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: 2012 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues | |||
| Product revenues | $ 10,777,600 | 9,896,600 | 8,977,700 |
| Service revenues | 1,732,300 | 1,662,200 | 1,415,400 |
| Total revenues | 12,509,900 | 11,558,800 | 10,393,100 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 6,101,300 | 5,733,400 | 5,264,700 |
| Cost of service revenues | 1,113,100 | 1,031,400 | 866,900 |
| Selling, general and administrative expenses | 3,354,900 | 3,106,500 | 2,728,800 |
| Research and development expenses | 376,400 | 340,200 | 284,400 |
| Restructuring and other costs, net | 82,100 | 96,500 | 60,200 |
| Total costs and operating expenses | 11,027,800 | 10,308,000 | 9,205,000 |
| Operating Income | 1,482,100 | 1,250,800 | 1,188,100 |
| Other Expense, Net | (212,700) | (118,000) | (100,400) |
| Income from Continuing Operations Before Income Taxes | 1,269,400 | 1,132,800 | 1,087,700 |
| Provision for Income Taxes | (11,000) | (109,400) | (101,600) |
| Income from Continuing Operations | 1,258,400 | 1,023,400 | 986,100 |
| (Loss) Income from Discontinued Operations (net of income tax (benefit) provision of $(10.8), $1.2 and $29.9) | (19,200) | 1,700 | 47,000 |
| (Loss) Gain on Disposal of Discontinued Operations, Net (net of income tax (benefit) provision of $(33.2), $190.3 and $1.5) | (61,300) | 304,800 | 2,500 |
| Net Income | 1,177,900 | 1,329,900 | 1,035,600 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 3.4600 | 2.6900 | 2.4500 |
| Diluted (in dollars per share) | 3.4300 | 2.6600 | 2.4100 |
| Earnings per Share | |||
| Basic (in dollars per share) | 3.2400 | 3.4900 | 2.5700 |
| Diluted (in dollars per share) | 3.2100 | 3.4600 | 2.5300 |
| Weighted Average Shares | |||
| Basic (in millions of shares) | 363,800 | 380,800 | 403,300 |
| Diluted (in millions of shares) | 366,600 | 384,800 | 409,400 |
| Cash Dividend Declared per Common Share (in dollars per share) | 0.5400 | 0.0000 | 0.0000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2012 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Comprehensive Income (Loss) | |||
| Net income | $ 1,177,900 | 1,329,900 | 1,035,600 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | 293,700 | (340,800) | (27,200) |
| Unrealized gains on available-for-sale investments (net of tax provision of $0.1, $1.1 and $0.5) | 700 | 3,600 | 1,000 |
| Unrealized gains (losses) on hedging instruments (net of tax provision (benefit) of $2.0, $(21.7) and $0.1) | 3,300 | (35,400) | 200 |
| Pension and other postretirement benefit liability adjustments (net of tax benefit of $18.4, $36.9 and $9.7) | (48,600) | (70,500) | (22,400) |
| Total other comprehensive items | 249,100 | (443,100) | (48,400) |
| Comprehensive Income (Loss) | 1,427,000 | 886,800 | 987,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Activities | |||
| Net income | $ 1,177,900 | 1,329,900 | 1,035,600 |
| Loss (income) from discontinued operations | 19,200 | (1,700) | (47,000) |
| Loss (gain) on disposal of discontinued operations | 61,300 | (304,800) | (2,500) |
| Income from continuing operations | 1,258,400 | 1,023,400 | 986,100 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 983,700 | 859,600 | 739,700 |
| Change in deferred income taxes | (301,600) | (123,100) | (266,500) |
| Non-cash stock-based compensation | 78,200 | 80,000 | 81,600 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 52,400 | 69,500 | 11,400 |
| Tax benefits from stock-based compensation awards | (22,700) | (16,900) | (12,800) |
| Other non-cash expenses, net | 53,800 | 49,500 | 72,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | 12,000 | (101,200) | (70,800) |
| Inventories | (59,900) | (28,600) | (24,100) |
| Other assets | (100,300) | (136,800) | (78,000) |
| Accounts payable | 10,000 | 33,800 | (500) |
| Other liabilities | 127,200 | (7,300) | 35,600 |
| Contributions to retirement plans | (23,300) | (25,300) | (24,400) |
| Net cash provided by continuing operations | 2,067,900 | 1,676,600 | 1,450,100 |
| Net cash (used in) provided by discontinued operations | (28,400) | 14,400 | 47,700 |
| Net cash provided by operating activities | 2,039,500 | 1,691,000 | 1,497,800 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (1,083,400) | (5,690,300) | (606,200) |
| Purchase of property, plant and equipment | (315,100) | (260,900) | (245,400) |
| Proceeds from sale of property, plant and equipment | 12,800 | 8,200 | 10,200 |
| Proceeds from sale of investments | 1,900 | 19,500 | 9,000 |
| Proceeds from sale of businesses, net of cash divested | 13,800 | ||
| Proceeds from derivative instruments related to Phadia acquisition | 27,600 | ||
| Other investing activities, net | (800) | (6,000) | (10,100) |
| Net cash used in continuing operations | (1,384,600) | (5,888,100) | (842,500) |
| Net cash provided by (used in) discontinued operations | 58,800 | 745,900 | (16,400) |
| Net cash used in investing activities | (1,325,800) | (5,142,200) | (858,900) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 1,282,100 | 4,254,100 | 741,400 |
| (Decrease) increase in commercial paper, net | (849,300) | 899,300 | |
| Settlement of convertible debt | (452,000) | (600,800) | |
| Redemption and repayment of long-term obligations | (354,500) | (1,400) | (505,400) |
| Purchases of company common stock | (1,150,000) | (1,337,500) | (1,012,500) |
| Dividends paid | (142,200) | ||
| Net proceeds from issuance of company common stock | 254,100 | 158,100 | 77,300 |
| Tax benefits from stock-based compensation awards | 22,700 | 16,900 | 12,800 |
| Increase (decrease) in short-term notes payable | 24,000 | 9,200 | (7,900) |
| Other financing activities, net | (4,600) | 3,900 | |
| Net cash (used in) provided by financing activities | (917,700) | 3,550,600 | (1,295,100) |
| Exchange Rate Effect on Cash | 38,700 | (200) | 9,200 |
| (Decrease) Increase in Cash and Cash Equivalents | (165,300) | 99,200 | (647,000) |
| Cash and Cash Equivalents at Beginning of Period | 1,016,300 | 917,100 | |
| Cash and Cash Equivalents at End of Period | 851,000 | 1,016,300 | 917,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2012 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 851,000 | 1,016,300 |
| Short-term investments, at quoted market value (cost of $4.8 and $4.8) | 4,300 | 4,300 |
| Accounts receivable, less allowances of $55.5 and $65.8 | 1,804,900 | 1,763,700 |
| Inventories | 1,443,300 | 1,330,100 |
| Deferred tax assets | 182,000 | 157,800 |
| Other current assets | 549,300 | 549,700 |
| Total current assets | 4,834,800 | 4,821,900 |
| Property, Plant and Equipment, at Cost, Net | 1,726,400 | 1,611,300 |
| Acquisition-related Intangible Assets, Net | 7,804,500 | 7,815,900 |
| Other Assets | 604,400 | 611,300 |
| Goodwill | 12,474,500 | 11,973,300 |
| Total Assets | 27,444,600 | 26,833,700 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 93,100 | 1,272,800 |
| Accounts payable | 641,400 | 612,300 |
| Accrued payroll and employee benefits | 388,000 | 324,400 |
| Deferred revenue | 196,500 | 192,500 |
| Other accrued expenses | 774,300 | 711,100 |
| Total current liabilities | 2,093,300 | 3,113,100 |
| Deferred Income Taxes | 2,047,200 | 2,229,300 |
| Other Long-term Liabilities | 808,200 | 698,000 |
| Long-term Obligations | 7,031,200 | 5,755,200 |
| 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; 413,491,691 and 406,416,940 shares issued | 413,500 | 406,400 |
| Capital in excess of par value | 10,501,100 | 10,152,000 |
| Retained earnings | 7,697,300 | 6,716,300 |
| Treasury stock at cost, 56,047,926 and 35,033,919 shares | (2,996,800) | (1,837,100) |
| Accumulated other comprehensive items | (150,400) | (399,500) |
| Total shareholders' equity | 15,464,700 | 15,038,100 |
| Total Liabilities & Shareholders' Equity | 27,444,600 | 26,833,700 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2012 | |
| 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 |