Thermo Fisher Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	42,857	44,915	39,211	32,218	25,542	Upgrade
Revenue Growth (YoY)	-4.58%	14.55%	21.71%	26.14%	4.86%	Upgrade
Cost of Revenue	25,757	25,944	19,573	16,214	14,214	Upgrade
Gross Profit	17,100	18,971	19,638	16,004	11,328	Upgrade
Selling, General & Admin	8,445	8,993	8,007	6,930	6,144	Upgrade
Research & Development	1,337	1,471	1,406	1,181	1,003	Upgrade
Other Operating Expenses	459	114	197	99	-413	Upgrade
Operating Expenses	10,241	10,578	9,610	8,210	6,734	Upgrade
Operating Income	6,859	8,393	10,028	7,794	4,594	Upgrade
Interest Expense / Income	1,375	726	536	553	676	Upgrade
Other Expense / Income	-795	14	658	16	-152	Upgrade
Pretax Income	6,279	7,653	8,834	7,225	4,070	Upgrade
Income Tax	284	703	1,109	850	374	Upgrade
Net Income	5,995	6,950	7,725	6,375	3,696	Upgrade
Net Income Growth	-13.74%	-10.03%	21.18%	72.48%	25.80%	Upgrade
Shares Outstanding (Basic)	386	392	394	396	400	Upgrade
Shares Outstanding (Diluted)	388	394	397	399	403	Upgrade
Shares Change	-1.52%	-0.76%	-0.50%	-0.99%	-0.74%	Upgrade
EPS (Basic)	15.52	17.75	19.62	16.09	9.24	Upgrade
EPS (Diluted)	15.45	17.63	19.46	15.96	9.17	Upgrade
EPS Growth	-12.37%	-9.40%	21.93%	74.05%	26.66%	Upgrade
Free Cash Flow	7,014	6,935	6,809	6,823	4,083	Upgrade
Free Cash Flow Per Share	18.17	17.69	17.28	17.23	10.21	Upgrade
Dividend Per Share	1.400	1.200	1.040	0.880	0.760	Upgrade
Dividend Growth	16.67%	15.38%	18.18%	15.79%	11.76%	Upgrade
Gross Margin	39.90%	42.24%	50.08%	49.67%	44.35%	Upgrade
Operating Margin	16.00%	18.69%	25.57%	24.19%	17.99%	Upgrade
Profit Margin	13.99%	15.47%	19.70%	19.79%	14.47%	Upgrade
Free Cash Flow Margin	16.37%	15.44%	17.37%	21.18%	15.99%	Upgrade
Effective Tax Rate	4.52%	9.19%	12.55%	11.76%	9.19%	Upgrade
EBITDA	11,060	11,760	11,962	10,103	7,023	Upgrade
EBITDA Margin	25.81%	26.18%	30.51%	31.36%	27.50%	Upgrade
Depreciation & Amortization	3,406	3,381	2,592	2,325	2,277	Upgrade
EBIT	7,654	8,379	9,370	7,778	4,746	Upgrade
EBIT Margin	17.86%	18.66%	23.90%	24.14%	18.58%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).