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Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2009
Date:4/29/2009

operations (1) (0.09) (0.01) (0.10) (0.03) Net earnings per share $0.55 0.57 1.10 1.02 Net earnings (loss) per share - diluted: Continuing operations $0.64 0.57 1.19 1.03 Discontinued operations (1) (0.10) (0.01) (0.10) (0.04) Net earnings per share $0.54 0.56 1.09 0.99 Shares used in the calculation of net earnings per share: Average shares outstanding - basic 123.8 125.2 123.8 125.0 Average shares outstanding - diluted 124.5 128.0 124.8 127.9

(1) The operating results of ACCEL research instruments are classified as discontinued operations for all periods presented.

                     Varian Medical Systems, Inc. and Subsidiaries
                         Condensed Consolidated Balance Sheets

    (In thousands)                                  April 3,   September 26,
                                                      2009        2008(2)
                                                  (Unaudited)
    Assets
    Current assets
        Cash and cash equivalents                   $374,617      $397,306
        Restricted cash                                2,340             -
        Accounts receivable, net                     534,789       486,310
        Inventories                                  340,240       282,980
        Deferred tax assets and other                198,168       209,006
        Current assets of discontinued
         operations (1)                                    -        18,799
    Total current assets                           1,450,154     1,394,401

    Property, plant and equipment                    503,897       452,576
        Accumulated depreciation and
         amortizati
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SOURCE Varian Medical Systems, Inc.
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