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: 2009 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues: | |||
| Product revenues | $ 8,523,700 | 8,838,800 | 8,300,600 |
| Service revenues | 1,586,000 | 1,659,200 | 1,445,800 |
| Total revenues | 10,109,700 | 10,498,000 | 9,746,400 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 5,157,900 | 5,299,600 | 5,079,300 |
| Cost of service revenues | 927,100 | 992,200 | 862,700 |
| Selling, general and administrative expenses | 2,668,900 | 2,692,300 | 2,549,100 |
| Research and development expenses | 246,100 | 249,100 | 238,700 |
| Restructuring and other costs, net | 60,800 | 35,400 | 42,200 |
| Total costs and operating expenses | 9,060,800 | 9,268,600 | 8,772,000 |
| Operating income | 1,048,900 | 1,229,400 | 974,400 |
| Other Expense, Net | (121,800) | (101,400) | (113,800) |
| Income from Continuing Operations Before Provision for Income Taxes | 927,100 | 1,128,000 | 860,600 |
| Provision for Income Taxes | (75,800) | (152,600) | (93,700) |
| Income from Continuing Operations | 851,300 | 975,400 | 766,900 |
| (Loss) Gain on Disposal of Discontinued Operations, Net (net of income tax benefit of $0.6 in 2009 and income tax provision of $3.5 in 2008 and $4.2 in 2007) | (1,000) | 5,500 | (18,500) |
| Net Income | 850,300 | 980,900 | 748,400 |
| Earnings per Share from Continuing Operations: | |||
| Earnings per share from continuing operations - basic | 2.0600 | 2.3300 | 1.8200 |
| Earnings per share from continuing operations - diluted | 2.0100 | 2.2400 | 1.7300 |
| Earnings per Share: | |||
| Earnings per share - basic | 2.0600 | 2.3400 | 1.7700 |
| Earnings per share - diluted | 2.0100 | 2.2500 | 1.6900 |
| Weighted Average Shares: | |||
| Weighted average shares - basic | 412,400 | 418,200 | 421,500 |
| Weighted average shares - diluted | 422,800 | 434,700 | 443,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2009 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net Income | $ 850,300 | 980,900 | 748,400 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | 198,800 | (431,600) | 200,900 |
| Unrealized gains (losses) on available-for-sale investments, net of tax | 2,200 | (1,300) | 1,500 |
| Unrealized gains on hedging instruments, net of tax | 200 | 200 | 300 |
| Pension and other postretirement benefit liability adjustments, net of tax | 36,600 | (101,500) | 35,500 |
| Total other comprehensive items | 237,800 | (534,200) | 238,200 |
| Total Comprehensive Income | 1,088,100 | 446,700 | 986,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Activities: | |||
| Net Income | $ 850,300 | 980,900 | 748,400 |
| Loss (Gain) on Disposal of Discontinued Operations | 1,000 | (5,500) | 18,500 |
| Income from Continuing Operations | 851,300 | 975,400 | 766,900 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 787,300 | 792,700 | 756,800 |
| Change in deferred income taxes | (248,600) | (131,400) | (98,800) |
| Non-cash stock-based compensation | 68,100 | 57,100 | 51,100 |
| Non-cash interest expense on convertible debt | 22,500 | 21,600 | 20,700 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 3,700 | 1,000 | 48,300 |
| Tax benefits from stock-based compensation awards | (2,600) | (25,400) | (96,800) |
| Other non-cash expenses, net | 63,800 | 48,500 | 61,400 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Change in accounts receivable | 127,300 | (50,900) | (10,000) |
| Change in inventories | 108,200 | (49,600) | (14,000) |
| Change in other assets | (18,400) | (40,600) | (13,900) |
| Change in accounts payable | (44,900) | (123,900) | 6,900 |
| Change in other liabilities | (16,300) | (32,000) | 60,800 |
| Contributions to retirement plans | (41,100) | (20,700) | (54,200) |
| Net cash provided by continuing operations | 1,660,300 | 1,421,800 | 1,485,200 |
| Net cash used in discontinued operations | (1,100) | (1,600) | (1,700) |
| Net cash provided by operating activities | 1,659,200 | 1,420,200 | 1,483,500 |
| Investing Activities: | |||
| Acquisitions, net of cash acquired | (637,300) | (201,500) | (492,500) |
| Purchase of property, plant and equipment | (207,500) | (264,400) | (175,500) |
| Proceeds from sale of property, plant and equipment | 13,400 | 15,400 | 19,200 |
| Purchase of available-for-sale investments | 0 | (100) | (8,100) |
| Proceeds from sale of available-for-sale investments | 800 | 600 | 7,700 |
| Proceeds from sale of businesses, net of cash divested | 4,400 | 3,500 | 0 |
| Distribution from retirement trust to fund disbursements | 400 | 800 | 25,600 |
| Collection of notes receivable | 300 | 0 | 48,200 |
| Increase in other assets | (4,000) | (12,200) | (41,900) |
| Net cash used in continuing operations | (829,500) | (457,900) | (617,300) |
| Net cash provided by discontinued operations | 0 | 7,900 | 31,300 |
| Net cash used in investing activities | (829,500) | (450,000) | (586,000) |
| Financing Activities: | |||
| Decrease in short-term notes payable | (21,100) | (15,400) | (463,500) |
| Purchases of company common stock | (414,600) | (187,400) | (898,000) |
| Net proceeds from issuance of company common stock | 54,400 | 85,100 | 345,400 |
| Tax benefits from stock-based compensation awards | 2,600 | 25,400 | 96,800 |
| Net proceeds from issuance of long-term debt | 748,200 | 0 | 800 |
| Settlement of convertible debt | (615,500) | (4,700) | (100) |
| Redemption and repayment of long-term obligations | (311,500) | (131,400) | (10,100) |
| Net cash used in financing activities | (557,500) | (228,400) | (928,700) |
| Exchange Rate Effect on Cash of Continuing Operations | 11,400 | (86,400) | (11,100) |
| Increase (Decrease) in Cash and Cash Equivalents | 283,600 | 655,400 | (42,300) |
| Cash and Cash Equivalents at Beginning of Period | 1,280,500 | 625,100 | |
| Cash and Cash Equivalents at End of Period | 1,564,100 | 1,280,500 | 625,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2009 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 1,564,100 | 1,280,500 |
| Short-term investments, at quoted market value | 7,100 | 7,500 |
| Accounts receivable, less allowances of $47.2 and $43.1 | 1,409,600 | 1,478,100 |
| Inventories | 1,131,400 | 1,171,400 |
| Deferred tax assets | 160,000 | 161,700 |
| Other current assets | 258,700 | 246,700 |
| Total current assets | 4,530,900 | 4,345,900 |
| Property, Plant and Equipment, Net | 1,333,400 | 1,275,300 |
| Acquisition-related Intangible Assets, net | 6,337,000 | 6,423,200 |
| Other Assets | 440,800 | 367,900 |
| Goodwill | 8,982,900 | 8,677,700 |
| Total Assets | 21,625,000 | 21,090,000 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 117,500 | 14,800 |
| Accounts payable | 533,600 | 539,500 |
| Accrued payroll and employee benefits | 286,000 | 296,200 |
| Accrued income taxes | 28,400 | 32,900 |
| Deferred revenue | 139,800 | 135,300 |
| Other accrued expenses | 534,000 | 521,500 |
| Total current liabilities | 1,639,300 | 1,540,200 |
| Deferred Income Taxes | 1,933,800 | 1,994,200 |
| Other Long-term Liabilities | 555,100 | 601,700 |
| Long-term Obligations | 2,064,000 | 2,003,200 |
| Commitments and Contingencies (Note 10) | ||
| Incremental Convertible Debt Obligation | 1,900 | 24,200 |
| Shareholders' Equity: | ||
| Preferred stock, $100 par value, 50,000 shares authorized; none issued | 0 | 0 |
| Common stock, $1 par value, 1,200,000,000 shares authorized; 423,875,260 and 421,791,009 shares issued | 423,900 | 421,800 |
| Capital in excess of par value | 11,140,700 | 11,301,300 |
| Retained earnings | 4,350,800 | 3,500,500 |
| Treasury stock at cost, 14,564,637 and 3,825,245 shares | (576,500) | (151,300) |
| Accumulated other comprehensive items | 92,000 | (145,800) |
| Total shareholders' equity | 15,430,900 | 14,926,500 |
| Total Liabilities & Shareholders' Equity | 21,625,000 | 21,090,000 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2009 | |
| 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 |