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: 2011 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues | |||
| Product revenues | $ 10,052,600 | 9,141,200 | 8,528,500 |
| Service revenues | 1,673,300 | 1,429,000 | 1,383,100 |
| Total revenues | 11,725,900 | 10,570,200 | 9,911,600 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 5,871,500 | 5,393,500 | 5,156,300 |
| Cost of service revenues | 1,041,700 | 879,500 | 857,500 |
| Selling, general and administrative expenses | 3,126,500 | 2,746,000 | 2,592,700 |
| Research and development expenses | 340,600 | 284,800 | 243,800 |
| Restructuring and other costs, net | 100,400 | 60,400 | 59,200 |
| Total costs and operating expenses | 10,480,700 | 9,364,200 | 8,909,500 |
| Operating Income | 1,245,200 | 1,206,000 | 1,002,100 |
| Other Expense, Net | (118,600) | (100,300) | (121,700) |
| Income from Continuing Operations Before Provision for Income Taxes | 1,126,600 | 1,105,700 | 880,400 |
| Provision for Income Taxes | (107,000) | (108,700) | (57,200) |
| Income from Continuing Operations | 1,019,600 | 997,000 | 823,200 |
| Income from Discontinued Operations (net of income tax provision of $3.6, $22.8 and $18.6) | 5,500 | 36,100 | 28,100 |
| Gain (Loss) on Disposal of Discontinued Operations, Net (net of income tax provision (benefit) of $190.3, $1.5 and $(0.6)) | 304,800 | 2,500 | (1,000) |
| Net Income | 1,329,900 | 1,035,600 | 850,300 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 2.6800 | 2.4700 | 2.0000 |
| Diluted (in dollars per share) | 2.6500 | 2.4400 | 1.9500 |
| Earnings per Share | |||
| Basic (in dollars per share) | 3.4900 | 2.5700 | 2.0600 |
| Diluted (in dollars per share) | 3.4600 | 2.5300 | 2.0100 |
| Weighted Average Shares | |||
| Basic (in millions of shares) | 380,800 | 403,300 | 412,400 |
| Diluted (in millions of shares) | 384,800 | 409,400 | 422,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2011 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Comprehensive Income | |||
| Net income | $ 1,329,900 | 1,035,600 | 850,300 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | (340,800) | (27,200) | 198,800 |
| Unrealized gains on available-for-sale investments (net of tax provision of $1.1, $0.5, and $0.9) | 3,600 | 1,000 | 2,200 |
| Unrealized (losses) gains on hedging instruments (net of tax (benefit) provision of $(21.7), $0.1 and $0.1) | (35,400) | 200 | 200 |
| Pension and other postretirement benefit liability adjustments (net of tax benefit (provision) of $36.9, $9.7 and $(20.9)) | (70,500) | (22,400) | 36,600 |
| Total other comprehensive items | (443,100) | (48,400) | 237,800 |
| Comprehensive Income (Loss) | 886,800 | 987,200 | 1,088,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net income | $ 1,329,900 | 1,035,600 | 850,300 |
| Income from discontinued operations | (5,500) | (36,100) | (28,100) |
| (Gain) loss on disposal of discontinued operations | (304,800) | (2,500) | 1,000 |
| Income from continuing operations | 1,019,600 | 997,000 | 823,200 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 863,500 | 746,000 | 762,900 |
| Change in deferred income taxes | (123,100) | (267,600) | (243,000) |
| Non-cash stock-based compensation | 80,200 | 81,800 | 67,000 |
| Non-cash interest expense on convertible debt | 1,400 | 9,100 | 22,500 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 69,500 | 11,400 | 3,700 |
| Tax benefits from stock-based compensation awards | (16,900) | (12,800) | (2,600) |
| Other non-cash expenses, net | 49,100 | 63,700 | 63,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (107,300) | (80,000) | 124,700 |
| Inventories | (32,500) | (27,700) | 108,400 |
| Other assets | (124,000) | (80,900) | (17,400) |
| Accounts payable | 31,400 | 2,500 | (45,200) |
| Other liabilities | (7,200) | 34,300 | (14,400) |
| Contributions to retirement plans | (25,300) | (24,400) | (41,100) |
| Net cash provided by continuing operations | 1,678,400 | 1,452,400 | 1,612,500 |
| Net cash provided by discontinued operations | 12,600 | 45,400 | 46,700 |
| Net cash provided by operating activities | 1,691,000 | 1,497,800 | 1,659,200 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (5,698,600) | (606,200) | (637,300) |
| Purchase of property, plant and equipment | (266,500) | (257,800) | (200,000) |
| Proceeds from sale of property, plant and equipment | 8,200 | 10,200 | 13,400 |
| Proceeds from sale of investments | 19,500 | 9,000 | 1,200 |
| Proceeds from sale of businesses, net of cash divested | 13,800 | 0 | 4,400 |
| Proceeds from derivative instruments related to Phadia acquisition | 27,600 | ||
| Other investing activities, net | (6,000) | (10,500) | (3,700) |
| Net cash used in continuing operations | (5,902,000) | (855,300) | (822,000) |
| Net cash provided by (used in) discontinued operations | 759,800 | (3,600) | (7,500) |
| Net cash used in investing activities | (5,142,200) | (858,900) | (829,500) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 4,254,100 | 741,400 | 748,200 |
| Increase in commercial paper, net | 899,300 | 0 | 0 |
| Settlement of convertible debt | (452,000) | (600,800) | (615,500) |
| Redemption and repayment of long-term obligations | (1,400) | (505,400) | (311,500) |
| Purchases of company common stock | (1,337,500) | (1,012,500) | (414,600) |
| Net proceeds from issuance of company common stock | 158,100 | 77,300 | 54,400 |
| Tax benefits from stock-based compensation awards | 16,900 | 12,800 | 2,600 |
| Increase (decrease) in short-term notes payable | 9,200 | (7,900) | (21,100) |
| Other financing activities, net | 3,900 | 0 | 0 |
| Net cash provided by (used in) financing activities | 3,550,600 | (1,295,100) | (557,500) |
| Exchange Rate Effect on Cash | (200) | 9,200 | 11,400 |
| Increase (Decrease) in Cash and Cash Equivalents | 99,200 | (647,000) | 283,600 |
| Cash and Cash Equivalents at Beginning of Period | 917,100 | 1,564,100 | |
| Cash and Cash Equivalents at End of Period | 1,016,300 | 917,100 | 1,564,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2011 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 1,016,300 | 917,100 |
| Short-term investments, at quoted market value (cost of $4.8 and $9.6) | 4,300 | 8,900 |
| Accounts receivable, less allowances of $67.4 and $39.2 | 1,814,100 | 1,473,800 |
| Inventories | 1,355,400 | 1,172,900 |
| Deferred tax assets | 159,700 | 181,300 |
| Other current assets | 472,100 | 381,000 |
| Total current assets | 4,821,900 | 4,135,000 |
| Property, Plant and Equipment, at Cost, Net | 1,656,200 | 1,360,200 |
| Acquisition-related Intangible Assets, net of Accumulated Amortization of $3,169.3 and $2,539.1 | 7,815,900 | 5,913,700 |
| Other Assets | 551,700 | 944,800 |
| Goodwill | 11,988,000 | 8,995,700 |
| Total Assets | 26,833,700 | 21,349,400 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 1,272,800 | 105,800 |
| Accounts payable | 628,700 | 546,700 |
| Accrued payroll and employee benefits | 327,200 | 304,500 |
| Deferred revenue | 192,500 | 158,200 |
| Other accrued expenses | 691,900 | 594,600 |
| Total current liabilities | 3,113,100 | 1,709,800 |
| Deferred Income Taxes | 2,230,900 | 1,626,100 |
| Other Long-term Liabilities | 696,400 | 621,200 |
| Long-term Obligations | 5,755,200 | 2,031,300 |
| 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; 406,416,940 and 401,779,152 shares issued | 406,400 | 401,800 |
| Capital in excess of par value | 10,152,000 | 10,019,700 |
| Retained earnings | 6,716,300 | 5,386,400 |
| Treasury stock at cost, 35,033,919 and 10,409,268 shares | (1,837,100) | (490,500) |
| Accumulated other comprehensive items | (399,500) | 43,600 |
| Total shareholders' equity | 15,038,100 | 15,361,000 |
| Total Liabilities & Shareholders' Equity | 26,833,700 | 21,349,400 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2011 | |
| 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 |