THERMO FISHER SCIENTIFIC INC. TMO Cash Flow

Thermo fisher scientific inc. (TMO)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income
788,000	1,002,000	760,000	1,119,000	815,000	898,000	709,000	752,000	579,000	528,000	534,000	612,000	551,000	629,700	473,500	516,600	402,200	602,200	476,100	511,600	385,100	601,200	471,600	278,500	543,100	342,100	317,600	277,400	336,200	376,400	290,400	233,800	277,300	288,900	265,400	523,400	252,200	297,500	268,500	237,300	232,300	273,300	221,200	206,900	148,900
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-2,700	0	-200	-100	-3,800	-1,200	0	0	-	-	-	-	-5,100	-100	-200	-400	-3,800	-4,100	-7,500	-3,800	-3,000	-1,000	200	5,500	23,500	9,700	8,600	5,200	-	-	-	-
Loss on disposal of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-4,200	-5,600	-4,900	-51,100	300	-600	100	305,800	-500	0	0	0	2,500	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	632,400	473,500	516,800	402,300	606,000	477,300	511,600	385,100	-	-	-	-	343,000	317,700	277,600	340,800	385,800	299,400	292,400	280,800	292,500	266,300	217,400	247,200	274,000	258,800	228,700	224,600	230,100	221,200	206,900	148,900
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment
149,000	148,000	141,000	142,000	133,000	133,000	132,000	130,000	131,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of acquisition-related intangible assets
425,000	425,000	434,000	429,000	422,000	424,000	431,000	441,000	444,000	131,000	517,000	477,000	465,000	473,800	433,000	435,100	416,100	424,300	427,700	419,700	416,300	428,700	455,700	434,800	365,600	249,300	250,400	249,200	251,000	254,400	245,200	241,600	242,500	245,600	228,800	200,900	184,300	178,400	182,400	185,300	193,600	179,200	195,500	194,300	190,300
Change in deferred income taxes
41,000	-54,000	-36,000	286,000	106,000	62,000	218,000	-22,000	121,000	614,000	185,000	172,000	127,000	105,200	210,300	215,700	88,800	239,100	67,900	115,600	102,400	38,000	123,400	253,400	207,000	268,300	139,500	49,000	16,000	58,300	128,100	72,000	43,200	-59,200	103,700	35,600	43,000	72,100	62,400	176,600	-44,600	425,300	-65,000	-60,900	-56,700
Gain on sales of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	132,600	3,300	758,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
46,000	43,000	42,000	52,000	44,000	44,000	46,000	48,000	43,000	43,000	45,000	38,000	33,000	31,000	34,900	33,700	33,400	33,200	32,500	31,100	28,200	30,500	30,600	30,800	25,200	24,300	22,900	23,300	20,400	20,400	20,300	20,300	17,200	19,400	18,700	20,300	21,600	19,900	20,900	22,000	18,800	10,300	20,600	20,600	15,200
Tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,600	9,800	39,200	-	5,500	7,200	48,400	9,000	9,200	14,400	16,200	9,900	4,600	500	7,700	300	1,200	9,000	6,400	4,900	100	3,000	4,800	900	400	700	600
Non-cash interest expense on convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,900	3,400	5,400	5,800	5,700	5,600
Non-cash charges for sale of inventories revalued at the date of acquisition
-	-	-	-	-	-	-	-	-	-	16,000	0	31,000	-	16,300	16,200	6,200	6,300	0	200	500	300	800	154,700	147,600	0	0	12,000	11,900	12,300	2,200	11,900	26,000	29,000	23,900	14,600	2,000	-	-	-	-	-	-	-	-
Other non-cash expenses, net
-64,000	39,000	-75,000	-30,000	-18,000	-26,000	-14,000	-36,000	-27,000	-119,000	-21,000	-18,000	-28,000	-93,000	-17,300	-17,500	-14,200	-21,500	-15,400	-8,300	-15,800	-10,200	-700	-10,600	-16,500	-5,700	-3,600	-14,600	1,200	-24,700	-9,200	-8,200	-11,700	-12,900	-11,900	-14,700	-10,000	-37,500	-59,700	7,600	16,800	-108,100	16,400	17,000	11,100
Changes in assets and liabilities, excluding the effects of acquisitions and disposition:
Accounts receivable
218,000	-96,000	326,000	-34,000	29,000	302,000	-33,000	26,000	71,000	201,000	34,000	109,000	18,000	239,600	17,400	65,100	29,900	3,100	-55,800	77,000	124,700	28,100	-36,400	-38,900	192,600	-7,400	16,300	8,200	130,800	-28,200	4,500	-46,700	58,400	25,200	8,100	3,900	64,000	-59,100	30,400	203,200	-103,700	-176,100	5,900	12,400	29,000
Inventories
141,000	9,000	176,000	133,000	140,000	-9,000	138,000	71,000	124,000	-127,000	62,000	41,000	105,000	-75,700	-48,200	-30,300	56,200	-34,300	53,200	40,800	81,300	700	55,300	21,700	32,100	-57,500	32,100	29,700	67,900	-72,700	29,300	26,300	77,000	-33,700	-100	-700	63,100	-37,900	11,100	85,500	-34,600	-160,600	34,000	32,300	-11,800
Other assets
-	-	-	-	-	-239,000	-111,000	55,000	241,000	-80,000	55,000	44,000	134,000	60,700	6,900	46,700	38,700	40,300	198,800	-22,700	37,600	42,700	53,100	-254,700	-4,200	-237,700	-38,100	79,900	27,200	19,100	20,000	26,900	34,300	70,600	57,500	17,700	-9,000	40,600	28,000	31,300	-21,900	-3,000	-17,300	5,700	28,900
Accounts payable
-241,000	196,000	272,000	-73,000	-129,000	246,000	-25,000	74,000	-94,000	274,000	-49,000	-65,000	114,000	-10,100	26,200	5,100	34,800	23,900	-48,600	-13,100	34,800	4,500	-6,700	13,200	-9,800	-2,100	15,800	-9,200	42,500	-61,200	23,300	-19,400	67,300	4,800	-28,400	-10,900	68,300	-48,000	-4,100	-22,100	73,700	-76,100	-3,100	-46,900	81,500
Other liabilities
-	-	-	-	-	157,000	160,000	112,000	-471,000	992,000	185,000	142,000	-303,000	362,600	-2,500	190,900	-335,000	436,300	118,500	40,600	-395,400	47,300	71,700	-34,100	267,200	97,200	58,700	96,000	-88,600	24,300	83,500	37,900	-18,500	47,400	9,100	-31,800	-32,000	-5,000	83,600	-62,200	19,200	67,500	2,400	-8,100	-76,900
Contributions to retirement plans
32,000	10,000	6,000	2,000	32,000	15,000	35,000	19,000	24,000	16,000	3,000	8,000	173,000	9,900	6,800	4,100	22,200	12,300	4,500	3,200	18,000	12,300	11,600	6,900	18,800	12,600	3,000	3,000	19,600	7,000	4,700	3,100	8,500	8,500	4,000	4,800	8,000	9,500	6,200	3,800	4,900	3,800	29,200	2,500	5,600
Other
443,000	-	-	-	347,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by continuing operations
-	-	-	-	-	-	-	-	-	1,865,000	930,000	849,000	362,000	1,204,300	805,500	914,000	336,200	1,354,200	747,600	767,100	82,100	1,063,800	677,600	889,600	102,200	730,100	507,100	479,300	299,100	667,300	491,900	510,800	397,900	639,900	355,900	354,900	325,900	423,500	417,600	273,400	335,600	475,900	386,800	375,800	358,900
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	1,000	-1,000	0	-1,000	1,000	-1,100	-400	-1,500	-1,000	-3,700	-2,200	-2,100	-800	-1,600	-900	-1,000	-1,600	-1,600	-900	-800	-7,200	-12,000	-3,300	-5,900	-2,900	4,800	-200	12,700	14,700	15,200	10,300	7,500	62,700	-200	-500	-200
Net cash provided by operating activities
356,000	1,913,000	1,117,000	1,294,000	649,000	1,801,000	1,220,000	1,444,000	78,000	1,866,000	929,000	849,000	361,000	1,205,300	804,400	913,600	334,700	1,353,200	743,900	764,900	80,000	1,063,000	676,000	888,700	101,200	728,500	505,500	478,400	298,300	660,100	479,900	507,500	392,000	637,000	360,700	354,700	338,600	438,200	432,800	283,700	343,100	538,600	386,600	375,300	358,700
Investing Activities
Acquisitions, net of cash acquired
4,000	156,000	1,000	1,685,000	1,000	477,000	0	2,000	57,000	66,000	6,853,000	6,000	301,000	35,000	4,110,000	600	1,032,400	389,000	7,400	0	298,600	-16,800	1,600	-1,800	13,056,300	5,900	800	900	3,800	11,000	893,700	178,200	500	-800	3,599,800	2,067,600	23,700	60,800	257,600	58,700	229,100	481,800	9,500	127,700	18,300
Proceeds from sale of business, net of cash divested
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	471,300	-7,900	1,056,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,700	0	400	2,300
Purchase of property, plant and equipment
253,000	289,000	216,000	220,000	201,000	284,000	173,000	183,000	118,000	215,000	112,000	88,000	93,000	133,100	81,000	114,800	115,100	129,500	101,000	95,300	97,200	156,700	90,700	75,500	104,700	94,500	56,300	65,600	66,000	104,400	76,000	65,500	69,200	80,700	62,800	53,700	63,700	76,700	63,300	56,300	49,100	71,700	42,800	31,800	51,200
Proceeds from sale of property, plant and equipment
4,000	18,000	6,000	6,000	6,000	44,000	3,000	1,000	2,000	3,000	2,000	1,000	1,000	2,900	1,400	15,700	6,000	10,500	1,300	5,600	600	29,600	7,000	9,300	3,400	4,800	12,300	600	3,000	1,200	3,900	3,700	4,000	2,000	3,000	2,300	900	6,000	1,800	1,400	1,000	3,700	2,000	4,200	3,400
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	4,000	3,900	-	-	-	-	4,200	19,400	32,000	33,000	7,100	0	500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,300	-37,800	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
7,000	-88,000	-11,000	-4,000	-15,000	4,000	-2,000	1,000	6,000	5,000	6,000	2,000	-11,000	-84,800	6,800	700	1,300	21,000	-400	-14,700	-900	-700	300	3,700	0	10,200	-8,600	-200	400	2,500	-700	-1,900	900	3,800	-700	2,500	400	14,200	-4,300	1,000	-800	-5,200	8,100	-1,600	1,900
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96,400	-1,138,900	-	-106,700	-75,000	-394,300	-153,800	417,400	-6,200	-12,067,900	-	-	-	-	-	-	-	-66,600	-34,600	-3,658,900	-2,107,700	-86,900	-136,700	-314,800	-114,600	-276,400	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	-38,200	-44,600	830,700	-2,000	-15,600	-1,300	2,000	-1,500	-	-	-	-
Net cash used in investing activities
-260,000	-339,000	-198,000	-769,000	-181,000	-721,000	-168,000	-185,000	-179,000	-283,000	-6,969,000	-95,000	-382,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-67,200	-70,800	-995,400	-238,500	-66,200	-72,800	-3,703,500	-1,277,000	-88,900	-152,300	-316,100	-112,600	-277,900	-552,700	-58,200	-152,900	-65,700
Financing Activities
Net proceeds from issuance of debt
2,185,000	-	-	-	0	-	-	-	-	0	5,940,000	0	519,000	-1,800	5,620,200	986,800	998,800	1,255,200	542,800	0	0	1,592,700	0	-200	4,999,800	3,167,800	0	0	0	-	-	-	-	-300	2,080,000	-2,000	2,176,400	100	-300	741,600	0	-	-	-	-
Repayment of debt
1,000	4,658,000	1,699,000	2,000	1,000	4,000	695,000	900,000	453,000	747,000	1,223,000	626,000	703,000	2,026,900	669,100	1,636,700	1,300	1,308,000	926,300	703,300	851,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of commercial paper
382,000	200,000	686,000	1,795,000	100,000	1,682,000	617,000	1,455,000	1,306,000	2,350,000	1,543,000	2,126,000	2,361,000	3,554,000	2,118,500	1,149,800	2,359,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of commercial paper
321,000	886,000	723,000	1,068,000	787,000	1,412,000	1,187,000	1,531,000	1,124,000	2,705,000	1,818,000	2,196,000	1,795,000	3,418,800	2,285,800	1,387,600	1,185,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	416,800	35,200	0	0	393,900	206,900	-	-	-	-
Repayment of long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,851,400	600,900	-	200	200	500	-	-	-	400	500	400	200	300	2,500	700	499,700	2,500	311,000	400	-3,300	3,400
Increase (decrease) in commercial paper, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-396,000	-97,400	1,218,900	-462,100	-93,400	97,500	208,100	199,900	0	0	0	0	-349,800	-149,900	-349,600	-100,000	999,300	0	0	-	-	-	-	-	-	-	-
Decrease in short-term notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,600	-23,700	5,100	-11,300	900	-100	-1,500	9,600	-800	13,000	2,200	-100	100	12,000	-2,800	800	-8,600	200	-300	-7,700	-13,800	-200	600
Purchases of company common stock
1,500,000	750,000	0	0	750,000	250,000	250,000	0	0	0	0	250,000	500,000	250,000	0	0	1,000,000	0	0	0	500,000	0	0	0	0	0	0	0	89,800	350,000	400,000	100,000	300,000	350,000	225,000	225,000	537,500	350,000	475,000	187,500	0	-	-	-	-
Dividends paid
76,000	76,000	77,000	76,000	68,000	68,000	69,000	69,000	60,000	60,000	59,000	59,000	59,000	58,800	59,800	59,100	60,300	60,300	60,200	59,700	60,800	60,000	60,100	59,800	54,900	54,200	54,100	53,900	54,000	46,900	47,600	47,700	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of company common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,942,000	0	0	0	0	-131,300	67,500	8,700	55,100	4,400	11,900	97,300	44,500	24,700	3,200	22,600	26,800	36,900	5,600	6,700	5,200
Net proceeds from issuance of company common stock under employee stock plans
48,000	38,000	-7,000	41,000	81,000	39,000	19,000	39,000	39,000	20,000	9,000	41,000	58,000	11,900	-3,300	46,700	31,700	-24,600	14,900	21,700	60,000	-21,000	24,100	21,100	87,500	25,500	32,600	70,500	101,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,600	9,800	39,200	-	5,500	7,200	48,400	9,000	9,200	14,400	16,200	9,900	4,600	500	7,700	300	1,200	9,000	6,400	4,900	100	3,000	4,800	900	400	700	600
Other financing activities, net
-98,000	-20,000	-49,000	0	0	0	-1,000	0	-50,000	-2,000	-1,000	0	0	-400	0	-13,200	-400	-100	400	0	-6,300	-1,000	-2,600	-4,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
619,000	-514,000	-1,869,000	690,000	-1,425,000	-13,000	-876,000	-1,006,000	-342,000	-1,144,000	6,081,000	-964,000	-119,000	-2,190,800	4,720,700	-913,300	1,142,400	-869,900	-817,800	-828,900	-100,400	-20,000	-1,114,100	-1,814,200	7,635,100	3,323,500	-15,600	29,900	-27,800	-607,400	558,700	-284,000	-585,000	-446,400	2,871,200	-525,700	1,651,500	-322,000	-481,300	-313,700	-178,100	-152,400	-8,100	-406,800	9,800
Exchange Rate Effect on Cash
-127,000	57,000	-59,000	-29,000	-32,000	-61,000	-21,000	-272,000	57,000	164,000	88,000	102,000	66,000	-111,300	-22,100	-55,600	37,000	-24,200	-84,400	42,800	-64,200	-109,100	-29,900	19,400	2,800	-1,600	53,400	-38,400	-50,400	25,400	22,800	-41,000	31,200	8,200	5,800	15,400	-29,600	23,000	-12,600	18,300	-19,500	-15,100	8,000	40,700	-22,200
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash
588,000	1,117,000	-1,009,000	1,186,000	-989,000	1,006,000	155,000	-19,000	-386,000	603,000	129,000	-108,000	-74,000	-1,188,900	1,310,400	-151,700	375,200	-57,900	-265,000	-96,200	-478,900	780,100	-50,600	-912,300	-4,328,800	3,980,400	482,900	404,200	152,900	7,300	66,000	-56,000	-228,000	126,000	-465,800	-1,432,600	1,871,600	-13,100	-377,200	-124,300	-132,400	-181,600	328,300	-143,700	280,600
Supplemental Cash Flow Information
Fair value of assets of acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320,500	75,600	330,500	-	8,300	161,000	10,400
Cash paid for acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	278,800	60,800	244,600	-	10,000	129,500	7,700
Fair value of liabilities assumed of acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,700	14,800	85,900	-	-1,700	31,500	2,700
Issuance of stock upon vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	600	14,900	-	0	400	6,600