VARIAN MEDICAL SYSTEMS, INC. VAR Balance Sheet

Varian medical systems, inc. (VAR)

Balance Sheet / Yearly

Apr'20	Jan'20	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Sep'08
Assets
Current assets:
Cash and cash equivalents
667	721	531	520	546	616	504	536	739	822	716	658	705	814	811	835	961	953	845	951	862	904	849	925	938	971	1,117	765	739	755	704	633	616	606	564	567	584	703	520	587	654	625	553	471	397
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	0	0	0	95	-	-	-	0	71	70	68	66	60	79	73	62	59	56	51	49	47	31	25	19	-	-	-	0	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-
Trade and unbilled receivables, net of allowance for doubtful accounts of $48.9 and $46.5 at April 3, 2020 and September 27, 2019, respectively
1,004	1,079	1,106	1,054	1,029	989	1,009	933	936	880	961	747	761	801	769	840	852	768	770	673	707	663	731	747	786	708	698	655	722	637	691	608	637	577	635	581	564	496	591	514	497	507	580	469	486
Inventories
604	597	551	529	478	469	438	469	433	431	417	460	453	661	442	682	653	613	612	640	651	630	572	586	561	561	535	536	502	499	457	464	444	444	409	438	422	402	363	390	371	350	321	358	282
Prepaid expenses and other current assets
224	248	206	237	207	223	233	249	226	206	190	173	206	143	141	187	177	174	164	187	177	164	148	183	175	172	168	185	189	168	150	150	136	140	111	130	117	106	87	96	97	95	71	60	78
Current assets of discontinued operations
-	-	-	0	0	2	2	4	8	11	11	18	13	-	355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	18
Total current assets
2,500	2,647	2,395	2,341	2,261	2,300	2,188	2,193	2,345	2,351	2,296	2,058	2,141	2,421	2,615	2,546	2,773	2,640	2,393	2,648	2,590	2,552	2,494	2,624	2,678	2,606	2,704	2,317	2,326	2,228	2,170	2,017	1,980	1,907	1,854	1,837	1,806	1,827	1,681	1,697	1,729	1,723	1,672	1,493	1,394
Property, plant and equipment, net
341	330	311	307	268	270	274	265	247	250	255	249	252	375	258	372	374	372	379	343	334	335	337	328	325	321	315	306	302	298	296	287	282	280	285	283	281	277	267	261	258	258	264	260	218
Operating lease right-of-use assets
123	114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
614	612	612	566	309	310	293	239	236	223	222	220	217	291	220	282	283	281	283	241	232	237	240	236	226	226	225	222	222	223	222	224	214	213	212	216	214	206	208	203	207	210	210	207	209
Intangible assets
281	290	300	273	90	97	101	79	82	65	71	74	76	99	84	-	-	-	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
93	85	84	93	94	102	102	106	114	112	147	141	138	150	136	117	128	130	119	124	120	121	125	121	137	118	122	114	115	115	115	113	113	113	113	118	118	118	118	108	108	143	144	130	130
Other assets
387	370	397	384	365	289	292	287	282	296	300	309	287	346	227	439	434	431	331	297	301	270	284	285	244	236	223	212	210	187	189	189	186	179	145	176	166	159	166	156	154	165	161	166	150
Non-current assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	5	5	-	272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3
Total assets
4,343	4,450	4,101	3,967	3,390	3,370	3,252	3,171	3,307	3,299	3,294	3,059	3,118	3,684	3,814	3,759	3,866	3,726	3,578	3,531	3,459	3,396	3,357	3,474	3,475	3,391	3,468	3,059	3,062	2,938	2,878	2,717	2,663	2,581	2,498	2,513	2,469	2,470	2,323	2,318	2,349	2,357	2,308	2,127	1,975
Liabilities and Equity
Current liabilities:
Accounts payable
198	215	248	226	208	198	190	189	164	152	162	153	144	174	159	180	174	173	202	180	164	142	187	173	170	176	194	176	179	145	180	147	142	129	154	119	122	120	119	105	111	103	116	88	105
Accrued liabilities
433	471	459	433	352	396	419	379	365	350	374	354	345	383	383	365	353	352	347	292	285	304	371	315	370	309	320	270	293	306	336	284	273	272	290	300	267	266	287	227	252	275	304	239	252
Deferred revenues
798	817	766	749	757	738	729	790	766	772	755	643	642	633	608	530	520	502	668	467	447	433	421	418	418	389	389	153	149	132	369	126	142	142	140	131	142	127	141	125	131	154	130	124	141
Advance payments from customers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140	164	176	-	161	182	182	170	174	169	153	160	406	382	396	141	353	339	318	299	316	304	288	275	280	266	253	226	249	201
Product warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	41	44	-	48	49	48	39	50	51	50	52	49	48	48	50	51	50	52	53	49	49	50	50	46	51
Short-term borrowings
520	542	410	400	-	-	0	18	230	340	350	64	219	270	329	351	431	333	108	94	100	100	0	29	-	-	-	174	231	200	155	168	149	175	181	-	119	0	20	-	-	4	4	-	0
Current maturities of long-term debt
-	-	-	1	-	-	-	-	-	-	-	49	49	61	49	50	50	50	50	50	50	50	50	50	56	56	56	-	-	-	0	0	6	6	9	11	10	7	5	5	6	9	9	9	7
Current liabilities of discontinued operations
-	-	-	-	-	-	-	2	3	2	2	7	3	-	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	21
Total current liabilities
1,949	2,046	1,884	1,809	1,318	1,333	1,339	1,379	1,530	1,616	1,645	1,273	1,405	1,524	1,613	1,617	1,694	1,589	1,376	1,288	1,270	1,256	1,201	1,209	1,234	1,133	1,160	1,231	1,288	1,231	1,236	1,130	1,101	1,092	1,125	931	1,018	863	903	795	818	851	842	757	781
Long-term lease liabilities
100	93	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	249	277	274	286	300	312	345	337	350	362	375	387	400	412	425	450	0	6	6	6	6	6	6	6	6	12	16	17	17	23	23	23	23	32
Other long-term liabilities
423	453	440	400	331	355	324	291	320	292	127	141	143	146	155	139	155	150	138	149	147	146	151	150	149	133	144	143	138	123	126	118	119	123	122	121	122	123	127	118	115	128	130	117	134
Non-current liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	0	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
2,473	2,593	2,324	2,210	1,650	1,688	1,664	1,670	1,850	1,908	1,772	1,664	1,826	1,945	2,060	2,057	2,162	2,084	1,852	1,788	1,781	1,778	1,740	1,759	1,796	1,691	1,754	1,375	1,434	1,361	1,368	1,254	1,227	1,221	1,254	1,059	1,153	1,002	1,048	931	956	1,003	996	898	948
Commitments and contingencies (Note 8)
-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-	-	-	-	0	-
Redeemable noncontrolling interests of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	0	10	10	10	10	10	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity:
Preferred stock of $1 par value: 1.0 shares authorized; none issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock of $1 par value: 189.0 shares authorized; 90.7 and 90.8 shares issued and outstanding at April 3, 2020 and September 27, 2019, respectively
90	90	90	91	91	91	91	91	91	91	91	91	91	93	93	94	95	95	98	99	100	100	100	103	104	105	106	107	108	109	109	110	111	112	112	117	116	119	118	121	123	124	125	125	125
Capital in excess of par value
878	870	845	831	813	799	778	771	754	740	716	698	667	694	678	659	659	659	682	698	687	659	642	661	650	638	637	634	628	609	563	568	570	530	500	596	528	606	508	533	528	521	516	501	468
Retained earnings
993	983	934	890	902	855	780	704	664	620	778	693	638	1,049	1,069	1,018	1,016	962	1,017	1,016	975	927	931	989	961	992	1,010	995	945	909	893	834	798	767	677	768	701	783	686	772	773	735	696	620	451
Accumulated other comprehensive loss
-101	-97	-102	-69	-71	-69	-65	-70	-58	-65	-68	-94	-109	-113	-100	-84	-80	-90	-86	-86	-88	-70	-58	-38	-37	-35	-40	-53	-54	-51	-56	-51	-44	-51	-46	-28	-31	-41	-37	-40	-32	-26	-26	-18	-18
Total Varian stockholders' equity
1,860	1,847	1,768	1,743	1,735	1,677	1,584	1,497	1,452	1,386	1,517	1,390	1,288	1,724	1,740	1,688	1,689	1,627	1,711	1,728	1,674	1,616	1,616	1,714	1,679	1,699	1,713	1,683	1,627	1,576	1,509	1,463	1,435	1,359	1,243	1,454	1,315	1,468	1,275	1,387	1,393	1,354	1,311	1,229	1,027
Noncontrolling interest
9	10	9	13	4	5	4	4	4	4	4	4	4	4	3	3	3	3	14	14	4	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
1,870	1,857	1,777	1,757	1,740	1,682	1,588	1,501	1,456	1,391	1,521	1,394	1,292	1,729	1,744	1,691	1,693	1,631	1,726	1,742	1,678	1,617	1,616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and equity
4,343	4,450	4,101	3,967	3,390	3,370	3,252	3,171	3,307	3,299	3,294	3,059	3,118	3,684	3,814	3,759	3,866	3,726	3,578	3,531	3,459	3,396	3,357	3,474	3,475	3,391	3,468	3,059	3,062	2,938	2,878	2,717	2,663	2,581	2,498	2,513	2,469	2,470	2,323	2,318	2,349	2,357	2,308	2,127	1,975