Thermo Fisher Scientific Inc. (TMO) quarterly cash flow statement — complete operating, investing & financing history
Thermo Fisher Scientific Inc. (TMO) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 2.55B | 2.13B | 1.19B | 3.46B | 2.24B | 1.4B | 723M | 3.29B | 2.17B | 1.96B | 1.25B | 3.72B | 2.41B | 1.54B | 729M | 3.49B | 1.94B | 1.53B | 2.2B | 2.69B |
| Operating CF Margin % | 21.01% | 17.72% | 10.83% | 28.3% | 20.13% | 12.89% | 6.98% | 28.87% | 20.44% | 18.59% | 12.09% | 34.2% | 22.83% | 14.41% | 6.81% | 30.45% | 18.14% | 13.93% | 18.63% | 25.12% |
| Operating CF Growth % | 13.89% | 51.89% | 64.87% | 5.08% | 3.37% | -28.62% | -42.21% | -11.63% | -10.27% | 27.27% | 71.6% | 6.77% | 24.63% | 0.79% | -66.89% | 29.72% | -26.91% | -31.39% | 11.32% | -19.5% |
| Net Income | 1.73B | 1.74B | 1.66B | 1.97B | 1.62B | 1.61B | 1.51B | 1.82B | 1.64B | 1.55B | 1.33B | 1.63B | 1.72B | 1.36B | 1.29B | 1.57B | 1.5B | 1.67B | 2.22B | 1.66B |
| Depreciation & Amortization | 825M | 817M | 736M | 728M | 661M | 685M | 705M | 742M | 740M | 790M | 836M | 839M | 853M | 855M | 859M | 848M | 838M | 836M | 859M | 683M |
| Stock-Based Compensation | 0 | 0 | 0 | 84M | 0 | 0 | 0 | 0 | 68M | 84M | 70M | 61M | 67M | 74M | 76M | 75M | 77M | 77M | 78M | 77M |
| Deferred Taxes | -210M | -208M | -258M | 89M | -127M | -322M | -279M | 0 | -400M | -354M | -253M | -669M | -303M | -182M | -146M | -133M | -261M | -262M | -339M | 49M |
| Other Non-Cash Items | 251M | -1.34B | 170M | 97M | -2.07B | 147M | 207M | 130M | 89M | 108M | 58M | 139M | 91M | 149M | 181M | 81M | 152M | 58M | 259M | 566M |
| Working Capital Changes | -43M | 1.11B | -1.11B | 489M | 2.15B | -726M | -1.43B | 594M | 30M | -216M | -787M | 1.72B | -9M | -718M | -1.53B | 1.04B | -367M | -849M | -875M | -348M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -333M | 0 | 0 | 0 | 209M | 0 | 0 | 0 | -430M | 0 | 0 | 0 | -204M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27M | 0 | 0 | 0 | 598M | 0 | 0 | 0 | -825M | 0 | 0 | 0 | -1.06B |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 212M | 0 | 0 | 0 | -500M | 0 | 0 | 0 | 648M | 0 | 0 | 0 | 479M |
| Cash from Investing | -77M | 164M | -8.96B | 891M | -4.12B | -288M | -527M | 20M | -3.58B | -253M | -2.03B | -376M | -1.18B | -443M | -3.14B | -525M | -545M | -419M | -670M | -18.69B |
| Capital Expenditures | -437M | -450M | -376M | -465M | -404M | -294M | -362M | -480M | -272M | -301M | -347M | -405M | -332M | -284M | -458M | -550M | -547M | -506M | -640M | -831M |
| CapEx % of Revenue | 3.6% | 3.75% | 3.42% | 3.81% | 3.63% | 2.71% | 3.49% | 4.21% | 2.57% | 2.86% | 3.35% | 3.72% | 3.14% | 2.66% | 4.28% | 4.8% | 5.12% | 4.61% | 5.42% | 7.76% |
| Acquisitions | -5M | 0 | -8.87B | 27M | -4.04B | 0 | 12M | 17M | -3.11B | 16M | 4M | 11M | -909M | -47M | -2.7B | 6M | 1M | 12M | -40M | -17.88B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 998M | 632M | 51M | 50M | 104M | 8M | 87M | 44M | 1M | 5M | 7M | 18M | 60M | -112M | 20M | 19M | 1M | 75M | 10M | 15M |
| Cash from Financing | -1.06B | -2.57B | 1.09B | 3.53B | -632M | -991M | -102M | -3.67B | -1.19B | -114M | -1.82B | -1.43B | 1.85B | -1.46B | -2.59B | 2.39B | -151M | -1.91B | -3.15B | 8.47B |
| Debt Issued (Net) | -1.11B | 0 | 4.21B | 785M | -2B | -787M | 2B | -2.5B | -1.11B | -1M | 1.21B | -1.31B | 1.97B | -1.32B | 504M | 3.49B | -1M | -1.82B | -1.01B | 8.6B |
| Equity Issued (Net) | 0 | -1B | -3B | -3B | 2B | 0 | -2B | -1B | 0 | 0 | -3B | 0 | 0 | 0 | -3B | -1.06B | 6M | 49M | -2B | 55M |
| Dividends Paid | -174M | -175M | -162M | -162M | -163M | -162M | -149M | -149M | -150M | -149M | -135M | -136M | -135M | -135M | -117M | -117M | -118M | -117M | -103M | -103M |
| Share Repurchases | 0 | -1B | -3B | -3B | 2B | 0 | -2B | -1B | 0 | 0 | -3B | 0 | 0 | 0 | -3B | -1B | 0 | 0 | -2B | -101M |
| Other Financing | 218M | -1.4B | 40M | 5.9B | -469M | -42M | 45M | -17M | 67M | 36M | 109M | 14M | 18M | 4M | 20M | 77M | -38M | -12M | -34M | -81M |
| Net Change in Cash | 1.4B | -183M | -6.6B | 7.87B | -2.59B | 431M | 131M | -630M | -2.43B | 1.58B | -2.58B | 1.93B | 3.02B | -347M | -5.04B | 5.6B | 1.03B | -874M | -1.71B | -7.56B |
| Free Cash Flow | 2.11B | 1.68B | 816M | 2.99B | 1.83B | 1.1B | 361M | 2.81B | 1.89B | 1.66B | 904M | 3.32B | 2.08B | 1.26B | 271M | 2.94B | 1.39B | 1.02B | 1.56B | 1.86B |
| FCF Margin % | 17.41% | 13.97% | 7.41% | 24.49% | 16.5% | 10.18% | 3.48% | 24.66% | 17.87% | 15.74% | 8.74% | 30.48% | 19.69% | 11.75% | 2.53% | 25.65% | 13.02% | 9.32% | 13.22% | 17.35% |
| FCF Growth % | 15.15% | 51.58% | 126.04% | 6.48% | -3.12% | -33.39% | -60.07% | -15.31% | -9.03% | 32.09% | 233.58% | 12.97% | 49.78% | 22.9% | -82.65% | 58.16% | -34.62% | -39.42% | 15.7% | -32.55% |
| FCF per Share | 5.70 | 4.51 | 2.19 | 7.94 | 4.85 | 2.92 | 0.95 | 7.34 | 4.93 | 4.33 | 2.35 | 8.55 | 5.37 | 3.24 | 0.70 | 7.47 | 3.52 | 2.59 | 3.95 | 4.67 |
| FCF Conversion (FCF/Net Income) | 1.48x | 1.22x | 0.72x | 1.75x | 1.39x | 0.87x | 0.48x | 1.80x | 1.33x | 1.27x | 0.94x | 2.28x | 1.41x | 1.13x | 0.57x | 2.21x | 1.30x | 0.92x | 0.99x | 1.62x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |