THERMO FISHER SCIENTIFIC INC. TMO Cash Flow

Thermo fisher scientific inc. (TMO)

CashFlow / TTM

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
3,669	3,696	3,592	3,541	3,174	2,938	2,568	2,393	2,253	2,225	2,326	2,266	2,170	2,022	1,994	1,997	1,992	1,975	1,974	1,969	1,736	1,894	1,635	1,481	1,480	1,273	1,307	1,280	1,236	1,177	1,090	1,065	1,355	1,329	1,338	1,341	1,055	1,035	1,011	964	933	850	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-4	-5	-5	-5	0	0	0	-	-	-	-	-5	-4	-8	-15	-19	-18	-15	-7	1	28	38	47	47	0	0	0	-	-	-	-
Loss on disposal of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-14	-65	-61	-56	-51	305	304	305	305	-0	2	0	0	0	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	2,025	1,998	2,002	1,997	1,980	0	0	0	-	-	-	-	1,279	1,321	1,303	1,318	1,258	1,165	1,132	1,057	1,023	1,004	997	1,008	986	942	904	882	807	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment
580	564	549	540	528	526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of acquisition-related intangible assets
1,713	1,710	1,709	1,706	1,718	1,740	1,447	1,533	1,569	1,590	1,932	1,848	1,806	1,758	1,708	1,703	1,687	1,688	1,692	1,720	1,735	1,684	1,505	1,300	1,114	999	1,005	999	992	983	974	958	917	859	792	746	730	739	740	753	762	759	0	0	0
Change in deferred income taxes
237	302	418	672	364	379	931	898	1,092	1,098	589	614	658	620	753	611	511	525	323	379	517	621	852	868	663	472	262	251	274	301	184	159	123	123	254	213	354	266	619	492	254	242	0	0	0
Gain on sales of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	895	894	761	758	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
183	181	182	186	182	181	180	179	169	159	147	136	132	133	135	132	130	125	122	120	120	117	110	103	95	90	87	84	81	78	77	75	75	80	80	82	84	81	72	71	70	66	0	0	0
Tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	70	73	81	48	49	45	31	22	13	9	18	16	21	20	14	12	8	9	6	2	0	0	0
Non-cash interest expense on convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	16	20	22	0	0	0
Non-cash charges for sale of inventories revalued at the date of acquisition
-	-	-	-	-	-	-	-	-	-	0	0	99	-	45	28	12	7	1	1	156	303	303	302	159	23	36	38	38	52	69	90	93	69	0	0	0	-	-	-	-	-	-	-	-
Other non-cash expenses, net
-130	-84	-149	-88	-94	-103	-196	-203	-185	-186	-160	-156	-155	-142	-70	-68	-59	-61	-49	-35	-37	-38	-33	-36	-40	-22	-41	-47	-40	-53	-42	-44	-51	-49	-74	-121	-99	-72	-143	-67	-57	-63	0	0	0
Changes in assets and liabilities, excluding the effects of acquisitions and disposition:
Accounts receivable
414	225	623	264	324	366	265	332	415	362	400	384	340	352	115	42	54	149	174	193	77	145	109	162	209	147	127	115	60	-12	41	45	95	101	16	39	238	70	-46	-70	-261	-128	0	0	0
Inventories
459	458	440	402	340	324	206	130	100	81	132	22	-49	-98	-56	44	115	141	176	178	159	109	51	28	36	72	57	54	50	59	98	69	42	28	24	35	121	24	-98	-75	-128	-106	0	0	0
Other assets
-	-	-	-	-	-54	105	271	260	153	293	245	248	153	132	324	255	254	256	110	-121	-163	-443	-534	-200	-168	88	146	93	100	151	189	180	136	106	77	90	78	34	-10	-36	14	0	0	0
Accounts payable
154	266	316	19	166	201	229	205	66	274	-10	65	135	56	90	15	-3	-3	-22	19	45	1	-5	17	-5	47	-12	-4	-14	10	76	24	32	33	-19	5	-5	-0	-28	-27	-52	-44	0	0	0
Other liabilities
-	-	-	-	-	-42	793	818	848	1,016	386	199	248	216	289	410	260	200	-189	-235	-310	352	402	389	519	163	90	115	57	127	150	75	6	-7	-59	14	-15	35	108	26	81	-15	0	0	0
Contributions to retirement plans
50	50	55	84	101	93	94	62	51	200	193	197	193	43	45	43	42	38	38	45	48	49	49	41	37	38	32	34	34	23	24	24	25	25	26	28	27	24	18	41	40	41	0	0	0
Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by continuing operations
-	-	-	-	-	-	-	-	-	4,006	3,345	3,220	3,285	3,260	3,409	3,352	3,205	2,951	2,660	2,590	2,713	2,733	2,399	2,229	1,818	2,015	1,952	1,937	1,969	2,067	2,040	1,904	1,748	1,676	1,460	1,521	1,440	1,450	1,502	1,471	1,574	1,597	0	0	0
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-1	-1	-1	-1	-2	-4	-6	-8	-9	-8	-6	-5	-4	-5	-5	-5	-4	-10	-20	-23	-28	-24	-7	-4	14	32	42	52	47	95	80	69	61	0	0	0
Net cash provided by operating activities
4,680	4,973	4,861	4,964	5,114	4,543	4,608	4,317	3,722	4,005	3,344	3,219	3,284	3,258	3,405	3,345	3,196	2,942	2,651	2,583	2,707	2,728	2,394	2,223	1,813	2,010	1,942	1,916	1,945	2,039	2,016	1,897	1,744	1,691	1,492	1,564	1,493	1,497	1,598	1,552	1,643	1,659	0	0	0
Investing Activities
Acquisitions, net of cash acquired
1,846	1,843	2,164	2,163	480	536	125	6,978	6,982	7,226	7,195	4,452	4,446	5,178	5,532	1,429	1,428	695	289	283	281	13,039	13,062	13,061	13,063	11	16	909	1,086	1,083	1,071	3,777	5,667	5,690	5,751	2,409	400	606	1,027	779	848	637	0	0	0
Proceeds from sale of business, net of cash divested
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,521	1,520	1,048	1,056	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0
Purchase of property, plant and equipment
978	926	921	878	841	758	689	628	533	508	426	395	421	444	440	460	440	423	450	439	420	427	365	331	321	282	292	312	311	315	291	278	266	260	256	257	260	245	240	219	195	197	0	0	0
Proceeds from sale of property, plant and equipment
34	36	62	59	54	50	9	8	8	7	6	6	21	26	33	33	23	18	37	42	46	49	24	29	21	20	17	8	11	12	13	12	11	8	12	11	10	10	7	8	10	13	0	0	0
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	88	91	72	40	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-96	-118	-26	-17	-12	9	10	18	19	2	-87	-87	-88	-76	29	22	7	5	-16	-16	2	3	14	5	1	1	-5	2	0	0	2	2	6	6	16	12	11	10	-9	3	0	3	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,837	-	-729	-205	-136	-11,810	0	0	0	-	-	-	-	-	-	-	-5,867	-5,888	-5,990	-2,646	-653	-842	0	0	0	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	748	745	768	811	-16	-16	0	0	0	-	-	-	-
Net cash used in investing activities
-1,566	-1,487	-1,869	-1,839	-1,255	-1,253	-815	-7,616	-7,526	-7,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,371	-1,370	-1,372	-4,081	-5,119	-5,142	-5,221	-1,834	-669	-858	-1,259	-1,001	-1,041	-829	0	0	0
Financing Activities
Net proceeds from issuance of debt
0	-	-	-	0	-	-	-	-	6,459	6,457	6,137	7,124	7,604	8,861	3,783	2,796	1,798	2,135	1,592	1,592	6,592	8,167	8,167	8,167	3,167	0	0	0	-	-	-	-	4,254	4,254	2,174	2,917	741	0	0	0	-	-	-	-
Repayment of debt
6,360	6,360	1,706	702	1,600	2,052	2,795	3,323	3,049	3,299	4,578	4,025	5,035	4,334	3,615	3,872	2,938	3,789	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of commercial paper
3,063	2,781	4,263	4,194	3,854	5,060	5,728	6,654	7,325	8,380	9,584	10,159	9,183	9,182	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of commercial paper
2,998	3,464	3,990	4,454	4,917	5,254	6,547	7,178	7,843	8,514	9,227	9,695	8,887	8,278	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	452	452	452	429	600	0	0	0	-	-	-	-
Repayment of long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	1	1	3	3	503	505	813	813	310	311	0	0	0
Increase (decrease) in commercial paper, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263	566	760	-249	412	505	408	199	0	-349	-499	-849	-949	399	549	899	0	0	0	-	-	-	-	-	-	-	-
Decrease in short-term notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	-29	-5	-12	8	7	20	24	14	15	14	9	10	1	-10	-7	-16	-21	-22	-21	0	0	0
Purchases of company common stock
2,250	1,500	1,000	1,250	1,250	500	250	0	250	750	1,000	1,000	750	1,250	1,000	1,000	1,000	500	500	500	500	0	0	0	0	89	439	839	939	1,150	1,150	975	1,100	1,337	1,337	1,587	1,550	1,012	0	0	0	-	-	-	-
Dividends paid
305	297	289	281	274	266	258	248	238	237	235	236	236	238	239	239	240	241	240	240	240	234	229	223	217	216	208	202	196	142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of company common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,942	2,942	2,942	2,942	0	-131	-63	-55	0	135	80	168	158	178	169	95	77	89	91	76	54	0	0	0
Net proceeds from issuance of company common stock under employee stock plans
120	153	154	180	178	136	117	107	109	128	119	107	113	87	50	68	43	72	75	84	84	111	158	166	216	230	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	70	73	81	48	49	45	31	22	13	9	18	16	21	20	14	12	8	9	6	2	0	0	0
Other financing activities, net
-167	-69	-49	-1	-1	-51	-53	-53	-53	-3	-1	-0	-13	-14	-13	-13	-0	-6	-6	-9	-14	-8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-1,074	-3,118	-2,617	-1,624	-3,320	-2,237	-3,368	3,589	3,631	3,854	2,807	1,446	1,497	2,759	4,079	-1,458	-1,374	-2,617	-1,767	-2,063	-3,048	4,686	8,030	9,128	10,972	3,310	-620	-46	-360	-917	-756	1,555	1,314	3,550	3,675	322	534	-1,295	-1,125	-652	-745	-557	0	0	0
Exchange Rate Effect on Cash
-158	-63	-181	-143	-386	-297	-72	37	411	420	144	34	-123	-152	-64	-127	-28	-130	-214	-160	-183	-116	-9	74	16	-37	-10	-40	-43	38	21	4	60	-0	14	-3	-0	9	-28	-8	14	11	0	0	0
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash
1,882	305	194	1,358	153	756	353	327	238	550	-1,241	-60	-104	345	1,476	-99	-43	-898	-60	154	-661	-4,511	-1,311	-777	538	5,020	1,047	630	170	-210	-92	-623	-2,000	99	-39	48	1,357	-647	-815	-110	-129	283	0	0	0
Supplemental Cash Flow Information
Fair value of assets of acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Cash paid for acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Fair value of liabilities assumed of acquired businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Issuance of stock upon vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0