual
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 91.50M shares Annual
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 91.90M shares Annual
Cash Flow Statement 129 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $292.20M USD Annual
Net earnings ProfitLoss $150.30M USD Annual
Net earnings ProfitLoss $269.40M USD Annual
Share-based compensation expense ShareBasedCompensation $45.90M USD Annual
Share-based compensation expense ShareBasedCompensation $47.90M USD Annual
Share-based compensation expense ShareBasedCompensation $43.90M USD Annual
Depreciation Depreciation $60.60M USD Annual
Depreciation Depreciation $52.10M USD Annual
Depreciation Depreciation $53.80M USD Annual
Amortization of intangible assets and inventory step-up AmortizationofIntangibleAssetsandInventoryStepup $20.60M USD Annual
Amortization of intangible assets and inventory step-up AmortizationofIntangibleAssetsandInventoryStepup $39.20M USD Annual
Amortization of intangible assets and inventory step-up AmortizationofIntangibleAssetsandInventoryStepup $38.30M USD Annual
Deferred taxes DeferredIncomeTaxExpenseBenefit $48.00M USD Annual
Deferred taxes DeferredIncomeTaxExpenseBenefit $26.90M USD Annual
Deferred taxes DeferredIncomeTaxExpenseBenefit $18.90M USD Annual
Provision to allowance for doubtful accounts ProvisionForDoubtfulAccounts $6.60M USD Annual
Provision to allowance for doubtful accounts ProvisionForDoubtfulAccounts $4.00M USD Annual
Provision to allowance for doubtful accounts ProvisionForDoubtfulAccounts $14.50M USD Annual
Gain on equity investments, net GainOnSaleOfInvestments $22.00M USD 1 Quarter
Gain on equity investments, net GainOnSaleOfInvestments - USD Annual
Gain on equity investments, net GainOnSaleOfInvestments $41.50M USD Annual
Gain on equity investments, net GainOnSaleOfInvestments $23.80M USD Annual
Impairment charges AssetImpairmentCharges $40.50M USD 1 Quarter
Impairment charges AssetImpairmentCharges $22.40M USD Annual
Impairment charges AssetImpairmentCharges $58.30M USD Annual
Impairment charges AssetImpairmentCharges $50.60M USD Annual
Write-off of in-process research and development related to acquisition-related activities ResearchAndDevelopmentInProcess $20.80M USD Annual
Write-off of in-process research and development related to acquisition-related activities ResearchAndDevelopmentInProcess $20.80M USD 1 Quarter
Write-off of in-process research and development related to acquisition-related activities ResearchAndDevelopmentInProcess - USD Annual
Write-off of in-process research and development related to acquisition-related activities ResearchAndDevelopmentInProcess - USD Annual
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $18.60M USD Annual
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $11.60M USD 1 Quarter
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $8.90M USD 1 Quarter
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $18.60M USD 1 Quarter
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $-300.00K USD Annual
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 - USD Annual
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $8.80M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $300.00K USD Annual
Other, net OtherNoncashIncomeExpense $-2.40M USD Annual
Other, net OtherNoncashIncomeExpense $-9.70M USD Annual
Trade and unbilled receivables IncreaseDecreaseInAccountsReceivable $-35.20M USD Annual
Trade and unbilled receivables IncreaseDecreaseInAccountsReceivable $76.10M USD Annual
Trade and unbilled receivables IncreaseDecreaseInAccountsReceivable $111.70M USD Annual
Inventories IncreaseDecreaseInInventories $16.40M USD Annual
Inventories IncreaseDecreaseInInventories $-39.80M USD Annual
Inventories IncreaseDecreaseInInventories $106.90M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $40.40M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.90M USD Annual
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.80M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $49.70M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $21.90M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $-66.90M USD Annual
Accrued liabilities and other long-term liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities $-12.50M USD Annual
Accrued liabilities and other long-term liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities $-14.50M USD Annual
Accrued liabilities and other long-term liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities $175.60M USD Annual
Deferred revenues IncreaseDecreaseInContractWithCustomerLiability $71.10M USD Annual
Deferred revenues IncreaseDecreaseInContractWithCustomerLiability $11.20M USD Annual
Deferred revenues IncreaseDecreaseInContractWithCustomerLiability $800.00K USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $454.90M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $371.80M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $484.10M USD Annual
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $47.70M USD Annual
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $58.00M USD Annual
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $84.30M USD Annual
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $36.20M USD Annual
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $576.20M USD Annual
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $109.00M USD Annual
Purchase of equity and notes receivable in privately-held companies PaymentsToAcquireEquityAndNotesReceivableInPrivatelyHeldCompanies $26.30M USD Annual
Purchase of equity and notes receivable in privately-held companies PaymentsToAcquireEquityAndNotesReceivableInPrivatelyHeldCompanies $32.80M USD Annual
Purchase of equity and notes receivable in privately-held companies PaymentsToAcquireEquityAndNotesReceivableInPrivatelyHeldCompanies $10.10M USD Annual
Sale of equity investments ProceedsFromSaleOfOtherInvestments $29.90M USD Annual
Sale of equity investments ProceedsFromSaleOfOtherInvestments $9.20M USD Annual
Sale of equity investments ProceedsFromSaleOfOtherInvestments - USD Annual
Sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $15.90M USD Annual
Sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $8.50M USD Annual
Sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD Annual
Investment in available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $17.80M USD Annual
Investment in available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt - USD Annual
Investment in available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt - USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $3.10M USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $6.00M USD Annual
Other, net PaymentsForProceedsFromOtherInvestingActivities $2.70M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-174.70M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-631.70M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-140.30M USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $86.20M USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $181.90M USD Annual
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $166.70M USD Annual
Proceeds from issuance of common stock to employees ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $63.40M USD Annual
Proceeds from issuance of common stock to employees ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $76.00M USD Annual
Proceeds from issuance of common stock to employees ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $60.70M USD Annual
Tax withholdings on vesting of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $12.80M USD Annual
Tax withholdings on vesting of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $14.50M USD Annual
Tax withholdings on vesting of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $11.60M USD Annual
Borrowings under credit facility agreement ProceedsFromLinesOfCredit $110.50M USD Annual
Borrowings under credit facility agreement ProceedsFromLinesOfCredit $636.50M USD Annual
Borrowings under credit facility agreement ProceedsFromLinesOfCredit $503.30M USD Annual
Repayments under credit facility agreement RepaymentsOfLinesOfCredit $636.50M USD Annual
Repayments under credit facility agreement RepaymentsOfLinesOfCredit $110.50M USD Annual
Repayments under credit facility agreement RepaymentsOfLinesOfCredit $503.30M USD Annual
Net borrowings (repayments) under the credit facility agreements with maturities less than 90 days ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $410.00M USD Annual
Net borrowings (repayments) under the credit facility agreements with maturities less than 90 days ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-55.00M USD Annual
Net borrowings (repayments) under the credit facility agreements with maturities less than 90 days ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-350.00M USD Annual
Repayment of acquired debt RepaymentsOfAssumedDebt - USD Annual
Repayment of acquired debt RepaymentsOfAssumedDebt $16.80M USD Annual
Repayment of acquired debt RepaymentsOfAssumedDebt - USD Annual
Payment of contingent consideration PaymentForContingentConsiderationLiabilityFinancingActivities $1.00M USD Annual
Payment of contingent consideration PaymentForContingentConsiderationLiabilityFinancingActivities $14.00M USD Annual
Payment of contingent consideration PaymentForContingentConsiderationLiabilityFinancingActivities $500.00K USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $4.80M USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $-3.70M USD Annual
Other ProceedsFromPaymentsForOtherFinancingActivities $-1.10M USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-93.10M USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-487.00M USD Annual
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $279.20M USD Annual
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.40M USD Annual
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-9.00M USD Annual
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.70M USD Annual
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $27.70M USD Annual
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-202.10M USD Annual
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $241.70M USD Annual
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $718.50M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $516.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $544.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $785.80M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $785.80M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $718.50M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $544.10M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $516.40M USD Point-in-time
Stockholders Equity 37 line items
Line Item Tag Value Unit Period
Beginning Balance (in shares) CommonStockSharesOutstanding 90.80M shares Point-in-time
Beginning Balance (in shares) CommonStockSharesOutstanding 91.20M shares Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.08B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Net earnings, excluding prior business NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPriorBusiness $150.30M USD Annual
Net earnings, excluding redeemable noncontrolling interest NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest $269.40M USD Annual
Net earnings, excluding redeemable noncontrolling interest NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest $292.20M USD Annual
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTax $-36.80M USD Annual
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTax $16.40M USD Annual
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTax $3.50M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $76.00M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $60.70M USD Annual
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $63.40M USD Annual
Tax withholdings on vesting of equity awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $12.80M USD Annual
Tax withholdings on vesting of equity awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $14.50M USD Annual
Tax withholdings on vesting of equity awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $11.60M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $45.90M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $43.00M USD Annual
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $47.80M USD Annual
Repurchases of common stock (in shares) StockRepurchasedAndRetiredDuringPeriodShares 600,000.00 shares Annual
Repurchases of common stock (in shares) StockRepurchasedAndRetiredDuringPeriodShares 1.40M shares Annual
Repurchases of common stock (in shares) StockRepurchasedAndRetiredDuringPeriodShares 1.60M shares Annual
Repurchases of common stock StockRepurchasedAndRetiredDuringPeriodValue $166.70M USD Annual
Repurchases of common stock StockRepurchasedAndRetiredDuringPeriodValue $86.20M USD Annual
Repurchases of common stock StockRepurchasedAndRetiredDuringPeriodValue $181.90M USD Annual
Acquisition of Cancer Treatment Services International NoncontrollingInterestIncreaseFromBusinessCombination $5.00M USD Annual
Other StockholdersEquityOther $100.00K USD Annual
Other StockholdersEquityOther $-1.40M USD Annual
Other StockholdersEquityOther $1.50M USD Annual
Ending Balance (in shares) CommonStockSharesOutstanding 90.80M shares Point-in-time
Ending Balance (in shares) CommonStockSharesOutstanding 91.20M shares Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.08B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Comprehensive Income 60 line items
Line Item Tag Value Unit Period
Tax (expense) benefit related to net gain (loss) arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $-4.50M USD Annual
Net earnings ProfitLoss $292.20M USD Annual
Net earnings ProfitLoss $150.30M USD Annual
Tax (expense) benefit related to net gain (loss) arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $200.00K USD Annual
Tax (expense) benefit related to net gain (loss) arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $1.10M USD Annual
Net earnings ProfitLoss $269.40M USD Annual
Tax (expense) benefit related to prior service credit arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect $100.00K USD Annual
Tax (expense) benefit related to prior service credit arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect $-300.00K USD Annual
Tax (expense) benefit related to prior service credit arising during the year for defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect $-2.10M USD Annual
Tax (expense) benefit related to amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-200.00K USD Annual
Tax (expense) benefit related to amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-100.00K USD Annual
Tax (expense) benefit related to amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-100.00K USD Annual
Tax (expense) benefit related to amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost AmortizationSettlementOrCurtailmentOfNetActuarialLossIncludedInNetPeriodicBenefitCostTax $-600.00K USD Annual
Tax (expense) benefit related to amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost AmortizationSettlementOrCurtailmentOfNetActuarialLossIncludedInNetPeriodicBenefitCostTax $-600.00K USD Annual
Net gain (loss) arising during the year, net of tax (expense) benefit of $(0.2), $4.5, and $(1.1) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-27.80M USD Annual
Net gain (loss) arising during the year, net of tax (expense) benefit of $(0.2), $4.5, and $(1.1) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $4.70M USD Annual
Net gain (loss) arising during the year, net of tax (expense) benefit of $(0.2), $4.5, and $(1.1) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $300.00K USD Annual
Tax (expense) benefit related to amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost AmortizationSettlementOrCurtailmentOfNetActuarialLossIncludedInNetPeriodicBenefitCostTax $-400.00K USD Annual
Tax (expense) benefit related to change in unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $-100.00K USD Annual
Tax (expense) benefit related to change in unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $700.00K USD Annual
Tax (expense) benefit related to change in unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $-300.00K USD Annual
Prior service credit (cost) arising during the year, net of tax (expense) benefit of $(2.1), $0.1, and $(0.3) OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $700.00K USD Annual
Prior service credit (cost) arising during the year, net of tax (expense) benefit of $(2.1), $0.1, and $(0.3) OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-1.90M USD Annual
Prior service credit (cost) arising during the year, net of tax (expense) benefit of $(2.1), $0.1, and $(0.3) OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax $-11.80M USD Annual
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.1, $0.1, and $0.2 OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-900.00K USD Annual
Tax (expense) benefit related to reclassification adjustments on unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $600.00K USD Annual
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.1, $0.1, and $0.2 OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-1.00M USD Annual
Tax (expense) benefit related to reclassification adjustments on unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $-300.00K USD Annual
Tax (expense) benefit related to reclassification adjustments on unrealized gain (loss) on derivatives OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax - USD Annual
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.1, $0.1, and $0.2 OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-700.00K USD Annual
Amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost, net of tax (expense) of $(0.6), $(0.4), and $(0.6) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-2.70M USD Annual
Amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost, net of tax (expense) of $(0.6), $(0.4), and $(0.6) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-3.30M USD Annual
Amortization, settlement and curtailment of net actuarial loss included in net periodic benefit cost, net of tax (expense) of $(0.6), $(0.4), and $(0.6) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-3.60M USD Annual
Defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-14.80M USD Annual
Defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-8.90M USD Annual
Defined benefit pension and post-retirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $26.50M USD Annual
Change in unrealized gain (loss), net of tax benefit (expense) of $0.1, $(0.7), and $0.3 OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $2.30M USD Annual
Change in unrealized gain (loss), net of tax benefit (expense) of $0.1, $(0.7), and $0.3 OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-200.00K USD Annual
Change in unrealized gain (loss), net of tax benefit (expense) of $0.1, $(0.7), and $0.3 OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-600.00K USD Annual
Reclassification adjustments, net of tax benefit (expense) of $0.6, $0.0, and $(0.3) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $2.00M USD Annual
Reclassification adjustments, net of tax benefit (expense) of $0.6, $0.0, and $(0.3) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-600.00K USD Annual
Reclassification adjustments, net of tax benefit (expense) of $0.6, $0.0, and $(0.3) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $200.00K USD Annual
Derivative Instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD Annual
Derivative Instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.10M USD Annual
Derivative Instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-2.20M USD Annual
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-5.40M USD Annual
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-12.40M USD Annual
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.80M USD Annual
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $16.40M USD Annual
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $3.50M USD Annual
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-36.80M USD Annual
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $255.40M USD Annual
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $153.80M USD Annual
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $285.80M USD Annual
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $200.00K USD Annual
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $400.00K USD Annual
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $300.00K USD Annual
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $153.40M USD Annual
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $255.10M USD Annual
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $285.60M USD Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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