10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2018 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Revenues | $ 24,358 | 20,918 | 18,274 |
| Costs and Operating Expenses: | |||
| Selling, general and administrative expenses | 6,057 | 5,504 | 4,971 |
| Research and development expenses | 967 | 887 | 754 |
| Restructuring and other costs, net | 50 | 97 | 189 |
| Total costs and operating expenses | 20,575 | 17,958 | 15,816 |
| Operating Income | 3,783 | 2,960 | 2,458 |
| Other Expense, Net | (521) | (531) | (434) |
| Income from Continuing Operations Before Income Taxes | 3,262 | 2,429 | 2,024 |
| (Provision for) Benefit from Income Taxes | (324) | (201) | 1 |
| Income from Continuing Operations | 2,938 | 2,228 | 2,025 |
| Loss from Discontinued Operations (net of income tax benefit of $0, $2 and $2) | 0 | (3) | (3) |
| Net Income | 2,938 | 2,225 | 2,022 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 7.31 | 5.65 | 5.13 |
| Diluted (in dollars per share) | 7.24 | 5.60 | 5.10 |
| Earnings per Share | |||
| Basic (in dollars per share) | 7.31 | 5.64 | 5.12 |
| Diluted (in dollars per share) | 7.24 | 5.59 | 5.09 |
| Weighted Average Shares | |||
| Basic (in shares) | 402 | 395 | 395 |
| Diluted (in shares) | 406 | 398 | 397 |
| Product and Service | |||
| Product | |||
| Revenues | 18,868 | 17,374 | 15,712 |
| Cost of revenues | 9,682 | 8,975 | 8,212 |
| Service | |||
| Revenues | 5,490 | 3,544 | 2,562 |
| Cost of revenues | 3,819 | 2,495 | 1,690 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2018 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Comprehensive Income | |||
| Net Income | $ 2,938 | 2,225 | 2,022 |
| Other Comprehensive Items: | |||
| Currency translation adjustment (net of tax provision (benefit) of $84, ($145) and $0) | (434) | 588 | (566) |
| Unrealized gains and losses on available-for-sale investments: | |||
| Unrealized holding losses arising during the period (net of tax benefit of $0, $0 and $0) | 0 | (1) | (2) |
| Reclassification adjustment for (gains) losses included in net income (net of tax (provision) benefit of $0, ($1) and $0) | 0 | (1) | 1 |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized losses on hedging instruments (net of tax benefit of $0, $0 and $22) | 0 | 0 | (37) |
| Reclassification adjustment for losses included in net income (net of tax benefit of $3, $5 and $4) | 9 | 7 | 6 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax provision (benefit) of $2, $7 and ($17)) | 3 | 23 | (47) |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $5, $5 and $2) | 15 | 17 | 6 |
| Total other comprehensive items | (407) | 633 | (639) |
| Comprehensive Income | 2,531 | 2,858 | 1,383 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities | |||
| Net Income | $ 2,938 | 2,225 | 2,022 |
| Loss from discontinued operations | 0 | 3 | 3 |
| Income from continuing operations | 2,938 | 2,228 | 2,025 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,267 | 2,033 | 1,758 |
| Change in deferred income taxes | (379) | (1,098) | (620) |
| Non-cash stock-based compensation | 181 | 159 | 133 |
| Other non-cash expenses, net | 106 | 190 | 142 |
| Changes in assets and liabilities, excluding the effects of acquisitions: | |||
| Accounts receivable | (366) | (362) | (352) |
| Inventories | (324) | (81) | 98 |
| Other assets | 54 | (153) | (153) |
| Accounts payable | 201 | 274 | 56 |
| Other liabilities | (42) | 1,016 | 216 |
| Contributions to retirement plans | (93) | (200) | (43) |
| Net cash provided by continuing operations | 4,543 | 4,006 | 3,260 |
| Net cash used in discontinued operations | 0 | (1) | (2) |
| Net cash provided by operating activities | 4,543 | 4,005 | 3,258 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (536) | (7,226) | (5,178) |
| Purchase of property, plant and equipment | (758) | (508) | (444) |
| Proceeds from sale of property, plant and equipment | 50 | 7 | 26 |
| Other investing activities, net | (9) | (2) | 76 |
| Net cash used in investing activities | (1,253) | (7,729) | (5,520) |
| Financing Activities | |||
| Net proceeds from issuance of debt | 690 | 6,459 | 7,604 |
| Repayment of debt | (2,052) | (3,299) | (4,334) |
| Proceeds from issuance of commercial paper | 5,060 | 8,380 | 9,182 |
| Repayments of commercial paper | (5,254) | (8,514) | (8,278) |
| Purchases of company common stock | (500) | (750) | (1,250) |
| Dividends paid | (266) | (237) | (238) |
| Net proceeds from issuance of company common stock | 0 | 1,690 | 0 |
| Net proceeds from issuance of company common stock under employee stock plans | 136 | 128 | 87 |
| Other financing activities | (51) | (3) | (14) |
| Net cash (used in) provided by financing activities | (2,237) | 3,854 | 2,759 |
| Exchange Rate Effect on Cash | (297) | 420 | (152) |
| Increase in Cash, Cash Equivalents and Restricted Cash | 756 | 550 | 345 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 1,361 | 811 | |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 2,117 | 1,361 | 811 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 2,103 | 1,335 |
| Accounts receivable, less allowances of $117 and $109 | 4,136 | 3,879 |
| Inventories | 3,005 | 2,971 |
| Other current assets | 1,381 | 1,236 |
| Total current assets | 10,625 | 9,421 |
| Property, Plant and Equipment, Net | 4,165 | 4,047 |
| Acquisition-related Intangible Assets, Net | 14,978 | 16,684 |
| Other Assets | 1,117 | 1,227 |
| Goodwill | 25,347 | 25,290 |
| Total Assets | 56,232 | 56,669 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 1,271 | 2,135 |
| Accounts payable | 1,615 | 1,428 |
| Accrued payroll and employee benefits | 982 | 918 |
| Contract liabilities | 809 | 0 |
| Deferred revenue | 0 | 719 |
| Other accrued expenses | 1,470 | 1,848 |
| Total current liabilities | 6,147 | 7,048 |
| Deferred Income Taxes | 2,265 | 2,766 |
| Other Long-term Liabilities | 2,515 | 2,569 |
| Long-term Obligations | 17,719 | 18,873 |
| Commitments and Contingencies | ||
| Shareholders' Equity: | ||
| Preferred stock, $100 par value, 50,000 shares authorized; none issued | ||
| Common stock, $1 par value, 1,200,000,000 shares authorized; 431,566,561 and 428,327,873 shares issued | 432 | 428 |
| Capital in excess of par value | 14,621 | 14,177 |
| Retained earnings | 18,696 | 15,914 |
| Treasury stock at cost, 29,444,882 and 27,013,311 shares | (3,665) | (3,103) |
| Accumulated other comprehensive items | (2,498) | (2,003) |
| Total shareholders' equity | 27,586 | 25,413 |
| Total Liabilities and Shareholders' Equity | 56,232 | 56,669 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |