Thermo Fisher Scientific (TMO) 10-K Summary — Year Ended Dec 31, 2024
The filing describes the company's business, risk factors, and financial condition. Revenue remained stable compared to the prior period, and the company reported operating income, net income, and operating cash flow.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
The filing describes the company's business, risk factors, and financial condition. Revenue remained stable compared to the prior period, and the company reported operating income, net income, and operating cash flow.
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
$7.3B
Income from operations reported for the year.
Net income
$6.3B
Net income reported for the year.
Operating cash flow
$8.7B
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% |
| Dec 31, 2024 | $42.9B | +0.1% |
Business overview
The company's business is outlined in the Business overview section under Item 1 of the filing. The filing also includes sections on risk factors, management's discussion and analysis, and liquidity and capital resources.
Financial performance
Revenue for the most recent period was consistent with the prior period. Operating income, net income, and operating cash flow were reported. The trend indicates that revenue remained largely unchanged.
Material risks
The filing contains a Risk Factors section under Item 1A that discusses material risks. The specific risks are detailed in that section of the filing.
Liquidity and capital
The liquidity and capital resources discussion addresses the company's use of interest rate swap arrangements and the impact of tax audits, including a provision for a tax audit. Valuation allowances and tax credits also influenced the reported tax rates.
What to watch
Readers should monitor the resolution of the tax audit provision mentioned in the liquidity section.