← DENTSPLY SIRONA Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $429.9m | ($1.6b) | ($1.0b) | $262.9m | ($83.0m) | $411.0m | ($950.0m) | ($132.0m) | ($910.0m) | ($598.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $431.4m | ($1.6b) | ($1.0b) | $263.1m | ($83.0m) | $411.0m | ($950.0m) | ($132.0m) | ($910.0m) | ($598.0m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.5m | ($300k) | $100k | $200k | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation, Depletion and Amortization | $271.7m | $316.4m | $330.8m | $322.8m | $334.0m | $347.0m | $328.0m | $343.0m | $349.0m | $352.0m | |
| Depreciation | $116.6m | $127.3m | $132.9m | $133.2m | $142.0m | $124.0m | $119.0m | $132.0m | $133.0m | $141.0m | |
| Amortization | $155.1m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $4.5m | $2.6m | $2.7m | $2.7m | $5.0m | — | — | — | — | — | |
| Amortization of Intangible Assets | $155.1m | $189.1m | $197.9m | $189.6m | $192.0m | $222.0m | $209.0m | $211.0m | $216.0m | $211.0m | |
| Deferred Income Tax Expense (Benefit) | ($110.1m) | ($143.8m) | ($62.0m) | ($37.4m) | ($64.0m) | ($25.0m) | ($228.0m) | ($130.0m) | ($136.0m) | $30.0m | |
| Share-based Payment Arrangement, Noncash Expense | $41.3m | $48.0m | $21.0m | $66.2m | $47.0m | $48.0m | $59.0m | $46.0m | $39.0m | $33.0m | |
| Share-based Payment Arrangement, Expense | $39.7m | $46.6m | $19.8m | $64.9m | $46.0m | $49.0m | $59.0m | $46.0m | $39.0m | $32.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | $36.0m | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $346.7m | $179.2m | $5.3m | $39.0m | $0 | $100.0m | $307.0m | $1.0b | $650.0m | |
| Goodwill, Impairment Loss | — | $1.7b | $1.1b | $0 | $157.0m | $0 | $1.2b | $291.0m | $773.0m | $525.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $9.1m | $39.0m | — | $114.0m | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | — | — | $3.8m | $0 | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $346.7m | $179.2m | $5.3m | $39.0m | $0 | $100.0m | $16.0m | $241.0m | $125.0m | |
| Restructuring Costs and Asset Impairment Charges | $9.7m | — | — | — | $123.0m | $20.0m | — | — | — | $25.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | ($2.0m) | ($1.0m) | $14.0m | ($3.0m) | $0 | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($2.8m) | ($1.6m) | ($4.6m) | ($3.6m) | ($1.0m) | $33.0m | $3.0m | ($3.0m) | ($19.0m) | $0 | |
| Income (Loss) from Equity Method Investments | $0 | $0 | — | — | — | ($10.0m) | ($36.0m) | ($4.0m) | $0 | $0 | |
| Income Tax Expense (Benefit) | $9.5m | ($53.2m) | $52.5m | $82.3m | $23.0m | $134.0m | ($105.0m) | ($43.0m) | ($26.0m) | $112.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $69.0m | $88.0m | |
| Other Nonoperating Income (Expense) | $20.1m | ($5.3m) | $34.9m | $11.5m | ($1.0m) | ($8.0m) | ($58.0m) | ($9.0m) | $12.0m | $24.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($65.4m) | $62.9m | $19.9m | ($13.7m) | ($124.0m) | $64.0m | $141.0m | ($6.0m) | ($17.0m) | $17.0m | |
| Increase (Decrease) in Accounts Payable | $7.2m | $44.2m | $7.1m | $26.1m | ($23.0m) | ($49.0m) | $30.0m | $14.0m | ($30.0m) | $11.0m | |
| Proceeds from Stock Options Exercised | $41.0m | $82.3m | $27.9m | $108.8m | $11.0m | $51.0m | $6.0m | $0 | $0 | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $44.1m | $0 | $0 | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | $26.9m | $13.0m | $6.0m | ($11.0m) | $3.0m | $21.0m | $32.0m | |
| Foreign Currency Transaction Gain (Loss), Realized | $10.2m | ($1.7m) | ($5.8m) | ($26.9m) | ($13.0m) | — | — | — | — | — | |
| Goodwill | $6.0b | $4.5b | $3.4b | $3.4b | $4.0b | $4.0b | $2.7b | $2.4b | $1.6b | $1.1b | |
| Investment Income, Interest | $2.0m | $2.4m | $2.1m | $2.4m | $1.0m | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | $6.0m | — | — | — | — | $16.0m | |
| Restructuring Costs | — | $64.7m | $22.5m | $80.7m | $77.0m | $17.0m | — | $33.0m | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $4.0b | — | — | — | — | — | — | — | |
| Stock or Unit Option Plan Expense | $10.6m | $15.4m | $6.6m | $7.1m | $7.0m | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | $1.0m | $1.0m | $0 | $0 | ($2.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $563.4m | $601.9m | $499.8m | $632.8m | $635.0m | $657.0m | $517.0m | $377.0m | $461.0m | $235.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $125.0m | $144.3m | $182.5m | $122.9m | $87.0m | $142.0m | $149.0m | $149.0m | $180.0m | $131.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $341.8m | $145.9m | $130.5m | $3.2m | $1.1b | $248.0m | $0 | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | ($2.0m) | $2.0m | ($1.0m) | $6.0m | ($3.0m) | |
| Net Cash Provided by (Used in) Investing Activities | $60.0m | ($286.4m) | ($253.3m) | ($68.4m) | ($1.1b) | ($358.0m) | ($138.0m) | ($89.0m) | ($197.0m) | ($132.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | $0 | $1.0m | $553.0m | |
| Repayments of Long-term Debt | $877.5m | $16.7m | $9.4m | $251.2m | $701.0m | $297.0m | $2.0m | $7.0m | $88.0m | $147.0m | |
| Payments for Repurchase of Common Stock | $813.9m | $401.4m | $250.2m | $260.0m | $140.0m | $200.0m | $150.0m | $300.0m | $250.0m | $0 | |
| Dividends paid | $64.6m | $78.3m | $78.6m | $80.9m | $88.0m | $92.0m | $104.0m | $116.0m | $126.0m | $128.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | ($36.0m) | ($21.0m) | ($10.0m) | ($16.0m) | ($6.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($526.2m) | ($400.8m) | ($249.8m) | ($466.1m) | $490.0m | ($379.0m) | ($329.0m) | ($307.0m) | ($302.0m) | ($80.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.1m | $22.0m | ($7.7m) | ($3.0m) | $14.0m | ($19.0m) | ($24.0m) | ($12.0m) | ($24.0m) | $31.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.1m | $22.0m | ($7.7m) | $95.3m | $33.0m | ($99.0m) | $26.0m | ($31.0m) | ($62.0m) | $54.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $404.9m | $438.0m | $339.0m | $365.0m | $334.0m | $272.0m | $326.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $36.7m | $37.0m | $35.1m | $30.2m | $45.0m | $64.0m | $70.0m | $97.0m | $91.0m | $66.0m | |
| Income Taxes Paid, Net | $112.3m | $122.7m | $104.7m | $112.1m | $82.0m | $148.0m | $122.0m | $177.0m | $74.0m | $71.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.