2023 Q1 Form 10-K Financial Statement

#000100022823000011 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.371B $12.65B
YoY Change 1.22% 1.98%
Cost Of Revenue $2.372B $8.816B
YoY Change 0.89% 1.0%
Gross Profit $999.0M $3.831B
YoY Change 1.99% 4.32%
Gross Profit Margin 29.64% 30.29%
Selling, General & Admin $761.0M $2.771B
YoY Change -1.73% -1.48%
% of Gross Profit 76.18% 72.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.00M $212.0M
YoY Change -11.41% 1.18%
% of Gross Profit 5.21% 5.53%
Operating Expenses $806.0M $2.771B
YoY Change 4.09% -1.48%
Operating Profit $193.0M $747.0M
YoY Change -5.92% -12.29%
Interest Expense -$9.000M $44.00M
YoY Change 38.74% 59.42%
% of Operating Profit -4.66% 5.89%
Other Income/Expense, Net $0.00 $1.000M
YoY Change -100.0% 2339.02%
Pretax Income $63.00M $506.0M
YoY Change -67.37% -14.69%
Income Tax $15.00M $170.0M
% Of Pretax Income 23.81% 33.6%
Net Earnings $47.00M $538.0M
YoY Change -68.08% -14.77%
Net Earnings / Revenue 1.39% 4.25%
Basic Earnings Per Share $3.95
Diluted Earnings Per Share $0.35 $3.91
COMMON SHARES
Basic Shares Outstanding 131.3M shares 135.5M shares 136.1M shares
Diluted Shares Outstanding 137.8M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.0M $117.0M
YoY Change -0.82% -0.82%
Cash & Equivalents $117.0M $117.0M
Short-Term Investments
Other Short-Term Assets $466.0M $466.0M
YoY Change 12.8% 12.8%
Inventory $1.963B $1.963B
Prepaid Expenses
Receivables $1.442B $1.442B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.988B $3.988B
YoY Change 3.75% 3.75%
LONG-TERM ASSETS
Property, Plant & Equipment $667.0M $667.0M
YoY Change 82.01% -3.53%
Goodwill $2.893B
YoY Change 1.37%
Intangibles $587.0M
YoY Change -12.13%
Long-Term Investments $472.0M $472.0M
YoY Change 11.35% 180.76%
Other Assets $283.0M
YoY Change 28.63%
Total Long-Term Assets $4.619B $4.619B
YoY Change -0.39% -0.39%
TOTAL ASSETS
Total Short-Term Assets $3.988B $3.988B
Total Long-Term Assets $4.619B $4.619B
Total Assets $8.607B $8.607B
YoY Change 1.49% 1.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.004B $1.004B
YoY Change -4.74% -4.74%
Accrued Expenses $979.0M $979.0M
YoY Change -7.16% 1.42%
Deferred Revenue $86.00M
YoY Change -3.37%
Short-Term Debt $103.0M $103.0M
YoY Change 101.96% 103.84%
Long-Term Debt Due $6.000M $6.000M
YoY Change -43.61% -43.61%
Total Short-Term Liabilities $2.224B $2.224B
YoY Change -3.6% -3.58%
LONG-TERM LIABILITIES
Long-Term Debt $1.040B $1.040B
YoY Change 28.18% 28.18%
Other Long-Term Liabilities $361.0M $636.0M
YoY Change -4.24% -1.31%
Total Long-Term Liabilities $361.0M $1.676B
YoY Change -4.24% 15.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.224B $2.224B
Total Long-Term Liabilities $361.0M $1.676B
Total Liabilities $3.936B $5.161B
YoY Change 3.44% 2.08%
SHAREHOLDERS EQUITY
Retained Earnings $3.678B
YoY Change 2.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.446B $3.446B
YoY Change
Total Liabilities & Shareholders Equity $8.607B $8.607B
YoY Change 1.49% 1.48%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $47.00M $538.0M
YoY Change -68.08% -14.77%
Depreciation, Depletion And Amortization $52.00M $212.0M
YoY Change -11.41% 1.18%
Cash From Operating Activities $254.0M $602.0M
YoY Change -8.18% -15.16%
INVESTING ACTIVITIES
Capital Expenditures $29.00M $96.00M
YoY Change -195.68% -221.5%
Acquisitions
YoY Change
Other Investing Activities -$36.00M $33.00M
YoY Change -78.56% -0.93%
Cash From Investing Activities -$65.00M -$276.0M
YoY Change -67.21% -59.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $485.0M
YoY Change 20.88%
Debt Paid & Issued, Net $59.00M
YoY Change -51.75%
Cash From Financing Activities -194.0M -$315.0M
YoY Change 147.18% -5.39%
NET CHANGE
Cash From Operating Activities 254.0M $602.0M
Cash From Investing Activities -65.00M -$276.0M
Cash From Financing Activities -194.0M -$315.0M
Net Change In Cash -5.000M $11.00M
YoY Change 8096.72% -103.66%
FREE CASH FLOW
Cash From Operating Activities $254.0M $602.0M
Capital Expenditures $29.00M $96.00M
Free Cash Flow $225.0M $506.0M
YoY Change -26.7% -35.84%

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CY2022 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-315000000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-333000000 usd
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
CY2020 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-5000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-315000000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-333000000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-187000000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-12000000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18000000 usd
CY2022 hsic Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperations
-1000000 usd
CY2021 hsic Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperations
-303000000 usd
CY2020 hsic Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperations
315000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118000000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
421000000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
106000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118000000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
421000000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<div id="TextBlockContainer527" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:696px;height:252px;"><div id="a33124" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:italic;color:#000000;left:5px;top:0px;">Nature of Operations </div><div id="a33127" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:32px;">We distribute health care products and services primarily to office-based dental and medical practitioners, across </div><div id="a33137" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:49px;">dental practices, laboratories, physician practices, and ambulatory surgery centers,<div style="display:inline-block;width:2px"> </div>as well as government, </div><div id="a33138" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:66px;">institutional health care clinics and alternate care clinics.<div style="display:inline-block;width:6px"> </div>We also provide software, technology and other value-</div><div id="a33142" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:83px;">added services to health care practitioners.<div style="display:inline-block;width:7px"> </div>Our dental businesses serve office-based dental practitioners, dental </div><div id="a33146" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:100px;">laboratories, schools, government and other institutions.<div style="display:inline-block;width:6px"> </div>Our medical businesses serve physician offices, urgent </div><div id="a33150" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:117px;">care centers, ambulatory care sites, emergency medical technicians, dialysis centers,<div style="display:inline-block;width:2px"> </div>home health, federal and state </div><div id="a33151" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:133px;">governments and large enterprises, such as group practices and integrated delivery networks,<div style="display:inline-block;width:2px"> </div>among other providers </div><div id="a33153" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:150px;">across a wide range of specialties. </div><div id="a33156" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:184px;">We have operations or affiliates in the United States, Australia, Austria, Belgium, Brazil, Canada, Chile, China, the </div><div id="a33158" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:201px;">Czech Republic, France, Germany, Hong Kong SAR, Ireland, Israel, Italy, Japan, Liechtenstein, Luxembourg, </div><div id="a33162" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:218px;">Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Singapore, South<div style="display:inline-block;width:2px"> </div>Africa, Spain, Sweden, </div><div id="a33168" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:235px;">Switzerland, Thailand, United Arab Emirates and the United Kingdom.</div></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div id="TextBlockContainer535" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:689px;height:287px;"><div id="a33255" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:italic;color:#000000;left:5px;top:0px;">Use of Estimates </div><div id="a33259" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:34px;">The preparation of financial statements in conformity with accounting principles<div style="display:inline-block;width:2px"> </div>generally accepted in the United </div><div id="a33260" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:51px;">States requires us to make estimates and assumptions that affect the reported amounts of<div style="display:inline-block;width:2px"> </div>assets and liabilities and </div><div id="a33261" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:68px;">disclosure of contingent assets and liabilities at the date of the financial<div style="display:inline-block;width:2px"> </div>statements and the reported amounts of </div><div id="a33263" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:84px;">revenues and expenses during the reporting period.<div style="display:inline-block;width:6px"> </div>Actual results could differ from those estimates. </div><div id="a33266" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:118px;">In March 2020, the World Health Organization declared the Novel Coronavirus Disease 2019 (“COVID-19”) a </div><div id="a33272" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:135px;">pandemic.<div style="display:inline-block;width:7px"> </div>The COVID-19 pandemic negatively impacted the global economy, disrupted global supply chains and </div><div id="a33277" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:152px;">created significant volatility and disruption<div style="display:inline-block;width:3px"> </div>of global financial markets.<div style="display:inline-block;width:7px"> </div>In response, many countries implemented </div><div id="a33281" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:169px;">business closures and restrictions, stay-at-home and social distancing ordinances<div style="display:inline-block;width:2px"> </div>and similar measures to combat </div><div id="a33286" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:186px;">the pandemic, which significantly impacted global business and dramatically<div style="display:inline-block;width:2px"> </div>reduced demand for dental products </div><div id="a33288" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:202px;">and certain medical products in the second quarter of 2020.<div style="display:inline-block;width:6px"> </div>Demand for these non-PPE products increased in the </div><div id="a33296" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:219px;">second half of 2020 and continued throughout the years ended December 25,<div style="display:inline-block;width:2px"> </div>2021 and December 31, 2022, </div><div id="a33301" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:236px;">resulting in growth over the prior years.<div style="display:inline-block;width:7px"> </div>Demand for PPE products declined during the year ended<div style="display:inline-block;width:2px"> </div>December 31, </div><div id="a33305" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:253px;">2022.<div style="display:inline-block;width:7px"> </div></div></div><div id="TextBlockContainer540" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:694px;height:170px;"><div id="div_538_XBRL_TS_5577b96075804daabc0856c6210ef2b1_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer539" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:694px;height:170px;"><div id="a33320" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:0px;">Our consolidated financial statements reflect estimates and assumptions<div style="display:inline-block;width:2px"> </div>made by us that affect, among other things, </div><div id="a33323" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:17px;">our goodwill, long-lived asset and definite-lived intangible asset valuation;<div style="display:inline-block;width:2px"> </div>inventory valuation; equity investment </div><div id="a33328" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:34px;">valuation; assessment of the annual effective tax rate; valuation of deferred income<div style="display:inline-block;width:2px"> </div>taxes and income tax </div><div id="a33330" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:51px;">contingencies; the allowance for doubtful accounts; hedging activity; supplier<div style="display:inline-block;width:2px"> </div>rebates; measurement of </div><div id="a33331" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:68px;">compensation cost for certain share-based performance awards and cash bonus<div style="display:inline-block;width:2px"> </div>plans; and pension plan </div><div id="a33334" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:84px;">assumptions.<div style="display:inline-block;width:7px"> </div>Due to the significant uncertainty surrounding the future impact of<div style="display:inline-block;width:2px"> </div>COVID-19, our judgments </div><div id="a33338" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:101px;">regarding estimates and impairments could change in the future.<div style="display:inline-block;width:6px"> </div>There is an ongoing risk that the COVID-19 </div><div id="a33341" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:118px;">pandemic may again have a material adverse effect on our business, results of operations<div style="display:inline-block;width:2px"> </div>and cash flows and may </div><div id="a33343" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:135px;">result in a material adverse effect on our financial condition and liquidity.<div style="display:inline-block;width:7px"> </div>However, the extent of the potential </div><div id="a33344" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:152px;">impact cannot be reasonably estimated at this time.</div></div></div></div>
CY2022 us-gaap Fiscal Period
FiscalPeriod
<div id="TextBlockContainer543" style="position:relative;font-family:'Times New Roman';font-size:14.72px;color:#000000;line-height:normal;width:692px;height:83px;"><div id="a33347" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:italic;color:#000000;left:5px;top:0px;">Fiscal Year </div><div id="a33350" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:32px;">We report our results of operations and cash flows on a </div><div id="a33350_56_2" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;left:333px;top:32px;">52</div><div id="a33350_58_1" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:348px;top:32px;">-</div><div id="a33350_59_2" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;left:352px;top:32px;">53</div><div id="a33350_61_53" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:367px;top:32px;"><div style="display:inline-block;width:4px"> </div>week basis ending on the last Saturday of December. </div><div id="a33358" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:49px;">The year ended December 31, 2022 consisted of </div><div id="a33358_46_2" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;left:292px;top:49px;">53</div><div id="a33358_48_60" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:307px;top:49px;"><div style="display:inline-block;width:4px"> </div>weeks, and the years ended, December 25, 2021 and December </div><div id="a33364" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:5px;top:66px;">26, 2020 consisted of </div><div id="a33364_22_2" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;left:134px;top:66px;">52</div><div id="a33364_24_7" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;color:#000000;left:149px;top:66px;"><div style="display:inline-block;width:4px"> </div>weeks.</div></div>
CY2022 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P371D
CY2021 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2020 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2022Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
8000000 usd
CY2021Q4 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
8000000 usd
CY2022 hsic Distribution Network Costs
DistributionNetworkCosts
103000000 usd
CY2021 hsic Distribution Network Costs
DistributionNetworkCosts
89000000 usd
CY2020 hsic Distribution Network Costs
DistributionNetworkCosts
72000000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
47000000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
48000000 usd
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
32000000 usd
CY2022Q4 us-gaap Bank Overdrafts
BankOverdrafts
54000000 usd
CY2021Q4 us-gaap Bank Overdrafts
BankOverdrafts
2000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
67000000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
88000000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
8000000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
36000000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10000000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
21000000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
8000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
89000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
86000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
8000000 usd
CY2022 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option.
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7000000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
34000000 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1000000 usd
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
20000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12647000000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12401000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10119000000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
32
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12647000000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12401000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10119000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
747000000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
852000000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
535000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
721000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
831000000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
212000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
210000000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
186000000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
17000000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000000 usd
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000000 usd
CY2022 us-gaap Interest Expense
InterestExpense
44000000 usd
CY2021 us-gaap Interest Expense
InterestExpense
28000000 usd
CY2020 us-gaap Interest Expense
InterestExpense
41000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
170000000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
198000000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
95000000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
96000000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79000000 usd
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
49000000 usd
CY2022Q4 us-gaap Assets
Assets
8607000000 usd
CY2021Q4 us-gaap Assets
Assets
8481000000 usd
CY2020Q4 us-gaap Assets
Assets
7773000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12647000000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4147000000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12401000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4213000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10119000000 usd
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2398 shares
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Income Taxes Paid
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
207000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
10000000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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12000000 usd
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
36000000 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
44000000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
6000000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7000000 usd

Files In Submission

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hsic-20221231_cal.xml Edgar Link unprocessable
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