Thermo Fisher Scientific Inc. (TMO)

Thermo Fisher Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	6,514	6,335	5,995	6,950	7,725	6,375
Depreciation & Amortization	2,977	3,108	3,406	3,381	2,592	2,325
Stock-Based Compensation	306	301	278	307	230	196
Other Operating Activities	-641	-698	-736	-435	313	-212
Change in Accounts Receivable	-333	-333	209	-784	17	-1,302
Change in Inventory	-27	-27	598	-825	-1,065	-508
Change in Accounts Payable	212	212	-500	648	479	59
Change in Other Net Operating Assets	-869	-231	-844	-88	-979	1,356
Operating Cash Flow	8,139	8,667	8,406	9,154	9,312	8,289
Operating Cash Flow Growth	-8.84%	3.10%	-8.17%	-1.70%	12.34%	66.68%
Capital Expenditures	-1,415	-1,400	-1,479	-2,243	-2,523	-1,474
Sale of Property, Plant & Equipment	65	57	87	24	20	8
Cash Acquisitions	-3,132	-3,132	-3,660	-39	-19,395	-38
Investment in Securities	-132	-1,626	-193	64	-	-
Other Investing Activities	276	260	103	35	-34	-6
Investing Cash Flow	-4,338	-5,841	-5,142	-2,159	-21,932	-1,510
Short-Term Debt Issued	-	-	1,620	1,526	2,512	383
Long-Term Debt Issued	-	1,204	5,942	3,193	18,137	3,464
Total Debt Issued	2,839	1,204	7,562	4,719	20,649	3,847
Short-Term Debt Repaid	-	-	-1,935	-3,690	-	-387
Long-Term Debt Repaid	-	-3,607	-5,782	-375	-11,738	-710
Total Debt Repaid	-4,445	-3,607	-7,717	-4,065	-11,738	-1,097
Net Debt Issued (Repaid)	-1,606	-2,403	-155	654	8,911	2,750
Repurchase of Common Stock	-3,000	-4,000	-3,000	-3,000	-2,000	-1,500
Common Dividends Paid	-597	-583	-523	-455	-395	-337
Other Financing Activities	130	194	56	-9	65	46
Financing Cash Flow	-5,073	-6,792	-3,622	-2,810	6,581	959
Foreign Exchange Rate Adjustments	-76	-91	-82	-139	194	176
Net Cash Flow	-1,347	-4,057	-440	4,046	-5,845	7,914
Free Cash Flow	6,724	7,267	6,927	6,911	6,789	6,815
Free Cash Flow Growth	-11.06%	4.91%	0.23%	1.80%	-0.38%	68.40%
Free Cash Flow Margin	15.67%	16.95%	16.16%	15.39%	17.31%	21.15%
Free Cash Flow Per Share	17.61	18.97	17.85	17.54	17.10	17.08
Cash Interest Paid	1,570	1,570	1,385	667	555	471
Cash Income Tax Paid	1,834	1,834	1,482	1,234	2,182	1,324
Levered Free Cash Flow	5,770	6,633	5,195	5,798	5,584	5,618
Unlevered Free Cash Flow	6,602	7,502	6,055	6,252	5,919	5,964
Change in Net Working Capital	172	-659	823	543	863	-

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q