10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001681622-17-000002 |
| Period End Date | 20161231 |
| Filing Date | 20170303 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | var-20161230.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$34.70M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$36.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$53.90M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$122.20M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$111.50M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$197.40M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$204.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.20M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.80M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$375.60M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$359.90M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$122.10M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$108.90M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$74.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$74.70M | USD | Point-in-time |
| Investments in privately-held companies |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$49.60M | USD | Point-in-time |
| Investments in privately-held companies |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$49.30M | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$5.50M | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$400.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$24.10M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$22.70M | USD | Point-in-time |
| Total assets |
Assets
|
$645.10M | USD | Point-in-time |
| Total assets |
Assets
|
$622.40M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$39.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$41.90M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$24.90M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$23.90M | USD | Point-in-time |
| Deferred revenues |
DeferredRevenueCurrent
|
$11.50M | USD | Point-in-time |
| Deferred revenues |
DeferredRevenueCurrent
|
$12.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$76.10M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$77.80M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$8.30M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$5.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$81.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$86.10M | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 12) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Redeemable noncontrolling interests |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$10.30M | USD | Point-in-time |
| Redeemable noncontrolling interests |
RedeemableNoncontrollingInterestEquityCarryingAmount
|
$10.30M | USD | Point-in-time |
| Net parent investment |
ParentCompanyInvestment
|
$526.00M | USD | Point-in-time |
| Net parent investment |
ParentCompanyInvestment
|
$553.70M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$553.70M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$526.00M | USD | Point-in-time |
| Total liabilities, redeemable noncontrolling interests and equity |
LiabilitiesAndStockholdersEquity
|
$622.40M | USD | Point-in-time |
| Total liabilities, redeemable noncontrolling interests and equity |
LiabilitiesAndStockholdersEquity
|
$645.10M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$157.40M | USD | 1 Quarter |
| Revenues |
Revenues
|
$146.80M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$89.70M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$98.60M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$58.80M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$57.10M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$13.30M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$12.50M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$26.90M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$22.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$40.20M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$34.50M | USD | 1 Quarter |
| Operating earnings |
OperatingIncomeLoss
|
$18.60M | USD | 1 Quarter |
| Operating earnings |
OperatingIncomeLoss
|
$22.60M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$100.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$100.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$300.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$600.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-1.20M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$200.00K | USD | 1 Quarter |
| Interest and other income (expense), net |
NonoperatingIncomeExpense
|
$-300.00K | USD | 1 Quarter |
| Interest and other income (expense), net |
NonoperatingIncomeExpense
|
$-1.40M | USD | 1 Quarter |
| Earnings before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$21.20M | USD | 1 Quarter |
| Earnings before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$18.30M | USD | 1 Quarter |
| Taxes on earnings |
IncomeTaxExpenseBenefit
|
$7.10M | USD | 1 Quarter |
| Taxes on earnings |
IncomeTaxExpenseBenefit
|
$7.00M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$11.20M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$14.20M | USD | 1 Quarter |
| Less: Net earnings attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$100.00K | USD | 1 Quarter |
| Less: Net earnings attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$100.00K | USD | 1 Quarter |
| Net earnings attributable to Varex |
NetIncomeLoss
|
$14.10M | USD | 1 Quarter |
| Net earnings attributable to Varex |
NetIncomeLoss
|
$11.10M | USD | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
ProfitLoss
|
$11.20M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$14.20M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$2.10M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$2.30M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.10M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$2.50M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$1.50M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$1.30M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$5.20M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.20M | USD | 1 Quarter |
| (Income) loss from equity method investments |
IncomeLossFromEquityMethodInvestments
|
$100.00K | USD | 1 Quarter |
| (Income) loss from equity method investments |
IncomeLossFromEquityMethodInvestments
|
$-800.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-600.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-200.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$5.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-9.90M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$6.70M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.70M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$2.40M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-600.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-1.90M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$800.00K | USD | 1 Quarter |
| Accrued liabilities and other long-term liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-8.90M | USD | 1 Quarter |
| Accrued liabilities and other long-term liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-2.40M | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$-600.00K | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$-500.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$19.20M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$6.10M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$10.50M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.00M | USD | 1 Quarter |
| Sale of available-for-sale securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$8.60M | USD | 1 Quarter |
| Sale of available-for-sale securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
- | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-700.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.90M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.30M | USD | 1 Quarter |
| Net transfers from (to) parent |
ProceedsFromContributionsFromParent
|
$9.50M | USD | 1 Quarter |
| Net transfers from (to) parent |
ProceedsFromContributionsFromParent
|
$1.80M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$9.50M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.80M | USD | 1 Quarter |
| Effects of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$400.00K | USD | 1 Quarter |
| Effects of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$700.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$14.10M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$17.40M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$34.70M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$36.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.60M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$53.90M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$34.70M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$36.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.60M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$53.90M | USD | Point-in-time |
| Purchases of property, plant and equipment financed through accounts payable |
FairValueOfAssetsAcquired
|
$2.60M | USD | 1 Quarter |
| Purchases of property, plant and equipment financed through accounts payable |
FairValueOfAssetsAcquired
|
$3.60M | USD | 1 Quarter |
| Transfers of property, plant and equipment from Varian |
ContributionOfProperty
|
$12.30M | USD | 1 Quarter |
| Transfers of property, plant and equipment from Varian |
ContributionOfProperty
|
- | USD | 1 Quarter |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Unrealized holding gain on securities arising during period, Ttx |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-100.00K | USD | 1 Quarter |
| Unrealized holding gain on securities arising during period, Ttx |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
- | USD | 1 Quarter |
| Reclassification adjustment from AOCI for write-down of securities, tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax
|
$-200.00K | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$11.20M | USD | 1 Quarter |
| Reclassification adjustment from AOCI for write-down of securities, tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax
|
- | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$14.20M | USD | 1 Quarter |
| Change in unrealized loss, net of tax benefit of $0 and $0.1 in 2017 and 2016, respectively |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Change in unrealized loss, net of tax benefit of $0 and $0.1 in 2017 and 2016, respectively |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-300.00K | USD | 1 Quarter |
| Reclassification adjustments, net of tax expense of $0 and ($0.2) in 2017 and 2016, respectively |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
- | USD | 1 Quarter |
| Reclassification adjustments, net of tax expense of $0 and ($0.2) in 2017 and 2016, respectively |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-400.00K | USD | 1 Quarter |
| Other comprehensive earnings, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
- | USD | 1 Quarter |
| Other comprehensive earnings, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$100.00K | USD | 1 Quarter |
| Comprehensive earnings |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$11.20M | USD | 1 Quarter |
| Comprehensive earnings |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$14.30M | USD | 1 Quarter |
| Less: Comprehensive earnings attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$100.00K | USD | 1 Quarter |
| Less: Comprehensive earnings attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$100.00K | USD | 1 Quarter |
| Comprehensive earnings attributable to Varex |
ComprehensiveIncomeNetOfTax
|
$14.20M | USD | 1 Quarter |
| Comprehensive earnings attributable to Varex |
ComprehensiveIncomeNetOfTax
|
$11.10M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.