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: 2017 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Product revenues | $ 17,374 | 15,712 | 14,668 |
| Service revenues | 3,544 | 2,562 | 2,297 |
| Total revenues | 20,918 | 18,274 | 16,965 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 8,976 | 8,214 | 7,584 |
| Cost of service revenues | 2,497 | 1,691 | 1,625 |
| Selling, general and administrative expenses | 5,492 | 4,976 | 4,612 |
| Research and development expenses | 888 | 755 | 692 |
| Restructuring and other costs, net | 97 | 189 | 116 |
| Total costs and operating expenses | 17,950 | 15,825 | 14,629 |
| Operating Income | 2,968 | 2,449 | 2,336 |
| Other Expense, Net | (539) | (425) | (400) |
| Income from Continuing Operations Before Income Taxes | 2,429 | 2,024 | 1,936 |
| (Provision for) Benefit from Income Taxes | (201) | 1 | 44 |
| Income from Continuing Operations | 2,228 | 2,025 | 1,980 |
| Loss from Discontinued Operations (net of income tax benefit of $2, $2 and $3) | (3) | (3) | (5) |
| Net Income | 2,225 | 2,022 | 1,975 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 5.65 | 5.13 | 4.97 |
| Diluted (in dollars per share) | 5.60 | 5.10 | 4.93 |
| Earnings per Share | |||
| Basic (in dollars per share) | 5.64 | 5.12 | 4.96 |
| Diluted (in dollars per share) | 5.59 | 5.09 | 4.92 |
| Weighted Average Shares | |||
| Basic (in shares) | 395 | 395 | 399 |
| Diluted (in shares) | 398 | 397 | 402 |
| 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: 2017 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Comprehensive Income | |||
| Net Income | $ 2,225 | 2,022 | 1,975 |
| Other Comprehensive Items: | |||
| Currency translation adjustment (net of tax benefit of $145, $0 and $0) | 588 | (566) | (706) |
| Unrealized gains and losses on available-for-sale investments: | |||
| Unrealized holding (losses) gains arising during the period (net of tax (benefit) provision of $0, $0 and $0) | (1) | (2) | 1 |
| Reclassification adjustment for (gains) losses included in net income (net of tax (provision) benefit of ($1), $0 and $0) | (1) | 1 | 0 |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized losses on hedging instruments (net of tax benefit of $0, $22 and $6) | 0 | (37) | (9) |
| Reclassification adjustment for losses included in net income (net of tax benefit of $5, $4 and $2) | 7 | 6 | 3 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax provision (benefit) of $7, ($17) and ($5)) | 23 | (47) | (9) |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $5, $2 and $3) | 17 | 6 | 8 |
| Total other comprehensive items | 633 | (639) | (712) |
| Comprehensive Income | 2,858 | 1,383 | 1,263 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities | |||
| Net Income | $ 2,225 | 2,022 | 1,975 |
| Loss from discontinued operations | 3 | 3 | 5 |
| Income from continuing operations | 2,228 | 2,025 | 1,980 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,033 | 1,758 | 1,688 |
| Change in deferred income taxes | (1,098) | (620) | (525) |
| Non-cash stock-based compensation | 159 | 133 | 125 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 87 | 75 | 7 |
| Other non-cash expenses, net | 103 | 67 | 61 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (362) | (352) | (149) |
| Inventories | (81) | 98 | (141) |
| Other assets | (153) | (153) | (254) |
| Accounts payable | 274 | 56 | (3) |
| Other liabilities | 1,016 | 216 | 200 |
| Contributions to retirement plans | (200) | (43) | (38) |
| Net cash provided by continuing operations | 4,006 | 3,260 | 2,951 |
| Net cash used in discontinued operations | (1) | (2) | (9) |
| Net cash provided by operating activities | 4,005 | 3,258 | 2,942 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (7,226) | (5,178) | (695) |
| Purchase of property, plant and equipment | (508) | (444) | (423) |
| Proceeds from sale of property, plant and equipment | 7 | 26 | 18 |
| Proceeds from sale of investments | 22 | 81 | 12 |
| Other investing activities, net | (24) | (5) | (5) |
| Net cash used in investing activities | (7,729) | (5,520) | (1,093) |
| Financing Activities | |||
| Net proceeds from issuance of debt | 6,459 | 7,604 | 1,798 |
| Repayment of debt | (3,299) | (4,334) | (3,789) |
| Proceeds from issuance of commercial paper | 8,380 | 9,182 | 7,934 |
| Repayments of commercial paper | (8,514) | (8,278) | (7,885) |
| Purchases of company common stock | (750) | (1,250) | (500) |
| Dividends paid | (237) | (238) | (241) |
| Net proceeds from issuance of company common stock | 1,690 | 0 | 0 |
| Net proceeds from issuance of company common stock under employee stock plans | 128 | 87 | 72 |
| Other financing activities, net | (3) | (14) | (6) |
| Net cash provided by (used in) financing activities | 3,854 | 2,759 | (2,617) |
| Exchange Rate Effect on Cash | 420 | (152) | (130) |
| Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 550 | 345 | (898) |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 811 | 466 | |
| Cash, Cash Equivalents and Restricted Cash at End of Period | 1,361 | 811 | 466 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2017 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 1,335 | 786 |
| Accounts receivable, less allowances of $109 and $77 | 3,879 | 3,049 |
| Inventories | 2,971 | 2,213 |
| Refundable income taxes | 432 | 378 |
| Other current assets | 804 | 595 |
| Total current assets | 9,421 | 7,021 |
| Property, Plant and Equipment, Net | 4,047 | 2,578 |
| Acquisition-related Intangible Assets, Net | 16,684 | 13,969 |
| Other Assets | 1,227 | 1,012 |
| Goodwill | 25,290 | 21,328 |
| Total Assets | 56,669 | 45,908 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 2,135 | 1,255 |
| Accounts payable | 1,428 | 926 |
| Accrued payroll and employee benefits | 918 | 709 |
| Deferred revenue | 719 | 486 |
| Other accrued expenses | 1,848 | 1,490 |
| Total current liabilities | 7,048 | 4,866 |
| Deferred Income Taxes | 2,766 | 2,557 |
| Other Long-term Liabilities | 2,569 | 1,573 |
| Long-term Obligations | 18,873 | 15,372 |
| 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; 428,327,873 and 415,138,564 shares issued | 428 | 415 |
| Capital in excess of par value | 14,177 | 12,140 |
| Retained earnings | 15,914 | 13,927 |
| Treasury stock at cost, 27,013,311 and 21,690,679 shares | (3,103) | (2,306) |
| Accumulated other comprehensive items | (2,003) | (2,636) |
| Total shareholders' equity | 25,413 | 21,540 |
| Total Liabilities and Shareholders' Equity | 56,669 | 45,908 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2017 | |
| 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 |