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Varian, Inc. Reports Second Quarter 2009 Results
Date:4/29/2009

er Ended Six Months Ended ---------------------- --------------------- April 3, March 28, April 3, March 28, 2009 2008 2009 2008 --------- ---------- --------- --------- Cash flows from operating activities Net earnings $10,186 $15,787 $23,227 $33,371 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 6,528 6,445 13,371 13,279 Loss (gain) on disposition of property, plant and equipment 23 (76) (4) (298) Impairment of private company equity investment - 3,018 - 3,018 Share-based compensation expense 1,945 3,103 4,311 4,822 Deferred taxes (768) (2,421) (655) (1,656) Unrealized loss (gain) on currency remeasurement 323 971 (6,363) 642 Changes in assets and liabilities, excluding effects of acquisitions: Accounts receivable, net 7,549 (15,505) 32,119 (1,732) Inventories 9,124 (8,566) 1,182 (23,718) Prepaid expenses and other current assets 336 (1,264) 229 (992) Other assets (119) (11) (1,148) (35) Accounts payable (5,776) 4,659 (9,394) 3,287 Deferred profit 1,245 (2,220) 1,548 (4,474) Accrued liabilities 8,719 7,132 (6,900) 3,813 Other liabilities (5,736) 1,577 (1,013) 405 --------- ---------- --------- --------- Net cash provided
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SOURCE Varian, Inc.
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