Varex Imaging Corp

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation $16.9m $26.0m $23.5m $22.3m $20.5m $19.0m $19.5m $21.2m $23.2m
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
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
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
Inventory write-down $0 $3.1m $3.1m $18.1m $3.5m $6.4m $5.6m $4.9m $3.8m
Other, net $1.8m $700k $800k $4.7m $1.3m $4.1m $3.0m $1.5m ($1.1m)
Accounts receivable ($23.1m) $9.0m $14.8m $17.7m ($32.9m) ($18.1m) $9.8m $6.7m $100k
Inventories, net ($4.2m) ($2.4m) ($11.1m) ($42.7m) $42.8m ($85.0m) $20.2m $6.6m ($39.9m)
Prepaid expenses and other assets ($10.1m) $2.0m $4.3m ($9.3m) ($900k) $10.3m $7.0m $3.3m ($3.6m)
Accounts payable $4.9m $5.2m ($9.0m) $14.3m ($13.6m) $19.7m ($15.0m) ($3.2m) $6.2m
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
Deferred revenues ($1.6m) $2.4m ($5.2m) ($2.0m) $600k $0 $2.3m ($2.3m) $5.7m
Loss on settlement of cash flow hedge $0 $0 ($500k) ($200k) $0 $0
Purchase of marketable debt securities $0 $0 ($18.7m) ($52.2m) ($56.6m) ($30.6m)
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
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)
Proceeds from issuance of senior secured notes $0 $0 $126.9m
Repayments of borrowings ($255.0m) ($106.0m) ($87.0m) ($483.9m) ($33.1m) ($29.4m) ($2.4m) ($1.6m) ($201.9m)
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
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
Net cash provided by operating activities $75.2m $85.3m $71.9m $13.2m $92.6m $16.9m $108.4m $47.3m $41.7m
Purchases of property, plant, and equipment ($20.2m) ($20.4m) ($19.8m) ($23.5m) ($15.1m) ($21.3m) ($20.7m) ($26.9m) ($22.9m)
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
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
Payment of debt issuance costs ($11.9m) ($400k) ($500k) ($16.7m) $0 $0 $0 ($2.3m) ($1.2m)
Net cash used in financing activities $263.3m ($90.4m) ($100k) $83.6m ($32.3m) ($23.8m) ($200k) ($3.3m) ($75.9m)
Effects of exchange rate changes on cash and cash equivalents and restricted cash $900k ($500k) ($700k) $900k ($100k) ($200k) $100k ($100k) $600k
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
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