VAREX IMAGING CORPORATION VREX Income Statement

Varex imaging corporation (VREX)

Income statement / Quarterly

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
Revenues, net
197,000	200,100	202,400	196,700	195,800	185,700	204,800	191,200	201,200	176,200	215,800	170,100	154,800	157,400	172,100	151,400	149,800	146,800
Cost of revenues
139,400	139,000	130,800	136,000	131,400	125,700	145,500	128,200	131,100	114,700	138,200	110,600	97,200	98,600	102,900	88,400	90,700	89,700
Gross margin
57,600	61,100	71,600	60,700	64,400	60,000	59,300	63,000	70,100	61,500	77,600	59,500	57,600	58,800	69,200	63,000	59,100	57,100
Operating expenses:
Research and development
20,900	21,700	19,600	20,900	18,800	18,800	20,800	20,500	22,000	19,700	21,900	17,700	14,400	13,300	13,900	14,000	13,100	12,500
Selling, general and administrative
35,300	34,800	31,800	35,200	30,300	30,800	29,100	35,200	30,900	28,200	29,600	26,300	19,700	26,900	22,400	20,600	20,800	22,000
Impairment of intangible assets
0	-	-	-	800	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
56,200	56,500	55,400	56,100	49,900	49,600	52,900	55,700	52,900	47,900	51,500	44,000	34,100	40,200	36,300	34,600	33,900	34,500
Operating earnings
1,400	4,600	16,200	4,600	14,500	10,400	6,400	7,300	17,200	13,600	26,100	15,500	23,500	18,600	32,900	28,400	25,200	22,600
Interest income
100	-	-	0	100	-	100	0	0	100	0	100	0	100	0	100	100	100
Interest expense
4,600	5,400	5,400	5,100	5,500	5,100	5,200	5,400	5,600	5,500	6,500	4,200	1,000	600	700	400	500	300
Other income (expense), net
2,000	-400	-600	-100	-1,300	-1,200	-1,000	700	4,100	-1,100	-1,300	4,400	-100	200	-400	-1,000	100	-1,200
Interest and other expense, net
-2,500	-5,800	-6,000	-5,200	-6,700	-6,300	-6,100	-4,700	-1,500	-6,500	-7,800	300	-1,100	-300	-1,100	-1,300	-300	-1,400
(Loss) earnings before taxes
-1,100	-1,200	10,200	-600	7,800	4,100	300	2,600	15,700	7,100	18,300	15,800	22,400	18,300	31,800	27,100	24,900	21,200
Taxes on earnings
700	0	2,000	700	1,900	1,100	-400	-1,300	3,400	-4,300	3,200	5,100	7,400	7,100	9,600	9,300	10,100	7,000
Net (loss) earnings
-1,800	-1,200	8,200	-1,300	5,900	3,000	700	3,900	12,300	11,400	15,100	10,700	15,000	11,200	22,200	17,800	14,800	14,200
Less: Net earnings attributable to noncontrolling interests
100	100	100	100	100	0	500	100	100	100	200	100	0	100	100	200	100	100
Net (loss) earnings attributable to Varex
-1,900	-1,300	8,100	-1,400	5,800	3,000	200	3,800	12,200	11,300	14,900	10,600	15,000	11,100	22,100	17,600	14,700	14,100
Net (loss) earnings per common share attributable to Varex
Basic (in USD per share)
-0.05	-0.03	0.22	-0.04	0.15	0.08	0.01	0.10	0.32	0.30	0.39	0.28	0.40	0.30	-	0.47	0.39	-
Diluted (in USD per share)
-0.05	-0.03	0.21	-0.04	0.15	0.08	0.00	0.10	0.32	0.30	0.39	0.28	0.40	0.29	-	0.47	0.39	-
Weighted average common shares outstanding
Basic (in shares)
38,600	38,500	38,200	38,300	38,200	38,100	38,200	37,900	37,800	37,700	37,900	37,600	37,500	37,400	-	37,400	37,400	-
Diluted (in shares)
38,600	38,500	39,300	38,300	38,500	38,300	38,600	38,400	38,400	38,200	38,500	38,000	37,800	37,700	-	37,700	37,700	-