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Thermo Fisher Scientific Inc. (NYSE:TMO)

Analysis of Revenues

Advanced level

Revenues as Reported

Thermo Fisher Scientific Inc., Income Statement, Revenues

US$ in millions

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12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Life Sciences Solutions 6,856  6,269  5,728  4,978  4,439 
Analytical Instruments 5,522  5,469  4,821  3,668  3,208 
Specialty Diagnostics 3,718  3,724  3,486  3,339  3,244 
Laboratory Products and Services 10,599  10,035  7,825  7,030  6,662 
Eliminations (1,153) (1,139) (942) (741) (588)
Consolidated revenues 25,542  24,358  20,918  18,274  16,965 

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).

Item Description The company
Consolidated revenues Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Thermo Fisher Scientific Inc.’s consolidated revenues increased from 2017 to 2018 and from 2018 to 2019.