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: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net income | $ 1,329,900 | 1,035,600 | 850,300 |
| Income from discontinued operations | (5,500) | (36,100) | (28,100) |
| (Gain) loss on disposal of discontinued operations | (304,800) | (2,500) | 1,000 |
| Income from continuing operations | 1,019,600 | 997,000 | 823,200 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 863,500 | 746,000 | 762,900 |
| Change in deferred income taxes | (123,100) | (267,600) | (243,000) |
| Non-cash stock-based compensation | 80,200 | 81,800 | 67,000 |
| Non-cash interest expense on convertible debt | 1,400 | 9,100 | 22,500 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 69,500 | 11,400 | 3,700 |
| Tax benefits from stock-based compensation awards | (16,900) | (12,800) | (2,600) |
| Other non-cash expenses, net | 49,100 | 63,700 | 63,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (107,300) | (80,000) | 124,700 |
| Inventories | (32,500) | (27,700) | 108,400 |
| Other assets | (124,000) | (80,900) | (17,400) |
| Accounts payable | 31,400 | 2,500 | (45,200) |
| Other liabilities | (7,200) | 34,300 | (14,400) |
| Contributions to retirement plans | (25,300) | (24,400) | (41,100) |
| Net cash provided by continuing operations | 1,678,400 | 1,452,400 | 1,612,500 |
| Net cash provided by discontinued operations | 12,600 | 45,400 | 46,700 |
| Net cash provided by operating activities | 1,691,000 | 1,497,800 | 1,659,200 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (5,698,600) | (606,200) | (637,300) |
| Purchase of property, plant and equipment | (266,500) | (257,800) | (200,000) |
| Proceeds from sale of property, plant and equipment | 8,200 | 10,200 | 13,400 |
| Proceeds from sale of investments | 19,500 | 9,000 | 1,200 |
| Proceeds from sale of businesses, net of cash divested | 13,800 | 0 | 4,400 |
| Proceeds from derivative instruments related to Phadia acquisition | 27,600 | ||
| Other investing activities, net | (6,000) | (10,500) | (3,700) |
| Net cash used in continuing operations | (5,902,000) | (855,300) | (822,000) |
| Net cash provided by (used in) discontinued operations | 759,800 | (3,600) | (7,500) |
| Net cash used in investing activities | (5,142,200) | (858,900) | (829,500) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 4,254,100 | 741,400 | 748,200 |
| Increase in commercial paper, net | 899,300 | 0 | 0 |
| Settlement of convertible debt | (452,000) | (600,800) | (615,500) |
| Redemption and repayment of long-term obligations | (1,400) | (505,400) | (311,500) |
| Purchases of company common stock | (1,337,500) | (1,012,500) | (414,600) |
| Net proceeds from issuance of company common stock | 158,100 | 77,300 | 54,400 |
| Tax benefits from stock-based compensation awards | 16,900 | 12,800 | 2,600 |
| Increase (decrease) in short-term notes payable | 9,200 | (7,900) | (21,100) |
| Other financing activities, net | 3,900 | 0 | 0 |
| Net cash provided by (used in) financing activities | 3,550,600 | (1,295,100) | (557,500) |
| Exchange Rate Effect on Cash | (200) | 9,200 | 11,400 |
| Increase (Decrease) in Cash and Cash Equivalents | 99,200 | (647,000) | 283,600 |
| Cash and Cash Equivalents at Beginning of Period | 917,100 | 1,564,100 | |
| Cash and Cash Equivalents at End of Period | 1,016,300 | 917,100 | 1,564,100 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2011 | |
| 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 |