← THERMO FISHER SCIENTIFIC INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $18.3b | $20.9b | $24.4b | $25.5b | $32.2b | $39.2b | $44.9b | $42.9b | $42.9b | $44.6b | |
| Cost of Goods and Services Sold | $8.2b | $9.0b | $13.5b | $14.2b | $16.2b | $19.6b | $25.9b | $25.8b | $25.2b | $26.3b | |
| Cost of revenues | $9.9b | $11.5b | $13.5b | $14.2b | $16.2b | $19.6b | $25.9b | $25.8b | $25.2b | $26.3b | |
| Gross Profit (Calculated) | $10.1b | $11.9b | $10.9b | $11.3b | $16.0b | $19.6b | $19.0b | $17.1b | $17.7b | $18.2b | |
| Total costs and operating expenses | $15.8b | $17.9b | $20.6b | $20.9b | $24.4b | $29.2b | $36.5b | $36.0b | $35.5b | $36.8b | |
| Operating Income (Loss) | $2.4b | $3.0b | $3.8b | $4.6b | $7.8b | $10.0b | $8.4b | $6.9b | $7.3b | $7.7b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $1.4b | $1.6b | $1.7b | $1.7b | $1.7b | $1.8b | $2.4b | $2.3b | $2.0b | $1.7b | |
| Basic (in shares) | $394.8m | $395.0m | $402.0m | $400.0m | $396.0m | $394.0m | $392.0m | $386.0m | $382.0m | $377.0m | |
| Benefit from/(provision for) income taxes | $1.4m | ($201.0m) | ($324.0m) | ($374.0m) | ($850.0m) | ($1.1b) | ($703.0m) | ($284.0m) | ($657.0m) | ($547.0m) | |
| Diluted (in shares) | $397.4m | $398.0m | $406.0m | $403.0m | $399.0m | $397.0m | $394.0m | $388.0m | $383.0m | $378.0m | |
| Equity in earnings/(losses) of unconsolidated entities | — | — | — | $0 | ($3.0m) | ($4.0m) | ($172.0m) | ($59.0m) | ($42.0m) | ($41.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $19.0m | ($31.0m) | $19.0m | $52.0m | $24.0m | $25.0m | $62.0m | ($67.0m) | $0 | ($130.0m) | |
| Gain (Loss) Related to Litigation Settlement | ($24.0m) | $27.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $12.5m | $17.0m | ($15.0m) | $44.0m | $10.0m | $66.0m | ($161.0m) | ($46.0m) | $21.0m | $13.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $493.2m | $655.0m | $1.3b | $2.3b | $4.8b | $3.3b | $3.9b | $2.4b | $2.2b | $2.6b | |
| Income (Loss) from Continuing Operations, Per Basic Share | $5 | $6 | $7 | $9 | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $5 | $6 | $7 | $9 | $16 | $19 | $18 | $15 | $17 | $18 | |
| Income (Loss) from Equity Method Investments | — | — | — | $0 | ($3.0m) | ($4.0m) | ($172.0m) | ($59.0m) | ($42.0m) | ($41.0m) | |
| Interest income | $48.4m | $81.0m | $137.0m | $224.0m | $65.0m | $43.0m | $272.0m | $879.0m | $1.1b | $993.0m | |
| Investment Income, Interest | $48.4m | $81.0m | $137.0m | $224.0m | $65.0m | $43.0m | $272.0m | $879.0m | $1.1b | $993.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $2.0b | $2.4b | $3.3b | $4.1b | $7.2b | $8.8b | $7.8b | $6.3b | $7.0b | $7.3b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $2.0b | $2.2b | $2.9b | $3.7b | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($3.5m) | ($3.0m) | $0 | $0 | $2.0m | $3.0m | $10.0m | $40.0m | $3.0m | $17.0m | |
| Income before income taxes | $2.0b | $2.4b | $3.3b | $4.1b | $7.2b | $8.8b | $7.8b | $6.3b | $7.0b | $7.3b | |
| Net Income (Loss) Attributable to Parent | $2.0b | $2.2b | $2.9b | $3.7b | $6.4b | $7.7b | $7.0b | $6.0b | $6.3b | $6.7b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $2.0b | $2.2b | $2.9b | $3.7b | $6.4b | $7.7b | $7.0b | $6.0b | $6.3b | $6.7b | |
| Less: net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interest | — | — | — | $2.0m | $2.0m | $3.0m | $10.0m | ($40.0m) | $3.0m | $17.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $2.0m | $2.0m | $3.0m | $10.0m | ($40.0m) | $3.0m | $17.0m | |
| Common Stock, Dividends, Per Share, Declared | $0.60 | $0.60 | $0.68 | $0.76 | $0.88 | $1.04 | $1.20 | $1.40 | $1.56 | $1.72 | |
| Earnings Per Share, Basic | $5.12 | $5.64 | $7.31 | $9.24 | $16.09 | $19.62 | $17.75 | $15.52 | $16.58 | $17.77 | |
| Earnings Per Share, Diluted | $5.09 | $5.59 | $7.24 | $9.17 | $15.96 | $19.46 | $17.63 | $15.45 | $16.53 | $17.74 | |
| Weighted Average Number of Shares Outstanding, Basic | 394.8m | 395.0m | 402.0m | 400.0m | 396.0m | 394.0m | 392.0m | 386.0m | 382.0m | 377.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 397.4m | 398.0m | 406.0m | 403.0m | 399.0m | 397.0m | 394.0m | 388.0m | 383.0m | 378.0m | |
| Costs and Expenses | $15.8b | $17.9b | $20.6b | $20.9b | $24.4b | $29.2b | $36.5b | $36.0b | $35.5b | $36.8b | |
| Current Income Tax Expense (Benefit) | $637.9m | $1.9b | $798.0m | $873.0m | $1.1b | $1.8b | $1.7b | $1.6b | $1.9b | $1.2b | |
| Interest Expense | $469.6m | $592.0m | $667.0m | $676.0m | $553.0m | $536.0m | $726.0m | $1.4b | $1.4b | $1.4b | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $1.4b | $1.4b | |
| Other Nonoperating Income (Expense) | ($4.1m) | ($28.0m) | $9.0m | ($72.0m) | ($81.0m) | ($694.0m) | ($104.0m) | ($65.0m) | $12.0m | ($12.0m) | |
| Other income/(expense) | — | ($20.0m) | $9.0m | ($72.0m) | ($81.0m) | ($694.0m) | ($104.0m) | ($65.0m) | $12.0m | ($12.0m) | |
| Research and Development Expense | $754.8m | $888.0m | $967.0m | $1.0b | $1.2b | $1.4b | $1.5b | $1.3b | $1.4b | $1.4b | |
| Research and development expenses | $754.8m | $888.0m | $967.0m | $1.0b | $1.2b | $1.4b | $1.5b | $1.3b | $1.4b | $1.4b | |
| Restructuring and other costs | $189.2m | $97.0m | $50.0m | ($413.0m) | $99.0m | $197.0m | $114.0m | $459.0m | $379.0m | $362.0m | |
| Selling, General and Administrative Expense | $5.0b | $5.5b | $6.1b | $6.1b | $6.9b | $8.0b | $9.0b | $8.4b | $8.6b | $8.7b | |
| Selling, general and administrative expenses | $5.0b | $5.5b | $6.1b | $6.1b | $6.9b | $8.0b | $9.0b | $8.4b | $8.6b | $8.7b | |
| Income Tax Expense (Benefit) | ($1.4m) | $201.0m | $324.0m | $374.0m | $850.0m | $1.1b | $703.0m | $284.0m | $657.0m | $547.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.