Henry Schein (HSIC) FY2016 results: revenue $11.6 billion, up 8.9% on the year
Henry Schein Inc. (HSIC) reported revenue of $11.6 billion for fiscal 2016, the year ended 31 December 2016, up 8.9% on the year before. Net income was $507 million, up 5.8%, and diluted earnings per share $3.10. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$11.6 billion
+8.9% on the year
FY2009FY2016
Operating margin
6.7%
6.9% a year earlier
FY2009FY2016
Net income
$507 million
+5.8% on the year
FY2009FY2016
Diluted EPS
$3.10
+8.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,572
10,630
10,371
+8.9%
Cost of revenue
8,338
7,617
7,460
+9.5%
Gross profit
3,226
3,012
2,911
+7.1%
Gross margin
27.9%
28.3%
28.1%
Selling, general and administrative
2,409
2,238
2,196
+7.6%
Operating income
772
734
715
+5.1%
Operating margin
6.7%
6.9%
6.9%
Interest expense
31.9
26.0
24.1
+22.6%
Pre-tax income
756
721
709
+4.9%
Income tax
218
211
216
+3.1%
Effective tax rate
28.8%
29.3%
30.4%
Net income
507
479
466
+5.8%
Net margin
4.4%
4.5%
4.5%
Diluted EPS
$3.10
$2.85
$2.72
+8.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
643
616
593
+4.4%
Capital expenditure
70.2
71.7
82.1
-2.1%
Free cash flow
572
544
510
+5.3%
Free cash flow margin
4.9%
5.1%
4.9%
Cash from investing
-316
-260
n/a
Cash from financing
-327
-348
n/a
Depreciation and amortisation
170
159
152
+6.7%
Share-based compensation
58.2
44.6
45.9
+30.6%
Buybacks
550
300
300
+83.4%
Diluted shares, weighted
164m
168m
171m
-2.7%
Shares outstanding at period end
159m
165m
168m
-3.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,793
2,884
2,814
-3.2%
Non-controlling interest
7.7
2.6
2.9
+202.5%
Redeemable equity
286
n/a
n/a
Debt
1,219
810
731
+50.5%
Other liabilities
2,507
2,838
2,591
-11.7%
Total liabilities and equity
6,812
6,535
6,139
+4.2%
Fixed assets
334
318
311
+4.8%
Goodwill
2,020
1,908
1,884
+5.9%
Intangible assets
621
593
644
+4.8%
Cash and equivalents
62.4
72.1
89.5
-13.5%
Receivables
1,254
1,230
1,128
+2.0%
Inventory
1,666
1,510
1,328
+10.3%
Other assets
855
904
755
-5.4%
Total assets
6,812
6,535
6,139
+4.2%
10-K for the year ended 31 December 2016, filed 20 February 2019: the filing.