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: 2016 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Product revenues | $ 15,712,300 | 14,667,800 | 14,715,100 |
| Service revenues | 2,561,800 | 2,297,600 | 2,174,500 |
| Total revenues | 18,274,100 | 16,965,400 | 16,889,600 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 8,213,900 | 7,583,800 | 7,934,700 |
| Cost of service revenues | 1,691,100 | 1,625,700 | 1,462,900 |
| Selling, general and administrative expenses | 4,975,900 | 4,612,100 | 4,896,100 |
| Research and development expenses | 754,800 | 692,300 | 691,100 |
| Restructuring and other costs (income), net | 189,200 | 115,300 | (598,200) |
| Total costs and operating expenses | 15,824,900 | 14,629,200 | 14,386,600 |
| Operating Income | 2,449,200 | 2,336,200 | 2,503,000 |
| Other Expense, Net | (425,300) | (399,800) | (415,800) |
| Income from Continuing Operations Before Income Taxes | 2,023,900 | 1,936,400 | 2,087,200 |
| Benefit from (Provision for) Income Taxes | 1,400 | 43,900 | (191,700) |
| Income from Continuing Operations | 2,025,300 | 1,980,300 | 1,895,500 |
| Loss from Discontinued Operations (net of income tax benefit of $2.2, $2.9 and $0.6) | (3,500) | (4,900) | (1,100) |
| Net Income | 2,021,800 | 1,975,400 | 1,894,400 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 5.13 | 4.97 | 4.76 |
| Diluted (in dollars per share) | 5.10 | 4.93 | 4.71 |
| Earnings per Share | |||
| Basic (in dollars per share) | 5.12 | 4.96 | 4.76 |
| Diluted (in dollars per share) | 5.09 | 4.92 | 4.71 |
| Weighted Average Shares | |||
| Basic (in shares) | 394,800 | 398,700 | 398,200 |
| Diluted (in shares) | 397,400 | 401,900 | 402,300 |
| Cash Dividends Declared per Common Share (in dollars per share) | 0.60 | 0.60 | 0.60 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Comprehensive Income | |||
| Net Income | $ 2,021,800 | 1,975,400 | 1,894,400 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | (566,700) | (706,100) | (1,182,600) |
| Unrealized gains and losses on available-for-sale investments: | |||
| Unrealized holding (losses) gains arising during the period (net of tax (benefit) provision of ($0.3), $0.0 and $0.1) | (1,600) | 500 | 1,700 |
| Reclassification adjustment for losses (gains) included in net income (net of tax benefit (provision) of $0.2 and ($0.2)) | 700 | 0 | (1,700) |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized losses on hedging instruments (net of tax benefit of $22.4 and $5.5) | (36,600) | (9,000) | 0 |
| Reclassification adjustment for losses included in net income (net of tax benefit of $3.7, $1.5 and $1.8) | 6,100 | 3,300 | 3,000 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax benefit of $16.6, $5.0 and $26.5) | (46,900) | (9,000) | (52,200) |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $2.0, $2.9 and $13.3) | 6,000 | 8,000 | 24,000 |
| Total other comprehensive items | (639,000) | (712,300) | (1,207,800) |
| Comprehensive Income | 1,382,800 | 1,263,100 | 686,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net Income | $ 2,021,800 | 1,975,400 | 1,894,400 |
| Loss from discontinued operations | 3,500 | 4,900 | 1,100 |
| Income from continuing operations | 2,025,300 | 1,980,300 | 1,895,500 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,758,000 | 1,688,200 | 1,684,800 |
| Change in deferred income taxes | (620,000) | (524,800) | (621,800) |
| Net gains on sale of businesses | 0 | (7,600) | (895,400) |
| Non-cash stock-based compensation | 133,500 | 125,000 | 117,100 |
| Tax benefits from stock-based compensation awards | (53,500) | (64,100) | (65,600) |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 75,000 | 6,900 | 303,400 |
| Other non-cash expenses, net | 66,800 | 58,600 | 38,000 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (352,200) | (149,400) | (145,400) |
| Inventories | 97,800 | (140,700) | (109,800) |
| Other assets | (152,800) | (254,300) | 163,100 |
| Accounts payable | 55,500 | (2,700) | 1,200 |
| Other liabilities | 167,600 | 147,700 | 308,400 |
| Contributions to retirement plans | (42,700) | (37,500) | (49,600) |
| Net cash provided by continuing operations | 3,158,300 | 2,825,600 | 2,623,900 |
| Net cash used in discontinued operations | (2,000) | (8,700) | (4,300) |
| Net cash provided by operating activities | 3,156,300 | 2,816,900 | 2,619,600 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (5,188,400) | (694,600) | (13,060,100) |
| Proceeds from sale of businesses, net of cash divested | 0 | 0 | 1,521,800 |
| Purchase of property, plant and equipment | (444,400) | (422,900) | (427,600) |
| Proceeds from sale of property, plant and equipment | 26,300 | 18,100 | 49,300 |
| Proceeds from sale of investments | 81,200 | 12,000 | 88,600 |
| (Increase) decrease in restricted cash | (1,500) | 5,800 | 48,600 |
| Other investing activities, net | (5,300) | (5,800) | (3,300) |
| Net cash used in investing activities | (5,532,100) | (1,087,400) | (11,782,700) |
| Financing Activities | |||
| Net proceeds from issuance of debt | 7,604,000 | 1,798,000 | 6,592,300 |
| Repayment of debt | (4,334,200) | (3,780,200) | (4,466,000) |
| Increase (decrease) in commercial paper, net | 904,100 | 49,500 | (249,900) |
| Purchases of company common stock | (1,250,000) | (500,000) | 0 |
| Dividends paid | (238,400) | (240,600) | (234,800) |
| Net proceeds from issuance of company common stock | 0 | 0 | 2,942,000 |
| Net proceeds from issuance of company common stock under employee stock plans | 135,300 | 124,000 | 155,400 |
| Tax benefits from stock-based compensation awards | 53,500 | 64,100 | 65,600 |
| Other financing activities, net | (13,700) | (6,100) | (8,500) |
| Net cash provided by (used in) financing activities | 2,860,600 | (2,491,300) | 4,796,100 |
| Exchange Rate Effect on Cash | (150,700) | (129,600) | (115,500) |
| Increase (Decrease) in Cash and Cash Equivalents | 334,100 | (891,400) | (4,482,500) |
| Cash and Cash Equivalents at Beginning of Period | 452,100 | 1,343,500 | |
| Cash and Cash Equivalents at End of Period | 786,200 | 452,100 | 1,343,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 786,200 | 452,100 |
| Accounts receivable, less allowances of $77.3 and $70.1 | 3,048,500 | 2,544,900 |
| Inventories | 2,213,300 | 1,991,700 |
| Refundable income taxes | 378,300 | 218,100 |
| Other current assets | 594,700 | 534,400 |
| Total current assets | 7,021,000 | 5,741,200 |
| Property, Plant and Equipment, Net | 2,577,800 | 2,448,800 |
| Acquisition-related Intangible Assets, Net | 13,969,000 | 12,758,300 |
| Other Assets | 1,011,900 | 1,058,400 |
| Goodwill | 21,327,800 | 18,827,600 |
| Total Assets | 45,907,500 | 40,834,300 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 1,255,500 | 1,051,800 |
| Accounts payable | 926,200 | 822,200 |
| Accrued payroll and employee benefits | 708,700 | 598,200 |
| Accrued income taxes | 165,400 | 212,500 |
| Deferred revenue | 485,900 | 317,900 |
| Other accrued expenses | 1,324,100 | 1,143,700 |
| Total current liabilities | 4,865,800 | 4,146,300 |
| Deferred Income Taxes | 2,557,400 | 2,622,600 |
| Other Long-term Liabilities | 1,572,600 | 1,295,000 |
| Long-term Obligations | 15,372,400 | 11,420,200 |
| 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; 415,138,564 and 411,944,301 shares issued | 415,100 | 411,900 |
| Capital in excess of par value | 12,139,600 | 11,801,200 |
| Retained earnings | 13,926,900 | 12,142,300 |
| Treasury stock at cost, 21,690,679 and 12,314,200 shares | (2,306,000) | (1,007,900) |
| Accumulated other comprehensive items | (2,636,300) | (1,997,300) |
| Total shareholders' equity | 21,539,300 | 21,350,200 |
| Total Liabilities and Shareholders' Equity | 45,907,500 | 40,834,300 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2016 | |
| 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 |