2012 Q1 Form 10-Q Financial Statement

#000009774513000024 Filed on May 03, 2013

View on sec.gov

Income Statement

Concept 2012 Q1
Revenue $3.057B
YoY Change
Cost Of Revenue $265.1M
YoY Change
Gross Profit $1.290B
YoY Change
Gross Profit Margin 42.19%
Selling, General & Admin $824.3M
YoY Change
% of Gross Profit 63.91%
Research & Development $91.70M
YoY Change
% of Gross Profit 7.11%
Depreciation & Amortization $242.5M
YoY Change
% of Gross Profit 18.8%
Operating Expenses $916.0M
YoY Change
Operating Profit $361.5M
YoY Change
Interest Expense $57.70M
YoY Change
% of Operating Profit 15.96%
Other Income/Expense, Net $900.0K
YoY Change
Pretax Income $311.1M
YoY Change
Income Tax $30.30M
% Of Pretax Income 9.74%
Net Earnings $277.3M
YoY Change
Net Earnings / Revenue 9.07%
Basic Earnings Per Share $0.76
Diluted Earnings Per Share $0.75
COMMON SHARES
Basic Shares Outstanding 367.3M shares
Diluted Shares Outstanding 370.1M shares

Balance Sheet

Concept 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $793.0M
YoY Change
Cash & Equivalents $788.3M
Short-Term Investments $4.000M
Other Short-Term Assets $499.7M
YoY Change
Inventory $1.422B
Prepaid Expenses
Receivables $1.895B
Other Receivables $0.00
Total Short-Term Assets $4.770B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.665B
YoY Change
Goodwill $12.08B
YoY Change
Intangibles $7.739B
YoY Change
Long-Term Investments
YoY Change
Other Assets $564.3M
YoY Change
Total Long-Term Assets $22.05B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $4.770B
Total Long-Term Assets $22.05B
Total Assets $26.82B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $691.4M
YoY Change
Accrued Expenses $1.002B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $924.0M
YoY Change
Total Short-Term Liabilities $2.845B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $5.751B
YoY Change
Other Long-Term Liabilities $718.6M
YoY Change
Total Long-Term Liabilities $718.6M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.845B
Total Long-Term Liabilities $718.6M
Total Liabilities $3.564B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $6.946B
YoY Change
Common Stock $10.64B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.146B
YoY Change
Treasury Stock Shares 41.19M shares
Shareholders Equity $15.29B
YoY Change
Total Liabilities & Shareholders Equity $26.82B
YoY Change

Cashflow Statement

Concept 2012 Q1
OPERATING ACTIVITIES
Net Income $277.3M
YoY Change
Depreciation, Depletion And Amortization $242.5M
YoY Change
Cash From Operating Activities $392.0M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $69.20M
YoY Change
Acquisitions $500.0K
YoY Change
Other Investing Activities $900.0K
YoY Change
Cash From Investing Activities -$66.20M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $244.9M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -585.0M
YoY Change
NET CHANGE
Cash From Operating Activities $392.0M
Cash From Investing Activities -$66.20M
Cash From Financing Activities -585.0M
Net Change In Cash $325.8M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $392.0M
Capital Expenditures $69.20M
Free Cash Flow $322.8M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PropertyPlantAndEquipmentGross
2852000000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1125600000 USD
CY2012Q4 tmo Intangible Assets Gross
IntangibleAssetsGross
11743700000 USD
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
900000 USD
CY2013Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
11000000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10305900000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4085600000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6220300000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3939200000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6463900000 USD
CY2013Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1340600000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10403100000 USD
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1340600000 USD
CY2013Q1 tmo Intangible Assets Gross
IntangibleAssetsGross
11646500000 USD
CY2013Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">Use of Estimates</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Times New Roman;font-size:11pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In addition, significant estimates were made in estimating future cash flows to </font><font style="font-family:Times New Roman;font-size:11pt;">assess potential</font><font style="font-family:Times New Roman;font-size:11pt;"> impairment of assets, and in determining the ultimate loss from </font><font style="font-family:Times New Roman;font-size:11pt;">selling discontinued operations and </font><font style="font-family:Times New Roman;font-size:11pt;">abandoning leases at facilities being exited (Note </font><font style="font-family:Times New Roman;font-size:11pt;">13</font><font style="font-family:Times New Roman;font-size:11pt;">). Actual results could differ from those estimates</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p>
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-.01
CY2013Q1 us-gaap Interest Expense
InterestExpense
64400000 USD
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13000000 USD
CY2012Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
6400000 USD
CY2013Q1 tmo Purchase Price Paid For Acquisitions Completed In Prior Year
PurchasePricePaidForAcquisitionsCompletedInPriorYear
4000000 USD
CY2012Q1 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
295400000 USD
CY2012Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3107400000 USD
CY2012Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
291900000 USD
CY2012Q1 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
0.80
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.79
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.79
CY2012Q1 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
0.80
CY2013Q1 us-gaap Depreciation
Depreciation
59000000 USD
CY2012Q1 us-gaap Depreciation
Depreciation
58600000 USD
CY2013Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
1600000 USD
CY2012Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
178600000 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-.01
CY2013Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
7200000 USD
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
800000 USD
CY2012Q4 tmo Contingent Consideration Liabilities Fair Value Disclosures
ContingentConsiderationLiabilitiesFairValueDisclosures
20100000 USD
CY2013Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
9600000 USD
CY2013Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
10800000 USD
CY2012Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
10100000 USD
CY2012Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
7100000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1800000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
800000 shares
CY2012Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
20900000 USD
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3600000 shares
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-.01
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-.01
CY2012Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2800000 shares
CY2012Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
62500000 USD
CY2012Q4 tmo Auction Rate Securities Fair Value Disclosure
AuctionRateSecuritiesFairValueDisclosure
4300000 USD
CY2013Q1 tmo Restructuring And Related Costs Non Cash Costs
RestructuringAndRelatedCostsNonCashCosts
100000 USD
CY2013Q1 tmo Line Of Credit Facility Covenant Maximum Consolidated Total Leverage Ratio Of Debt To Ebitda
LineOfCreditFacilityCovenantMaximumConsolidatedTotalLeverageRatioOfDebtToEbitda
3.5 pure
CY2013Q1 tmo Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-173600000 USD
CY2013Q1 tmo Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5300000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
331200000 USD
CY2013Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
9900000 USD
CY2013Q1 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
65200000 USD
CY2013Q1 tmo Auction Rate Securities Fair Value Disclosure
AuctionRateSecuritiesFairValueDisclosure
4200000 USD
CY2013Q1 us-gaap Derivative Assets
DerivativeAssets
2100000 USD
CY2013Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
700000 USD
CY2013Q1 tmo Contingent Consideration Liabilities Fair Value Disclosures
ContingentConsiderationLiabilitiesFairValueDisclosures
20000000 USD
CY2013Q1 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
412600000 USD
CY2013Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
20700000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
73600000 USD
CY2012Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
36600000 USD
CY2013Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
873000000 USD
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
719000000 USD
CY2013Q1 tmo Cost Of Revenues Charges
CostOfRevenuesCharges
13200000 USD
CY2013Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
3800000 USD
CY2013Q1 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
3800000 USD
CY2013Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
7463600000 USD
CY2012Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
4700000 USD
CY2012Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
4700000 USD
CY2012Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
7560000000 USD
CY2013Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7118400000 USD
CY2012Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7124300000 USD
CY2013Q1 us-gaap Stock Issued1
StockIssued1
50500000 USD
CY2012Q1 us-gaap Stock Issued1
StockIssued1
26100000 USD
CY2012Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
48000000 USD
CY2013Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
54700000 USD
CY2013Q1 us-gaap Transfer Of Investments
TransferOfInvestments
27100000 USD
CY2013Q1 tmo Selling General And Administrative Charges Net
SellingGeneralAndAdministrativeChargesNet
1300000 USD
CY2013Q1 tmo Total Restructuring And Other Costs Income Net
TotalRestructuringAndOtherCostsIncomeNet
36000000 USD
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
Thermo Fisher Scientific Inc.
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000097745
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-30
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
18917793000 USD
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
358921241 shares

Files In Submission

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