Henry Schein 2014 Annual Report Download - page 58

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44
2014 Compared to 2013
Net Sales
Net sales for 2014 and 2013 were as follows (in thousands):
% of % of Increase
2014 Total 2013 Total $ %
Health care distribution (1):
Dental ..................................................... $ 5,381,215 51.9 % $ 4,997,972 52.3 % $ 383,243 7.7 %
Animal health ......................................... 2,898,612 27.9 2,599,461 27.2 299,151 11.5
Medical ................................................... 1,742,685 16.8 1,643,167 17.2 99,518 6.1
Total health care distribution ............... 10,022,512 96.6 9,240,600 96.7 781,912 8.5
Technology and value-added services (2) ....... 348,878 3.4 320,047 3.3 28,831 9.0
Total .................................................... $ 10,371,390 100.0 % $ 9,560,647 100.0 % $ 810,743 8.5
(1) Consists of consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and
generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
(2) Consists of practice management software and other value-added products, which are distributed primarily to health care providers,
and financial services on a non-recourse basis, e-services, continuing education services for practitioners, consulting and other
services.
The $810.7 million, or 8.5%, increase in net sales for the year ended December 27, 2014 includes an increase of
8.6% local currency growth (4.6% increase in internally generated revenue and 4.0% growth from acquisitions) as
well as a decrease of 0.1% related to foreign currency exchange.
The $383.2 million, or 7.7%, increase in dental net sales for the year ended December 27, 2014 includes an
increase of 8.2% in local currencies (3.3% increase in internally generated revenue and 4.9% growth from
acquisitions) as well as a decrease of 0.5% related to foreign currency exchange. The 8.2% increase in local
currency sales was due to increases in dental equipment sales and service revenues of 6.8% (3.3% increase in
internally generated revenue and 3.5% growth from acquisitions) and dental consumable merchandise sales growth
of 8.7% (3.3% increase in internally generated revenue and 5.4% growth from acquisitions).
The $299.2 million, or 11.5%, increase in animal health net sales for the year ended December 27, 2014
includes an increase of 11.2% local currency growth (6.3% increase in internally generated revenue and 4.9%
growth from acquisitions) as well as an increase of 0.3% related to foreign currency exchange.
The $99.5 million, or 6.1%, increase in medical net sales for the year ended December 27, 2014 includes an
increase of 6.0% local currency growth (5.9% increase in internally generated revenue and 0.1% growth from
acquisitions) as well as an increase of 0.1% related to foreign currency exchange.
The $28.8 million, or 9.0%, increase in technology and value-added services net sales for the year ended
December 27, 2014 includes an increase of 8.8% local currency growth (5.7% increase in internally generated
revenue and 3.1% growth from acquisitions) as well as an increase of 0.2% related to foreign currency exchange.