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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating activities | |||
| Net income | $ 7,728 | 6,377 | 3,698 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 831 | 658 | 564 |
| Amortization of acquisition-related intangible assets | 1,761 | 1,667 | 1,713 |
| Change in deferred income taxes | (647) | (552) | (302) |
| Gain on sales of businesses | 0 | 0 | (482) |
| Stock-based compensation | 230 | 196 | 181 |
| Loss on early extinguishment of debt | 767 | 0 | 184 |
| Other non-cash expenses | 190 | 338 | 82 |
| Changes in assets and liabilities, excluding the effects of acquisitions and disposition: | |||
| Accounts receivable | (204) | (1,302) | (225) |
| Inventories | (1,065) | (508) | (458) |
| Accounts payable | 479 | 59 | 266 |
| Contributions to retirement plans | (34) | (96) | (50) |
| Other | (724) | 1,452 | (198) |
| Net cash provided by operating activities | 9,312 | 8,289 | 4,973 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (19,395) | (38) | (1,843) |
| Proceeds from sale of business, net of cash divested | 0 | 0 | 1,128 |
| Purchase of property, plant and equipment | (2,523) | (1,474) | (926) |
| Proceeds from sale of property, plant and equipment | 20 | 8 | 36 |
| Other investing activities, net | (34) | (6) | 118 |
| Net cash used in investing activities | (21,932) | (1,510) | (1,487) |
| Financing activities | |||
| Net proceeds from issuance of debt | 18,137 | 3,464 | 5,638 |
| Repayment of debt | (11,738) | (710) | (6,355) |
| Proceeds from issuance of commercial paper | 2,512 | 383 | 2,781 |
| Repayments of commercial paper | 0 | (387) | (3,464) |
| Purchases of company common stock | (2,000) | (1,500) | (1,500) |
| Dividends paid | (395) | (337) | (297) |
| Net proceeds from issuance of company common stock under employee stock plans | 156 | 196 | 153 |
| Other financing activities, net | (91) | (150) | (74) |
| Net cash provided by (used in) financing activities | 6,581 | 959 | (3,118) |
| Exchange rate effect on cash | 194 | 176 | (63) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (5,845) | 7,914 | 305 |
| Cash, cash equivalents and restricted cash at beginning of year | 10,336 | 2,422 | |
| Cash, cash equivalents and restricted cash at end of year | 4,491 | 10,336 | 2,422 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2021 | |
| 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 |