What is DENTSPLY SIRONA's goodwill impairment?

DENTSPLY SIRONA (XRAY) reported goodwill impairment of $1.19B in Q3 2022.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

DENTSPLY SIRONA XRAY Goodwill impairment

Discontinued — last reported Q3 '22

Goodwill impairment at other companies

Henry ScheinHSIC

$3.25M—

Amentum HoldingsAMTM

$0—

Segments

By segment

See full

Connected Technology Solutions$0—

Essential Dental Solutions$0—

Orthodontic and Implant Solutions$0—

Wellspect Healthcare$0—

Other financials

Income statement

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Revenue$880.0M+0.1%

Gross profit$427.0M-8.4%

Operating income-$35.0M-156%

Net income-$10.0M-150%

EPS (diluted)-$0.05-150%

Balance sheet

See full

Cash & equivalents$190.0M-52.3%

Total debt$2.3B-3.8%

Total equity$1.3B-34.4%

Total assets$5.2B-13.6%

Cash flow

See full

Operating cash flow$40.0M+471%

CapEx$52.0M+174%

Free cash flow-$12.0M0.0%

Valuation

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Market cap$2.11B-22.1%

Enterprise value$4.25B-10.8%

P/S0.6×-0.2×

Profitability

See full

Gross margin48.9%-2.6pp

Operating margin-14.1%-3.9pp

Net margin-17.1%-3.9pp

FCF margin2.8%-4.6pp

Returns & leverage

See full

Return on equity-37.7%+4.0pp

Debt / equity1.8×+0.6×

Current ratio1.5×+0.4×

Where this comes from

Reported directly by DENTSPLY SIRONA in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: DENTSPLY SIRONA’s 10-Q, filed November 14, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is DENTSPLY SIRONA's goodwill impairment?: DENTSPLY SIRONA (XRAY) reported goodwill impairment of $1.19B in Q3 2022.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.