Henry Schein (HSIC) FY2023 results: revenue $12.3 billion, down 2.4% on the year
Henry Schein Inc. (HSIC) reported revenue of $12.3 billion for fiscal 2023, the year ended 30 December 2023, down 2.4% on the year before. Net income was $416 million, down 22.7%, and diluted earnings per share $3.16. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$12.3 billion
-2.4% on the year
FY2016FY2023
Operating margin
5.0%
5.9% a year earlier
FY2016FY2023
Net income
$416 million
-22.7% on the year
FY2016FY2023
Diluted EPS
$3.16
-19.2% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
500
602
710
-16.9%
Capital expenditure
147
96.0
79.0
+53.1%
Free cash flow
353
506
631
-30.2%
Free cash flow margin
2.9%
4.0%
5.1%
Cash from investing
-1,135
-276
-677
Cash from financing
701
-315
-333
Depreciation and amortisation
248
212
210
+17.0%
Share-based compensation
39.0
54.0
78.0
-27.8%
Buybacks
250
485
401
-48.5%
Diluted shares, weighted
132m
138m
142m
-4.4%
Shares outstanding at period end
129m
132m
137m
-1.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,655
3,446
3,425
+6.1%
Non-controlling interest
634
649
638
-2.3%
Redeemable equity
864
576
613
+50.0%
Debt
2,351
1,149
873
+104.6%
Operating lease liabilities
310
275
268
+12.7%
Finance lease liabilities
4.0
6.0
4.0
-33.3%
Other liabilities
2,755
2,506
2,660
+9.9%
Total liabilities and equity
10,573
8,607
8,481
+22.8%
Fixed assets
n/a
n/a
366
Goodwill
3,875
2,893
2,854
+33.9%
Intangible assets
916
587
668
+56.0%
Cash and equivalents
171
117
118
+46.2%
Receivables
1,863
1,442
1,452
+29.2%
Inventory
1,815
1,963
1,861
-7.5%
Other assets
1,933
1,605
1,162
+20.4%
Total assets
10,573
8,607
8,481
+22.8%
10-K for the year ended 30 December 2023, filed 28 February 2024: the filing.