Thermo Fisher Scientific Inc (TMO) financial statements (2021 and earlier)

Company profile

Business Address 168 THIRD AVENUE
WALTHAM, MA 02451
State of Incorp. DE
Fiscal Year End December 31
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3992,1031,3357864521,3525,831
Cash and cash equivalents2,3992,1031,3357864521,3445,826
Short-term investments     95
Receivables4,3494,1364,3113,4272,5452,4741,942
Inventory, net of allowances, customer advances and progress billings3,3703,0052,9712,2131,9921,8601,495
Inventory3,3703,0052,9712,2131,9921,8601,495
Contract with customer, asset603 
Other current assets1,1721,381804595753551421
Other undisclosed current assets     303193
Total current assets:11,89310,6259,4217,0215,7416,5409,881
Noncurrent Assets
Property, plant and equipment4,7494,1654,0472,5782,4492,4271,767
Long-term investments and receivables     4721
Long-term investments     3914
Accounts and financing receivable, after allowance for credit loss     88
Intangible assets, net (including goodwill)39,72840,32541,97435,29731,58632,95319,575
Goodwill25,71425,34725,29021,32818,82818,84312,503
Intangible assets, net (excluding goodwill)14,01414,97816,68413,96912,75814,1107,071
Other noncurrent assets2,0111,1171,2271,0121,113933641
Other undisclosed noncurrent assets     (47)(21)
Total noncurrent assets:46,48845,60747,24838,88735,14836,31221,983
TOTAL ASSETS:58,38156,23256,66945,90840,88942,85231,863
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9302,5972,3461,8001,6331,6551,124
Accounts payable1,9201,6151,428926822821692
Employee-related liabilities1,010982918709598669432
Taxes payable   165213165 
Deferred revenue916
Debt6761,2712,1351,2561,0532,212988
Deferred revenue and credits719486318312199
Contract with customer, liability809
Other liabilities1,6751,4701,8481,3241,1441,171816
Total current liabilities:6,1976,1477,0484,8664,1475,3503,126
Noncurrent Liabilities
Long-term debt and lease obligation, including:17,07617,71918,87315,37211,47412,3529,500
Long-term debt, excluding current maturities17,076      
Other undisclosed long-term debt and lease obligation 17,71918,87315,37211,47412,3529,500
Liabilities, other than long-term debt5,4332,8702,5691,5733,9181,1722,382
Contract with customer, liability355
Deferred tax liabilities, net   2,623 1,610
Deferred income tax liabilities2,192
Other liabilities3,2412,5152,5691,5731,2951,172772
Total noncurrent liabilities:22,50920,58921,44216,94515,39213,52411,881
Total liabilities:28,70626,73628,49021,81119,53918,87315,007
Stockholders' equity
Stockholders' equity attributable to parent29,67527,58625,41321,53921,35020,54816,856
Common stock434432428415412409370
Treasury stock, value(5,236)(3,665)(3,103)(2,306)(1,008)(456)(412)
Additional paid in capital15,06414,62114,17712,14011,80111,4748,223
Accumulated other comprehensive loss(2,679)(2,498)(2,003)(2,636)(1,997)(1,285)(77)
Retained earnings22,09218,69615,91413,92712,14210,4078,753
Total stockholders' equity:29,67527,58625,41321,53921,35020,54816,856
Other undisclosed liabilities and equity 1,9102,7662,557 3,431 
TOTAL LIABILITIES AND EQUITY:58,38156,23256,66945,90840,88942,85231,863

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues25,54224,35820,91818,27416,96516,89013,090
Revenue, net20,91818,27416,96516,89013,090
Cost of revenue(12,002)(11,743)(11,570)(10,094)(9,325)(9,398)(7,561)
Cost of goods and services sold  (11,473)(9,905)(9,210)(9,398)(7,561)
Gross profit:13,54012,6159,3488,1807,6417,4925,529
Operating expenses(8,946)(8,832)(6,380)(5,731)(5,304)(6,927)(4,605)
Other undisclosed operating income     1,938685
Operating income:4,5943,7832,9682,4492,3362,5031,610
Nonoperating income (expense)1521465344151,002(40)
Investment income, nonoperating22413781483195233
Foreign currency transaction gain (loss), before tax     33(17)
Other nonoperating income (expense)(72)9(28)(4)(16)16(56)
Interest and debt expense(676)(667)(592)(470)(415)(480)(262)
Income from continuing operations before equity method investments, income taxes:4,0703,2622,4292,0241,9363,0251,308
Other undisclosed income (loss) from continuing operations before income taxes     (937)12
Income from continuing operations before income taxes:4,0703,2622,4292,0241,9362,0871,320
Income tax expense (benefit)(374)(324)(201)144(192)(40)
Income from continuing operations:3,6962,9382,2282,0251,9801,8961,279
Income (loss) from discontinued operations  (3)(4)(5)14
Net income:3,6962,9382,2252,0221,9751,8961,283
Other undisclosed net loss attributable to parent      (10)
Net income attributable to parent:3,6962,9382,2252,0221,9751,8961,273
Other undisclosed net loss available to common stockholders, basic     (2) 
Net income available to common stockholders, diluted:3,6962,9382,2252,0221,9751,8941,273

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,6962,9382,2252,0221,9751,8961,283
Other comprehensive income (loss)29(7)(12)15213 
Comprehensive income:3,7252,9312,2132,0361,9781,9091,283
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(210)(400)645(654)(714)(1,223)64
Comprehensive income, net of tax, attributable to parent:3,5152,5312,8581,3831,2636871,347

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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