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: 2020 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Revenues | $ 32,218 | 25,542 | 24,358 |
| Costs and Operating Expenses: | |||
| Selling, general and administrative expenses | 6,930 | 6,144 | 6,057 |
| Research and development expenses | 1,181 | 1,003 | 967 |
| Restructuring and other costs (income), net | 99 | (413) | 50 |
| Total costs and operating expenses | 24,424 | 20,948 | 20,575 |
| Operating Income | 7,794 | 4,594 | 3,783 |
| Interest Income | 65 | 224 | 137 |
| Interest Expense | (553) | (676) | (667) |
| Other (Expense) Income, Net | (81) | (72) | 9 |
| Income Before Income Taxes | 7,225 | 4,070 | 3,262 |
| Provision for Income Taxes | (850) | (374) | (324) |
| Net Income | 6,375 | 3,696 | 2,938 |
| Earnings per Share | |||
| Basic (in dollars per share) | 16.09 | 9.24 | 7.31 |
| Diluted (in dollars per share) | 15.96 | 9.17 | 7.24 |
| Weighted Average Shares | |||
| Basic (in shares) | 396 | 400 | 402 |
| Diluted (in shares) | 399 | 403 | 406 |
| Product and Service | |||
| Product | |||
| Revenues | 25,306 | 19,496 | 18,868 |
| Cost of revenues | 11,407 | 10,037 | 9,682 |
| Service | |||
| Revenues | 6,912 | 6,046 | 5,490 |
| Cost of revenues | 4,807 | 4,177 | 3,819 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Comprehensive Income | |||
| Net Income | $ 6,375 | 3,696 | 2,938 |
| Other Comprehensive Items: | |||
| Currency translation adjustment: | |||
| Currency translation adjustment (net of tax (benefit) provision of $(221), $25 and $84) | (118) | (107) | (434) |
| Reclassification adjustment for losses included in net income | 0 | 30 | 0 |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized losses on hedging instruments (net of tax benefit of $20, $12 and $0) | (65) | (38) | 0 |
| Reclassification adjustment for losses included in net income (net of tax benefit of $14, $6 and $3) | 45 | 19 | 9 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax (benefit) provision of $(1), $(31) and $2) | (8) | (93) | 3 |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $4, $2 and $5) | 18 | 8 | 15 |
| Total other comprehensive items | (128) | (181) | (407) |
| Comprehensive Income | 6,247 | 3,515 | 2,531 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net Income | $ 6,375 | 3,696 | 2,938 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 658 | 564 | 526 |
| Amortization of acquisition-related intangible assets | 1,667 | 1,713 | 1,741 |
| Change in deferred income taxes | (552) | (302) | (379) |
| Gain on sales of businesses | 0 | (482) | 0 |
| Stock-based compensation | 196 | 181 | 181 |
| Loss on early extinguishment of debt | 0 | 184 | 3 |
| Other non-cash expenses, net | 340 | 84 | 103 |
| Changes in assets and liabilities, excluding the effects of acquisitions and disposition: | |||
| Accounts receivable | (1,302) | (225) | (366) |
| Inventories | (508) | (458) | (324) |
| Accounts payable | 59 | 266 | 201 |
| Contributions to retirement plans | (96) | (50) | (93) |
| Other | 1,452 | (198) | 12 |
| Net cash provided by operating activities | 8,289 | 4,973 | 4,543 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (38) | (1,843) | (536) |
| Proceeds from sale of business, net of cash divested | 0 | 1,128 | 0 |
| Purchase of property, plant and equipment | (1,474) | (926) | (758) |
| Proceeds from sale of property, plant and equipment | 8 | 36 | 50 |
| Other investing activities, net | (6) | 118 | (9) |
| Net cash used in investing activities | (1,510) | (1,487) | (1,253) |
| Financing Activities | |||
| Net proceeds from issuance of debt | 3,464 | 5,638 | 690 |
| Repayment of debt | (713) | (6,360) | (2,052) |
| Proceeds from issuance of commercial paper | 383 | 2,781 | 5,060 |
| Repayments of commercial paper | (387) | (3,464) | (5,254) |
| Purchases of company common stock | (1,500) | (1,500) | (500) |
| Dividends paid | (337) | (297) | (266) |
| Net proceeds from issuance of company common stock under employee stock plans | 196 | 153 | 136 |
| Other financing activities, net | (147) | (69) | (51) |
| Net cash provided by (used in) financing activities | 959 | (3,118) | (2,237) |
| Exchange Rate Effect on Cash | 176 | (63) | (297) |
| Increase in Cash, Cash Equivalents and Restricted Cash | 7,914 | 305 | 756 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Year | 2,422 | 2,117 | |
| Cash, Cash Equivalents and Restricted Cash at End of Year | 10,336 | 2,422 | 2,117 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 10,325 | 2,399 |
| Accounts receivable, less allowances of $135 and $102 | 5,741 | 4,349 |
| Inventories | 4,029 | 3,370 |
| Contract assets, net | 731 | 603 |
| Other current assets | 1,131 | 1,172 |
| Total current assets | 21,957 | 11,893 |
| Property, Plant and Equipment, Net | 5,912 | 4,749 |
| Acquisition-related Intangible Assets, Net | 12,685 | 14,014 |
| Other Assets | 2,457 | 2,011 |
| Goodwill | 26,041 | 25,714 |
| Total Assets | 69,052 | 58,381 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 2,628 | 676 |
| Accounts payable | 2,175 | 1,920 |
| Accrued payroll and employee benefits | 1,916 | 1,010 |
| Contract liabilities | 1,271 | 916 |
| Other accrued expenses | 2,314 | 1,675 |
| Total current liabilities | 10,304 | 6,197 |
| Deferred Income Taxes | 1,794 | 2,192 |
| Other Long-term Liabilities | 3,340 | 3,241 |
| Long-term Obligations | 19,107 | 17,076 |
| 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; 437,088,297 and 434,416,804 shares issued | 437 | 434 |
| Capital in excess of par value | 15,579 | 15,064 |
| Retained earnings | 28,116 | 22,092 |
| Treasury stock at cost, 40,417,789 and 35,676,421 shares | (6,818) | (5,236) |
| Accumulated other comprehensive items | (2,807) | (2,679) |
| Total shareholders' equity | 34,507 | 29,675 |
| Total Liabilities and Shareholders' Equity | 69,052 | 58,381 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2020 | |
| 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 |