DENTSPLY International Inc. Reports Operating Results (10-K)

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Feb 18, 2011
DENTSPLY International Inc. (XRAY, Financial) filed Annual Report for the period ended 2010-12-31.

Dentsply International Inc. has a market cap of $5.19 billion; its shares were traded at around $36.51 with a P/E ratio of 19.3 and P/S ratio of 2.3. The dividend yield of Dentsply International Inc. stocks is 0.6%. Dentsply International Inc. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated Dentsply International Inc. the business predictability rank of 3.5-star.Hedge Fund Gurus that owns XRAY: Louis Moore Bacon of Moore Capital Management, LP, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns XRAY: Richard Aster Jr of Meridian Fund, Robert Olstein of Olstein Financial Alert Fund, Robert Olstein of Olstein Financial Alert Fund, Edward Owens of Vanguard Health Care Fund, Tom Gayner of Markel Gayner Asset Management Corp, Mario Gabelli of GAMCO Investors, John Keeley of Keeley Fund Management, Jean-Marie Eveillard of First Eagle Investment Management, LLC, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

New advances in technology are also anticipated to have a significant influence on future products in dentistry. As a result, the Company pursues research and development initiatives to support this technological development, including collaborations with external research institutions and dental schools. Through its own internal research centers as well as through its collaborations with external research institutions and dental schools, the Company directly invested $49.4 million, $50.3 million and $48.5 million for 2010, 2009 and 2008, respectively, in connection with the development of new products, improvement of existing products and advances in technology. The continued development of these areas is a critical step in meeting the Company's strategic goal as a leader in defining the future of dentistry. The year-over-year comparisons for 2010 versus 2009 and 2009 versus 2008 were both impacted by foreign currency translation which decreased the reported expense variations.

DENTSPLY s cash, cash equivalents and short-term investments increased by $89.7 million during the year ended December 31, 2010 to $540.1 million. DENTSPLY's total long-term debt, including the current portion, at December 31, 2010 and 2009 was $606.5 million and $453.7 million, respectively, and the ratios of long-term debt, including the current portion, to total capitalization were 24.1% and 16.9%. DENTSPLY defines total capitalization as the sum of total long-term debt, including the current portion, plus total equity. The Company s long-term debt, including the current portion, increased by a net of $152.8 million during the year ended December 31, 2010. This net change included a net increase in borrowings of $126.5 million during the year ended 2010, plus an increase of $26.3 million due to exchange rate fluctuations on debt denominated in foreign currencies. The Company may incur additional debt in the future, including, but not limited to, the funding of additional acquisitions and capital expenditures.

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