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: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Activities | |||
| Net income | $ 1,177,900 | 1,329,900 | 1,035,600 |
| Loss (income) from discontinued operations | 19,200 | (1,700) | (47,000) |
| Loss (gain) on disposal of discontinued operations | 61,300 | (304,800) | (2,500) |
| Income from continuing operations | 1,258,400 | 1,023,400 | 986,100 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 983,700 | 859,600 | 739,700 |
| Change in deferred income taxes | (301,600) | (123,100) | (266,500) |
| Non-cash stock-based compensation | 78,200 | 80,000 | 81,600 |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 52,400 | 69,500 | 11,400 |
| Tax benefits from stock-based compensation awards | (22,700) | (16,900) | (12,800) |
| Other non-cash expenses, net | 53,800 | 49,500 | 72,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | 12,000 | (101,200) | (70,800) |
| Inventories | (59,900) | (28,600) | (24,100) |
| Other assets | (100,300) | (136,800) | (78,000) |
| Accounts payable | 10,000 | 33,800 | (500) |
| Other liabilities | 127,200 | (7,300) | 35,600 |
| Contributions to retirement plans | (23,300) | (25,300) | (24,400) |
| Net cash provided by continuing operations | 2,067,900 | 1,676,600 | 1,450,100 |
| Net cash (used in) provided by discontinued operations | (28,400) | 14,400 | 47,700 |
| Net cash provided by operating activities | 2,039,500 | 1,691,000 | 1,497,800 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (1,083,400) | (5,690,300) | (606,200) |
| Purchase of property, plant and equipment | (315,100) | (260,900) | (245,400) |
| Proceeds from sale of property, plant and equipment | 12,800 | 8,200 | 10,200 |
| Proceeds from sale of investments | 1,900 | 19,500 | 9,000 |
| Proceeds from sale of businesses, net of cash divested | 13,800 | ||
| Proceeds from derivative instruments related to Phadia acquisition | 27,600 | ||
| Other investing activities, net | (800) | (6,000) | (10,100) |
| Net cash used in continuing operations | (1,384,600) | (5,888,100) | (842,500) |
| Net cash provided by (used in) discontinued operations | 58,800 | 745,900 | (16,400) |
| Net cash used in investing activities | (1,325,800) | (5,142,200) | (858,900) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 1,282,100 | 4,254,100 | 741,400 |
| (Decrease) increase in commercial paper, net | (849,300) | 899,300 | |
| Settlement of convertible debt | (452,000) | (600,800) | |
| Redemption and repayment of long-term obligations | (354,500) | (1,400) | (505,400) |
| Purchases of company common stock | (1,150,000) | (1,337,500) | (1,012,500) |
| Dividends paid | (142,200) | ||
| Net proceeds from issuance of company common stock | 254,100 | 158,100 | 77,300 |
| Tax benefits from stock-based compensation awards | 22,700 | 16,900 | 12,800 |
| Increase (decrease) in short-term notes payable | 24,000 | 9,200 | (7,900) |
| Other financing activities, net | (4,600) | 3,900 | |
| Net cash (used in) provided by financing activities | (917,700) | 3,550,600 | (1,295,100) |
| Exchange Rate Effect on Cash | 38,700 | (200) | 9,200 |
| (Decrease) Increase in Cash and Cash Equivalents | (165,300) | 99,200 | (647,000) |
| Cash and Cash Equivalents at Beginning of Period | 1,016,300 | 917,100 | |
| Cash and Cash Equivalents at End of Period | 851,000 | 1,016,300 | 917,100 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2012 | |
| 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 |