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: 2013 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues | |||
| Product revenues | $ 11,215,200 | 10,777,600 | 9,896,600 |
| Service revenues | 1,875,100 | 1,732,300 | 1,662,200 |
| Total revenues | 13,090,300 | 12,509,900 | 11,558,800 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 6,309,600 | 6,101,300 | 5,733,400 |
| Cost of service revenues | 1,251,600 | 1,113,100 | 1,031,400 |
| Selling, general and administrative expenses | 3,446,300 | 3,354,900 | 3,106,500 |
| Research and development expenses | 395,500 | 376,400 | 340,200 |
| Restructuring and other costs, net | 77,700 | 82,100 | 96,500 |
| Total costs and operating expenses | 11,480,700 | 11,027,800 | 10,308,000 |
| Operating Income | 1,609,600 | 1,482,100 | 1,250,800 |
| Other Expense, Net | (290,100) | (212,700) | (118,000) |
| Income from Continuing Operations Before Income Taxes | 1,319,500 | 1,269,400 | 1,132,800 |
| Provision for Income Taxes | (40,400) | (11,000) | (109,400) |
| Income from Continuing Operations | 1,279,100 | 1,258,400 | 1,023,400 |
| (Loss) Income from Discontinued Operations (net of income tax (benefit) provision of ($0.5), ($10.8) and $1.2) | (700) | (19,200) | 1,700 |
| (Loss) Gain on Disposal of Discontinued Operations, Net (net of income tax (benefit) provision of ($3.2), ($33.2) and $190.3) | (5,100) | (61,300) | 304,800 |
| Net Income | 1,273,300 | 1,177,900 | 1,329,900 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 3.5500 | 3.4600 | 2.6900 |
| Diluted (in dollars per share) | 3.5000 | 3.4300 | 2.6600 |
| Earnings per Share | |||
| Basic (in dollars per share) | 3.5300 | 3.2400 | 3.4900 |
| Diluted (in dollars per share) | 3.4800 | 3.2100 | 3.4600 |
| Weighted Average Shares | |||
| Basic (in millions of shares) | 360,300 | 363,800 | 380,800 |
| Diluted (in millions of shares) | 365,800 | 366,600 | 384,800 |
| Cash Dividend Declared per Common Share (in dollars per share) | 0.6000 | 0.5400 | 0.0000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2013 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Comprehensive Income | |||
| Net income | $ 1,273,300 | 1,177,900 | 1,329,900 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | 24,600 | 293,700 | (340,800) |
| Unrealized gains on available-for-sale investments: | |||
| Unrealized holding gains arising during the period (net of tax provision of $0.5, $0.1 and $1.1) | 1,600 | 700 | 3,500 |
| Reclassification adjustment for gains included in net income (net of tax provision of $2.5, $0.0 and $0.0) | (8,000) | 0 | 100 |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized gain (loss) on hedging instruments (net of tax provision (benefit) of $3.6, $0.0 and ($22.5)) | 5,800 | 0 | (36,700) |
| Reclassification adjustment for losses included in net income (net of tax benefit of $2.2, $2.0 and $0.8) | 3,200 | 3,300 | 1,300 |
| Pension and other postretirement benefit liability adjustment: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax provision (benefit) of $20.3, ($20.8) and ($38.0)) | 38,200 | (53,000) | (72,400) |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $3.6, $2.4 and $1.1) | 7,800 | 4,400 | 1,900 |
| Total other comprehensive items | 73,200 | 249,100 | (443,100) |
| Comprehensive Income | 1,346,500 | 1,427,000 | 886,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Activities | |||
| Net income | $ 1,273,300 | 1,177,900 | 1,329,900 |
| Loss (income) from discontinued operations | 700 | 19,200 | (1,700) |
| Loss (gain) on disposal of discontinued operations | 5,100 | 61,300 | (304,800) |
| Income from continuing operations | 1,279,100 | 1,258,400 | 1,023,400 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 999,900 | 983,700 | 859,600 |
| Change in deferred income taxes | (472,800) | (301,600) | (123,100) |
| Non-cash stock-based compensation | 90,900 | 78,200 | 80,000 |
| Tax benefits from stock-based compensation awards | (48,800) | (22,700) | (16,900) |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 23,900 | 52,400 | 69,500 |
| Other non-cash expenses, net | 22,700 | 53,800 | 49,500 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (147,900) | 12,000 | (101,200) |
| Inventories | (72,200) | (59,900) | (28,600) |
| Other assets | 168,700 | (100,300) | (136,800) |
| Accounts payable | 47,000 | 10,000 | 33,800 |
| Other liabilities | 163,300 | 127,200 | (7,300) |
| Contributions to retirement plans | (38,200) | (23,300) | (25,300) |
| Net cash provided by continuing operations | 2,015,600 | 2,067,900 | 1,676,600 |
| Net cash (used in) provided by discontinued operations | (4,900) | (28,400) | 14,400 |
| Net cash provided by operating activities | 2,010,700 | 2,039,500 | 1,691,000 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (11,400) | (1,083,400) | (5,690,300) |
| Purchase of property, plant and equipment | (282,400) | (315,100) | (260,900) |
| Proceeds from sale of property, plant and equipment | 20,700 | 12,800 | 8,200 |
| Proceeds from sale of investments | 7,600 | 1,900 | 19,500 |
| Proceeds from sale of businesses, net of cash divested | 13,800 | ||
| Decrease (increase) in restricted cash | 4,000 | (45,100) | |
| Proceeds from derivative instruments related to Phadia acquisition | 27,600 | ||
| Other investing activities, net | (1,800) | (800) | (6,000) |
| Net cash used in continuing operations | (263,300) | (1,429,700) | (5,888,100) |
| Net cash provided by discontinued operations | 0 | 58,800 | 745,900 |
| Net cash used in investing activities | (263,300) | (1,370,900) | (5,142,200) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 3,167,800 | 1,282,100 | 4,254,100 |
| Increase (decrease) in commercial paper, net | 199,900 | (849,300) | 899,300 |
| Settlement of convertible debt | (452,000) | ||
| Redemption and repayment of long-term obligations | (1,000) | (354,500) | (1,400) |
| (Decrease) increase in short-term notes payable | (12,000) | 24,000 | 9,200 |
| Purchases of company common stock | (89,800) | (1,150,000) | (1,337,500) |
| Dividends paid | (216,200) | (142,200) | 0 |
| Net proceeds from issuance of company common stock | 230,400 | 254,100 | 158,100 |
| Tax benefits from stock-based compensation awards | 48,800 | 22,700 | 16,900 |
| Other financing activities, net | (17,900) | (4,600) | 3,900 |
| Net cash provided by (used in) financing activities | 3,310,000 | (917,700) | 3,550,600 |
| Exchange Rate Effect on Cash | (37,000) | 38,400 | (200) |
| Increase (Decrease) in Cash and Cash Equivalents | 5,020,400 | (210,700) | 99,200 |
| Cash and Cash Equivalents at Beginning of Period | 805,600 | 1,016,300 | |
| Cash and Cash Equivalents at End of Period | 5,826,000 | 805,600 | 1,016,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2013 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 5,826,000 | 805,600 |
| Short-term investments, at quoted market value (cost of $4.6 and $4.8) | 4,500 | 4,300 |
| Accounts receivable, less allowances of $54.1 and $55.5 | 1,942,300 | 1,804,900 |
| Inventories | 1,494,500 | 1,443,300 |
| Deferred tax assets | 192,500 | 182,000 |
| Other current assets | 420,900 | 594,700 |
| Total current assets | 9,880,700 | 4,834,800 |
| Property, Plant and Equipment, at Cost, Net | 1,767,400 | 1,726,400 |
| Acquisition-related Intangible Assets, Net | 7,071,300 | 7,804,500 |
| Other Assets | 640,700 | 604,400 |
| Goodwill | 12,503,300 | 12,474,500 |
| Total Assets | 31,863,400 | 27,444,600 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 987,700 | 93,100 |
| Accounts payable | 691,500 | 641,400 |
| Accrued payroll and employee benefits | 432,000 | 388,000 |
| Deferred revenue | 198,900 | 196,500 |
| Other accrued expenses | 815,900 | 774,300 |
| Total current liabilities | 3,126,000 | 2,093,300 |
| Deferred Income Taxes | 1,609,900 | 2,047,200 |
| Other Long-term Liabilities | 771,800 | 808,200 |
| Long-term Obligations | 9,499,600 | 7,031,200 |
| 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; 369,598,265 and 413,491,691 shares issued | 369,600 | 413,500 |
| Capital in excess of par value | 8,222,600 | 10,501,100 |
| Retained earnings | 8,753,300 | 7,697,300 |
| Treasury stock at cost, 7,636,887 and 56,047,926 shares | (412,200) | (2,996,800) |
| Accumulated other comprehensive items | (77,200) | (150,400) |
| Total shareholders' equity | 16,856,100 | 15,464,700 |
| Total Liabilities & Shareholders' Equity | 31,863,400 | 27,444,600 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2013 | |
| 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 |