Henry Schein (HSIC) FY2021 results: revenue $12.4 billion, up 22.6% on the year
Henry Schein Inc. (HSIC) reported revenue of $12.4 billion for fiscal 2021, the year ended 25 December 2021, up 22.6% on the year before. Net income was $631 million, up 56.3%, and diluted earnings per share $4.45. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$12.4 billion
+22.6% on the year
FY2014FY2021
Operating margin
6.9%
5.3% a year earlier
FY2014FY2021
Net income
$631 million
+56.3% on the year
FY2014FY2021
Diluted EPS
$4.45
+57.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
710
599
654
+18.5%
Capital expenditure
79.0
49.0
76.2
+61.3%
Free cash flow
631
550
578
+14.7%
Free cash flow margin
5.1%
5.4%
5.8%
Cash from investing
-677
-115
-424
Cash from financing
-333
-187
-216
Depreciation and amortisation
210
186
185
+12.9%
Share-based compensation
78.0
9.0
44.9
+766.7%
Buybacks
401
74.0
525
+442.2%
Diluted shares, weighted
142m
143m
149m
-1.1%
Shares outstanding at period end
137m
142m
143m
-3.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,425
3,348
2,998
+2.3%
Non-controlling interest
638
636
632
+0.3%
Redeemable equity
613
328
287
+87.2%
Debt
873
699
757
+24.9%
Operating lease liabilities
268
239
176
+12.2%
Finance lease liabilities
4.0
3.5
3.7
+13.0%
Other liabilities
2,660
2,519
2,297
+5.6%
Total liabilities and equity
8,481
7,773
7,151
+9.1%
Fixed assets
366
342
330
+7.1%
Goodwill
2,854
2,504
2,462
+14.0%
Intangible assets
668
479
573
+39.3%
Cash and equivalents
118
421
106
-72.0%
Receivables
1,452
1,425
1,246
+1.9%
Inventory
1,861
1,512
1,429
+23.1%
Other assets
1,162
1,088
1,005
+6.8%
Total assets
8,481
7,773
7,151
+9.1%
10-K for the year ended 25 December 2021, filed 15 February 2022: the filing.