AI English summary of an SEC filing — figures as filed
Henry Schein HSICThe company said the cybersecurity incident primarily affected the operations of its North American and European dental and medical distribution businesses. It said it maintains cybersecurity insurance with a $60 million policy following a $5 million retention for the October 2023 incident.
Key points
AI summaryThe company said the cybersecurity incident primarily affected the operations of its North American and European dental and medical distribution businesses. It said it maintains cybersecurity insurance with a $60 million policy following a $5 million retention for the October 2023 incident.
Global net sales for the fiscal year ended December 30, 2023 decreased 2.4%, the company said. It cited a 4.4% decrease in internally generated local currency sales, along with lower sales of PPE and COVID-19 test kits and the negative impact of the cybersecurity incident.
The company said net sales for dental rose 0.9% for the year and net sales for medical fell 10.3%. Technology and value-added services net sales increased 11.4%. The company said the segment was not materially affected by the cybersecurity incident in Q4.
The company said net cash provided by operating activities for the year was $500 million, compared with $602 million in the prior year. Net cash used in investing activities was $1,135 million, and net cash provided by financing activities was $701 million. The company cited higher net borrowings and lower share repurchases.
Key figures
Fiscal year ended December 30, 2023
- Revenue
- $12.3B
- Operating income
- $615M
- Net income
- $416M
- EPS
- $3.16
- Gross profit
- $3.9B
- Operating cash flow
- $500M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
October 2023 Cybersecurity Incident and Insurance
The company said the cybersecurity incident primarily affected the operations of its North American and European dental and medical distribution businesses. It said it maintains cybersecurity insurance with a $60 million policy following a $5 million retention for the October 2023 incident.
Source · Based on the MD&A text of the filing
Global Net Sales Down 2.4% for the Year
Global net sales for the fiscal year ended December 30, 2023 decreased 2.4%, the company said. It cited a 4.4% decrease in internally generated local currency sales, along with lower sales of PPE and COVID-19 test kits and the negative impact of the cybersecurity incident.
Source · Based on the MD&A text of the filing
Net Sales by Segment Change
The company said net sales for dental rose 0.9% for the year and net sales for medical fell 10.3%. Technology and value-added services net sales increased 11.4%. The company said the segment was not materially affected by the cybersecurity incident in Q4.
Source · Based on the MD&A text of the filing
Annual Cash Flow Breakdown
The company said net cash provided by operating activities for the year was $500 million, compared with $602 million in the prior year. Net cash used in investing activities was $1,135 million, and net cash provided by financing activities was $701 million. The company cited higher net borrowings and lower share repurchases.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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