Varex Imaging Corporation (VREX) financial statements (2021 and earlier)

Company profile

Business Address 1678 S. PIONEER ROAD
SALT LAKE CITY, UT 84104
State of Incorp. DE
Fiscal Year End September 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106101305283
Cash and cash equivalents106101305283
Receivables121124141154164
Inventory, net of allowances, customer advances and progress billings270272248235235
Inventory270272248235235
Other undisclosed current assets2626191714
Total current assets:523522438458495
Noncurrent Assets
Finance lease, right-of-use asset11 
Operating lease, right-of-use asset2628 
Property, plant and equipment  142145148
Long-term investments and receivables5051545152
Long-term investments5051545152
Intangible assets, net (including goodwill)360361377317333
Goodwill295293291244242
Intangible assets, net (excluding goodwill)6568867491
Deferred income tax assets 1 
Other noncurrent assets3432281711
Other undisclosed noncurrent assets144145   
Total noncurrent assets:615618601530545
TOTAL ASSETS:1,1371,1401,0399881,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136143134114121
Accounts payable6873586659
Accrued liabilities6771764862
Deferred revenue8911
Debt33312520
Deferred revenue and credits11
Other undisclosed current liabilities66 13 
Total current liabilities:153161175152152
Noncurrent Liabilities
Long-term debt and lease obligation480476364365464
Long-term debt, excluding current maturities458453364365464
Operating lease, liability2223 
Liabilities, other than long-term debt41374195
Deferred income tax liabilities228
Other liabilities39353395
Other undisclosed noncurrent liabilities   2330
Total noncurrent liabilities:520513405397498
Total liabilities:673674580549650
Temporary equity, carrying amount  111111
Stockholders' equity
Stockholders' equity attributable to parent450452445426379
Common stock 0000
Additional paid in capital439434372358343
Accumulated other comprehensive income (loss)11(2)61
Retained earnings1016746235
Other undisclosed stockholders' equity attributable to parent0    
Stockholders' equity attributable to noncontrolling interest141432 
Total stockholders' equity:464466448428379
TOTAL LIABILITIES AND EQUITY:1,1371,1401,0399881,040

Income statement (P&L) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues715738781773698
Cost of revenue(529)(548)(524)(520)(445)
Cost of goods and services sold(404)(18)(3)(3) 
Gross profit:186190257254254
Operating expenses(219)(224)(211)(209)(170)
Operating income (loss):(32)(34)464584
Nonoperating expense(44)(39)(24)(19)(9)
Other nonoperating income (expense)(8)(8)(3)33
Interest and debt expense(36)(31)(21)(22)(12)
Income (loss) from continuing operations before equity method investments, income taxes:(112)(104)0463
Other undisclosed income from continuing operations before income taxes3631212212
Income (loss) from continuing operations before income taxes:(76)(73)222675
Income tax expense (benefit)1415(6)3(23)
Net income (loss):(63)(57)162852
Net loss attributable to noncontrolling interest(1)(1)(0)(1)(0)
Net income (loss) available to common stockholders, diluted:(63)(58)162852

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net income (loss):(63)(57)162852
Other comprehensive income (loss)43(8)51
Comprehensive income (loss):(59)(55)83353
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(60)(55)83352

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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