Thermo Fisher Scientific Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.36B | $20.95B | $18.26B | $16.95B | $16.89B | $13.10B | $12.51B | $11.56B |
| Life Sciences Solutions | $6.27B | $5.73B | $4.95B | $4.41B | $4.19B | $1.42B | $1.38B | $1.31B |
| Analytical Instruments | $5.44B | $4.72B | $3.31B | $3.13B | $3.18B | $3.12B | $2.91B | $2.72B |
| Specialty Diagnostics | $3.72B | $3.49B | $3.32B | $3.11B | $3.21B | $2.98B | $2.88B | $2.65B |
| Laboratory Products and Services | $8.93B | $7.01B | $6.68B | $6.30B | $6.31B | $5.58B | $5.34B | $4.88B |
| Cost of Revenue | — | $8.98B | $8.21B | $7.58B | $7.93B | $6.31B | $6.10B | $5.73B |
| Gross Profit | — | $11.97B | $10.05B | $9.37B | $8.96B | $6.79B | $6.41B | $5.83B |
| Gross Margin | — | 57.2% | 55.0% | 55.3% | 53.0% | 51.8% | 51.2% | 50.4% |
| Operating Expenses | ||||||||
| Research & Development | $967.0M | $887.0M | $754.0M | $692.0M | $691.1M | $395.5M | $376.4M | $340.2M |
| SG&A Expense | $6.06B | $5.50B | $4.97B | $4.61B | $4.90B | $3.45B | $3.35B | $3.11B |
| Operating Income | $3.78B | $2.96B | $2.46B | $2.34B | $2.50B | $1.61B | $1.48B | $1.25B |
| Operating Margin | 15.5% | 14.1% | 13.5% | 13.8% | 14.8% | 12.3% | 11.8% | 10.8% |
| Interest Expense | $667.0M | $592.0M | $469.0M | $415.0M | $479.9M | $262.1M | $241.6M | $175.3M |
| Pretax Income | $3.26B | $2.43B | $2.02B | $1.94B | $2.09B | $1.32B | $1.27B | $1.13B |
| Income Tax Expense | $324.0M | $201.0M | $-1.0M | $-44.0M | $191.7M | $40.4M | $11.0M | $109.4M |
| Net Income | $2.94B | $2.23B | $2.02B | $1.98B | $1.89B | $1.27B | $1.18B | $1.33B |
| Net Margin | 12.1% | 10.6% | 11.1% | 11.7% | 11.2% | 9.7% | 9.4% | 11.5% |
| EPS (Basic) | $7.31 | $5.64 | $5.12 | $4.96 | $4.76 | $3.53 | $3.24 | $3.49 |
| EPS (Diluted) | $7.24 | $5.59 | $5.09 | $4.92 | $4.71 | $3.48 | $3.21 | $3.46 |
| Shares Outstanding (Basic) | 402.0M | 395.0M | 395.0M | 399.0M | 398.2M | 360.3M | 363.8M | 380.8M |
| Shares Outstanding (Diluted) | 406.0M | 398.0M | 397.0M | 402.0M | 402.3M | 365.8M | 366.6M | 384.8M |
| Dividends Per Share | $0.68 | $0.60 | $0.60 | $0.60 | $0.60 | $0.60 | $0.54 | $0.00 |