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Varian, Inc. Reports First Quarter 2008 Results
Date:1/23/2008

Fiscal Quarter Ended

------------------------------

December 28, December 29,

2007 2006

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Cash flows from operating activities

Net earnings $17,584 $15,355

Adjustments to reconcile net earnings

to net cash provided by

operating activities:

Depreciation and amortization 6,834 6,793

Gain on disposition of property,

plant and equipment (222) (34)

Share-based compensation expense 1,719 2,845

Deferred taxes 765 (797)

Changes in assets and liabilities,

excluding effects of acquisitions:

Accounts receivable, net 13,773 10,068

Inventories (15,152) (5,663)

Prepaid expenses and other current assets 272 (1,084)

Other assets (24) 286

Accounts payable (1,372) (337)

Deferred profit (2,254) (125)

Accrued liabilities (3,319) (4,467)

Other liabilities (1,501) (448)

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Net cash provided by operating activities 17,103 22,392

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Cash flows from investing activities

Proceeds from sale of propert
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SOURCE Varian, Inc.
Copyright©2008 PR Newswire.
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