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10-Q Filing

VARIAN MEDICAL SYSTEMS INC CIK: 203527 Q3 2016
Filing Information
Form Type 10-Q
Accession Number 0001628280-16-018815
Period End Date 20160630
Filing Date 20160809
Fiscal Year 2016
Fiscal Period Q3
XBRL Instance var-20160701.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $21.22M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $25.63M 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 $845.47M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $951.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $849.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $835.94M 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
Accounts receivable, net of allowance for doubtful accounts of $25,632 at July 1, 2016 and $21,218 at October 2, 2015 AccountsReceivableNetCurrent $770.92M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $25,632 at July 1, 2016 and $21,218 at October 2, 2015 AccountsReceivableNetCurrent $840.44M 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 $612.61M USD Point-in-time
Inventories InventoryNet $682.49M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $163.98M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $187.76M 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
Total current assets AssetsCurrent $2.39B USD Point-in-time
Total current assets AssetsCurrent $2.55B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 189.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 189.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 98.07M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 94.31M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $372.50M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $379.21M USD Point-in-time
Goodwill Goodwill $282.89M USD Point-in-time
Goodwill Goodwill $283.45M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 98.07M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 94.31M shares Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $117.92M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $119.33M USD Point-in-time
Other assets OtherAssetsNoncurrent $403.67M USD Point-in-time
Other assets OtherAssetsNoncurrent $439.52M USD Point-in-time
Total assets Assets $3.58B USD Point-in-time
Total assets Assets $3.76B USD Point-in-time
Accounts payable AccountsPayableCurrent $202.92M USD Point-in-time
Accounts payable AccountsPayableCurrent $180.34M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $347.17M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $365.01M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $530.85M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $489.77M USD Point-in-time
Advance payments from customers CustomerAdvancesCurrent $140.08M USD Point-in-time
Advance payments from customers CustomerAdvancesCurrent $178.26M USD Point-in-time
Short-term borrowings ShortTermBorrowings $351.44M USD Point-in-time
Short-term borrowings ShortTermBorrowings $108.45M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $50.00M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $50.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.38B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.62B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $300.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $337.50M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $139.55M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $138.24M USD Point-in-time
Total liabilities Liabilities $1.85B USD Point-in-time
Total liabilities Liabilities $2.06B USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 9) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $10.33M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount - USD Point-in-time
Preferred stock of $1 par value: 1,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock of $1 par value: 1,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock of $1 par value: 189,000 shares authorized; 94,306 and 98,070 shares issued and outstanding at July 1, 2016 and at October 2, 2015, respectively CommonStockValue $94.31M USD Point-in-time
Common stock of $1 par value: 189,000 shares authorized; 94,306 and 98,070 shares issued and outstanding at July 1, 2016 and at October 2, 2015, respectively CommonStockValue $98.07M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $659.03M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $682.17M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.02B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.02B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-86.46M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-84.06M USD Point-in-time
Total Varian stockholders' equity StockholdersEquity $1.69B USD Point-in-time
Total Varian stockholders' equity StockholdersEquity $1.71B USD Point-in-time
Noncontrolling interests MinorityInterest $14.74M USD Point-in-time
Noncontrolling interests MinorityInterest $3.65M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.69B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and equity LiabilitiesAndStockholdersEquity $3.58B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and equity LiabilitiesAndStockholdersEquity $3.76B USD Point-in-time
Income Statement 88 line items
Line Item Tag Value Unit Period
Product SalesRevenueGoodsNet $1.52B USD 3 Qtrs
Product SalesRevenueGoodsNet $533.74M USD 1 Quarter
Product SalesRevenueGoodsNet $1.51B USD 3 Qtrs
Product SalesRevenueGoodsNet $517.27M USD 1 Quarter
Service SalesRevenueServicesNet $791.95M USD 3 Qtrs
Service SalesRevenueServicesNet $250.28M USD 1 Quarter
Service SalesRevenueServicesNet $272.15M USD 1 Quarter
Service SalesRevenueServicesNet $757.94M USD 3 Qtrs
Total revenues Revenues $2.31B USD 3 Qtrs
Total revenues Revenues $789.42M USD 1 Quarter
Total revenues Revenues $784.01M USD 1 Quarter
Total revenues Revenues $2.28B USD 3 Qtrs
Product CostOfGoodsSold $332.02M USD 1 Quarter
Product CostOfGoodsSold $1.01B USD 3 Qtrs
Product CostOfGoodsSold $999.58M USD 3 Qtrs
Product CostOfGoodsSold $363.31M USD 1 Quarter
Service CostOfServices $325.52M USD 3 Qtrs
Service CostOfServices $317.17M USD 3 Qtrs
Service CostOfServices $105.73M USD 1 Quarter
Service CostOfServices $110.97M USD 1 Quarter
Total cost of revenues CostOfRevenue $1.33B USD 3 Qtrs
Total cost of revenues CostOfRevenue $469.04M USD 1 Quarter
Total cost of revenues CostOfRevenue $1.32B USD 3 Qtrs
Total cost of revenues CostOfRevenue $442.99M USD 1 Quarter
Gross margin GrossProfit $964.52M USD 3 Qtrs
Gross margin GrossProfit $973.34M USD 3 Qtrs
Gross margin GrossProfit $314.98M USD 1 Quarter
Gross margin GrossProfit $346.43M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $64.95M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $176.40M USD 3 Qtrs
Research and development ResearchAndDevelopmentExpense $60.01M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $187.04M USD 3 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $405.20M USD 3 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $151.01M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $110.72M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $368.39M USD 3 Qtrs
Total operating expenses OperatingExpenses $544.79M USD 3 Qtrs
Total operating expenses OperatingExpenses $592.24M USD 3 Qtrs
Total operating expenses OperatingExpenses $215.96M USD 1 Quarter
Total operating expenses OperatingExpenses $170.73M USD 1 Quarter
Operating earnings OperatingIncomeLoss $130.47M USD 1 Quarter
Operating earnings OperatingIncomeLoss $419.73M USD 3 Qtrs
Operating earnings OperatingIncomeLoss $381.10M USD 3 Qtrs
Operating earnings OperatingIncomeLoss $144.24M USD 1 Quarter
Interest income InvestmentIncomeInterest $12.78M USD 3 Qtrs
Interest income InvestmentIncomeInterest $9.57M USD 3 Qtrs
Interest income InvestmentIncomeInterest $4.54M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.49M USD 1 Quarter
Interest expense InterestExpense $2.91M USD 1 Quarter
Interest expense InterestExpense $8.45M USD 3 Qtrs
Interest expense InterestExpense $1.88M USD 1 Quarter
Interest expense InterestExpense $5.93M USD 3 Qtrs
Earnings before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $385.44M USD 3 Qtrs
Earnings before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $423.38M USD 3 Qtrs
Earnings before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $132.10M USD 1 Quarter
Earnings before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $145.85M USD 1 Quarter
Taxes on earnings IncomeTaxExpenseBenefit $32.21M USD 1 Quarter
Taxes on earnings IncomeTaxExpenseBenefit $33.21M USD 1 Quarter
Taxes on earnings IncomeTaxExpenseBenefit $110.45M USD 3 Qtrs
Taxes on earnings IncomeTaxExpenseBenefit $100.53M USD 3 Qtrs
Net earnings ProfitLoss $284.91M USD 3 Qtrs
Net earnings ProfitLoss $98.89M USD 1 Quarter
Net earnings ProfitLoss $113.64M USD 1 Quarter
Net earnings ProfitLoss $312.93M USD 3 Qtrs
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $118.00K USD 3 Qtrs
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $136.00K USD 1 Quarter
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $136.00K USD 3 Qtrs
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $91.00K USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $98.80M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $312.79M USD 3 Qtrs
Net earnings attributable to Varian NetIncomeLoss $113.51M USD 1 Quarter
Net earnings attributable to Varian NetIncomeLoss $284.79M USD 3 Qtrs
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $2.97 USD 3 Qtrs
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $1.14 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $1.04 USD 1 Quarter
Net earnings per share - basic (in dollars per share) EarningsPerShareBasic $3.13 USD 3 Qtrs
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $1.13 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $2.95 USD 3 Qtrs
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $1.04 USD 1 Quarter
Net earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $3.10 USD 3 Qtrs
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 99.72M shares 1 Quarter
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 94.94M shares 1 Quarter
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 95.95M shares 3 Qtrs
Weighted average shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 100.09M shares 3 Qtrs
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 101.02M shares 3 Qtrs
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 96.52M shares 3 Qtrs
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 95.43M shares 1 Quarter
Weighted average shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 100.45M shares 1 Quarter
Cash Flow Statement 86 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $284.91M USD 3 Qtrs
Net earnings ProfitLoss $98.89M USD 1 Quarter
Net earnings ProfitLoss $113.64M USD 1 Quarter
Net earnings ProfitLoss $312.93M USD 3 Qtrs
Share-based compensation expense ShareBasedCompensation $36.59M USD 3 Qtrs
Share-based compensation expense ShareBasedCompensation $36.02M USD 3 Qtrs
Tax benefits from exercises of share-based payment awards DeferredTaxExpenseFromStockOptionsExercised $12.30M USD 3 Qtrs
Tax benefits from exercises of share-based payment awards DeferredTaxExpenseFromStockOptionsExercised $1.32M USD 3 Qtrs
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $2.09M USD 3 Qtrs
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $12.30M USD 3 Qtrs
Depreciation Depreciation $44.89M USD 3 Qtrs
Depreciation Depreciation $46.71M USD 3 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $1.80M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $5.11M USD 3 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $9.66M USD 3 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $2.90M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $15.22M USD 3 Qtrs
Deferred taxes DeferredIncomeTaxExpenseBenefit $2.36M USD 3 Qtrs
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $5.20M USD 3 Qtrs
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $2.81M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-2.55M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-1.39M USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $-14.04M USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $94.64M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $77.29M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $72.09M USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $35.40M USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $32.70M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-5.05M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $281.00K USD 3 Qtrs
Accrued liabilities and other long-term liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities $-39.84M USD 3 Qtrs
Accrued liabilities and other long-term liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities $18.77M USD 3 Qtrs
Deferred revenues and advance payments from customers IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits $6.11M USD 3 Qtrs
Deferred revenues and advance payments from customers IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits $32.74M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $204.34M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $316.17M USD 3 Qtrs
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $60.95M USD 3 Qtrs
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $57.08M USD 3 Qtrs
Issuance of notes receivable PaymentsToAcquireNotesReceivable $5.00M USD 3 Qtrs
Issuance of notes receivable PaymentsToAcquireNotesReceivable $10.30M USD 3 Qtrs
Sale of notes receivable ProceedsFromSaleOfNotesReceivable - USD 3 Qtrs
Sale of notes receivable ProceedsFromSaleOfNotesReceivable $8.33M USD 3 Qtrs
Sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $8.64M USD 3 Qtrs
Sale of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 3 Qtrs
Investment in available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $2.51M USD 3 Qtrs
Investment in available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $942.00K USD 3 Qtrs
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $11.59M USD 3 Qtrs
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.24M USD 3 Qtrs
Net amounts received from (paid to) deferred compensation plan trust account PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet $2.51M USD 3 Qtrs
Net amounts received from (paid to) deferred compensation plan trust account PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet $-2.91M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $1.08M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $-499.00K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-60.45M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-73.19M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $293.57M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $374.22M USD 3 Qtrs
Proceeds from issuance of common stock to employees ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $36.65M USD 3 Qtrs
Proceeds from issuance of common stock to employees ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans $86.54M USD 3 Qtrs
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.09M USD 3 Qtrs
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $12.30M USD 3 Qtrs
Employees' taxes withheld and paid for restricted stock and restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $16.20M USD 3 Qtrs
Employees' taxes withheld and paid for restricted stock and restricted stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $10.84M USD 3 Qtrs
Borrowings under credit facility agreement ProceedsFromIssuanceOfLongTermDebt $125.00M USD 3 Qtrs
Borrowings under credit facility agreement ProceedsFromIssuanceOfLongTermDebt $83.00M USD 3 Qtrs
Repayments under credit facility agreement RepaymentsOfLongTermDebt $162.50M USD 3 Qtrs
Repayments under credit facility agreement RepaymentsOfLongTermDebt $120.50M USD 3 Qtrs
Net borrowings under credit facility agreements with maturities less than 90 days ProceedsFromLinesOfCredit $240.00M USD 3 Qtrs
Net borrowings under credit facility agreements with maturities less than 90 days ProceedsFromLinesOfCredit $95.48M USD 3 Qtrs
Contingent consideration and hold back PaymentOfContingentConsiderationAndHoldBack $3.34M USD 3 Qtrs
Contingent consideration and hold back PaymentOfContingentConsiderationAndHoldBack $5.57M USD 3 Qtrs
Capital contribution from noncontrolling interest holders ProceedsFromMinorityShareholders $496.00K USD 3 Qtrs
Capital contribution from noncontrolling interest holders ProceedsFromMinorityShareholders $2.89M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-153.40M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-148.89M USD 3 Qtrs
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-4.54M USD 3 Qtrs
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $12.59M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-9.53M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $102.16M USD 3 Qtrs
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $849.27M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $951.44M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $835.94M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $845.47M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $835.94M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $849.27M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $951.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $845.47M USD Point-in-time
Comprehensive Income 81 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $284.91M USD 3 Qtrs
Tax on amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-45.00K USD 1 Quarter
Tax on amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-136.00K USD 3 Qtrs
Net earnings ProfitLoss $98.89M USD 1 Quarter
Net earnings ProfitLoss $113.64M USD 1 Quarter
Net earnings ProfitLoss $312.93M USD 3 Qtrs
Tax on amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-121.00K USD 3 Qtrs
Tax on amortization of prior service cost included in net periodic benefit cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax $-41.00K USD 1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax $396.00K USD 3 Qtrs
Tax on amortization of net actuarial loss included in net periodic benefit cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax $132.00K USD 1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax $116.00K USD 1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax $347.00K USD 3 Qtrs
Tax on increase (decrease) in unrealized gain on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $866.00K USD 3 Qtrs
Tax on increase (decrease) in unrealized gain on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-343.00K USD 3 Qtrs
Tax on increase (decrease) in unrealized gain on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $127.00K USD 1 Quarter
Tax on increase (decrease) in unrealized gain on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $137.00K USD 1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $45 and $136 for the three and nine months ended July 1, 2016, respectively, and $41 and $121 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-39.00K USD 1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $45 and $136 for the three and nine months ended July 1, 2016, respectively, and $41 and $121 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-117.00K USD 3 Qtrs
Tax on reclassification adjustment on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-221.00K USD 3 Qtrs
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $45 and $136 for the three and nine months ended July 1, 2016, respectively, and $41 and $121 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-215.00K USD 3 Qtrs
Tax on reclassification adjustment on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-250.00K USD 1 Quarter
Tax on reclassification adjustment on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $1.29M USD 3 Qtrs
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $45 and $136 for the three and nine months ended July 1, 2016, respectively, and $41 and $121 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-72.00K USD 1 Quarter
Tax on reclassification adjustment on derivative instruments OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $259.00K USD 1 Quarter
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-102.00K USD 1 Quarter
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-102.00K USD 3 Qtrs
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax - USD 1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($396) for the three and nine months ended July 1, 2016, respectively, and ($116) and ($347) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-602.00K USD 1 Quarter
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-141.00K USD 3 Qtrs
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($396) for the three and nine months ended July 1, 2016, respectively, and ($116) and ($347) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-505.00K USD 1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($396) for the three and nine months ended July 1, 2016, respectively, and ($116) and ($347) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.51M USD 3 Qtrs
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($396) for the three and nine months ended July 1, 2016, respectively, and ($116) and ($347) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.80M USD 3 Qtrs
Defined benefit pension and post-retirement plans: OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-530.00K USD 1 Quarter
Defined benefit pension and post-retirement plans: OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.59M USD 3 Qtrs
Tax on reclassification adjustments on available for sale securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $193.00K USD 3 Qtrs
Defined benefit pension and post-retirement plans: OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.40M USD 3 Qtrs
Defined benefit pension and post-retirement plans: OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-466.00K USD 1 Quarter
Change in unrealized gain (loss), net of tax (expense) benefit of ($137) and $343 for the three and nine months ended July 1, 2016, respectively, and ($127) and ($866) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $214.00K USD 1 Quarter
Change in unrealized gain (loss), net of tax (expense) benefit of ($137) and $343 for the three and nine months ended July 1, 2016, respectively, and ($127) and ($866) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.45M USD 3 Qtrs
Change in unrealized gain (loss), net of tax (expense) benefit of ($137) and $343 for the three and nine months ended July 1, 2016, respectively, and ($127) and ($866) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $228.00K USD 1 Quarter
Change in unrealized gain (loss), net of tax (expense) benefit of ($137) and $343 for the three and nine months ended July 1, 2016, respectively, and ($127) and ($866) for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-574.00K USD 3 Qtrs
Reclassification adjustments, net of tax (expense) benefit of ($250) and ($221) for the three and nine months ended July 1, 2016, respectively, and $259 and $1,286 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-368.00K USD 3 Qtrs
Reclassification adjustments, net of tax (expense) benefit of ($250) and ($221) for the three and nine months ended July 1, 2016, respectively, and $259 and $1,286 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-418.00K USD 1 Quarter
Reclassification adjustments, net of tax (expense) benefit of ($250) and ($221) for the three and nine months ended July 1, 2016, respectively, and $259 and $1,286 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $434.00K USD 1 Quarter
Reclassification adjustments, net of tax (expense) benefit of ($250) and ($221) for the three and nine months ended July 1, 2016, respectively, and $259 and $1,286 for the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $2.15M USD 3 Qtrs
Derivative instruments: OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-206.00K USD 3 Qtrs
Derivative instruments: OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-703.00K USD 3 Qtrs
Derivative instruments: OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $646.00K USD 1 Quarter
Derivative instruments: OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-220.00K USD 1 Quarter
Change in unrealized loss, net of tax benefit of $0 and $141 for the three and nine months ended July 1, 2016, respectively, and $102 for both of the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in unrealized loss, net of tax benefit of $0 and $141 for the three and nine months ended July 1, 2016, respectively, and $102 for both of the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-218.00K USD 1 Quarter
Change in unrealized loss, net of tax benefit of $0 and $141 for the three and nine months ended July 1, 2016, respectively, and $102 for both of the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-299.00K USD 3 Qtrs
Change in unrealized loss, net of tax benefit of $0 and $141 for the three and nine months ended July 1, 2016, respectively, and $102 for both of the corresponding periods of fiscal year 2015, respectively. OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-218.00K USD 3 Qtrs
Reclassification adjustments, net of tax expense of ($193) for the nine months ended July 1, 2016. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Reclassification adjustments, net of tax expense of ($193) for the nine months ended July 1, 2016. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-411.00K USD 3 Qtrs
Reclassification adjustments, net of tax expense of ($193) for the nine months ended July 1, 2016. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Reclassification adjustments, net of tax expense of ($193) for the nine months ended July 1, 2016. OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 3 Qtrs
Available-for-sale securities: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-218.00K USD 1 Quarter
Available-for-sale securities: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Available-for-sale securities: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-218.00K USD 3 Qtrs
Available-for-sale securities: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $112.00K USD 3 Qtrs
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $906.00K USD 3 Qtrs
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-4.27M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.11M USD 1 Quarter
Currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-28.35M USD 3 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-27.87M USD 3 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-3.09M USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $2.40M USD 3 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $2.14M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $115.78M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $95.79M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $287.31M USD 3 Qtrs
Comprehensive earnings ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $285.05M USD 3 Qtrs
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $78.00K USD 3 Qtrs
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $78.00K USD 1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $91.00K USD 1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $118.00K USD 3 Qtrs
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $95.70M USD 1 Quarter
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $284.98M USD 3 Qtrs
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $115.70M USD 1 Quarter
Comprehensive earnings attributable to Varian ComprehensiveIncomeNetOfTax $287.19M USD 3 Qtrs

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

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