Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Thermo Fisher Scientific Inc. (NYSE:TMO)

Common-Size Income Statement

Beginner level

Thermo Fisher Scientific Inc., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Product revenues 76.33 77.46 83.06 85.98 86.46
Service revenues 23.67 22.54 16.94 14.02 13.54
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product revenues -39.30 -39.75 -42.91 -44.95 -44.70
Cost of service revenues -16.35 -15.68 -11.94 -9.25 -9.58
Cost of revenues -55.65% -55.43% -54.85% -54.20% -54.28%
Gross profit 44.35% 44.57% 45.15% 45.80% 45.72%
Selling, general and administrative expenses -24.05 -24.87 -26.25 -27.23 -27.19
Research and development expenses -3.93 -3.97 -4.25 -4.13 -4.08
Restructuring and other income (costs), net 1.62 -0.21 -0.46 -1.04 -0.68
Operating income 17.99% 15.53% 14.19% 13.40% 13.77%
Interest income 0.88 0.56 0.39 0.26 0.18
Interest expense -2.65 -2.74 -2.83 -2.57 -2.45
Other income (expense), net -0.28 0.04 -0.13 -0.02 -0.09
Income from continuing operations before income taxes 15.93% 13.39% 11.61% 11.08% 11.41%
(Provision for) benefit from income taxes -1.46 -1.33 -0.96 0.01 0.26
Income from continuing operations 14.47% 12.06% 10.65% 11.08% 11.67%
Loss from discontinued operations, net of income tax 0.00 0.00 -0.01 -0.02 -0.03
Net income 14.47% 12.06% 10.64% 11.06% 11.64%

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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Thermo Fisher Scientific Inc.’s operating income as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Thermo Fisher Scientific Inc.’s income from continuing operations before income taxes as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Thermo Fisher Scientific Inc.’s net income as a percentage of revenues increased from 2017 to 2018 and from 2018 to 2019.