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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,3252,3992,1031,3357864521,352
Cash and cash equivalents10,3252,3992,1031,3357864521,344
Short-term investments      9
Receivables5,7414,3494,1364,3113,4272,5452,474
Inventory, net of allowances, customer advances and progress billings4,0293,3703,0052,9712,2131,9921,860
Inventory4,0293,3703,0052,9712,2131,9921,860
Contract with customer, asset731603 
Other current assets1,1311,1721,381804595753551
Other undisclosed current assets      303
Total current assets:21,95711,89310,6259,4217,0215,7416,540
Noncurrent Assets
Property, plant and equipment5,9124,7494,1654,0472,5782,4492,427
Long-term investments and receivables      47
Long-term investments      39
Accounts and financing receivable, after allowance for credit loss      8
Intangible assets, net (including goodwill)38,72639,72840,32541,97435,29731,58632,953
Goodwill26,04125,71425,34725,29021,32818,82818,843
Intangible assets, net (excluding goodwill)12,68514,01414,97816,68413,96912,75814,110
Other noncurrent assets2,4572,0111,1171,2271,0121,113933
Other undisclosed noncurrent assets      (47)
Total noncurrent assets:47,09546,48845,60747,24838,88735,14836,312
TOTAL ASSETS:69,05258,38156,23256,66945,90840,88942,852
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0912,9302,5972,3461,8001,6331,655
Accounts payable2,1751,9201,6151,428926822821
Employee-related liabilities1,9161,010982918709598669
Taxes payable    165213165
Deferred revenue1,271916
Debt2,6286761,2712,1351,2561,0532,212
Deferred revenue and credits719486318312
Contract with customer, liability809
Other liabilities2,3141,6751,4701,8481,3241,1441,171
Total current liabilities:10,3046,1976,1477,0484,8664,1475,350
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,10717,07617,71918,87315,37211,47412,352
Long-term debt, excluding current maturities19,10717,076     
Other undisclosed long-term debt and lease obligation  17,71918,87315,37211,47412,352
Liabilities, other than long-term debt5,1345,4332,8702,5691,5733,9181,172
Contract with customer, liability355
Deferred tax liabilities, net   2,623 
Deferred income tax liabilities1,7942,192
Other liabilities3,3403,2412,5152,5691,5731,2951,172
Total noncurrent liabilities:24,24122,50920,58921,44216,94515,39213,524
Total liabilities:34,54528,70626,73628,49021,81119,53918,873
Stockholders' equity
Stockholders' equity attributable to parent34,50729,67527,58625,41321,53921,35020,548
Common stock437434432428415412409
Treasury stock, value(6,818)(5,236)(3,665)(3,103)(2,306)(1,008)(456)
Additional paid in capital15,57915,06414,62114,17712,14011,80111,474
Accumulated other comprehensive loss(2,807)(2,679)(2,498)(2,003)(2,636)(1,997)(1,285)
Retained earnings28,11622,09218,69615,91413,92712,14210,407
Total stockholders' equity:34,50729,67527,58625,41321,53921,35020,548
Other undisclosed liabilities and equity  1,9102,7662,557 3,431
TOTAL LIABILITIES AND EQUITY:69,05258,38156,23256,66945,90840,88942,852

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues32,21825,54224,35820,91818,27416,96516,890
Revenue, net20,91818,27416,96516,890
Cost of revenue(14,532)(12,002)(11,743)(11,570)(10,094)(9,325)(9,398)
Cost of goods and services sold   (11,473)(9,905)(9,210)(9,398)
Gross profit:17,68613,54012,6159,3488,1807,6417,492
Operating expenses(9,892)(8,946)(8,832)(6,380)(5,731)(5,304)(6,927)
Other undisclosed operating income      1,938
Operating income:7,7944,5943,7832,9682,4492,3362,503
Nonoperating income (expense)(16)1521465344151,002
Investment income, nonoperating65224137814831952
Other nonoperating income (expense)(81)(72)9(28)(4)(16)16
Interest and debt expense(553)(676)(667)(592)(470)(415)(480)
Income from continuing operations before equity method investments, income taxes:7,2254,0703,2622,4292,0241,9363,025
Other undisclosed loss from continuing operations before income taxes      (937)
Income from continuing operations before income taxes:7,2254,0703,2622,4292,0241,9362,087
Income tax expense (benefit)(850)(374)(324)(201)144(192)
Income from continuing operations:6,3753,6962,9382,2282,0251,9801,896
Income (loss) from discontinued operations   (3)(4)(5)1
Net income attributable to parent:6,3753,6962,9382,2252,0221,9751,896
Other undisclosed net loss available to common stockholders, basic      (2)
Net income available to common stockholders, diluted:6,3753,6962,9382,2252,0221,9751,894

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:6,3753,6962,9382,2252,0221,9751,896
Other comprehensive income (loss)(3)29(7)(12)15213
Comprehensive income:6,3723,7252,9312,2132,0361,9781,909
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(125)(210)(400)645(654)(714)(1,223)
Comprehensive income, net of tax, attributable to parent:6,2473,5152,5312,8581,3831,263687

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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