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: 2014 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Product revenues | $ 14,715,100 | 11,215,200 | 10,777,600 |
| Service revenues | 2,174,500 | 1,875,100 | 1,732,300 |
| Total revenues | 16,889,600 | 13,090,300 | 12,509,900 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 7,934,700 | 6,309,600 | 6,101,300 |
| Cost of service revenues | 1,462,900 | 1,251,600 | 1,113,100 |
| Selling, general and administrative expenses | 4,896,100 | 3,446,300 | 3,354,900 |
| Research and development expenses | 691,100 | 395,500 | 376,400 |
| Restructuring and other costs (income), net | (598,200) | 77,700 | 82,100 |
| Total costs and operating expenses | 14,386,600 | 11,480,700 | 11,027,800 |
| Operating Income | 2,503,000 | 1,609,600 | 1,482,100 |
| Other Expense, Net | (415,800) | (290,100) | (212,700) |
| Income from Continuing Operations Before Income Taxes | 2,087,200 | 1,319,500 | 1,269,400 |
| Income Tax Provision | (191,700) | (40,400) | (11,000) |
| Income from Continuing Operations | 1,895,500 | 1,279,100 | 1,258,400 |
| Loss from Discontinued Operations (net of income tax benefit of $0.6, $0.5 and $10.8) | (1,100) | (700) | (19,200) |
| Loss on Disposal of Discontinued Operations, Net (net of income tax benefit of $3.2 and $33.2) | 0 | (5,100) | (61,300) |
| Net Income | 1,894,400 | 1,273,300 | 1,177,900 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 4.76 | 3.55 | 3.46 |
| Diluted (in dollars per share) | 4.71 | 3.50 | 3.43 |
| Earnings per Share | |||
| Basic (in dollars per share) | 4.76 | 3.53 | 3.24 |
| Diluted (in dollars per share) | 4.71 | 3.48 | 3.21 |
| Weighted Average Shares | |||
| Basic (in millions of shares) | 398,200 | 360,300 | 363,800 |
| Diluted (in millions of shares) | 402,300 | 365,800 | 366,600 |
| Cash Dividends Declared per Common Share (in dollars per share) | 0.60 | 0.60 | 0.54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Comprehensive Income | |||
| Net income | $ 1,894,400 | 1,273,300 | 1,177,900 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | (1,182,600) | 24,600 | 293,700 |
| Unrealized gains on available-for-sale investments: | |||
| Unrealized holding gains arising during the period (net of tax provision of $0.1, $0.5 and $0.1) | 1,700 | 1,600 | 700 |
| Reclassification adjustment for gains included in net income (net of tax provision of $0.2 and $2.5) | (1,700) | (8,000) | 0 |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized gain on hedging instruments (net of tax provision of $3.6) | 0 | 5,800 | 0 |
| Reclassification adjustment for losses included in net income (net of tax benefit of $1.8, $2.2 and $2.0) | 3,000 | 3,200 | 3,300 |
| Pension and other postretirement benefit liability adjustment: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax provision (benefit) of ($26.5), $20.3 and ($20.8)) | (52,200) | 38,200 | (53,000) |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $13.3, $3.6 and $2.4) | 24,000 | 7,800 | 4,400 |
| Total other comprehensive items | (1,207,800) | 73,200 | 249,100 |
| Comprehensive Income | 686,600 | 1,346,500 | 1,427,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities | |||
| Net income | $ 1,894,400 | 1,273,300 | 1,177,900 |
| Loss from discontinued operations | 1,100 | 700 | 19,200 |
| Loss on disposal of discontinued operations | 0 | 5,100 | 61,300 |
| Income from continuing operations | 1,895,500 | 1,279,100 | 1,258,400 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,684,800 | 999,900 | 983,700 |
| Change in deferred income taxes | (621,800) | (472,800) | (301,600) |
| Net gains on sale of businesses | (895,400) | 0 | 0 |
| Non-cash stock-based compensation | 117,100 | 90,900 | 78,200 |
| Tax benefits from stock-based compensation awards | (65,600) | (48,800) | (22,700) |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 303,400 | 23,900 | 52,400 |
| Other non-cash expenses, net | 38,000 | 22,700 | 53,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (145,400) | (147,900) | 12,000 |
| Inventories | (109,800) | (72,200) | (59,900) |
| Other assets | 163,100 | 168,700 | (100,300) |
| Accounts payable | 1,200 | 47,000 | 10,000 |
| Other liabilities | 308,400 | 163,300 | 127,200 |
| Contributions to retirement plans | (49,600) | (38,200) | (23,300) |
| Net cash provided by continuing operations | 2,623,900 | 2,015,600 | 2,067,900 |
| Net cash used in discontinued operations | (4,300) | (4,900) | (28,400) |
| Net cash provided by operating activities | 2,619,600 | 2,010,700 | 2,039,500 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (13,060,100) | (11,400) | (1,083,400) |
| Proceeds from sale of businesses, net of cash divested | 1,521,800 | 0 | 0 |
| Purchase of property, plant and equipment | (427,600) | (282,400) | (315,100) |
| Proceeds from sale of property, plant and equipment | 49,300 | 20,700 | 12,800 |
| Proceeds from sale of investments | 88,600 | 7,600 | 1,900 |
| Decrease (increase) in restricted cash | 48,600 | 4,000 | (45,100) |
| Other investing activities, net | (3,300) | (1,800) | (800) |
| Net cash used in investing activities | (11,782,700) | (263,300) | (1,429,700) |
| Net cash provided by discontinued operations | 0 | 0 | 58,800 |
| Net cash used in investing activities | (11,782,700) | (263,300) | (1,370,900) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 6,592,300 | 3,167,800 | 1,282,100 |
| (Decrease) increase in commercial paper, net | (249,900) | 199,900 | (849,300) |
| Repayment of long-term obligations | (4,429,400) | (1,000) | (354,500) |
| (Decrease) increase in short-term notes payable | (36,600) | (12,000) | 24,000 |
| Purchases of company common stock | 0 | (89,800) | (1,150,000) |
| Dividends paid | (234,800) | (216,200) | (142,200) |
| Net proceeds from issuance of company common stock | 2,942,000 | 0 | 0 |
| Net proceeds from issuance of company common stock under employee stock plans | 155,400 | 230,400 | 254,100 |
| Tax benefits from stock-based compensation awards | 65,600 | 48,800 | 22,700 |
| Other financing activities, net | (8,500) | (17,900) | (4,600) |
| Net cash provided by (used in) financing activities | 4,796,100 | 3,310,000 | (917,700) |
| Exchange Rate Effect on Cash | (115,500) | (37,000) | 38,400 |
| (Decrease) Increase in Cash and Cash Equivalents | (4,482,500) | 5,020,400 | (210,700) |
| Cash and Cash Equivalents at Beginning of Period | 5,826,000 | 805,600 | |
| Cash and Cash Equivalents at End of Period | 1,343,500 | 5,826,000 | 805,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 1,343,500 | 5,826,000 |
| Short-term investments | 8,500 | 4,500 |
| Accounts receivable, less allowances of $74.1 and $54.1 | 2,473,600 | 1,942,300 |
| Inventories | 1,859,500 | 1,494,500 |
| Deferred tax assets | 303,300 | 192,500 |
| Other current assets | 551,400 | 420,900 |
| Total current assets | 6,539,800 | 9,880,700 |
| Property, Plant and Equipment, at Cost, Net | 2,426,500 | 1,767,400 |
| Acquisition-related Intangible Assets, Net | 14,110,100 | 7,071,300 |
| Other Assets | 933,100 | 640,700 |
| Goodwill | 18,842,600 | 12,503,300 |
| Total Assets | 42,852,100 | 31,863,400 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 2,212,400 | 987,700 |
| Accounts payable | 820,700 | 691,500 |
| Accrued payroll and employee benefits | 668,900 | 432,000 |
| Accrued income taxes | 165,100 | 0 |
| Deferred revenue | 311,900 | 198,900 |
| Other accrued expenses | 1,170,800 | 815,900 |
| Total current liabilities | 5,349,800 | 3,126,000 |
| Deferred Income Taxes | 3,430,700 | 1,609,900 |
| Other Long-term Liabilities | 1,171,900 | 771,800 |
| Long-term Obligations | 12,351,600 | 9,499,600 |
| 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; 408,461,670 and 369,598,265 shares issued | 408,500 | 369,600 |
| Capital in excess of par value | 11,473,600 | 8,222,600 |
| Retained earnings | 10,406,900 | 8,753,300 |
| Treasury stock at cost, 7,991,782 and 7,636,887 shares | (455,900) | (412,200) |
| Accumulated other comprehensive items | (1,285,000) | (77,200) |
| Total shareholders' equity | 20,548,100 | 16,856,100 |
| Total Liabilities & Shareholders' Equity | 42,852,100 | 31,863,400 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2014 | |
| 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 |