Varian Financial Statements From 2010 to 2023

VAR Stock  USD 177.07  0.00  0.00%   
Varian Medical financial statements provide useful quarterly and yearly information to potential Varian Medical Systems investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Varian Medical financial statements helps investors assess Varian Medical's valuation, profitability, and current liquidity needs.
There are over one hundred eleven available fundamental trend indicators for Varian Medical Systems, which can be analyzed over time and compared to other ratios. Please make sure to double-check Varian Medical's current fundamental performance against the performance between 2010 and 2023 to make sure the trends are evolving in the right direction.
Varian Medical Net Income Per Employee is relatively stable at the moment as compared to the past year. Varian Medical reported last year Net Income Per Employee of 59,476.85. As of 02/02/2023, Revenue Per Employee is likely to grow to about 495.9 K, while Earnings before Tax are likely to drop slightly above 435.5 M.
  
Check Varian Medical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Varian main balance sheet or income statement drivers, such as Direct Expenses of 1.6 B, Consolidated Income of 311.2 M or Cost of Revenue of 1.4 B, as well as many exotic indicators such as Interest Coverage of 106, Long Term Debt to Equity of 0.13 or Calculated Tax Rate of 26.44. Varian financial statements analysis is a perfect complement when working with Varian Medical Valuation or Volatility modules. It can also supplement various Varian Medical Technical models . Also, please take a look at World Market Map.

Varian Medical Revenues

2.75 Billion

Varian Medical Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Assets114.9 M125 M126.5 M
Up
Slightly volatile
Accumulated Retained Earnings Deficit765.6 M962.1 M974.2 M
Up
Pretty Stable
Trade and Non Trade Receivables643.7 M802.6 M790.1 M
Up
Slightly volatile
Property Plant and Equipment Net271.2 M341.3 M347.8 M
Up
Pretty Stable
Trade and Non Trade Payables145.3 M181 M186.1 M
Up
Pretty Stable
Liabilities Non Current434 M402.2 M425.9 M
Up
Pretty Stable
Current Liabilities1.3 B1.5 B1.6 B
Up
Slightly volatile
Total Liabilities1.7 B1.9 BB
Up
Slightly volatile
Investments Non Current4.3 M4.2 M6.4 M
Down
Slightly volatile
Investments Current109.5 M109.6 M99.9 M
Down
Pretty Stable
Investments122.6 M109.6 M103.8 M
Down
Pretty Stable
Inventory621.2 M575.7 M590.7 M
Up
Slightly volatile
Goodwill and Intangible Assets387.8 M359.5 M362.9 M
Up
Slightly volatile
Shareholders Equity USD1.3 B1.6 B1.6 B
Up
Pretty Stable
Shareholders Equity1.5 B1.6 B1.8 B
Up
Pretty Stable
Deferred Revenue602.6 M558.5 M594.3 M
Up
Pretty Stable
Total Debt USD646.6 M599.3 M567.8 M
Up
Slightly volatile
Debt Non Current278.6 M258.2 M282 M
Up
Pretty Stable
Debt Current368 M341.1 M285.8 M
Up
Slightly volatile
Total Debt646.6 M599.3 M567.8 M
Up
Slightly volatile
Cash and Equivalents USD607.4 M759.1 M770.4 M
Up
Pretty Stable
Cash and Equivalents929.7 M970 M808.5 M
Up
Slightly volatile
Assets Non Current1.2 B1.1 B1.1 B
Up
Slightly volatile
Current Assets2.2 B2.4 B2.5 B
Up
Pretty Stable
Total Assets3.2 B3.4 B3.8 B
Up
Pretty Stable
Accounts Payable173.2 M181 M190.1 M
Up
Pretty Stable
Receivables773.4 M802.6 M900.8 M
Up
Slightly volatile
Inventories515 M575.7 M554.7 M
Up
Pretty Stable

Varian Medical Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense124.4 M138.3 M142.8 M
Up
Slightly volatile
Weighted Average Shares Diluted118 M110.4 M100.3 M
Down
Very volatile
Weighted Average Shares116.9 M109.7 M99.5 M
Down
Very volatile
Selling General and Administrative Expense389.8 M486.1 M485.7 M
Up
Slightly volatile
Research and Development Expense246.2 M228.2 M235.8 M
Up
Slightly volatile
Revenues USD2.4 B2.9 BB
Up
Pretty Stable
Revenues2.8 B2.9 BB
Up
Pretty Stable
Operating Income622.3 M633.4 M478.8 M
Up
Very volatile
Operating Expenses578.5 M729.5 M727 M
Up
Slightly volatile
Net Income to Non Controlling Interests502.6 K460 K447.3 K
Down
Slightly volatile
Net Loss Income from Discontinued Operations7.9 M8.7 M9.3 M
Up
Very volatile
Net Income Common Stock USD311 M362.1 M378.8 M
Up
Pretty Stable
Net Income Common Stock311 M362.1 M378.8 M
Up
Pretty Stable
Net Income443.6 M462.6 M361.7 M
Up
Very volatile
Interest Expense11.5 M10.6 M10.1 M
Up
Slightly volatile
Gross ProfitB1.2 B1.2 B
Up
Pretty Stable
Earning Before Interest and Taxes USD443.2 M511 M531.4 M
Up
Pretty Stable
Earning Before Interest and Taxes EBIT443.2 M511 M531.4 M
Up
Pretty Stable
Cost of Revenue1.4 B1.7 B1.7 B
Up
Pretty Stable
Consolidated Income311.2 M362.4 M379.2 M
Up
Pretty Stable
Direct Expenses1.6 B1.7 B1.8 B
Up
Pretty Stable

Varian Medical Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation38.9 M42.7 M45.3 M
Up
Very volatile
Effect of Exchange Rate Changes on Cash (3 M)(3 M)1.8 M
Down
Slightly volatile
Net Cash Flow from Operations471.8 M409.7 M453.8 M
Down
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(7.9 M)(7.3 M)(7.5 M)
Down
Pretty Stable
Issuance Repayment of Debt Securities 162.3 M150.4 M123.1 M
Up
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(2.4 M)(2.3 M)1.4 M
Down
Slightly volatile
Depreciation Amortization and Accretion77.5 M71.8 M71.9 M
Up
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share35.3832.7932.9976
Up
Slightly volatile
Sales per Share28.2230.4431.3933
Up
Slightly volatile
Return on Sales0.180.160.179
Down
Slightly volatile
Return on Invested Capital0.530.390.3813
Down
Pretty Stable
Return on Average Equity27.0826.821.2365
Down
Very volatile
Return on Average Assets13.0112.4810.1063
Down
Pretty Stable
Price to Sales Ratio3.573.392.9365
Up
Slightly volatile
Price to Earnings Ratio28.0327.1222.9449
Up
Slightly volatile
Price to Book Value6.676.145.3625
Up
Pretty Stable
Profit Margin14.5114.3811.7699
Down
Pretty Stable
Gross Margin50.4348.6543.5795
Up
Slightly volatile
Free Cash Flow per Share2.912.613.6517
Down
Slightly volatile
Enterprise Value over EBITDA16.3916.2713.6766
Up
Slightly volatile
Enterprise Value over EBIT18.1518.415.2538
Up
Slightly volatile
Earnings per Basic Share USD3.053.83.867
Up
Pretty Stable
Earnings per Diluted Share4.464.823.6877
Up
Slightly volatile
Earnings per Basic Share4.54.853.7193
Up
Slightly volatile
EBITDA Margin23.2822.5418.2938
Down
Very volatile
Debt to Equity Ratio0.270.340.2449
Up
Slightly volatile
Current Ratio1.971.861.661
Down
Pretty Stable
Book Value per Share18.0316.7117.0589
Up
Slightly volatile
Asset Turnover0.981.00.8493
Up
Very volatile
Total Assets Per Share33.6836.6540.2126
Up
Slightly volatile
Cash Flow Per Share3.663.424.5918
Down
Slightly volatile
Return on Investment30.4927.4522.7801
Down
Pretty Stable
Operating Margin20.4119.6815.6321
Down
Pretty Stable
Calculated Tax Rate26.4424.8626.0373
Down
Pretty Stable
Receivables Turnover4.494.463.6226
Up
Very volatile
Inventory Turnover3.773.413.288
Up
Very volatile
PPandE Turnover8.017.668.7905
Down
Pretty Stable
Cash and Equivalents Turnover3.593.444.1067
Down
Very volatile
Accounts Payable Turnover19.1118.3715.88
Up
Very volatile
Accrued Expenses Turnover11.3311.19.2725
Up
Very volatile
Interest Coverage106103115
Down
Slightly volatile
Long Term Debt to Equity0.130.150.16
Up
Very volatile
Quick Ratio1.361.31.1409
Up
Pretty Stable
Net Current Assets as percentage of Total Assets32.2930.225.6612
Down
Pretty Stable
Revenue to Assets0.950.970.8298
Down
Very volatile

Varian Medical Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital778.8 M901.8 M942.4 M
Up
Pretty Stable
Tangible Asset Value2.5 B3.1 B3.1 B
Up
Pretty Stable
Market CapitalizationB8.4 B8.2 B
Up
Slightly volatile
Invested Capital Average1.6 B1.5 B1.5 B
Up
Slightly volatile
Invested Capital1.5 B1.4 B1.4 B
Up
Slightly volatile
Free Cash Flow246.2 M248.3 M296.3 M
Down
Slightly volatile
Enterprise Value6.8 B8.2 BB
Up
Slightly volatile
Average Equity1.2 B1.5 B1.6 B
Up
Pretty Stable
Earnings before Tax435.5 M500.4 M521.6 M
Up
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization USD499.3 M582.8 M601.8 M
Up
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization EBITDA710.9 M725.2 M561.6 M
Up
Pretty Stable
Average Assets3.7 B3.4 B3.5 B
Up
Slightly volatile
Revenue Per Employee495.9 K475.7 K401.1 K
Up
Pretty Stable
Net Income Per Employee62.1 K59.5 K48.8 K
Down
Very volatile

Varian Fundamental Market Drivers

Forward Price Earnings29.67
Short Percent Of Float3.63%
Average Daily Volume Last 10 Day996.02k
Shares Short Prior Month2.93M
Average Daily Volume In Three Month741.84k
Date Short Interest31st of March 2021
Fifty Day Average176.18
Two Hundred Day Average174.49

Varian Upcoming Events

Upcoming Quarterly Report3rd of May 2021
Next Financial Report2nd of August 2021
Next Fiscal Quarter End31st of March 2021
Next Fiscal Year End26th of October 2021
Last Quarter Report31st of December 2020
Last Financial Announcement31st of March 2020

About Varian Medical Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Varian Medical income statement, its balance sheet, and the statement of cash flows. Varian Medical investors use historical funamental indicators, such as Varian Medical's revenue or net income, to determine how well the company is positioned to perform in the future. Although Varian Medical investors may use each financial statement separately, they are all related. The changes in Varian Medical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Varian Medical's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Varian Medical Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Varian Medical. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue558.5 M602.6 M
Cost of Revenue1.7 B1.4 B
Revenues2.9 B2.8 B
Revenue to Assets 0.97  0.95 
Revenue Per Employee475.7 K495.9 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in Varian Medical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Center Now

   

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios
All  Next Launch Module

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Also, please take a look at World Market Map. Note that the Varian Medical Systems information on this page should be used as a complementary analysis to other Varian Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for Varian Stock analysis

When running Varian Medical Systems price analysis, check to measure Varian Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varian Medical is operating at the current time. Most of Varian Medical's value examination focuses on studying past and present price action to predict the probability of Varian Medical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Varian Medical's price. Additionally, you may evaluate how the addition of Varian Medical to your portfolios can decrease your overall portfolio volatility.
Fundamental Analysis
View fundamental data based on most recent published financial statements
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Is Varian Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Varian Medical. If investors know Varian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Varian Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Varian Medical Systems is measured differently than its book value, which is the value of Varian that is recorded on the company's balance sheet. Investors also form their own opinion of Varian Medical's value that differs from its market value or its book value, called intrinsic value, which is Varian Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Varian Medical's market value can be influenced by many factors that don't directly affect Varian Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Varian Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine Varian Medical value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varian Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.