10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2010 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues | |||
| Product revenues | $ 9,135,200 | 8,523,700 | 8,838,800 |
| Service revenues | 1,653,500 | 1,586,000 | 1,659,200 |
| Total revenues | 10,788,700 | 10,109,700 | 10,498,000 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 5,393,600 | 5,157,900 | 5,299,600 |
| Cost of service revenues | 956,400 | 927,100 | 992,200 |
| Selling, general and administrative expenses | 2,826,200 | 2,668,900 | 2,692,300 |
| Research and development expenses | 287,200 | 246,100 | 249,100 |
| Restructuring and other costs, net | 60,400 | 60,800 | 35,400 |
| Total costs and operating expenses | 9,523,800 | 9,060,800 | 9,268,600 |
| Operating Income | 1,264,900 | 1,048,900 | 1,229,400 |
| Other Expense, Net | (100,300) | (121,800) | (101,400) |
| Income from Continuing Operations Before Provision for Income Taxes | 1,164,600 | 927,100 | 1,128,000 |
| Provision for Income Taxes | (131,500) | (75,800) | (152,600) |
| Income from Continuing Operations | 1,033,100 | 851,300 | 975,400 |
| Gain (Loss) on Disposal of Discontinued Operations, Net (net of income tax provision of $1.5 and $3.5 in 2010 and 2008, respectively, and income tax benefit of $0.6 in 2009) | 2,500 | (1,000) | 5,500 |
| Net Income | 1,035,600 | 850,300 | 980,900 |
| Earnings per Share from Continuing Operations | |||
| Basic | 2.5600 | 2.0600 | 2.3300 |
| Diluted | 2.5200 | 2.0100 | 2.2400 |
| Earnings per Share | |||
| Basic | 2.5700 | 2.0600 | 2.3400 |
| Diluted | 2.5300 | 2.0100 | 2.2500 |
| Weighted Average Shares | |||
| Basic | 403,300 | 412,400 | 418,200 |
| Diluted | 409,400 | 422,800 | 434,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2010 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Comprehensive Income | |||
| Net Income | $ 1,035,600 | 850,300 | 980,900 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | (27,200) | 198,800 | (431,600) |
| Unrealized gains (losses) on available-for-sale investments (net of tax provision of $0.5, $0.9 and $0.3) | 1,000 | 2,200 | (1,300) |
| Unrealized gains on hedging instruments (net of tax provision of $0.1, $0.1 and $0.2) | 200 | 200 | 200 |
| Pension and other postretirement benefit liability adjustments (net of tax benefit of $9.7 and $63.6 in 2010 and 2008, respectively, and tax provision of $20.9 in 2009) | (22,400) | 36,600 | (101,500) |
| Total other comprehensive items | (48,400) | 237,800 | (534,200) |
| Total Comprehensive Income | 987,200 | 1,088,100 | 446,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities | |||
| Net Income | $ 1,035,600 | 850,300 | 980,900 |
| Loss (gain) on disposal of discontinued operations | (2,500) | 1,000 | (5,500) |
| Income from continuing operations | 1,033,100 | 851,300 | 975,400 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 770,000 | 787,300 | 792,700 |
| Change in deferred income taxes | (272,400) | (248,600) | (131,400) |
| Non-cash stock-based compensation | 83,100 | 68,100 | 57,100 |
| Non-cash interest expense on convertible debt | 9,100 | 22,500 | 21,600 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 11,400 | 3,700 | 1,000 |
| Tax benefits from stock-based compensation awards | (12,800) | (2,600) | (25,400) |
| Other non-cash expenses, net | 63,900 | 63,800 | 48,500 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (89,500) | 127,300 | (50,900) |
| Inventories | (27,900) | 108,200 | (49,600) |
| Other assets | (81,300) | (18,400) | (40,600) |
| Accounts payable | 2,500 | (44,900) | (123,900) |
| Other liabilities | 33,700 | (16,300) | (32,000) |
| Contributions to retirement plans | (24,400) | (41,100) | (20,700) |
| Net cash provided by continuing operations | 1,498,500 | 1,660,300 | 1,421,800 |
| Net cash used in discontinued operations | (700) | (1,100) | (1,600) |
| Net cash provided by operating activities | 1,497,800 | 1,659,200 | 1,420,200 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (606,200) | (637,300) | (201,500) |
| Purchase of property, plant and equipment | (265,500) | (207,500) | (264,400) |
| Proceeds from sale of property, plant and equipment | 10,200 | 13,400 | 15,400 |
| Proceeds from sale of businesses, net of cash divested | 0 | 4,400 | 3,500 |
| Other investing activities, net | (1,500) | (2,500) | (10,900) |
| Net cash used in continuing operations | (863,000) | (829,500) | (457,900) |
| Net cash provided by discontinued operations | 4,100 | 0 | 7,900 |
| Net cash used in investing activities | (858,900) | (829,500) | (450,000) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 741,400 | 748,200 | 0 |
| Settlement of convertible debt | (600,800) | (615,500) | (4,700) |
| Redemption and repayment of long-term obligations | (505,400) | (311,500) | (131,400) |
| Purchases of company common stock | (1,012,500) | (414,600) | (187,400) |
| Net proceeds from issuance of company common stock | 77,300 | 54,400 | 85,100 |
| Tax benefits from stock-based compensation awards | 12,800 | 2,600 | 25,400 |
| Decrease in short-term notes payable | (7,900) | (21,100) | (15,400) |
| Net cash used in financing activities | (1,295,100) | (557,500) | (228,400) |
| Exchange Rate Effect on Cash of Continuing Operations | 9,200 | 11,400 | (86,400) |
| Increase (Decrease) in Cash and Cash Equivalents | (647,000) | 283,600 | 655,400 |
| Cash and Cash Equivalents at Beginning of Year | 1,564,100 | 1,280,500 | |
| Cash and Cash Equivalents at End of Year | 917,100 | 1,564,100 | 1,280,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2010 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 917,100 | 1,564,100 |
| Short-term investments, at quoted market value | 8,900 | 7,100 |
| Accounts receivable, less allowances of $39.9 and $47.2 | 1,516,800 | 1,409,600 |
| Inventories | 1,175,100 | 1,131,400 |
| Deferred tax assets | 198,400 | 160,000 |
| Other current assets | 318,700 | 258,700 |
| Total current assets | 4,135,000 | 4,530,900 |
| Property, Plant and Equipment, at Cost, Net | 1,408,600 | 1,333,400 |
| Acquisition-related Intangible Assets, Net | 6,041,100 | 6,337,000 |
| Other Assets | 494,100 | 440,800 |
| Goodwill | 9,270,600 | 8,982,900 |
| Total Assets | 21,349,400 | 21,625,000 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 105,800 | 117,500 |
| Accounts payable | 551,000 | 533,600 |
| Accrued payroll and employee benefits | 311,100 | 286,000 |
| Accrued income taxes | 59,200 | 28,400 |
| Deferred revenue | 158,300 | 139,800 |
| Other accrued expenses | 524,400 | 534,000 |
| Total current liabilities | 1,709,800 | 1,639,300 |
| Deferred Income Taxes | 1,684,400 | 1,933,800 |
| Other Long-term Liabilities | 562,900 | 555,100 |
| Long-term Obligations | 2,031,300 | 2,064,000 |
| Commitments and Contingencies (Note 10) | ||
| Incremental Convertible Debt Obligation | 0 | 1,900 |
| Shareholders' Equity: | ||
| Preferred stock, $100 par value, 50,000 shares authorized; none issued | ||
| Common stock, $1 par value, 1,200,000,000 shares authorized; 401,779,152 and 423,875,260 shares issued | 401,800 | 423,900 |
| Capital in excess of par value | 10,019,700 | 11,140,700 |
| Retained earnings | 5,386,400 | 4,350,800 |
| Treasury stock at cost, 10,409,268 and 14,564,637 shares | (490,500) | (576,500) |
| Accumulated other comprehensive items | 43,600 | 92,000 |
| Total shareholders' equity | 15,361,000 | 15,430,900 |
| Total Liabilities & Shareholders' Equity | 21,349,400 | 21,625,000 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2010 | |
| 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 |