2017 Q1 Form 10-K Financial Statement

#000100022817000011 Filed on February 21, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $2.851B $2.686B
YoY Change 5.51% 2.37%
Cost Of Revenue $2.052B $1.937B
YoY Change 5.88% 1.83%
Gross Profit $799.3M $748.9M
YoY Change 4.55% 3.77%
Gross Profit Margin 28.04% 27.88%
Selling, General & Admin $586.2M $551.6M
YoY Change 4.4% 0.73%
% of Gross Profit 73.34% 73.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.20M $42.70M
YoY Change 1.77% 8.93%
% of Gross Profit 5.03% 5.7%
Operating Expenses $586.2M $551.6M
YoY Change 4.38% 0.75%
Operating Profit $200.7M $188.9M
YoY Change -1.11% 8.5%
Interest Expense -$4.100M $6.297M
YoY Change 17.14% 0.27%
% of Operating Profit -2.04% 3.33%
Other Income/Expense, Net $200.0K -$277.0K
YoY Change -50.0% -42.77%
Pretax Income $196.8M $185.4M
YoY Change -1.55% 8.57%
Income Tax $59.20M $49.23M
% Of Pretax Income 30.08% 26.55%
Net Earnings $129.9M $127.7M
YoY Change -2.27% 11.29%
Net Earnings / Revenue 4.56% 4.76%
Basic Earnings Per Share $1.58 $1.54
Diluted Earnings Per Share $1.56 $1.52
COMMON SHARES
Basic Shares Outstanding 79.20M shares 82.86M shares
Diluted Shares Outstanding 84.08M shares

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.10M $60.50M
YoY Change -19.44% -20.92%
Cash & Equivalents $72.09M $60.50M
Short-Term Investments
Other Short-Term Assets $419.3M $411.1M
YoY Change 13.82% 5.71%
Inventory $1.510B $1.425B
Prepaid Expenses
Receivables $1.230B $1.224B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.231B $3.120B
YoY Change 10.91% 6.56%
LONG-TERM ASSETS
Property, Plant & Equipment $318.5M $311.9M
YoY Change 2.24% 2.87%
Goodwill $1.908B
YoY Change 1.25%
Intangibles $593.0M
YoY Change -7.89%
Long-Term Investments $321.1M $422.7M
YoY Change 22.79% 17.78%
Other Assets $103.5M
YoY Change -0.1%
Total Long-Term Assets $3.304B $3.251B
YoY Change 2.42% 1.53%
TOTAL ASSETS
Total Short-Term Assets $3.231B $3.120B
Total Long-Term Assets $3.304B $3.251B
Total Assets $6.535B $6.372B
YoY Change 6.45% 3.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.006B $873.8M
YoY Change 16.82% 6.29%
Accrued Expenses $633.5M $554.8M
YoY Change 9.38% 7.25%
Deferred Revenue
YoY Change
Short-Term Debt $328.6M $186.9M
YoY Change 79.66% -1.01%
Long-Term Debt Due $17.30M $14.50M
YoY Change 198.28% 150.0%
Total Short-Term Liabilities $2.147B $1.797B
YoY Change 20.61% 5.36%
LONG-TERM LIABILITIES
Long-Term Debt $463.8M $597.1M
YoY Change -14.55% -5.34%
Other Long-Term Liabilities $212.1M $202.4M
YoY Change 16.66% 27.53%
Total Long-Term Liabilities $212.1M $202.4M
YoY Change 16.66% -74.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.147B $1.797B
Total Long-Term Liabilities $212.1M $202.4M
Total Liabilities $3.076B $2.845B
YoY Change 11.53% -14.11%
SHAREHOLDERS EQUITY
Retained Earnings $2.896B
YoY Change 9.59%
Common Stock $207.4M $259.5M
YoY Change -21.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.884B $2.939B
YoY Change
Total Liabilities & Shareholders Equity $6.505B $6.372B
YoY Change 5.96% 3.93%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $129.9M $127.7M
YoY Change -2.27% 11.29%
Depreciation, Depletion And Amortization $40.20M $42.70M
YoY Change 1.77% 8.93%
Cash From Operating Activities $298.3M $107.4M
YoY Change 8.87% -38.45%
INVESTING ACTIVITIES
Capital Expenditures -$19.50M -$18.80M
YoY Change -8.45% -17.54%
Acquisitions
YoY Change
Other Investing Activities -$37.00M -$86.80M
YoY Change -40.03% -39.47%
Cash From Investing Activities -$56.50M -$105.6M
YoY Change -31.93% -36.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -221.4M 18.70M
YoY Change 33.29% -290.82%
NET CHANGE
Cash From Operating Activities 298.3M 107.4M
Cash From Investing Activities -56.50M -105.6M
Cash From Financing Activities -221.4M 18.70M
Net Change In Cash 20.40M 20.50M
YoY Change -18.07% -1381.25%
FREE CASH FLOW
Cash From Operating Activities $298.3M $107.4M
Capital Expenditures -$19.50M -$18.80M
Free Cash Flow $317.8M $126.2M
YoY Change 7.62% -36.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0pt;' >Use of Estimates</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:11pt;margin-left:18pt;' >The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p></div>
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us-gaap Sales Revenue Net
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us-gaap Restructuring Charges
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2
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22572000 USD
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7300000 USD
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27851000 USD
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9700000 USD
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4058000 USD
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15381000 USD
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18400000 USD
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134000 USD
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0 USD
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153000 USD
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33
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574000 USD
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753000 USD
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us-gaap Operating Income Loss
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379000 USD
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140.8
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31491000 USD
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3500000 USD
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0.8 pure
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165879000 USD
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22657000 USD
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548000 USD
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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3672000 USD
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252265000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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65800000 USD
CY2014Q4 hsic Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Attributable To Nonredeemable Noncontrolling Interests Net Of Tax
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-36000 USD
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1.52
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481083000 USD
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78700000 USD
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57600000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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393790000 USD
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58376000 USD
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35202000 USD
CY2015 hsic Effective Income Tax Rate Excluding Favorable Response To Petition
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0.302 pure
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CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1281000 shares
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5416000 USD
CY2014 us-gaap Income Taxes Paid
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208272000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
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2199000 USD
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977249000 USD
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711000 USD
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3233969000 USD
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CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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44369000 USD
CY2015 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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28314000 USD
CY2014 us-gaap Amortization Of Intangible Assets
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89600000 USD
CY2016Q4 us-gaap Assets Current
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3312780000 USD
CY2014 us-gaap Cost Of Goods And Services Sold
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7460075000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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318476000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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39539000 USD
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17100000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2014 hsic Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Excluding Portion Attributable To Redeemable Noncontrolling Interest
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-153618000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
17668000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
82116000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-1025000 USD
CY2015 us-gaap Gross Profit
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3012259000 USD
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34661000 USD
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111680000 USD
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293273000 USD
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800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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20400000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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456604000 USD
CY2016 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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100000 USD
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-2652000 USD
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20377000 USD
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76100000 USD
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750678000 USD
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113752000 USD
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2879000 USD
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1.42
CY2016Q1 us-gaap Profit Loss
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124533000 USD
CY2015 us-gaap Stockholders Equity Other
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48037000 USD
CY2015Q1 us-gaap Restructuring Charges
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7222000 USD
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8438000 USD
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CY2015Q4 us-gaap Profit Loss
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CY2015Q4 hsic Deferred Tax Assets Current Tax Deferred Expense Reserves And Accruals Reserves
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25403000 USD
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29422000 USD
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0 USD
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0 USD
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15882000 USD
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20501000 USD
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34903000 USD
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CY2016Q4 us-gaap Deferred Tax Liabilities
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809700000 USD

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