Thermo Fisher Scientific Inc
NYSE:TMO
Income Statement
Earnings Waterfall
Thermo Fisher Scientific Inc
Revenue
|
42.9B
USD
|
Cost of Revenue
|
-25.8B
USD
|
Gross Profit
|
17.1B
USD
|
Operating Expenses
|
-9.8B
USD
|
Operating Income
|
7.3B
USD
|
Other Expenses
|
-1.3B
USD
|
Net Income
|
6B
USD
|
Income Statement
Thermo Fisher Scientific Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Apr-2021 | Jul-2021 | Oct-2021 | Dec-2021 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
13 091
N/A
|
13 803
+5%
|
14 885
+8%
|
15 864
+7%
|
16 890
+6%
|
16 905
+0%
|
16 854
0%
|
16 806
0%
|
16 965
+1%
|
17 342
+2%
|
17 606
+2%
|
17 974
+2%
|
18 274
+2%
|
18 744
+3%
|
19 199
+2%
|
19 824
+3%
|
20 918
+6%
|
22 006
+5%
|
23 094
+5%
|
23 898
+3%
|
24 358
+2%
|
24 630
+1%
|
24 868
+1%
|
25 220
+1%
|
25 542
+1%
|
25 647
+0%
|
26 248
+2%
|
28 497
+9%
|
32 218
+13%
|
35 894
+11%
|
38 250
+7%
|
39 059
+2%
|
39 211
+0%
|
41 123
+5%
|
42 820
+4%
|
44 167
+3%
|
44 915
+2%
|
43 807
-2%
|
43 524
-1%
|
43 421
0%
|
42 857
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 561)
|
(7 990)
|
(8 588)
|
(8 982)
|
(9 398)
|
(9 210)
|
(9 064)
|
(9 066)
|
(9 210)
|
(9 450)
|
(9 578)
|
(9 775)
|
(9 905)
|
(10 141)
|
(10 391)
|
(10 770)
|
(11 473)
|
(12 174)
|
(12 807)
|
(13 296)
|
(13 499)
|
(13 646)
|
(13 799)
|
(14 003)
|
(14 213)
|
(14 286)
|
(14 333)
|
(15 014)
|
(16 231)
|
(17 421)
|
(18 630)
|
(19 119)
|
(19 573)
|
(21 230)
|
(22 852)
|
(24 548)
|
(25 944)
|
(26 160)
|
(26 225)
|
(26 108)
|
(25 757)
|
|
Gross Profit |
5 529
N/A
|
5 813
+5%
|
6 297
+8%
|
6 883
+9%
|
7 492
+9%
|
7 696
+3%
|
7 791
+1%
|
7 740
-1%
|
7 756
+0%
|
7 891
+2%
|
8 028
+2%
|
8 199
+2%
|
8 369
+2%
|
8 605
+3%
|
8 809
+2%
|
9 055
+3%
|
9 445
+4%
|
9 832
+4%
|
10 287
+5%
|
10 602
+3%
|
10 859
+2%
|
10 984
+1%
|
11 069
+1%
|
11 217
+1%
|
11 329
+1%
|
11 361
+0%
|
11 915
+5%
|
13 483
+13%
|
15 987
+19%
|
18 473
+16%
|
19 620
+6%
|
19 940
+2%
|
19 638
-2%
|
19 893
+1%
|
19 968
+0%
|
19 619
-2%
|
18 971
-3%
|
17 647
-7%
|
17 299
-2%
|
17 313
+0%
|
17 100
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 792)
|
(4 216)
|
(4 565)
|
(5 027)
|
(5 457)
|
(5 401)
|
(5 408)
|
(5 305)
|
(5 257)
|
(5 322)
|
(5 402)
|
(5 518)
|
(5 627)
|
(5 783)
|
(5 884)
|
(6 066)
|
(6 302)
|
(6 528)
|
(6 806)
|
(6 962)
|
(6 995)
|
(7 019)
|
(7 013)
|
(7 058)
|
(7 085)
|
(7 110)
|
(7 267)
|
(7 431)
|
(8 121)
|
(8 461)
|
(8 813)
|
(9 199)
|
(9 269)
|
(9 813)
|
(10 103)
|
(10 333)
|
(10 464)
|
(10 288)
|
(10 204)
|
(10 013)
|
(9 782)
|
|
Selling, General & Administrative |
(3 398)
|
(3 770)
|
(4 031)
|
(4 414)
|
(4 765)
|
(4 693)
|
(4 710)
|
(4 611)
|
(4 566)
|
(4 621)
|
(4 692)
|
(4 795)
|
(4 872)
|
(4 988)
|
(5 050)
|
(5 198)
|
(5 414)
|
(5 621)
|
(5 879)
|
(6 013)
|
(6 028)
|
(6 038)
|
(6 028)
|
(6 066)
|
(6 082)
|
(6 110)
|
(6 249)
|
(6 364)
|
(6 940)
|
(7 205)
|
(7 478)
|
(7 809)
|
(7 816)
|
(8 316)
|
(8 584)
|
(8 814)
|
(8 934)
|
(8 776)
|
(8 708)
|
(8 545)
|
(8 420)
|
|
Research & Development |
(396)
|
(448)
|
(535)
|
(614)
|
(691)
|
(708)
|
(699)
|
(696)
|
(692)
|
(704)
|
(711)
|
(722)
|
(755)
|
(793)
|
(833)
|
(868)
|
(888)
|
(907)
|
(927)
|
(949)
|
(967)
|
(981)
|
(985)
|
(992)
|
(1 003)
|
(1 000)
|
(1 018)
|
(1 067)
|
(1 181)
|
(1 256)
|
(1 335)
|
(1 390)
|
(1 406)
|
(1 450)
|
(1 472)
|
(1 472)
|
(1 471)
|
(1 453)
|
(1 433)
|
(1 401)
|
(1 337)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 338)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(47)
|
(47)
|
(47)
|
(47)
|
(59)
|
(59)
|
(63)
|
(67)
|
2 313
|
|
Operating Income |
1 737
N/A
|
1 597
-8%
|
1 732
+8%
|
1 855
+7%
|
2 035
+10%
|
2 294
+13%
|
2 382
+4%
|
2 435
+2%
|
2 498
+3%
|
2 569
+3%
|
2 626
+2%
|
2 681
+2%
|
2 742
+2%
|
2 822
+3%
|
2 926
+4%
|
2 990
+2%
|
3 143
+5%
|
3 305
+5%
|
3 481
+5%
|
3 640
+5%
|
3 864
+6%
|
3 965
+3%
|
4 056
+2%
|
4 159
+3%
|
4 244
+2%
|
4 251
+0%
|
4 648
+9%
|
6 052
+30%
|
7 866
+30%
|
10 012
+27%
|
10 807
+8%
|
10 741
-1%
|
10 369
-3%
|
10 080
-3%
|
9 865
-2%
|
9 286
-6%
|
8 507
-8%
|
7 359
-13%
|
7 095
-4%
|
7 300
+3%
|
7 318
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(219)
|
(283)
|
(336)
|
(312)
|
(301)
|
(185)
|
(151)
|
(218)
|
(265)
|
(395)
|
(443)
|
(444)
|
(521)
|
(498)
|
(438)
|
(469)
|
(608)
|
(695)
|
(736)
|
(730)
|
(530)
|
(514)
|
(543)
|
(489)
|
(409)
|
(397)
|
(390)
|
(453)
|
(552)
|
(528)
|
(510)
|
(454)
|
(427)
|
(556)
|
(540)
|
(579)
|
(548)
|
(555)
|
(608)
|
(592)
|
(542)
|
|
Non-Reccuring Items |
(161)
|
468
|
306
|
451
|
468
|
(180)
|
(20)
|
(150)
|
(162)
|
(202)
|
(217)
|
(294)
|
(293)
|
(268)
|
(258)
|
(227)
|
(175)
|
(173)
|
(164)
|
(47)
|
(79)
|
(48)
|
420
|
351
|
167
|
329
|
(173)
|
(97)
|
(89)
|
(272)
|
(295)
|
(180)
|
(1 108)
|
(679)
|
(626)
|
(812)
|
(140)
|
(224)
|
(383)
|
(434)
|
(459)
|
|
Total Other Income |
(38)
|
(30)
|
6
|
(66)
|
(114)
|
(235)
|
(249)
|
(176)
|
(135)
|
6
|
29
|
11
|
96
|
46
|
(23)
|
(33)
|
69
|
124
|
160
|
207
|
7
|
42
|
99
|
23
|
68
|
(102)
|
(144)
|
(131)
|
0
|
(62)
|
(58)
|
(236)
|
7
|
(211)
|
(195)
|
31
|
16
|
78
|
67
|
61
|
(19)
|
|
Pre-Tax Income |
1 320
N/A
|
1 751
+33%
|
1 708
-2%
|
1 928
+13%
|
2 087
+8%
|
1 695
-19%
|
1 962
+16%
|
1 891
-4%
|
1 936
+2%
|
1 978
+2%
|
1 995
+1%
|
1 955
-2%
|
2 024
+4%
|
2 104
+4%
|
2 209
+5%
|
2 262
+2%
|
2 429
+7%
|
2 561
+5%
|
2 741
+7%
|
3 070
+12%
|
3 262
+6%
|
3 445
+6%
|
4 032
+17%
|
4 044
+0%
|
4 070
+1%
|
4 081
+0%
|
3 941
-3%
|
5 371
+36%
|
7 225
+35%
|
9 150
+27%
|
9 944
+9%
|
9 871
-1%
|
8 841
-10%
|
8 634
-2%
|
8 504
-2%
|
7 926
-7%
|
7 835
-1%
|
6 658
-15%
|
6 171
-7%
|
6 335
+3%
|
6 298
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(40)
|
(269)
|
(225)
|
(293)
|
(192)
|
43
|
9
|
87
|
44
|
20
|
8
|
45
|
1
|
72
|
63
|
70
|
3
|
(30)
|
(71)
|
(178)
|
(207)
|
(244)
|
(464)
|
(444)
|
(366)
|
(384)
|
(207)
|
(492)
|
(850)
|
(1 226)
|
(1 348)
|
(1 300)
|
(1 109)
|
(994)
|
(973)
|
(733)
|
(703)
|
(448)
|
(302)
|
(324)
|
(284)
|
|
Income from Continuing Operations |
1 280
|
1 482
|
1 483
|
1 635
|
1 896
|
1 738
|
1 971
|
1 978
|
1 980
|
1 997
|
2 002
|
1 999
|
2 025
|
2 175
|
2 270
|
2 330
|
2 432
|
2 530
|
2 670
|
2 892
|
3 055
|
3 201
|
3 568
|
3 600
|
3 704
|
3 697
|
3 734
|
4 879
|
6 375
|
7 924
|
8 596
|
8 571
|
7 732
|
7 640
|
7 531
|
7 193
|
7 132
|
6 210
|
5 869
|
6 011
|
6 014
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(8)
|
(12)
|
(15)
|
(10)
|
(8)
|
(5)
|
18
|
40
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(23)
|
(74)
|
(146)
|
(172)
|
(178)
|
(143)
|
(88)
|
(59)
|
|
Net Income (Common) |
1 273
N/A
|
1 480
+16%
|
1 482
+0%
|
1 636
+10%
|
1 894
+16%
|
1 737
-8%
|
1 970
+13%
|
1 974
+0%
|
1 975
+0%
|
1 993
+1%
|
1 998
+0%
|
1 996
0%
|
2 022
+1%
|
2 172
+7%
|
2 267
+4%
|
2 327
+3%
|
2 225
-4%
|
2 253
+1%
|
2 393
+6%
|
2 568
+7%
|
2 938
+14%
|
3 174
+8%
|
3 541
+12%
|
3 592
+1%
|
3 696
+3%
|
3 669
-1%
|
3 706
+1%
|
4 879
+32%
|
6 375
+31%
|
7 924
+24%
|
8 596
+8%
|
8 565
0%
|
7 725
-10%
|
7 603
-2%
|
7 439
-2%
|
7 032
-5%
|
6 950
-1%
|
6 024
-13%
|
5 721
-5%
|
5 941
+4%
|
5 995
+1%
|
|
EPS (Diluted) |
3.43
N/A
|
3.71
+8%
|
3.64
-2%
|
4.04
+11%
|
4.71
+17%
|
4.33
-8%
|
4.9
+13%
|
4.91
+0%
|
4.93
+0%
|
4.98
+1%
|
5.03
+1%
|
5.01
0%
|
5.1
+2%
|
5.51
+8%
|
5.76
+5%
|
5.81
+1%
|
5.59
-4%
|
5.54
-1%
|
5.89
+6%
|
6.32
+7%
|
7.23
+14%
|
7.89
+9%
|
8.78
+11%
|
8.91
+1%
|
9.19
+3%
|
9.19
N/A
|
9.31
+1%
|
12.22
+31%
|
15.98
+31%
|
19.95
+25%
|
21.7
+9%
|
21.3
-2%
|
19.46
-9%
|
19.24
-1%
|
18.88
-2%
|
17.79
-6%
|
17.64
-1%
|
15.52
-12%
|
14.74
-5%
|
15.31
+4%
|
15.45
+1%
|