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Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2012
Date:10/25/2012

perating earnings 167.8159.7594.1588.4  As a percent of revenues22.2%22.2%21.2%22.7%Interest income, net0.70.11.80.3Earnings from continuing operations before taxes168.5159.8595.9588.7Taxes on earnings 48.349.4168.9180.1Earnings from continuing operations  120.2110.4427.0408.6  As a percent of revenues15.9%15.4%15.2%15.7%Loss  from discontinued operations – net of  taxes  (1)-(9.7)-(9.7)Net earnings

$

120.2100.7427.0398.9Net earnings (loss) per share – basic:Continuing operations

$

1.090.973.833.50Discontinued operations  (1)-(0.09)-(0.08)Net earnings per share

$

1.090.883.833.42Net earnings (loss)  per share – diluted: Continuing operations

$

1.080.953.763.44Discontinued operations  (1)-(0.08)-(0.08)Net earnings per share

$

1.080.873.763.36Shares used in the calculation of net earnings (loss) per share: 
Average shares outstanding - basic110.0114.4111.4116.7Average shares outstanding - diluted111.6116.2113.5118.7(1) The operating results of ACCEL research instruments are classified as discontinued operations for all periods presented.Varian Medical Systems, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(In thousands)September 28,  September 30,20122011 (1)(Unaudited)AssetsCurrent assetsCash and cash equivalents

$

704,570

$

564,457Short-term investment 49,70919,205Accounts receivable, net691,806635,153Inventories457,869409,962Deferred tax assets and other266,561225,840Total current assets2,170,5151,854,617Property, plant and equipment653,424601,115Accumulated depreciation and amortization(356,832)(315,221)Property, plant and equipment, net296,592285,894Goodwill222,242212,452Other assets189,
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SOURCE Varian Medical Systems
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Related medicine technology :

1. Varian Medical Systems Signs Purchase Agreement with Advanced Particle Therapy LLC to Supply Technology for the Georgia Proton Treatment Center to be operated by Emory Healthcare
2. Varian Medical Systems Publishes 2012 Sustainability Report Outlining Environmental, Charitable, Safety and Health Access Achievements
3. Institut Curie Acquires Four Advanced Radiotherapy Treatment Systems Including Three Varian TrueBeam Devices
4. Esperance Pharmaceuticals Announces Completion of Run-in Enrollment of Phase 2 Study of EP-100 Plus Paclitaxel in Advanced Ovarian Cancer
5. Varian Medical Systems Establishes Subsidiary in South Korea
6. Cancer Patients in Central Vietnam to Gain Access to Advanced Radiotherapy Treatments Using Technology from Varian Medical Systems
7. Varian Medical Systems to Support an NCI-Sponsored Phase III Study Comparing Radiosurgery with Surgery for the Treatment of Early-Stage High-Risk, Operable Non-Small Cell Lung Cancer
8. Erich R. Reinhardt Appointed to Board of Directors of Varian Medical Systems
9. Varian Medical Systems Board of Directors Authorizes Repurchase of Additional 8 Million Shares of Stock through Calendar Year 2013
10. Varian Medical Systems CEO Timothy E. Guertin Announces Plans to Retire; Board of Directors Names Dow R. Wilson as Successor
11. Researchers Discover All-Natural Weapon In The War Against Ovarian Cancer
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