2010 Q2 Form 10-Q Financial Statement

#000009774510000014 Filed on May 06, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q1
Revenue $2.585B $2.255B
YoY Change 4.07% -11.7%
Cost Of Revenue $210.4M $208.5M
YoY Change -5.86% -86.43%
Gross Profit $1.059B $886.9M
YoY Change 7.12% -12.88%
Gross Profit Margin 40.95% 39.33%
Selling, General & Admin $698.3M $625.0M
YoY Change 5.66% -5.45%
% of Gross Profit 65.96% 70.47%
Research & Development $66.00M $58.00M
YoY Change 13.79% -6.45%
% of Gross Profit 6.23% 6.54%
Depreciation & Amortization $193.6M $190.3M
YoY Change 310.17% -4.28%
% of Gross Profit 18.29% 21.46%
Operating Expenses $698.3M $625.0M
YoY Change 5.66% -13.55%
Operating Profit $284.6M $190.1M
YoY Change 9.88% -35.56%
Interest Expense $22.30M -$25.00M
YoY Change -24.66% -3.85%
% of Operating Profit 7.84% -13.15%
Other Income/Expense, Net -$5.000M $2.000M
YoY Change 150.0% -75.0%
Pretax Income $259.7M $167.0M
YoY Change 11.94% -38.6%
Income Tax $35.10M $18.30M
% Of Pretax Income 13.52% 10.96%
Net Earnings $232.3M $148.9M
YoY Change 12.28% -35.26%
Net Earnings / Revenue 8.99% 6.6%
Basic Earnings Per Share $0.57 $0.36
Diluted Earnings Per Share $0.56 $0.35
COMMON SHARES
Basic Shares Outstanding 409.6M shares 417.7M shares
Diluted Shares Outstanding 418.2M shares 425.3M shares

Balance Sheet

Concept 2010 Q2 2009 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.440B $1.570B
YoY Change 0.91% 109.89%
Cash & Equivalents $1.432B $1.561B
Short-Term Investments $9.000M $9.000M
Other Short-Term Assets $279.0M $364.0M
YoY Change -27.53% -10.78%
Inventory $1.155B $1.162B
Prepaid Expenses
Receivables $1.494B $1.423B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.529B $4.519B
YoY Change 1.38% 13.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.312B $1.249B
YoY Change 3.17% -3.78%
Goodwill $9.109B
YoY Change
Intangibles $6.239B
YoY Change
Long-Term Investments
YoY Change
Other Assets $436.4M $371.0M
YoY Change 12.47% -7.94%
Total Long-Term Assets $17.10B $16.51B
YoY Change 2.44% -5.68%
TOTAL ASSETS
Total Short-Term Assets $4.529B $4.519B
Total Long-Term Assets $17.10B $16.51B
Total Assets $21.62B $21.03B
YoY Change 2.21% -2.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $596.1M $607.0M
YoY Change 1.21% -16.74%
Accrued Expenses $799.0M $677.0M
YoY Change 10.36% -13.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $149.0M $16.00M
YoY Change 831.25% -89.4%
Total Short-Term Liabilities $1.776B $1.500B
YoY Change 16.52% -21.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.930B $2.025B
YoY Change -4.83% -1.03%
Other Long-Term Liabilities $541.0M $588.0M
YoY Change -10.73% 17.37%
Total Long-Term Liabilities $541.0M $2.613B
YoY Change -79.46% 2.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.776B $1.500B
Total Long-Term Liabilities $541.0M $2.613B
Total Liabilities $2.317B $6.041B
YoY Change -61.89% -10.0%
SHAREHOLDERS EQUITY
Retained Earnings $4.583B
YoY Change
Common Stock $11.53B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $583.1M
YoY Change
Treasury Stock Shares 14.70M shares
Shareholders Equity $15.48B $14.99B
YoY Change
Total Liabilities & Shareholders Equity $21.62B $21.03B
YoY Change 2.21% -2.16%

Cashflow Statement

Concept 2010 Q2 2009 Q1
OPERATING ACTIVITIES
Net Income $232.3M $148.9M
YoY Change 12.28% -35.26%
Depreciation, Depletion And Amortization $193.6M $190.3M
YoY Change 310.17% -4.28%
Cash From Operating Activities $343.1M $358.7M
YoY Change -8.58% 47.61%
INVESTING ACTIVITIES
Capital Expenditures $49.10M $51.20M
YoY Change -254.4% -194.64%
Acquisitions $229.1M $18.30M
YoY Change
Other Investing Activities -$800.0K $1.900M
YoY Change -99.34% -176.0%
Cash From Investing Activities -$277.9M -$65.70M
YoY Change 81.75% 16.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$26.80M $5.200M
YoY Change -107.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$178.1M $9.800M
YoY Change -56.22% -114.48%
NET CHANGE
Cash From Operating Activities $343.1M $358.7M
Cash From Investing Activities -$277.9M -$65.70M
Cash From Financing Activities -$178.1M $9.800M
Net Change In Cash -$112.9M $302.8M
YoY Change -38.77% 155.1%
FREE CASH FLOW
Cash From Operating Activities $343.1M $358.7M
Capital Expenditures $49.10M $51.20M
Free Cash Flow $294.0M $307.5M
YoY Change -27.78% 3.5%

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CashAndCashEquivalentsPeriodIncreaseDecrease
-132400000 USD
CY2009Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
600000 USD
CY2009Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5200000 USD
CY2009Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
600000 USD
CY2009Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9800000 USD
CY2009Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-22200000 USD
CY2009Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
280600000 USD
CY2010Q2 tmo Liabilities Assumed Of Acquired Businesses
LiabilitiesAssumedOfAcquiredBusinesses
85900000 USD
CY2010Q2 us-gaap Stock Issued
StockIssued
14900000 USD
CY2009Q1 tmo Fair Value Of Assets Of Acquired Businesses
FairValueOfAssetsOfAcquiredBusinesses
10400000 USD
CY2009Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
7700000 USD
CY2009Q1 tmo Liabilities Assumed Of Acquired Businesses
LiabilitiesAssumedOfAcquiredBusinesses
2700000 USD
CY2009Q1 us-gaap Stock Issued
StockIssued
6600000 USD
CY2010Q2 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-2500000 USD
CY2009Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
3400000 USD
CY2010Q2 dei Entity Registrant Name
EntityRegistrantName
Thermo Fisher Scientific Inc.
CY2010Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000097745
CY2010Q2 dei Document Type
DocumentType
10-Q
CY2010Q2 dei Document Period End Date
DocumentPeriodEndDate
2010-04-03
CY2010Q2 dei Amendment Flag
AmendmentFlag
false
CY2010Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2010Q2 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2010Q2 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2010Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2010Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2009Q2 dei Entity Public Float
EntityPublicFloat
17076299000 USD
CY2010Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
410405951 shares
CY2010Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2010
CY2010Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1

Files In Submission

Name View Source Status
0000097745-10-000014-index-headers.html Edgar Link pending
0000097745-10-000014-index.html Edgar Link pending
0000097745-10-000014.txt Edgar Link pending
0000097745-10-000014-xbrl.zip Edgar Link pending
defnref.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.xml Edgar Link unprocessable
R10.xml Edgar Link unprocessable
R11.xml Edgar Link unprocessable
R12.xml Edgar Link unprocessable
R13.xml Edgar Link unprocessable
R14.xml Edgar Link unprocessable
R15.xml Edgar Link unprocessable
R16.xml Edgar Link unprocessable
R17.xml Edgar Link unprocessable
R18.xml Edgar Link unprocessable
R19.xml Edgar Link unprocessable
R2.xml Edgar Link unprocessable
R20.xml Edgar Link unprocessable
R3.xml Edgar Link unprocessable
R4.xml Edgar Link unprocessable
R5.xml Edgar Link unprocessable
R6.xml Edgar Link unprocessable
R7.xml Edgar Link unprocessable
R8.xml Edgar Link unprocessable
R9.xml Edgar Link unprocessable
tmo-20100403.xml Edgar Link completed
tmo-20100403.xsd Edgar Link pending
tmo-20100403_cal.xml Edgar Link unprocessable
tmo-20100403_lab.xml Edgar Link unprocessable
tmo-20100403_pre.xml Edgar Link unprocessable
tmoq110.htm Edgar Link pending
tmoq110.pdf Edgar Link pending
tmoq110ex10_1.htm Edgar Link pending
tmoq110ex31_1.htm Edgar Link pending
tmoq110ex31_2.htm Edgar Link pending
tmoq110ex32_1.htm Edgar Link pending
tmoq110ex32_2.htm Edgar Link pending