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: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net income | $ 6,960 | 7,728 | 6,377 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 986 | 831 | 658 |
| Amortization of acquisition-related intangible assets | 2,395 | 1,761 | 1,667 |
| Change in deferred income taxes | (995) | (647) | (552) |
| Stock-based compensation | 307 | 230 | 196 |
| Loss on early extinguishment of debt | 26 | 767 | 0 |
| Other non-cash expenses | 524 | 190 | 338 |
| Changes in assets and liabilities, excluding the effects of acquisitions and disposition: | |||
| Accounts receivable | (430) | (204) | (1,302) |
| Inventories | (825) | (1,065) | (508) |
| Accounts payable | 648 | 479 | 59 |
| Contributions to retirement plans | (41) | (34) | (96) |
| Other | (401) | (724) | 1,452 |
| Net cash provided by operating activities | 9,154 | 9,312 | 8,289 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (39) | (19,395) | (38) |
| Purchase of property, plant and equipment | (2,243) | (2,523) | (1,474) |
| Proceeds from sale of property, plant and equipment | 24 | 20 | 8 |
| Other investing activities, net | 99 | (34) | (6) |
| Net cash used in investing activities | (2,159) | (21,932) | (1,510) |
| Financing activities | |||
| Net proceeds from issuance of debt | 3,193 | 18,137 | 3,464 |
| Repayment of debt | (375) | (11,738) | (710) |
| Proceeds from issuance of commercial paper | 1,526 | 2,512 | 383 |
| Repayments of commercial paper | (3,690) | 0 | (387) |
| Purchases of company common stock | (3,000) | (2,000) | (1,500) |
| Dividends paid | (455) | (395) | (337) |
| Other financing activities, net | (9) | 65 | 46 |
| Net cash (used in) provided by financing activities | (2,810) | 6,581 | 959 |
| Exchange rate effect on cash | (139) | 194 | 176 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 4,046 | (5,845) | 7,914 |
| Cash, cash equivalents and restricted cash at beginning of year | 4,491 | 10,336 | |
| Cash, cash equivalents and restricted cash at end of year | 8,537 | 4,491 | 10,336 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2022 | |
| 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 |