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: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities | |||
| Net income | $ 1,894,400 | 1,273,300 | 1,177,900 |
| Loss from discontinued operations | 1,100 | 700 | 19,200 |
| Loss on disposal of discontinued operations | 0 | 5,100 | 61,300 |
| Income from continuing operations | 1,895,500 | 1,279,100 | 1,258,400 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,684,800 | 999,900 | 983,700 |
| Change in deferred income taxes | (621,800) | (472,800) | (301,600) |
| Net gains on sale of businesses | (895,400) | 0 | 0 |
| Non-cash stock-based compensation | 117,100 | 90,900 | 78,200 |
| Tax benefits from stock-based compensation awards | (65,600) | (48,800) | (22,700) |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 303,400 | 23,900 | 52,400 |
| Other non-cash expenses, net | 38,000 | 22,700 | 53,800 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (145,400) | (147,900) | 12,000 |
| Inventories | (109,800) | (72,200) | (59,900) |
| Other assets | 163,100 | 168,700 | (100,300) |
| Accounts payable | 1,200 | 47,000 | 10,000 |
| Other liabilities | 308,400 | 163,300 | 127,200 |
| Contributions to retirement plans | (49,600) | (38,200) | (23,300) |
| Net cash provided by continuing operations | 2,623,900 | 2,015,600 | 2,067,900 |
| Net cash used in discontinued operations | (4,300) | (4,900) | (28,400) |
| Net cash provided by operating activities | 2,619,600 | 2,010,700 | 2,039,500 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (13,060,100) | (11,400) | (1,083,400) |
| Proceeds from sale of businesses, net of cash divested | 1,521,800 | 0 | 0 |
| Purchase of property, plant and equipment | (427,600) | (282,400) | (315,100) |
| Proceeds from sale of property, plant and equipment | 49,300 | 20,700 | 12,800 |
| Proceeds from sale of investments | 88,600 | 7,600 | 1,900 |
| Decrease (increase) in restricted cash | 48,600 | 4,000 | (45,100) |
| Other investing activities, net | (3,300) | (1,800) | (800) |
| Net cash used in investing activities | (11,782,700) | (263,300) | (1,429,700) |
| Net cash provided by discontinued operations | 0 | 0 | 58,800 |
| Net cash used in investing activities | (11,782,700) | (263,300) | (1,370,900) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 6,592,300 | 3,167,800 | 1,282,100 |
| (Decrease) increase in commercial paper, net | (249,900) | 199,900 | (849,300) |
| Repayment of long-term obligations | (4,429,400) | (1,000) | (354,500) |
| (Decrease) increase in short-term notes payable | (36,600) | (12,000) | 24,000 |
| Purchases of company common stock | 0 | (89,800) | (1,150,000) |
| Dividends paid | (234,800) | (216,200) | (142,200) |
| Net proceeds from issuance of company common stock | 2,942,000 | 0 | 0 |
| Net proceeds from issuance of company common stock under employee stock plans | 155,400 | 230,400 | 254,100 |
| Tax benefits from stock-based compensation awards | 65,600 | 48,800 | 22,700 |
| Other financing activities, net | (8,500) | (17,900) | (4,600) |
| Net cash provided by (used in) financing activities | 4,796,100 | 3,310,000 | (917,700) |
| Exchange Rate Effect on Cash | (115,500) | (37,000) | 38,400 |
| (Decrease) Increase in Cash and Cash Equivalents | (4,482,500) | 5,020,400 | (210,700) |
| Cash and Cash Equivalents at Beginning of Period | 5,826,000 | 805,600 | |
| Cash and Cash Equivalents at End of Period | 1,343,500 | 5,826,000 | 805,600 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2014 | |
| 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 |