Varex Imaging Corporation (VREX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -1.5M | -16.1M | 7.9M | 7.7M | 16.6M | 9.5M | 25.9M | 8M | 3.1M | 10.3M | 47.1M | 37.7M | 27.3M | -3.7M | 17.1M | -2.7M | -8.3M | 10.8M | 50.6M | 22.1M |
| Operating CF Margin % | -0.69% | -7.68% | 3.45% | 3.79% | 7.8% | 4.75% | 12.59% | 3.83% | 1.5% | 5.42% | 20.71% | 16.24% | 11.96% | -1.8% | 7.39% | -1.26% | -3.87% | 5.43% | 22.36% | 10.46% |
| Operating CF Growth % | -109.04% | -269.47% | -69.5% | -3.75% | 435.48% | -7.77% | -45.01% | -78.78% | -88.64% | 378.38% | 175.44% | 1496.3% | 428.92% | -134.26% | -66.21% | -112.22% | -164.84% | 52.11% | 528.81% | 1909.09% |
| Net Income | -8.1M | 2.3M | 12.2M | -89.1M | 7.1M | -100K | -50M | 1.4M | 1.4M | -400K | 32M | 9.2M | 4.3M | 3.2M | 13.2M | 8.4M | 7.6M | 1.6M | 8.8M | 12.2M |
| Depreciation & Amortization | 6.8M | 6.8M | 6.7M | 6.8M | 6.6M | 7.1M | 6.6M | 7M | 8.8M | 8.7M | 8.8M | 8.3M | 8.1M | 8M | 8.1M | 8.4M | 8.5M | 8.6M | 9.1M | 9.2M |
| Stock-Based Compensation | 0 | 3.8M | 3.4M | 3.7M | 3.8M | 4.1M | 3.5M | 3.9M | 4.2M | 3.7M | 3.4M | 3.6M | 3.2M | 3.3M | 3.3M | 3.4M | 3.9M | 3.4M | 3.3M | 3.4M |
| Deferred Taxes | -100K | 600K | 2.7M | -3.4M | 100K | 100K | 51.3M | -7.7M | -5.8M | -800K | -38.4M | -700K | -200K | -200K | -900K | 1M | 300K | 200K | -3.5M | 400K |
| Other Non-Cash Items | 18.3M | 5.4M | -600K | 93.2M | 3.8M | 4.9M | 2.9M | 3.8M | 4.1M | -1.4M | 21.2M | 2.3M | 4.4M | 1.3M | 7.4M | 6.7M | 5.3M | 6.5M | 4.5M | 1.9M |
| Working Capital Changes | -18.4M | -35M | -16.5M | -3.5M | -4.8M | -6.6M | 11.5M | -400K | -9.6M | 500K | 20.1M | 15M | 7.5M | -19.3M | -14M | -30.6M | -33.9M | -9.5M | 28.4M | -5M |
| Change in Receivables | -1.1M | 8.9M | -20.1M | 8.6M | -7.9M | 19.5M | -5.7M | -600K | -12.3M | 25.3M | -400K | -3.8M | -1.6M | 15.6M | -16.2M | -3.2M | -27.1M | 28.4M | -7.4M | -19.3M |
| Change in Inventory | -21.8M | -30.1M | -2.3M | -16.5M | -5.5M | -15.6M | 14.6M | 3.8M | 1.4M | -13.2M | 18.5M | 11.6M | 8.9M | -18.8M | -3.9M | -34.6M | -22.7M | -23.8M | 18.2M | 4.2M |
| Change in Payables | 16.2M | 12.1M | -5.4M | 0 | 4.8M | 6.8M | -10.1M | -200K | -1.9M | 9M | -11.3M | -100K | -11.6M | 8M | -5.1M | 4.4M | 6.9M | 13.5M | -7.6M | 13.8M |
| Cash from Investing | -3.1M | -7.7M | -700K | -700K | 14.7M | -3M | -14M | 7.7M | -1.3M | -19.9M | -14.6M | -22.8M | -3.8M | -3.7M | -27.5M | -14.3M | -4M | -2.6M | -3.3M | -4.5M |
| Capital Expenditures | -6.2M | -10.7M | -5.6M | -6.3M | -6.8M | -4.2M | -6M | -4.7M | -5.8M | -10.4M | -5.4M | -4.2M | -5.6M | -5.5M | -9.8M | -4M | -3.4M | -4.1M | -2.6M | -4.7M |
| CapEx % of Revenue | 2.87% | 5.1% | 2.45% | 3.1% | 3.19% | 2.1% | 2.92% | 2.25% | 2.81% | 5.47% | 2.37% | 1.81% | 2.45% | 2.68% | 4.24% | 1.86% | 1.58% | 2.06% | 1.15% | 2.23% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900K | -1M | 0 | 0 | 0 | -300K | 0 | -300K | 1.7M | -600K | -200K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -1M | -500K | 800K | -200K | -900K | 300K | -400K | -900K | -100K | -200K | -100K | -9.1M | 6.8M | 500K | 100K | -300K | -200K | -100K | 400K |
| Cash from Financing | -29.3M | -1.6M | 1.1M | -201.2M | -700K | 124.9M | 800K | -1.1M | -1.3M | -1.7M | 1.4M | -700K | -500K | -400K | 200K | 1.4M | -30.4M | 5M | -31M | -300K |
| Debt Issued (Net) | -23.2M | 0 | -400K | -200.4M | -400K | 126.2M | -400K | -400K | -400K | -400K | -700K | -500K | -700K | -500K | -400K | -600K | -28.1M | -300K | -30.9M | -700K |
| Equity Issued (Net) | 1.7M | -1.5M | 1.6M | 0 | 0 | 0 | -300K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -1.5M | 0 | 0 | 0 | 0 | -300K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -7.8M | -100K | -100K | -800K | -300K | -1.3M | 1.5M | -700K | -900K | -1.3M | 2.1M | -200K | 200K | 100K | 600K | 2M | -2.3M | 5.3M | -100K | 400K |
| Net Change in Cash | -34.2M | -25.4M | 8.6M | -193.7M | 30.4M | 131.4M | 12.6M | 14.6M | 500K | -11.3M | 34.1M | 14.1M | 23M | -7.8M | -10.3M | -15.6M | -42.7M | 13.1M | 16.3M | 17.2M |
| Free Cash Flow | -7.7M | -26.8M | 2.3M | 1.4M | 9.8M | 5.3M | 19.9M | 3.3M | -2.7M | -100K | 41.7M | 33.5M | 21.7M | -9.2M | 7.3M | -6.7M | -11.7M | 6.7M | 48M | 17.4M |
| FCF Margin % | -3.56% | -12.79% | 1% | 0.69% | 4.6% | 2.65% | 9.67% | 1.58% | -1.31% | -0.05% | 18.34% | 14.43% | 9.51% | -4.47% | 3.15% | -3.12% | -5.45% | 3.37% | 21.21% | 8.24% |
| FCF Growth % | -178.57% | -605.66% | -88.44% | -57.58% | 462.96% | 5400% | -52.28% | -90.15% | -112.44% | 98.91% | 471.23% | 600% | 285.47% | -237.31% | -84.79% | -138.51% | -224.47% | 148.15% | 403.8% | 514.29% |
| FCF per Share | -0.18 | -0.63 | 0.06 | 0.03 | 0.19 | 0.13 | 0.49 | 0.08 | -0.07 | -0.00 | 0.83 | 0.66 | 0.54 | -0.23 | 0.18 | -0.17 | -0.28 | 0.15 | 1.10 | 0.42 |
| FCF Conversion (FCF/Net Income) | 0.19x | -7.00x | 0.65x | -0.09x | 2.41x | -31.67x | -0.52x | 5.71x | 2.21x | -20.60x | 1.48x | 4.14x | 6.66x | -1.19x | 1.31x | -0.33x | -1.09x | 7.71x | 5.82x | 1.84x |
| Interest Paid | 0 | 14.6M | -30.6M | 16.7M | 200K | 13.7M | -13.8M | 13.8M | 100K | 13.7M | 0 | 13.6M | 0 | 0 | 0 | 0 | 0 | 14.8M | 600K | 17M |
| Taxes Paid | 0 | 4M | -17.1M | 3.1M | 7.8M | 6.2M | -3.9M | 3.9M | 10.1M | 2.7M | 6.9M | 3M | 0 | 0 | 0 | 0 | 0 | 400K | 100K | 1.1M |