← Varex Imaging Corp
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | $16.9m | $26.0m | $23.5m | $22.3m | $20.5m | $19.0m | $19.5m | $21.2m | $23.2m | $22.8m | |
| Amortization of intangible assets | $10.5m | $16.2m | $15.7m | $17.2m | $16.8m | $14.6m | $13.7m | $9.9m | $4.0m | — | |
| Amortization of deferred loan costs | $1.8m | $2.3m | $2.4m | $5.1m | $10.0m | $10.9m | $2.6m | $2.8m | $2.7m | — | |
| Deferred taxes | ($8.9m) | ($7.7m) | ($12.9m) | ($3.1m) | ($3.0m) | $600k | ($39.5m) | $37.0m | ($500k) | — | |
| Share-based compensation expense | $8.4m | $10.0m | $11.7m | $13.4m | $13.9m | $14.0m | $13.5m | $15.3m | $15.0m | $14.9m | |
| Impairment of equity method investment | — | — | — | — | $0 | $0 | $16.4m | $0 | $0 | — | |
| Impairment of goodwill | — | — | — | — | — | — | $0 | $0 | $93.9m | — | |
| Loss from equity method investments | ($1.3m) | ($3.9m) | $2.3m | $1.3m | $3.0m | $2.6m | $1.6m | $2.0m | $2.7m | — | |
| Accounts receivable | ($23.1m) | $9.0m | $14.8m | $17.7m | ($32.9m) | ($18.1m) | $9.8m | $6.7m | $100k | ($3.7m) | |
| Inventory write-down | $0 | $3.1m | $3.1m | $18.1m | $3.5m | $6.4m | $5.6m | $4.9m | $3.8m | — | |
| Inventories, net | ($4.2m) | ($2.4m) | ($11.1m) | ($42.7m) | $42.8m | ($85.0m) | $20.2m | $6.6m | ($39.9m) | — | |
| Accounts payable | $4.9m | $5.2m | ($9.0m) | $14.3m | ($13.6m) | $19.7m | ($15.0m) | ($3.2m) | $6.2m | $22.9m | |
| Purchases of property, plant, and equipment financed through accounts payable | $4.0m | $2.0m | $1.8m | $1.6m | $1.5m | $1.5m | $2.7m | $1.0m | $5.4m | — | |
| Accrued liabilities and other current and long-term liabilities | $28.1m | ($10.2m) | $10.9m | $8.1m | $12.2m | ($14.9m) | ($1.0m) | ($9.1m) | $100k | ($18.4m) | |
| Deferred revenues | ($1.6m) | $2.4m | ($5.2m) | ($2.0m) | $600k | $0 | $2.3m | ($2.3m) | $5.7m | — | |
| Prepaid expenses and other assets | ($10.1m) | $2.0m | $4.3m | ($9.3m) | ($900k) | $10.3m | $7.0m | $3.3m | ($3.6m) | — | |
| Net cash provided by operating activities | $75.2m |
$85.3m
+13.43%
|
$71.9m
-15.71%
|
$13.2m
-81.64%
|
$92.6m
+601.52%
|
$16.9m
-81.75%
|
$108.4m
+541.42%
|
$47.3m
-56.37%
|
$41.7m
-11.84%
|
($2.0m)
-104.80%
|
|
| Purchases of property, plant, and equipment | ($20.2m) | ($20.4m) | ($19.8m) | ($23.5m) | ($15.1m) | ($21.3m) | ($20.7m) | ($26.9m) | ($22.9m) | — | |
| Proceeds from sales of marketable debt securities | — | — | — | — | — | — | $0 | $0 | $11.5m | — | |
| Proceeds from maturities of marketable debt securities | — | — | — | $0 | $0 | $2.0m | $28.3m | $58.8m | $50.5m | — | |
| Purchase of marketable debt securities | — | — | — | $0 | $0 | ($18.7m) | ($52.2m) | ($56.6m) | ($30.6m) | — | |
| Acquisitions of businesses, net of cash acquired | ($271.8m) | ($4.8m) | ($69.5m) | ($1.6m) | $0 | $0 | ($1.0m) | $900k | $0 | — | |
| Net cash provided by (used in) investing activities | ($292.0m) | ($25.2m) | ($93.2m) | ($26.9m) | ($16.2m) | ($48.4m) | ($44.9m) | ($27.5m) | $10.3m | ($12.2m) | |
| Repayments of borrowings | ($255.0m) | ($106.0m) | ($87.0m) | ($483.9m) | ($33.1m) | ($29.4m) | ($2.4m) | ($1.6m) | ($201.9m) | — | |
| Payment of debt issuance costs | ($11.9m) | ($400k) | ($500k) | ($16.7m) | $0 | $0 | $0 | ($2.3m) | ($1.2m) | — | |
| Taxes related to net share settlement of equity awards | ($1.9m) | ($2.3m) | ($2.1m) | ($1.8m) | ($1.5m) | ($2.8m) | ($1.4m) | ($2.2m) | ($1.9m) | — | |
| Net cash used in financing activities | $263.3m |
($90.4m)
-134.33%
|
($100k)
+99.89%
|
$83.6m
+83700.00%
|
($32.3m)
-138.64%
|
($23.8m)
+26.32%
|
($200k)
+99.16%
|
($3.3m)
-1550.00%
|
($75.9m)
-2200.00%
|
($231.0m)
-204.35%
|
|
| Net (decrease) increase in cash and cash equivalents and restricted cash | $47.4m | ($30.8m) | ($22.1m) | $70.8m | $44.0m | ($55.5m) | $63.4m | $16.4m | ($23.3m) | — | |
| Cash and cash equivalents and restricted cash at beginning of period | $84.2m | $53.4m | $31.3m | $102.1m | $146.1m | $90.6m | $154.0m | $170.4m | $147.1m | — | |
| Effects of exchange rate changes on cash and cash equivalents and restricted cash | $900k | ($500k) | ($700k) | $900k | ($100k) | ($200k) | $100k | ($100k) | $600k | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Net (loss) income | $52.0m | $28.3m | $15.8m | ($57.4m) | $17.9m | $30.8m | $48.7m | ($47.2m) | ($69.9m) | — | |
| Gain on purchase of business | — | — | — | — | — | $0 | $0 | ($2.1m) | $0 | — | |
| Other, net | $1.8m | $700k | $800k | $4.7m | $1.3m | $4.1m | $3.0m | $1.5m | ($1.1m) | — | |
| Loss on settlement of cash flow hedge | — | — | — | $0 | $0 | ($500k) | ($200k) | $0 | $0 | — | |
| Purchase of marketable equity securities | — | — | — | $0 | $0 | ($2.4m) | ($2.7m) | ($200k) | $0 | — | |
| Purchase of certificates of deposit | — | — | — | $0 | $0 | ($7.2m) | ($1.0m) | ($4.2m) | $0 | — | |
| Proceeds from maturities of certificates of deposit | — | — | — | — | — | $0 | $0 | $1.8m | $3.4m | — | |
| Settlement of net investment hedge | — | — | — | — | $0 | $0 | $7.0m | $0 | $800k | — | |
| Proceeds from issuance of senior secured notes | — | — | — | — | — | — | $0 | $0 | $126.9m | — | |
| Proceeds from exercise of stock options | $2.8m | $3.8m | $800k | $1.5m | $0 | $3.8m | $200k | $0 | $0 | — | |
| Proceeds from shares issued under employee stock purchase plan | $0 | $3.3m | $3.8m | $3.6m | $2.8m | $4.9m | $3.9m | $3.8m | $3.3m | — | |
| Cash paid for interest | $9.8m | $19.3m | $19.9m | $16.7m | $21.6m | $29.5m | $27.4m | $27.6m | $31.3m | — | |
| Income taxes paid, net of refunds | $6.0m | $13.8m | $8.2m | $4.2m | $14.1m | $2.2m | $16.7m | $20.2m | $18.6m | — |