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Varian Medical Systems Reports Results for Third Quarter of Fiscal Year 2012
Date:7/25/2012

ptember 30,20122011 (1)(Unaudited)AssetsCurrent assetsCash and cash equivalents

$

633,386

$

564,457Short-term investment 47,15519,205Accounts receivable, net608,834635,153Inventories464,436409,962Deferred tax assets and other263,676225,840Total current assets2,017,4871,854,617Property, plant and equipment636,607601,115Accumulated depreciation and amortization(349,271)(315,221)Property, plant and equipment, net287,336285,894Goodwill224,058212,452Other assets189,072145,798Total assets$

2,717,953

$

2,498,761Liabilities and Stockholders' EquityCurrent liabilitiesAccounts payable$

147,248

$

154,946Accrued expenses284,705290,009Deferred revenues126,348140,173Advance payments from customers353,943299,380Product warranty49,32350,128Short-term borrowings168,760181,400Current maturities of long-term debt-9,876Total current liabilities1,130,3271,125,912Other long-term liabilities118,051122,708Long-term debt6,2506,250Total liabilities1,254,6281,254,870Stockholders' EquityCommon stock 110,711112,344Capital in excess of par value 568,943500,922Retained earnings and accumulated other comprehensive loss  783,671630,625Total stockholders' equity1,463,3251,243,891Total liabilities and stockholders' equity$

2,717,953

$

2,498,761(1)

The condensed consolidated balance sheet as of September 30, 2011 was derived from audited financial statements as of that date.FOR INFORMATION CONTACT:
Elisha Finney (650) 424-6803
elisha.finney@varian.com

Spencer Sias (650) 424-5782
spencer.sias@varian.com


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SOURCE Varian Medical Systems, Inc.
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