Varex Imaging Corp
NASDAQ:VREX
Income Statement
Earnings Waterfall
Varex Imaging Corp
Revenue
|
877.8m
USD
|
Cost of Revenue
|
-593.7m
USD
|
Gross Profit
|
284.1m
USD
|
Operating Expenses
|
-232.2m
USD
|
Operating Income
|
51.9m
USD
|
Other Expenses
|
-7.3m
USD
|
Net Income
|
44.6m
USD
|
Income Statement
Varex Imaging Corp
Jul-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Dec-2021 | Apr-2022 | Jul-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||
Revenue |
608
N/A
|
620
+2%
|
631
+2%
|
636
+1%
|
654
+3%
|
698
+7%
|
717
+3%
|
763
+6%
|
784
+3%
|
773
-1%
|
783
+1%
|
778
-1%
|
783
+1%
|
781
0%
|
795
+2%
|
796
+0%
|
771
-3%
|
738
-4%
|
715
-3%
|
722
+1%
|
762
+6%
|
818
+7%
|
840
+3%
|
851
+1%
|
854
+0%
|
859
+1%
|
866
+1%
|
880
+2%
|
897
+2%
|
893
0%
|
878
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||
Cost of Revenue |
(369)
|
(372)
|
(381)
|
(387)
|
(409)
|
(445)
|
(461)
|
(494)
|
(512)
|
(520)
|
(531)
|
(531)
|
(539)
|
(524)
|
(537)
|
(544)
|
(552)
|
(544)
|
(525)
|
(525)
|
(518)
|
(546)
|
(561)
|
(566)
|
(570)
|
(576)
|
(584)
|
(596)
|
(611)
|
(603)
|
(594)
|
|
Gross Profit |
240
N/A
|
248
+4%
|
250
+1%
|
249
-1%
|
245
-1%
|
254
+3%
|
256
+1%
|
269
+5%
|
272
+1%
|
254
-7%
|
252
-1%
|
247
-2%
|
244
-1%
|
257
+5%
|
258
+1%
|
252
-2%
|
219
-13%
|
194
-11%
|
190
-2%
|
197
+3%
|
243
+24%
|
272
+12%
|
279
+3%
|
285
+2%
|
284
0%
|
284
0%
|
282
-1%
|
284
+1%
|
287
+1%
|
290
+1%
|
284
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||
Operating Expenses |
(137)
|
(137)
|
(145)
|
(145)
|
(155)
|
(170)
|
(177)
|
(196)
|
(208)
|
(209)
|
(211)
|
(207)
|
(204)
|
(206)
|
(213)
|
(219)
|
(217)
|
(212)
|
(207)
|
(200)
|
(198)
|
(197)
|
(193)
|
(188)
|
(191)
|
(192)
|
(195)
|
(208)
|
(209)
|
(213)
|
(232)
|
|
Selling, General & Administrative |
(82)
|
(84)
|
(91)
|
(90)
|
(95)
|
(103)
|
(103)
|
(115)
|
(124)
|
(126)
|
(129)
|
(128)
|
(124)
|
(128)
|
(132)
|
(136)
|
(135)
|
(133)
|
(133)
|
(129)
|
(127)
|
(125)
|
(120)
|
(115)
|
(116)
|
(115)
|
(116)
|
(124)
|
(126)
|
(128)
|
(131)
|
|
Research & Development |
(55)
|
(54)
|
(54)
|
(56)
|
(59)
|
(67)
|
(74)
|
(81)
|
(84)
|
(83)
|
(82)
|
(79)
|
(79)
|
(78)
|
(81)
|
(83)
|
(81)
|
(79)
|
(74)
|
(71)
|
(71)
|
(72)
|
(73)
|
(74)
|
(75)
|
(77)
|
(79)
|
(83)
|
(83)
|
(85)
|
(85)
|
|
Other Operating Expenses |
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
|
(16)
|
|
Operating Income |
102
N/A
|
111
+9%
|
105
-5%
|
104
-2%
|
91
-12%
|
84
-8%
|
79
-5%
|
73
-8%
|
65
-11%
|
45
-31%
|
41
-7%
|
39
-5%
|
41
+3%
|
51
+24%
|
46
-10%
|
33
-27%
|
2
-94%
|
(17)
N/A
|
(16)
+6%
|
(3)
+79%
|
45
N/A
|
75
+66%
|
86
+15%
|
97
+12%
|
94
-3%
|
92
-2%
|
87
-5%
|
76
-13%
|
77
+2%
|
77
0%
|
52
-33%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(4)
|
(2)
|
(3)
|
(7)
|
(9)
|
(17)
|
(22)
|
(23)
|
(19)
|
(21)
|
(21)
|
(21)
|
(25)
|
(26)
|
(25)
|
(26)
|
(37)
|
(36)
|
(42)
|
(46)
|
(46)
|
(42)
|
(42)
|
(41)
|
(44)
|
(37)
|
(32)
|
(29)
|
(28)
|
(24)
|
|
Non-Reccuring Items |
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(19)
|
(16)
|
(14)
|
(11)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
(16)
|
0
|
|
Total Other Income |
(2)
|
0
|
(1)
|
(1)
|
4
|
0
|
1
|
6
|
2
|
0
|
3
|
(3)
|
(4)
|
1
|
2
|
5
|
(1)
|
1
|
(8)
|
(12)
|
(6)
|
0
|
(4)
|
(4)
|
(4)
|
0
|
(4)
|
(3)
|
(4)
|
(1)
|
(3)
|
|
Pre-Tax Income |
99
N/A
|
105
+6%
|
102
-3%
|
100
-2%
|
88
-11%
|
75
-15%
|
64
-15%
|
57
-11%
|
44
-23%
|
26
-41%
|
23
-12%
|
15
-35%
|
12
-22%
|
22
+87%
|
16
-25%
|
7
-55%
|
(32)
N/A
|
(73)
-128%
|
(76)
-5%
|
(72)
+6%
|
(17)
+77%
|
29
N/A
|
37
+28%
|
47
+28%
|
45
-4%
|
45
-2%
|
47
+5%
|
41
-12%
|
44
+9%
|
31
-30%
|
25
-19%
|
|
Net Income | ||||||||||||||||||||||||||||||||
Tax Provision |
(36)
|
(36)
|
(36)
|
(33)
|
(29)
|
(23)
|
(18)
|
(14)
|
(7)
|
(5)
|
(4)
|
(3)
|
(5)
|
(6)
|
(5)
|
(3)
|
9
|
15
|
14
|
14
|
(0)
|
(11)
|
(11)
|
(17)
|
(19)
|
(14)
|
(14)
|
(12)
|
(15)
|
17
|
20
|
|
Income from Continuing Operations |
63
|
69
|
66
|
66
|
59
|
52
|
46
|
43
|
37
|
21
|
19
|
12
|
7
|
16
|
12
|
4
|
(23)
|
(57)
|
(63)
|
(58)
|
(17)
|
18
|
26
|
30
|
26
|
31
|
32
|
29
|
30
|
49
|
45
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
62
N/A
|
69
+10%
|
65
-5%
|
66
+0%
|
59
-11%
|
52
-12%
|
52
+0%
|
49
-5%
|
42
-14%
|
28
-35%
|
19
-31%
|
13
-34%
|
7
-41%
|
16
+109%
|
11
-28%
|
4
-69%
|
(23)
N/A
|
(58)
-147%
|
(63)
-9%
|
(58)
+8%
|
(18)
+69%
|
17
N/A
|
25
+45%
|
30
+18%
|
26
-13%
|
30
+17%
|
32
+6%
|
29
-11%
|
29
+3%
|
48
+64%
|
45
-7%
|
|
EPS (Diluted) |
1.66
N/A
|
1.83
+10%
|
1.75
-4%
|
1.73
-1%
|
1.54
-11%
|
1.36
-12%
|
1.35
-1%
|
1.27
-6%
|
1.09
-14%
|
0.71
-35%
|
0.49
-31%
|
0.32
-35%
|
0.19
-41%
|
0.4
+111%
|
0.29
-28%
|
0.09
-69%
|
-0.6
N/A
|
-1.49
-148%
|
-1.62
-9%
|
-1.45
+10%
|
-0.42
+71%
|
0.43
N/A
|
0.57
+33%
|
0.7
+23%
|
0.63
-10%
|
0.73
+16%
|
0.78
+7%
|
0.7
-10%
|
0.58
-17%
|
0.96
+66%
|
1.09
+14%
|