2017 Q4 Form 10-K Financial Statement

#000100022818000012 Filed on February 21, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $3.318B $3.121B $2.865B
YoY Change 6.32% 9.47% 6.68%
Cost Of Revenue $2.417B $2.261B $2.077B
YoY Change 6.89% 10.23% 7.26%
Gross Profit $901.0M $859.5M $787.7M
YoY Change 4.82% 7.53% 5.18%
Gross Profit Margin 27.15% 27.54% 27.49%
Selling, General & Admin $659.8M $629.4M $581.6M
YoY Change 4.83% 7.37% 5.44%
% of Gross Profit 73.23% 73.23% 73.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.80M $44.00M $42.40M
YoY Change 17.73% 9.45% -0.7%
% of Gross Profit 5.75% 5.12% 5.38%
Operating Expenses $659.8M $629.5M $581.6M
YoY Change 4.81% 7.39% 5.44%
Operating Profit $241.2M $230.0M $200.7M
YoY Change 4.87% 14.6% 6.27%
Interest Expense -$12.20M -$6.700M $7.488M
YoY Change 82.09% 63.41% 18.91%
% of Operating Profit -5.06% -2.91% 3.73%
Other Income/Expense, Net -$900.0K -$300.0K -$199.0K
YoY Change 200.0% -250.0% -28.16%
Pretax Income $228.0M $207.0M $196.2M
YoY Change 10.14% 5.18% 5.79%
Income Tax $63.30M $58.90M $56.60M
% Of Pretax Income 27.76% 28.45% 28.85%
Net Earnings -$8.535M $139.2M $133.7M
YoY Change -106.13% 7.12% 4.68%
Net Earnings / Revenue -0.26% 4.46% 4.67%
Basic Earnings Per Share -$0.06 $0.83
Diluted Earnings Per Share -$0.06 $864.6K $0.82
COMMON SHARES
Basic Shares Outstanding 157.0M shares 161.8M shares
Diluted Shares Outstanding 163.7M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.7M $62.40M $76.20M
YoY Change 179.97% -13.45% 25.95%
Cash & Equivalents $158.0M $62.38M $76.19M
Short-Term Investments
Other Short-Term Assets $454.8M $360.5M $373.8M
YoY Change 26.16% -14.02% -9.07%
Inventory $1.934B $1.666B $1.468B
Prepaid Expenses
Receivables $1.523B $1.254B $1.368B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.086B $3.343B $3.286B
YoY Change 22.23% 3.46% 5.31%
LONG-TERM ASSETS
Property, Plant & Equipment $375.0M $333.9M $324.1M
YoY Change 12.31% 4.84% 3.91%
Goodwill $1.554B $2.020B
YoY Change -23.08% 5.88%
Intangibles $669.6M $621.2M
YoY Change 7.8% 4.76%
Long-Term Investments $432.0M $442.8M $454.7M
YoY Change -2.44% 37.9% 7.57%
Other Assets
YoY Change
Total Long-Term Assets $3.778B $3.469B $3.348B
YoY Change 8.91% 5.0% 2.96%
TOTAL ASSETS
Total Short-Term Assets $4.086B $3.343B $3.286B
Total Long-Term Assets $3.778B $3.469B $3.348B
Total Assets $7.864B $6.812B $6.634B
YoY Change 15.45% 4.24% 4.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.153B $1.007B $931.1M
YoY Change 14.47% 0.14% 6.56%
Accrued Expenses $728.8M $658.2M $599.8M
YoY Change 10.73% 3.9% 8.11%
Deferred Revenue $85.70M
YoY Change
Short-Term Debt $741.7M $437.5M $333.1M
YoY Change 69.53% 33.14% 78.22%
Long-Term Debt Due $16.70M $65.90M $17.50M
YoY Change -74.66% 280.92% 20.69%
Total Short-Term Liabilities $2.829B $2.321B $2.040B
YoY Change 21.9% 8.09% 13.49%
LONG-TERM LIABILITIES
Long-Term Debt $907.8M $715.5M $718.0M
YoY Change 26.88% 54.27% 20.25%
Other Long-Term Liabilities $420.0M $264.3M $257.8M
YoY Change 58.95% 24.58% 27.38%
Total Long-Term Liabilities $420.0M $264.3M $975.8M
YoY Change 58.95% 24.58% 382.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.829B $2.321B $2.040B
Total Long-Term Liabilities $420.0M $264.3M $975.8M
Total Liabilities $4.207B $3.352B $3.738B
YoY Change 25.52% 8.98% 31.4%
SHAREHOLDERS EQUITY
Retained Earnings $2.943B $2.982B
YoY Change -1.31% 2.96%
Common Stock $0.00 $126.7M
YoY Change -100.0% -38.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.811B $2.793B $2.895B
YoY Change
Total Liabilities & Shareholders Equity $7.864B $6.760B $6.634B
YoY Change 16.32% 3.93% 4.11%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$8.535M $139.2M $133.7M
YoY Change -106.13% 7.12% 4.68%
Depreciation, Depletion And Amortization $51.80M $44.00M $42.40M
YoY Change 17.73% 9.45% -0.7%
Cash From Operating Activities $238.0M $264.5M $178.7M
YoY Change -10.02% -11.33% 66.39%
INVESTING ACTIVITIES
Capital Expenditures -$26.20M -$25.70M -$18.30M
YoY Change 1.95% 31.79% -2.66%
Acquisitions
YoY Change
Other Investing Activities $4.700M -$110.9M -$41.10M
YoY Change -104.24% 199.73% -52.65%
Cash From Investing Activities -$21.50M -$136.6M -$59.40M
YoY Change -84.26% 141.77% -43.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -128.7M -129.0M -106.4M
YoY Change -0.23% -41.73% -668.98%
NET CHANGE
Cash From Operating Activities 238.0M 264.5M 178.7M
Cash From Investing Activities -21.50M -136.6M -59.40M
Cash From Financing Activities -128.7M -129.0M -106.4M
Net Change In Cash 87.80M -1.100M 12.90M
YoY Change -8081.82% -105.39% -37.07%
FREE CASH FLOW
Cash From Operating Activities $238.0M $264.5M $178.7M
Capital Expenditures -$26.20M -$25.70M -$18.30M
Free Cash Flow $264.2M $290.2M $197.0M
YoY Change -8.96% -8.68% 56.1%

Facts In Submission

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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;' >Fiscal Year</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;' >We report our results of operations and cash flows on a 52</font><font style='font-family:Times New Roman;font-size:11pt;' >-53 week basis ending on the last </font><font style='font-family:Times New Roman;font-size:11pt;' >Saturday of December. The year</font><font style='font-family:Times New Roman;font-size:11pt;' > ended </font><font style='font-family:Times New Roman;font-size:11pt;' >December 30, 2017</font><font style='font-family:Times New Roman;font-size:11pt;' > consisted of 52 weeks, the year</font><font style='font-family:Times New Roman;font-size:11pt;' > ended </font><font style='font-family:Times New Roman;font-size:11pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:11pt;' > consisted of 53 weeks </font><font style='font-family:Times New Roman;font-size:11pt;' >and the year ended </font><font style='font-family:Times New Roman;font-size:11pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:11pt;' > </font><font style='font-family:Times New Roman;font-size:11pt;' >consisted of 52 </font><font style='font-family:Times New Roman;font-size:11pt;' >weeks.</font></p></div>
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No
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184425000 USD
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8617000 USD
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399000 USD
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CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2000 USD
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CY2017 us-gaap Number Of Reportable Segments
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2
CY2017 dei Amendment Flag
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false
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1443000 USD
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CY2016Q4 hsic Distribution Rights And Exclusivity Agreements Net Of Amortization
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1937000 USD
CY2017Q4 hsic Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Attributable To Nonredeemable Noncontrolling Interests Net Of Tax
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539000 USD
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CY2016 hsic Income Tax Reconciliation Interest Expense Related To Loans
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CY2017 us-gaap Earnings Per Share Diluted
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2.57
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46108000 USD
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3.14
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800000 USD
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1008000 USD
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150000 USD
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CY2015Q4 hsic Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Attributable To Redeemable Noncontrolling Interest Net Of Tax
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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35672000 USD
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130043000 USD
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507635000 USD
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2000 USD
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16659000 USD
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58200000 USD
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EarningsPerShareDiluted
0.69
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63800000 USD
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13812000 USD
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3500000 USD
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459293000 USD
CY2017 dei Document Type
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10-K
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375001000 USD
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0 USD
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CY2016Q3 us-gaap Net Income Loss
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268364000 USD
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188873000 USD
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8113000 USD
CY2015 us-gaap Marketing And Advertising Expense
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19200000 USD
CY2017 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017 us-gaap Use Of Estimates
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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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301282000 USD
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-53000 USD
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1537000 USD
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2922948000 USD
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-130067000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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49617000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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193072000 USD
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36269000 USD
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12935000 USD
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-3000 USD
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43588000 USD
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264264000 USD
CY2017 hsic Initial Noncontrolling Interests And Adjustments Related To Business Acquisitions
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8050000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
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42300000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2563000 shares
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
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907756000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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1799000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2819040000 USD
CY2016Q4 us-gaap Minority Interest
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7738000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
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107432000 USD
CY2016Q2 us-gaap Restructuring Charges
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20383000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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15882000 USD
CY2015 hsic Comprehensive Income Attributable To Noncontrolling Interests Excluding Comprehensive Income Attributable To Redeemable Noncontrolling Interests
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741000 USD
CY2016 us-gaap Temporary Equity Foreign Currency Translation Adjustments
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-2652000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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90400000 USD
CY2016Q2 us-gaap Sales Revenue Net
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22525000 USD
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0 USD
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11404000 USD
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6534740000 USD
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625792000 USD
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593273000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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621180000 USD
CY2017Q3 dei Entity Public Float
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14360474000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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39539000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2017 us-gaap Depreciation
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67300000 USD
CY2015 us-gaap Earnings Per Share Basic
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2.89
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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715457000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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26695000 USD
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-317041000 USD
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506778000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
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362021000 USD
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29114000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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406353000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
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15366000 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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5000000 USD
CY2017 us-gaap Minority Interest Decrease From Redemptions
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48669000 USD
CY2016 us-gaap Selling General And Administrative Expense
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2409008000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2793066000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
193968000 USD
CY2015 hsic Adjustments To Additional Paid In Capital Share Based Compensation Other Longterm Incentive Plans Settled In Cash
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationOtherLongtermIncentivePlansSettledInCash
729000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
287996000 USD
CY2017 hsic Deferred Taxes Purchases Of Noncontrolling Interest In Certain Subsidiaries
DeferredTaxesPurchasesOfNoncontrollingInterestInCertainSubsidiaries
35681000 USD
CY2017Q4 hsic Deferred Tax Assets Noncurrent Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsNoncurrentTaxDeferredExpenseReservesAndAccrualsReserves
23715000 USD
CY2017 hsic Unrecognized Tax Benefits Including Accrued Interest
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105200000 USD
CY2017 us-gaap Amortization Of Intangible Assets
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116500000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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-13647000 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2016Q4 us-gaap Noncurrent Assets
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2974826000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12457000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1421000 shares
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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393790000 USD
CY2016Q3 us-gaap Gross Profit
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787675000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-24433000 USD
CY2017 us-gaap Gross Profit
GrossProfit
3399103000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-134035000 USD
CY2017 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
7461000 USD
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-17636000 USD
CY2016 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2015 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2016 hsic Deferred Taxes Purchases Of Noncontrolling Interest In Certain Subsidiaries
DeferredTaxesPurchasesOfNoncontrollingInterestInCertainSubsidiaries
48037000 USD
CY2017 hsic Changes In Fair Value Of Redeemable Securities
ChangesInFairValueOfRedeemableSecurities
-162729000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5266000 USD
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StockIssuedDuringPeriodValueShareBasedCompensation
42294000 USD
CY2017 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
44776000 USD
CY2017 hsic Adjustments To Additional Paid In Capital Share Based Compensation Other Longterm Incentive Plans Settled In Cash
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationOtherLongtermIncentivePlansSettledInCash
599000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-10921000 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12595000 USD
CY2015 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12902000 USD
CY2017 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
140000000 USD
CY2016 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
0 USD
CY2015 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
0 USD
CY2017 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
34048000 USD
CY2016 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2015 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
44832000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
27115000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28659000 USD
CY2017 hsic Reclassification Of Additional Paid In Capital To Retained Earnings
ReclassificationOfAdditionalPaidInCapitalToRetainedEarnings
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
20400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
65800000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10400000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
19600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9700000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4300000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90400000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
10500000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
7600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77600000 USD
CY2017 hsic Income Tax Reconciliation Excess Tax Benefits Share Based Compensation Amount
IncomeTaxReconciliationExcessTaxBenefitsShareBasedCompensationAmount
-17387000 USD
CY2016 hsic Income Tax Reconciliation Excess Tax Benefits Share Based Compensation Amount
IncomeTaxReconciliationExcessTaxBenefitsShareBasedCompensationAmount
0 USD
CY2015 hsic Income Tax Reconciliation Excess Tax Benefits Share Based Compensation Amount
IncomeTaxReconciliationExcessTaxBenefitsShareBasedCompensationAmount
0 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.441 pure
CY2017 hsic Effective Income Tax Rate Excluding Unfavorable Response To Petition
EffectiveIncomeTaxRateExcludingUnfavorableResponseToPetition
0.267 pure
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1400000000 USD
CY2017 us-gaap Loss Contingency Managements Assessment And Process
LossContingencyManagementsAssessmentAndProcess
As of December 30, 2017, we had accrued our best estimate of potential losses relating to claims that were probable to result in liability and for which we were able to reasonably estimate a loss.  This accrued amount, as well as related expenses, was not material to our financial position, results of operations or cash flows.  Our method for determining estimated losses considers currently available facts, presently enacted laws and regulations and other factors, including probable recoveries from third parties.
CY2016Q4 hsic Deferred Tax Assets Liabilities Noncurrent Other
DeferredTaxAssetsLiabilitiesNoncurrentOther
23836000 USD
CY2017 hsic Adjustment For Changes In Unrecognized Tax Benefits
AdjustmentForChangesInUnrecognizedTaxBenefits
-2318000 USD
CY2016 hsic Adjustment For Changes In Unrecognized Tax Benefits
AdjustmentForChangesInUnrecognizedTaxBenefits
6013000 USD
CY2017 us-gaap Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
The tax years subject to examination by major tax jurisdictions include the years 2012 and forward by the U.S. Internal Revenue Service (“IRS”), as well as the years 2008 and forward for certain states and certain foreign jurisdictions. In December 2014, the IRS issued a Statutory Notice of Deficiency for 2009, 2010 and 2011.  During the quarter ended March 28, 2015, we filed our petition to the U.S. Tax Court disputing the adjustments proposed by the IRS. During the quarter ended June 27, 2015, we were notified by the IRS that our protest was transferred to the Appellate Divisions (Appeals Section) of the IRS. During the quarter ended March 26, 2016, we filed our protest with the Appellate Division. The opening appeals conference was held on June 8, 2016 and a proposed settlement was reached.  On July 13, 2016, a joint status report was filed with the Tax Court indicating a basis for settlement had been reached on all of the issues in this case.  On October 7, 2016 an executed decision document was signed by the Internal Revenue Service’s Special Trial Attorney and submitted to the Tax Court finalizing the Appeals decision. Additionally, during the quarter ended December 31, 2016 we filed a Mutual Agreement Procedure request with the IRS for assistance from the U.S. Competent Authority for an open Transfer Pricing issue which resulted in a partial settlement during the quarter ended December 30, 2017. We do not expect this to have a material effect on our consolidated financial position, liquidity or the results of operations.
CY2017 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
140000000 USD
CY2016 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
0 USD
CY2015 hsic Tax Cuts And Jobs Act Of2017 Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017AccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
0 USD
CY2017 hsic Income Tax Reconciliation Deferred Tax Assets And Liabilities Revaluation Amount
IncomeTaxReconciliationDeferredTaxAssetsAndLiabilitiesRevaluationAmount
2953000 USD
CY2016 hsic Income Tax Reconciliation Deferred Tax Assets And Liabilities Revaluation Amount
IncomeTaxReconciliationDeferredTaxAssetsAndLiabilitiesRevaluationAmount
0 USD
CY2015 hsic Income Tax Reconciliation Deferred Tax Assets And Liabilities Revaluation Amount
IncomeTaxReconciliationDeferredTaxAssetsAndLiabilitiesRevaluationAmount
0 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-213000 USD
CY2017 hsic Noncontrolling Interest Decrease From Purchase Of Interests
NoncontrollingInterestDecreaseFromPurchaseOfInterests
4150000 USD
CY2015 hsic Adjustment For Changes In Unrecognized Tax Benefits
AdjustmentForChangesInUnrecognizedTaxBenefits
6494000 USD
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.1
CY2017 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
17600000 USD

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