Henry Schein (HSIC) 10-K Summary — Year Ended Dec 30, 2023
Henry Schein reported a slight decline in revenue for the most recent period, while maintaining positive operating income and net income. The company continues to generate cash from operations to support its business.
Key takeaway
Year ended Dec 30, 2023 · FY2025 10-K
Henry Schein reported a slight decline in revenue for the most recent period, while maintaining positive operating income and net income. The company continues to generate cash from operations to support its business.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$12.3B
Revenue reported for the fiscal year.
Operating income
$615M
Income from operations reported for the year.
Net income
$416M
Net income reported for the year.
Operating cash flow
$500M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 25, 2021 | $12.4B | n/a |
| Dec 31, 2022 | $12.6B | +2.0% |
| Dec 30, 2023 | $12.3B | -2.4% |
Business overview
The company distributes products and services to a broad customer base, relying on supplier relationships and inventory management. Its operations require significant working capital investment, which varies seasonally due to inventory purchasing patterns and customer demand.
Financial performance
Revenue decreased compared to the prior year, reflecting a modest contraction. The company reported operating income and net income, and generated cash from operations that contributed to liquidity.
Material risks
Demand from customers and access to supplier products are critical to the company's financial condition. Any disruption in these areas could adversely affect liquidity and operations.
Liquidity and capital
The company finances its business mainly through cash from operations and credit facilities. Working capital requirements fluctuate due to inventory purchase opportunities and seasonal sales patterns.
What to watch
Monitor the company's ability to sustain revenue levels and manage working capital effectively in the next period.