Varex Imaging Corp
For the period ended Mar 29, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed May 2, 2024
VREX$18.45+0.1%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
| (In millions, except share and per share amounts) | March 29, 2024 | September 29, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $141.8 | $152.6 |
| Marketable securities | 47.1 | 41.3 |
| Accounts receivable, net of allowance for credit losses of $0.7 million and $0.6 million at March 29, 2024 and September 29, 2023, respectively | 151.5 | 163.6 |
| Inventories | 286.1 | 277.5 |
| Prepaid expenses and other current assets | 25.4 | 23.3 |
| Total current assets | 651.9 | 658.3 |
| Property, plant, and equipment, net | 147.7 | 143.6 |
| Goodwill | 289.3 | 288.5 |
| Intangible assets, net | 18.2 | 22.4 |
| Investments in privately-held companies | 28.9 | 29.0 |
| Deferred tax assets | 47.8 | 41.3 |
| Operating lease assets | 29.5 | 29.0 |
| Other assets | 38.4 | 37.5 |
| Total assets | $1,251.7 | $1,249.6 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $69.4 | $64.7 |
| Accrued liabilities and other current liabilities | 69.4 | 82.6 |
| Current operating lease liabilities | 3.8 | 3.8 |
| Current maturities of long-term debt | 1.5 | 1.5 |
| Deferred revenues | 10.0 | 10.2 |
| Total current liabilities | 154.1 | 162.8 |
| Long-term debt, net | 441.4 | 441.1 |
| Operating lease liabilities | 23.9 | 23.1 |
| Other long-term liabilities | 42.1 | 41.6 |
| Total liabilities | 661.5 | 668.6 |
| Stockholders' equity: | ||
| Preferred stock, $.01 par value: 20,000,000 shares authorized, none issued | — | — |
| Common stock, $.01 par value: 150,000,000 shares authorized | ||
| Shares issued and outstanding: 40,855,981 and 40,529,573 at March 29, 2024 and September 29, 2023, respectively | 0.4 | 0.4 |
| Additional paid-in capital | 458.4 | 450.4 |
| Accumulated other comprehensive loss | (1.7) | (1.2) |
| Retained earnings | 119.0 | 118.1 |
| Total Varex stockholders' equity | 576.1 | 567.7 |
| Noncontrolling interests | 14.1 | 13.3 |
| Total stockholders' equity | 590.2 | 581.0 |
| Total liabilities and stockholders' equity | $1,251.7 | $1,249.6 |
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