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: 2019 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Revenues | $ 25,542 | 24,358 | 20,918 |
| Costs and Operating Expenses: | |||
| Selling, general and administrative expenses | 6,144 | 6,057 | 5,504 |
| Research and development expenses | 1,003 | 967 | 887 |
| Restructuring and other (income) costs, net | (413) | 50 | 97 |
| Total costs and operating expenses | 20,948 | 20,575 | 17,958 |
| Operating Income | 4,594 | 3,783 | 2,960 |
| Interest Income | 224 | 137 | 81 |
| Interest Expense | (676) | (667) | (592) |
| Other (Expense) Income, Net | (72) | 9 | (20) |
| Income from Continuing Operations Before Income Taxes | 4,070 | 3,262 | 2,429 |
| Provision for Income Taxes | (374) | (324) | (201) |
| Income from Continuing Operations | 3,696 | 2,938 | 2,228 |
| Loss from Discontinued Operations (net of income tax benefit of $0, $0 and $2) | 0 | 0 | (3) |
| Net Income | 3,696 | 2,938 | 2,225 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 9.24 | 7.31 | 5.65 |
| Diluted (in dollars per share) | 9.17 | 7.24 | 5.60 |
| Earnings per Share | |||
| Basic (in dollars per share) | 9.24 | 7.31 | 5.64 |
| Diluted (in dollars per share) | 9.17 | 7.24 | 5.59 |
| Weighted Average Shares | |||
| Basic (in shares) | 400 | 402 | 395 |
| Diluted (in shares) | 403 | 406 | 398 |
| Product and Service | |||
| Product | |||
| Revenues | 19,496 | 18,868 | 17,374 |
| Cost of revenues | 10,037 | 9,682 | 8,975 |
| Service | |||
| Revenues | 6,046 | 5,490 | 3,544 |
| Cost of revenues | 4,177 | 3,819 | 2,495 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2019 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Comprehensive Income | |||
| Net Income | $ 3,696 | 2,938 | 2,225 |
| Other Comprehensive Items: | |||
| Currency translation adjustment: | |||
| Currency translation adjustment (net of tax provision (benefit) of $25, $84 and $(145)) | (107) | (434) | 588 |
| Reclassification adjustment for losses included in net income | 30 | 0 | 0 |
| 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 | 0 | (1) |
| Reclassification adjustment for gains included in net income (net of tax provision of $0, $0 and $1) | 0 | 0 | (1) |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized losses on hedging instruments (net of tax benefit of $12, $0 and $0) | (38) | 0 | 0 |
| Reclassification adjustment for losses included in net income (net of tax benefit of $6, $3 and $5) | 19 | 9 | 7 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax (benefit) provision of $(31), $2 and $7) | (93) | 3 | 23 |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $2, $5 and $5) | 8 | 15 | 17 |
| Total other comprehensive items | (181) | (407) | 633 |
| Comprehensive Income | 3,515 | 2,531 | 2,858 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net Income | $ 3,696 | 2,938 | 2,225 |
| Loss from discontinued operations | 0 | 0 | 3 |
| Income from continuing operations | 3,696 | 2,938 | 2,228 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 564 | 526 | 439 |
| Amortization of acquisition-related intangible assets | 1,713 | 1,741 | 1,594 |
| Change in deferred income taxes | (302) | (379) | (1,098) |
| Gain on sales of businesses | (482) | 0 | 0 |
| Non-cash stock-based compensation | 181 | 181 | 159 |
| Loss on early extinguishment of debt | 184 | 3 | 4 |
| Other non-cash expenses, net | 84 | 103 | 186 |
| Changes in assets and liabilities, excluding the effects of acquisitions and disposition: | |||
| Accounts receivable | (225) | (366) | (362) |
| Inventories | (458) | (324) | (81) |
| Other assets | (408) | 54 | (153) |
| Accounts payable | 266 | 201 | 274 |
| Other liabilities | 210 | (42) | 1,016 |
| Contributions to retirement plans | (50) | (93) | (200) |
| Net cash provided by continuing operations | 4,973 | 4,543 | 4,006 |
| Net cash used in discontinued operations | 0 | 0 | (1) |
| Net cash provided by operating activities | 4,973 | 4,543 | 4,005 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (1,843) | (536) | (7,226) |
| Proceeds from sale of business, net of cash divested | 1,128 | 0 | 0 |
| Purchase of property, plant and equipment | (926) | (758) | (508) |
| Proceeds from sale of property, plant and equipment | 36 | 50 | 7 |
| Other investing activities, net | 118 | (9) | (2) |
| Net cash used in investing activities | (1,487) | (1,253) | (7,729) |
| Financing Activities | |||
| Net proceeds from issuance of debt | 5,638 | 690 | 6,459 |
| Repayment of debt | (6,360) | (2,052) | (3,299) |
| Proceeds from issuance of commercial paper | 2,781 | 5,060 | 8,380 |
| Repayments of commercial paper | (3,464) | (5,254) | (8,514) |
| Purchases of company common stock | (1,500) | (500) | (750) |
| Dividends paid | (297) | (266) | (237) |
| Net proceeds from issuance of company common stock | 0 | 0 | 1,690 |
| Net proceeds from issuance of company common stock under employee stock plans | 153 | 136 | 128 |
| Other financing activities, net | (69) | (51) | (3) |
| Net cash (used in) provided by financing activities | (3,118) | (2,237) | 3,854 |
| Exchange Rate Effect on Cash | (63) | (297) | 420 |
| Increase in Cash, Cash Equivalents and Restricted Cash | 305 | 756 | 550 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 2,117 | 1,361 | |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 2,422 | 2,117 | 1,361 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2019 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 2,399 | 2,103 |
| Accounts receivable, less allowances of $102 and $117 | 4,349 | 4,136 |
| Inventories | 3,370 | 3,005 |
| Contract assets, net | 603 | 459 |
| Other current assets | 1,172 | 922 |
| Total current assets | 11,893 | 10,625 |
| Property, Plant and Equipment, Net | 4,749 | 4,165 |
| Acquisition-related Intangible Assets, Net | 14,014 | 14,978 |
| Other Assets | 2,011 | 1,117 |
| Goodwill | 25,714 | 25,347 |
| Total Assets | 58,381 | 56,232 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 676 | 1,271 |
| Accounts payable | 1,920 | 1,615 |
| Accrued payroll and employee benefits | 1,010 | 982 |
| Contract liabilities | 916 | 809 |
| Other accrued expenses | 1,675 | 1,470 |
| Total current liabilities | 6,197 | 6,147 |
| Deferred Income Taxes | 2,192 | 2,265 |
| Other Long-term Liabilities | 3,241 | 2,515 |
| Long-term Obligations | 17,076 | 17,719 |
| 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; 434,416,804 and 431,566,561 shares issued | 434 | 432 |
| Capital in excess of par value | 15,064 | 14,621 |
| Retained earnings | 22,092 | 18,696 |
| Treasury stock at cost, 35,676,421 and 29,444,882 shares | (5,236) | (3,665) |
| Accumulated other comprehensive items | (2,679) | (2,498) |
| Total shareholders' equity | 29,675 | 27,586 |
| Total Liabilities and Shareholders' Equity | 58,381 | 56,232 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2019 | |
| 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 |