DENTSPLY SIRONA Inc.

10-K & 10-Q Filings

Dentsply Sirona Inc. is a global dental products and technologies company with a 137-year history of innovation and a mission to improve oral health and continence care worldwide. The company offers a broad suite of products and solutions for dental practitioners, including dental technology and equipment, clear aligners, and dental consumable products. It also manufactures and sells healthcare consumable products for urology and enterology. Dentsply Sirona's business strategy includes an integrated approach to customer service, creating innovative solutions, thinking and acting with positive intent and the highest integrity, using size and global breadth to its advantage, and operating sustainably. The company's website is <https://www.dentsplysirona.com>, and its ticker symbol is XRAY. Dentsply Sirona operates through four reportable segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company's principal product categories are dental technology and equipment products, clear aligners, and dental consumable products. It distributes approximately two-thirds of its dental consumable and technology and equipment products through third-party distributors. The company focuses on continuous innovation and product development to maintain market leadership and grow its share in the markets it serves. It also invests in clinical education and research to support the clinical education and technical training of dental professionals and develop new products. The company's manufacturing processes require substantial technical expertise and it endeavors to automate its global manufacturing operations to improve product quality and lower costs.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2537.72
2928.43
2950.77
2922.62
2674.30
3745.30
3993.40
3986.30
4029.20
3342.00
4251.00
3922.00
3965.00
978.00
953.00
3.79%-2.56%Cost of Revenue (-)
$1264.28
1372.04
1373.36
1322.83
1157.10
1744.40
1804.90
1918.50
1864.10
1685.00
1890.00
1795.00
1879.00
459.00
447.00
3.36%-2.61%Gross Profit (+)
$1273.44
1556.39
1577.41
1599.79
1517.20
2000.90
2188.50
2067.80
2165.10
1657.00
2361.00
2127.00
2086.00
519.00
506.00
4.20%-2.50%Selling, General & Administrative (-)
$936.85
1148.73
1144.89
1143.11
1077.30
1523.00
1674.70
1719.10
1723.50
1435.00
1551.00
1589.00
1613.00
416.00
415.00
4.63%-0.24%Research & Development (-)
$
171.00
174.00
184.00
46.00
42.00
-8.70%Non-recurring Operating Expenses (-)
$35.87
25.72
13.36
11.08
64.70
23.20
2076.10
1306.80
157.00
1301.00
67.00
59.00
7.00
5.35%-88.14%Operating Expenses (-)
$972.71
1174.45
1158.25
1154.19
1142.00
1546.20
3750.80
3025.90
1804.20
1669.00
1722.00
3064.00
2171.00
521.00
464.00
6.92%-10.94%Costs & Expenses (Total) (-)
$2236.99
2546.49
2531.60
2477.02
2299.10
3290.60
5555.70
4944.40
3668.30
3354.00
3612.00
4859.00
4050.00
980.00
911.00
5.07%-7.04%Operating Income/Loss (+)
$300.73
381.94
419.17
445.60
375.20
454.70
-1562.30
-958.10
360.90
-12.00
622.00
-937.00
-85.00
-2.00
42.00
2200.00%Non-operating Income/Expense (+)
$1.55
2.32
0.77
5.34
8.80
22.10
-2.90
37.00
13.90
-63.00
-118.00
-9.00
-7.00
7.00
200.00%Interest Expense (-)
$43.81
56.85
49.63
46.91
55.90
35.90
38.30
37.30
29.40
48.00
55.00
60.00
81.00
19.00
18.00
5.25%-5.26%Earnings before Tax (+)
$256.11
330.68
369.33
404.37
329.70
440.90
-1603.50
-958.40
345.40
-60.00
559.00
-1055.00
-175.00
-28.00
31.00
210.71%Tax Expense (-)
$11.02
8.92
52.15
81.12
77.00
9.50
-53.20
52.50
82.30
23.00
138.00
-105.00
-43.00
-5.00
14.00
380.00%Income/Loss (Continuing Operations) (+)
$245.09
321.76
317.19
323.25
252.70
431.40
-1550.30
-1010.90
263.10
-83.00
421.00
-950.00
-132.00
-23.00
17.00
173.91%Profit/Loss (+)
$247.45
318.49
318.16
322.91
251.10
431.40
-1550.30
-1010.90
263.10
-83.00
421.00
-950.00
-132.00
-23.00
17.00
173.91%Net Income/Loss (NCI) (-)
$2.93
4.28
4.97
0.06
-0.10
1.50
-0.30
0.10
0.20
-4.00
-1.00
75.00%Net Income/Loss (+)
$244.52
314.21
313.19
322.85
251.20
429.90
-1550.00
-1011.00
262.90
-83.00
421.00
-950.00
-132.00
-19.00
18.00
194.74%Net Income/Loss (Common) (+)
$244.52
314.21
313.19
322.85
251.20
429.90
-1550.00
-1011.00
262.90
-83.00
421.00
-950.00
-132.00
-19.00
18.00
194.74%EPS (Basic)
$1.73
2.22
2.20
2.28
1.79
1.97
-6.76
-4.51
1.18
-0.38
1.93
-4.41
-0.62
-0.09
0.09
200.00%EPS (Diluted)
$1.70
2.18
2.16
2.24
1.76
1.94
-6.76
-4.51
1.17
-0.38
1.91
-4.41
-0.62
-0.09
0.09
200.00%Weighted Avg Shares (Basic)
141.39
141.85
142.66
141.71
140.00
218.00
229.40
224.30
223.10
219.20
218.40
215.50
212.00
214.50
207.40
3.43%-3.31%Weighted Avg Shares (Diluted)
143.55
143.94
144.97
144.22
142.50
221.60
229.40
224.30
224.40
219.20
220.20
215.50
212.00
214.50
208.50
3.30%-2.80%Cash
$77.13
80.13
74.95
151.64
284.60
383.90
320.60
309.60
404.90
438.00
339.00
365.00
334.00
318.00
291.00
12.99%-8.49%Receivables
$427.71
442.41
472.80
426.61
399.90
636.00
746.20
701.90
782.00
673.00
747.00
632.00
695.00
652.00
656.00
4.13%0.61%Inventory
$361.76
402.94
438.56
387.10
340.40
517.10
623.10
598.90
561.70
466.00
504.00
627.00
624.00
659.00
613.00
4.65%-6.98%Prepaid Expenses (Current)
$146.30
185.61
157.49
241.63
171.80
345.60
312.60
277.60
251.30
214.00
247.00
269.00
320.00
314.00
342.00
6.74%8.92%Assets (Current)
$1012.90
1111.10
1143.80
1206.97
1196.70
1882.60
2002.50
1888.00
1999.90
1791.00
1837.00
1893.00
1973.00
1943.00
1902.00
5.71%-2.11%Property, Plant & Equipment (Net)
$591.45
614.71
637.17
588.85
558.80
799.80
876.00
870.60
961.70
967.00
966.00
961.00
978.00
961.00
953.00
4.28%-0.83%Goodwill & Intangibles
$2981.16
3041.60
3076.92
2760.18
2588.30
8909.60
7339.90
5851.60
5572.80
6490.00
6295.00
4591.00
4143.00
4563.00
4018.00
2.78%-11.94%Other Assets
$169.89
204.90
220.15
94.27
59.10
64.10
156.10
76.80
68.50
94.00
122.00
198.00
276.00
206.00
250.00
4.13%21.36%Assets (Non-current)
$3742.50
3861.20
3934.24
3443.30
3206.20
9773.50
8372.00
6799.00
6603.00
7551.00
7383.00
5750.00
5397.00
5730.00
5221.00
3.10%-8.88%Assets (Total)
$4755.40
4972.30
5078.05
4650.27
4402.90
11656.10
10374.50
8687.00
8602.90
9342.00
9220.00
7643.00
7370.00
7673.00
7123.00
3.72%-7.17%Accounts Payable
$447.37
628.82
486.54
540.76
463.90
749.90
924.40
920.90
993.20
1018.00
1004.00
1052.00
1103.00
1058.00
987.00
7.81%-6.71%Debt (Current)
$276.70
298.96
309.86
112.83
12.10
21.10
30.10
92.40
2.30
299.00
182.00
118.00
322.00
316.00
343.00
1.27%8.54%Liabilities (Current)
$724.07
927.78
796.40
653.59
476.00
771.00
954.50
1013.30
995.50
1317.00
1186.00
1170.00
1425.00
1374.00
1330.00
5.80%-3.20%Debt (Non-current)
$1490.01
1222.04
1166.18
1152.88
1141.00
1511.10
1611.60
1564.90
1552.60
1978.00
1913.00
1826.00
1796.00
1842.00
1747.00
1.57%-5.16%Other Liabilities
$657.16
573.04
537.49
521.59
446.50
1248.10
1180.50
975.80
959.90
1077.00
1078.00
835.00
855.00
819.00
788.00
2.22%-3.79%Liabilities (Non-current)
$2147.17
1795.07
1703.67
1674.47
1587.50
2759.20
2792.10
2540.70
2512.50
3055.00
2991.00
2661.00
2651.00
2661.00
2535.00
1.77%-4.74%Liabilities (Total)
$2871.25
2722.85
2500.07
2328.07
2063.50
3530.20
3746.60
3554.00
3508.00
4372.00
4177.00
3831.00
4076.00
4035.00
3865.00
2.96%-4.21%Treasury Stock
$727.98
713.74
748.51
841.63
898.40
1647.30
1955.40
2151.00
2301.30
2409.00
2535.00
2649.00
2922.00
2759.00
2908.00
12.28%5.40%Retained Earnings
$2535.71
2818.46
3095.72
3380.75
3591.00
3948.00
2316.20
1225.90
1404.20
1233.00
1560.00
456.00
205.00
407.00
190.00
-18.91%-53.32%AOCI
$-190.97
-144.20
-69.06
-441.14
-594.00
-705.70
-291.00
-478.70
-599.70
-464.00
-592.00
-628.00
-636.00
-614.00
-666.00
-8.47%Shareholder's Equity
$1884.15
2249.44
2577.97
2322.20
2339.40
8125.90
6627.90
5133.00
5094.90
4970.00
5043.00
3812.00
3294.00
3638.00
3258.00
4.77%-10.45%Liabilities & Equity
$4755.40
4972.30
5078.05
4650.27
4402.90
11656.10
10374.50
8687.00
8602.90
9342.00
9220.00
7643.00
7370.00
7673.00
7123.00
3.72%-7.17%Net Income/Loss
$247.45
318.49
318.16
322.91
251.10
431.40
-1550.30
-1010.90
263.10
-83.00
421.00
-950.00
-132.00
-23.00
17.00
173.91%Depreciation & Amortization
$93.06
136.24
132.89
133.68
134.20
276.20
319.00
333.50
325.50
339.00
346.00
328.00
343.00
84.00
86.00
11.48%2.38%Increase/Decrease in Working Capital
$-95.99
38.55
60.22
-46.48
-38.10
43.20
144.80
33.20
19.80
-199.00
158.00
78.00
89.00
139.00
105.00
-24.46%Share-based Compensation
$20.95
22.19
25.10
25.43
25.60
41.30
48.00
21.00
66.20
47.00
48.00
59.00
46.00
17.00
11.00
6.78%-35.29%Adjustments to Reconcile Net Income
$146.02
51.20
99.69
237.49
246.30
132.00
2152.20
1510.70
369.70
718.00
236.00
1467.00
509.00
2.00
8.00
10.97%300.00%Net Cash (Operating)
$393.47
369.69
417.85
560.40
497.40
563.40
601.90
499.80
632.80
635.00
657.00
517.00
377.00
-21.00
25.00
-0.36%219.05%Capital Expenditure
$1861.27
99.22
164.63
107.39
125.60
-65.50
289.50
309.30
109.70
1163.00
362.00
149.00
129.00
39.00
34.00
-19.94%-12.82%Net Cash (Investing)
$-1886.84
-115.02
-260.23
-138.69
-54.90
60.00
-286.40
-253.30
-68.40
-1106.00
-358.00
-138.00
-89.00
-37.00
-43.00
-16.22%Increase/Decrease in Debt
$-251.93
-251.38
-199.18
-267.50
-877.50
-6.50
51.00
-319.70
-699.00
-118.00
-66.00
119.00
198.00
20.00
-89.90%Increase/Decrease in Equity
$-79.50
-38.84
-118.02
-163.19
-112.70
-813.90
-319.10
-222.30
-151.20
-135.00
-149.00
-144.00
-300.00
-150.00
Interest Expenses
$34.05
60.17
50.47
47.82
54.90
36.70
37.00
35.10
30.20
45.00
64.00
70.00
97.00
9.12%Dividends Paid
$28.63
31.43
34.87
37.39
40.00
64.60
78.30
78.60
80.90
88.00
92.00
104.00
116.00
27.00
29.00
12.37%7.41%Net Cash (Financing)
$1002.38
-255.61
-161.69
-336.18
-302.90
-526.20
-400.80
-249.80
-466.10
490.00
-379.00
-329.00
-307.00
17.00
-14.00
-182.35%Cash Taxes Paid
$58.65
109.54
49.83
48.67
71.40
112.30
122.70
104.70
112.10
82.00
148.00
122.00
177.00
9.64%Effect of Exchange Rate
$28.08
3.95
-1.11
-8.84
-6.60
2.10
22.00
-7.70
-3.00
14.00
-19.00
-24.00
-12.00
-6.00
-11.00
-83.33%Increase/Decrease in Cash
$-462.91
3.00
-5.18
76.69
133.00
99.30
-63.30
-11.00
95.30
33.00
-99.00
26.00
-31.00
-47.00
-43.00
8.51%Cash (Beginning)
$540.04
77.13
80.13
74.95
151.60
284.60
383.90
320.60
309.60
405.00
438.00
339.00
365.00
365.00
334.00
-3.21%-8.49%Cash (Ending)
$77.13
80.13
74.95
151.64
284.60
383.90
320.60
309.60
404.90
438.00
339.00
365.00
334.00
318.00
291.00
12.99%-8.49%NOPAT
$231.87
255.41
362.61
391.96
293.95
338.89
-1614.13
-853.43
243.77
4.40
457.32
-1030.26
-105.89
-2.36
23.03
1077.13%Gross Margin %
50.18%
53.15%
53.46%
54.74%
56.73%
53.42%
54.80%
51.87%
53.74%
49.58%
55.54%
54.23%
52.61%
53.07%
53.10%
Operating Margin %
11.85%
13.04%
14.21%
15.25%
14.03%
12.14%
-39.12%
-24.03%
8.96%
-0.36%
14.63%
-23.89%
-2.14%
-0.20%
4.41%
NOPAT Margin %
9.14%
8.72%
12.29%
13.41%
10.99%
9.05%
-40.42%
-21.41%
6.05%
0.13%
10.76%
-26.27%
-2.67%
-0.24%
2.42%
Net Margin %
9.64%
10.73%
10.61%
11.05%
9.39%
11.48%
-38.81%
-25.36%
6.52%
-2.48%
9.90%
-24.22%
-3.33%
-1.94%
1.89%
Tax Rate %
22.90%
33.13%
13.49%
12.04%
21.66%
25.47%
-3.32%
10.92%
32.46%
136.67%
26.48%
-9.95%
-24.57%
-17.86%
45.16%
ROA
4.88%
5.14%
7.14%
8.43%
6.68%
2.91%
-15.56%
-9.82%
2.83%
0.05%
4.96%
-13.48%
-1.44%
-0.03%
0.32%
ROE
12.31%
11.35%
14.07%
16.88%
12.57%
4.17%
-24.35%
-16.63%
4.78%
0.09%
9.07%
-27.03%
-3.21%
-0.06%
0.71%
ROIC
5.60%
6.17%
8.30%
9.76%
7.61%
3.13%
-17.37%
-11.10%
3.23%
0.05%
5.65%
-16.12%
-1.77%
-0.04%
0.40%
Asset Turnover
0.53
0.59
0.58
0.63
0.61
0.32
0.38
0.46
0.47
0.36
0.46
0.51
0.54
0.13
0.13
Inventory Turnover
3.49
3.41
3.13
3.42
3.40
3.37
2.90
3.20
3.32
3.62
3.75
2.86
3.01
0.70
0.73
Equity Multiplier
2.52
2.21
1.97
2.00
1.88
1.43
1.57
1.69
1.69
1.88
1.83
2.00
2.24
2.11
2.19
Current Ratio
1.40
1.20
1.44
1.85
2.51
2.44
2.10
1.86
2.01
1.36
1.55
1.62
1.38
1.41
1.43
Quick Ratio
0.70
0.56
0.69
0.88
1.44
1.32
1.12
1.00
1.19
0.84
0.92
0.85
0.72
0.71
0.71
Debt/Equity Ratio
0.94
0.68
0.57
0.55
0.49
0.19
0.25
0.32
0.31
0.46
0.42
0.51
0.64
0.59
0.64
Interest Coverage Ratio
8.83
6.35
8.31
9.32
6.83
12.39
-42.22
-27.30
11.95
-0.27
9.72
-13.39
-0.88
Working Capital/Sales
0.22
0.16
0.22
0.23
0.27
0.30
0.27
0.24
0.25
0.20
0.20
0.21
0.22
0.68
0.75
R&D/Sales
0.04
0.04
0.05
0.05
0.04
Dividend Payout Ratio %
12.35%
12.30%
9.62%
9.54%
13.61%
19.06%
4.85%
9.21%
33.19%
2000.00%
20.12%
10.09%
109.55%
1145.45%
125.91%
Total Payout
$394.11
130.43
454.75
447.58
475.10
1792.70
440.90
285.00
582.00
967.00
423.00
384.00
394.00
-21.00
9.00
-0.00%142.86%Payout Ratio %
169.97%
51.07%
125.41%
114.19%
161.63%
529.00%
27.31%
33.39%
238.75%
21977.27%
92.50%
37.27%
372.10%
-890.91%
39.08%