Henry Schein, Inc. (HSIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 135 DURYEA RD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5047 - Medical, Dental, and Hospital Equipment and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:117118  80175
Cash and cash equivalents     80175
Other undisclosed cash, cash equivalents, and short-term investments117118    
Receivables1,4421,4521,4251,2461,6041,470
Inventory, net of allowances, customer advances and progress billings1,9631,8611,5121,4291,9711,934
Inventory1,9631,8611,5121,4291,9711,934
Other undisclosed current assets466413854551521455
Total current assets:3,9883,8443,7913,2274,1754,033
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 10766
Operating lease, right-of-use asset284325289232
Property, plant and equipment 383366342330382375
Long-term investments and receivables 189204204208350303
Long-term investments 161168169165283268
Accounts and financing receivable, after allowance for credit loss 283635446735
Intangible assets, net (including goodwill)3,4803,5222,9843,0353,4052,971
Goodwill2,8932,8542,5042,4622,8202,301
Intangible assets, net (excluding goodwill)587668479573584670
Deferred costs 8    4
Deferred tax assets, net8311
Other undisclosed noncurrent assets265213156114105114
Total noncurrent assets:4,6194,6373,9813,9254,3253,778
TOTAL ASSETS:8,6078,4817,7737,1518,5017,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4501,5761,4401,3111,6791,615
Taxes payable137139165172189
Employee-related liabilities385295265280273
Accounts payable1,0041,0541,0068801,2271,153
Accrued liabilities446     
Debt1096118313481100
Contract with customer, liability84
Other liabilities592593596529579403
Other undisclosed current liabilities73766565796658
Total current liabilities:2,2242,3072,2832,0383,2192,776
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,0408115166231,004908
Finance lease, liability 6444
Other undisclosed long-term debt and lease obligation1,0345402744431,004908
Liabilities, other than long-term debt672429431402424471
Deferred revenue  1086
Deferred tax liabilities, net3250
Deferred income tax liabilities36423065
Other liabilities361377393331392420
Operating lease, liability275268239176
Other undisclosed noncurrent liabilities  258231170  
Total noncurrent liabilities:1,7121,4981,1771,1951,4281,378
Total liabilities:3,9363,8053,4603,2344,6474,155
Temporary equity, carrying amount576613328287  
Equity
Equity, attributable to parent, including:3,4463,4253,3482,9982,9612,811
Additional paid in capital    48  
Accumulated other comprehensive loss(233)(171)(108)(167)(249)(130)
Retained earnings3,6783,5953,4553,1163,2092,940
Other undisclosed equity, attributable to parent111122
Equity, attributable to noncontrolling interest64963863663258013
Total equity:4,0954,0633,9843,6303,5422,824
Other undisclosed liabilities and equity     312832
TOTAL LIABILITIES AND EQUITY:8,6078,4817,7737,1518,5017,811

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,64712,40110,1199,98613,20212,462
Revenue, net12,462
Cost of revenue
(Cost of Goods and Services Sold)
(8,816)(8,729)(7,305)(6,895)(9,607)(9,062)
Gross profit:3,8313,6722,8143,0913,5953,399
Operating expenses(2,953)(2,821)(2,279)(2,373)(2,702)(2,540)
Other undisclosed operating loss(131)   (140) 
Operating income:747852535718753859
Nonoperating income1866132117
Investment income, nonoperating17610162118
Other nonoperating income (expense)10(4)(3)(0)(0)
Interest and debt expense(44)(28)(41)(51)(79)(54)
Income from continuing operations before equity method investments, income taxes:721831500680695823
Income from equity method investments152012182217
Income from continuing operations before income taxes:736851512698718839
Income tax expense(170)(197)(95)(160)(155)(363)
Other undisclosed income from continuing operations  72187  
Income from continuing operations:566661418725562477
Income before gain (loss) on sale of properties:661419719562477
Income (loss) from discontinued operations   1(6)  
Other undisclosed net loss      (18)
Net income:566661419719562459
Net loss attributable to noncontrolling interest(28)(29)(16)(24)(26)(53)
Net income attributable to parent:538631404695536406
Preferred stock dividends and other adjustments(4)(160)    
Net income available to common stockholders, diluted:534471404695536406

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:566661419719562459
Other comprehensive income (loss)(69)(69)56(14)(133)195
Comprehensive income:497591475705429654
Comprehensive loss, net of tax, attributable to noncontrolling interest(21)(23)(12)(23)(12)(61)
Comprehensive income, net of tax, attributable to parent:476568463683417593

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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