XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 27.9 $ 37.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 7.5 6.1
Depreciation 16.0 10.6
Amortization of intangible assets 12.5 6.2
Deferred taxes (14.0) 7.8
Income from equity method investments (3.2) (3.0)
Amortization of deferred loan costs 1.7 0.6
Impairment of intangible assets 3.0 0.0
Other, net (0.6) 0.6
Changes in assets and liabilities, net of effects of acquisition:    
Accounts receivable 32.5 7.2
Inventories (9.7) (24.1)
Prepaid expenses and other assets 2.8 (7.4)
Accounts payable (2.7) 10.7
Accrued operating liabilities and other long-term operating liabilities (7.0) 9.5
Deferred revenues 0.1 (2.0)
Net cash provided by operating activities 66.8 59.8
Cash flows from investing activities:    
Purchases of property, plant and equipment (15.3) (7.6)
Acquisitions of businesses, net of cash acquired 0.0 (276.0)
Net cash used in investing activities (15.3) (283.6)
Cash flows from financing activities:    
Net transfers from parent 0.0 3.3
Distribution to Varian Medical Systems, Inc. 0.0 (227.1)
Taxes related to net share settlement of equity awards (2.3) (1.9)
Borrowings under credit agreements 10.0 744.0
Repayments of borrowing under credit agreements (96.0) (234.0)
Proceeds from exercise of stock options 3.5 2.8
Proceeds from shares issued under employee stock purchase plan 3.3 0.0
Payment of debt issuance costs 0.0 (11.9)
Other financing activities 0.0 0.7
Net cash (used in) provided by financing activities (81.5) 275.9
Effects of exchange rate changes on cash and cash equivalents (0.5) 0.7
Net (decrease) increase in cash and cash equivalents (30.5) 52.8
Cash and cash equivalents at beginning of period 83.3 36.5
Cash and cash equivalents at end of period 52.8 89.3
Supplemental cash flow information:    
Cash paid for interest 14.6 4.4
Cash paid for income tax 12.6 2.6
Supplemental non-cash activities:    
Purchases of property, plant and equipment financed through accounts payable 2.5 1.4
Transfers of property, plant and equipment from Varian Medical Systems, Inc. $ 0.0 $ 13.8