Thermo Fisher Scientific (TMO) 10-K Summary — Year Ended Dec 31, 2023
This annual report covers the company's business, risk factors, and financial performance for the reported period. The filing provides an overview of operations and financial results.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
This annual report covers the company's business, risk factors, and financial performance for the reported period. The filing provides an overview of operations and financial results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$42.9B
Revenue reported for the fiscal year.
Operating income
$6.9B
Income from operations reported for the year.
Net income
$6B
Net income reported for the year.
Operating cash flow
$8.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $39.2B | n/a |
| Dec 31, 2022 | $44.9B | +14.5% |
| Dec 31, 2023 | $42.9B | -4.6% |
Business overview
The filing includes a Business section (Item 1) that describes the company's operations, but no specific details are provided in the supplied context. The company is identified as Thermo Fisher Scientific Inc.
Financial performance
Revenue declined compared to the prior year. Operating income, net income, and operating cash flow were also reported for the period.
Material risks
The filing lists risk factors in Item 1A, but the supplied context does not include the specific risks. Therefore, no material risks can be identified from the provided information.
Liquidity and capital
The company uses interest rate swaps and cross-currency swaps to manage interest and foreign currency exposure. Its tax rate was affected by valuation allowances and tax planning initiatives, including credits and revaluations.
What to watch
Monitor the company's revenue trend in the next filing given the year-over-year decline reported in the current period.