Thermo Fisher Scientific Inc. (TMO)
NYSE: TMO · Real-Time Price · USD
633.71
+5.56 (0.89%)
At close: Aug 26, 2026, 4:00 PM EDT
634.06
+0.35 (0.06%)
After-hours: Aug 26, 2026, 7:56 PM EDT
Thermo Fisher Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Net Income | 6,967 | 6,848 | 6,704 | 6,570 | 6,584 | 6,514 | 6,335 | 6,135 | 6,220 | 6,034 | 5,995 | 5,941 | 5,721 | 6,024 | 6,950 | 7,032 | 7,439 | 7,603 | 7,725 | 8,565 |
Depreciation & Amortization | 2,942 | 2,809 | 2,780 | 2,804 | 2,883 | 2,977 | 3,108 | 3,205 | 3,308 | 3,383 | 3,406 | 3,415 | 3,400 | 3,381 | 3,381 | 3,216 | 3,006 | 2,830 | 2,592 | 2,511 |
Asset Writedown & Restructuring Costs | - | 2 | - | -10 | -11 | - | - | - | 11 | - | - | - | - | - | - | - | - | - | - | - |
Stock-Based Compensation | 319 | 318 | 310 | 305 | 303 | 306 | 301 | 283 | 282 | 272 | 278 | 292 | 302 | 305 | 307 | 309 | 283 | 257 | 230 | 204 |
Other Operating Activities | -21 | -195 | -168 | -357 | -654 | -641 | -698 | -1,273 | -1,184 | -970 | -736 | -260 | -154 | -322 | -435 | -4 | -66 | -52 | 313 | 11 |
Change in Accounts Receivable | -801 | -801 | -801 | -333 | -333 | -333 | -333 | 209 | 209 | 209 | 209 | -784 | -784 | -784 | -784 | -204 | -204 | -204 | 17 | -1,302 |
Change in Inventory | -74 | -74 | -74 | -27 | -27 | -27 | -27 | 598 | 598 | 598 | 598 | -825 | -825 | -825 | -825 | -1,065 | -1,065 | -1,065 | -1,065 | -508 |
Change in Accounts Payable | 421 | 421 | 421 | 212 | 212 | 212 | 212 | -500 | -500 | -500 | -500 | 648 | 648 | 648 | 648 | 479 | 479 | 479 | 479 | 59 |
Change in Other Net Operating Assets | -740 | -1,041 | -1,354 | -1,513 | -1,379 | -869 | -231 | 443 | 404 | -98 | -844 | -257 | -615 | -746 | -88 | -1,639 | -1,035 | -312 | -979 | 654 |
Operating Cash Flow | 9,013 | 8,287 | 7,818 | 7,651 | 7,578 | 8,139 | 8,667 | 9,100 | 9,348 | 8,928 | 8,406 | 8,170 | 7,693 | 7,681 | 9,154 | 8,124 | 8,837 | 9,536 | 9,312 | 10,194 |
Operating Cash Flow Growth (YoY) | 18.94% | 1.82% | -9.80% | -15.92% | -18.93% | -8.84% | 3.10% | 11.38% | 21.51% | 16.23% | -8.17% | 0.57% | -12.95% | -19.45% | -1.70% | -20.31% | -13.80% | -3.78% | 12.34% | 48.54% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Capital Expenditures | -1,695 | -1,539 | -1,525 | -1,540 | -1,408 | -1,415 | -1,400 | -1,325 | -1,385 | -1,368 | -1,479 | -1,624 | -1,839 | -2,061 | -2,243 | -2,524 | -2,501 | -2,535 | -2,523 | -2,278 |
Sale of Property, Plant & Equipment | 44 | 41 | 44 | 34 | 50 | 65 | 57 | 51 | 97 | 85 | 87 | 82 | 20 | 28 | 24 | 29 | 29 | 17 | 20 | 10 |
Cash Acquisitions | -12,909 | -12,909 | -4,037 | -4,037 | -3,132 | -3,132 | -3,132 | -3,132 | -909 | -956 | -3,660 | -3,660 | -2,750 | -2,703 | -39 | -17,915 | -18,010 | -18,092 | -19,395 | -1,554 |
Investment in Securities | 1,705 | 1,680 | 1,182 | 339 | -153 | -130 | -1,626 | -2,049 | -1,783 | -1,949 | -193 | -200 | -188 | -2 | 64 | - | - | - | - | - |
Other Investing Activities | 826 | 246 | 289 | 286 | 270 | 274 | 260 | 218 | 140 | 158 | 103 | 111 | 102 | 107 | 35 | 84 | 85 | 6 | -34 | -44 |
Investing Cash Flow | -12,029 | -12,481 | -4,047 | -4,918 | -4,373 | -4,338 | -5,841 | -6,237 | -3,840 | -4,030 | -5,142 | -5,291 | -4,655 | -4,631 | -2,159 | -20,326 | -20,397 | -20,604 | -21,932 | -3,866 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Short-Term Debt Issued | - | - | 1,095 | - | - | - | - | - | - | - | 1,620 | - | - | - | 1,526 | - | - | - | 2,512 | - |
Long-Term Debt Issued | - | - | 7,759 | - | - | - | 1,204 | - | - | - | 5,942 | - | - | - | 3,193 | - | - | - | 18,137 | - |
Total Debt Issued | 11,641 | 11,641 | 8,854 | 3,935 | 2,840 | 2,839 | 1,204 | 3,680 | 7,146 | 7,740 | 7,562 | 8,574 | 5,307 | 5,120 | 4,719 | 18,758 | 21,681 | 21,275 | 20,649 | 3,122 |
Short-Term Debt Repaid | - | - | -1,095 | - | - | - | - | - | - | - | -1,935 | - | - | - | -3,690 | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -2,412 | - | - | - | -3,607 | - | - | - | -5,782 | - | - | - | -375 | - | - | - | -11,738 | - |
Total Debt Repaid | -3,683 | -4,081 | -3,507 | -4,722 | -5,232 | -4,445 | -3,607 | -4,889 | -5,276 | -7,194 | -7,717 | -3,935 | -2,641 | -2,954 | -4,065 | -13,000 | -12,800 | -10,569 | -11,738 | -2,801 |
Net Debt Issued (Repaid) | 7,958 | 7,560 | 5,347 | -787 | -2,392 | -1,606 | -2,403 | -1,209 | 1,870 | 546 | -155 | 4,639 | 2,666 | 2,166 | 654 | 5,758 | 8,881 | 10,706 | 8,911 | 321 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141 |
Repurchase of Common Stock | -5,000 | -4,000 | -3,000 | -3,963 | -3,000 | -3,000 | -4,000 | -3,000 | -3,000 | -3,000 | -3,000 | -4,000 | -4,000 | -4,000 | -3,000 | -2,101 | -2,072 | -2,020 | -2,000 | -2,000 |
Common Dividends Paid | -662 | -649 | -636 | -623 | -610 | -597 | -583 | -570 | -555 | -541 | -523 | -504 | -487 | -469 | -455 | -441 | -425 | -411 | -395 | -379 |
Other Financing Activities | 120 | 85 | 90 | -18 | 53 | 130 | 194 | 225 | 176 | 145 | 56 | 62 | 12 | 45 | -9 | 50 | 73 | 11 | 65 | -18 |
Financing Cash Flow | 2,416 | 2,996 | 1,801 | -5,391 | -5,949 | -5,073 | -6,792 | -4,554 | -1,509 | -2,850 | -3,622 | 197 | -1,809 | -2,258 | -2,810 | 3,266 | 6,457 | 8,286 | 6,581 | -1,935 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Foreign Exchange Rate Adjustments | 95 | 308 | 267 | - | 250 | -76 | -91 | 192 | -56 | -29 | -82 | 158 | 19 | -71 | -139 | -178 | -27 | -42 | 194 | 85 |
Miscellaneous Cash Flow Adjustments | -2 | -2 | - | -1 | - | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Flow | -507 | -892 | 5,839 | -2,659 | -2,494 | -1,347 | -4,057 | -1,498 | 3,944 | 2,019 | -440 | 3,234 | 1,248 | 721 | 4,046 | -9,114 | -5,130 | -2,824 | -5,845 | 4,478 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Free Cash Flow | 7,318 | 6,748 | 6,293 | 6,111 | 6,170 | 6,724 | 7,267 | 7,775 | 7,963 | 7,560 | 6,927 | 6,546 | 5,854 | 5,620 | 6,911 | 5,600 | 6,336 | 7,001 | 6,789 | 7,916 |
Free Cash Flow Growth (YoY) | 18.61% | 0.36% | -13.40% | -21.40% | -22.52% | -11.06% | 4.91% | 18.77% | 36.03% | 34.52% | 0.23% | 16.89% | -7.61% | -19.73% | 1.80% | -29.26% | -22.09% | -13.16% | -0.38% | 39.22% |
Free Cash Flow Margin | 15.79% | 14.93% | 14.12% | 13.97% | 14.28% | 15.67% | 16.95% | 18.35% | 18.80% | 17.79% | 16.16% | 15.08% | 13.45% | 12.83% | 15.39% | 12.68% | 14.80% | 17.03% | 17.31% | 20.27% |
Free Cash Flow Per Share | 19.52 | 17.92 | 16.65 | 16.11 | 16.22 | 17.61 | 18.97 | 20.23 | 20.66 | 19.54 | 17.85 | 16.84 | 14.97 | 14.33 | 17.54 | 14.16 | 16.02 | 17.66 | 17.10 | 19.91 |
Levered Free Cash Flow | 6,237 | 5,521 | 4,391 | 4,797 | 5,196 | 5,766 | 6,629 | 6,834 | 6,556 | 6,125 | 5,099 | 4,694 | 4,396 | 4,579 | 5,798 | 5,103 | 5,690 | 5,819 | 5,584 | 6,319 |
Unlevered Free Cash Flow | 7,154 | 6,439 | 5,278 | 5,654 | 6,059 | 6,597 | 7,497 | 7,748 | 7,470 | 7,021 | 5,958 | 5,478 | 5,069 | 5,139 | 6,252 | 5,493 | 6,050 | 6,165 | 5,919 | 6,631 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Cash Interest Paid | 1,612 | 1,612 | 1,612 | 1,570 | 1,570 | 1,570 | 1,570 | 1,385 | 1,385 | 1,385 | 1,385 | 667 | 667 | 667 | 667 | 555 | 555 | 555 | 555 | 471 |
Cash Income Tax Paid | 1,246 | 1,476 | 1,776 | 2,004 | 1,904 | 1,834 | 1,834 | 1,742 | 1,832 | 1,562 | 1,482 | 1,354 | 1,184 | 1,504 | 1,234 | 1,672 | 1,742 | 1,940 | 2,182 | 2,228 |
Change in Working Capital | -1,194 | -1,495 | -1,808 | -1,661 | -1,527 | -1,017 | -379 | 750 | 711 | 209 | -537 | -1,218 | -1,576 | -1,707 | -1,049 | -2,429 | -1,825 | -1,102 | -1,548 | -1,097 |