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

Thermo Fisher Scientific Inc. (NYSE:TMO)

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Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Thermo Fisher Scientific Inc., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current assets
Adjustments
Add: Allowance for doubtful accounts
Add: LIFO reserve1
After Adjustment
Adjusted current assets

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).

1 LIFO reserve. See details »


Adjustments to Total Assets

Thermo Fisher Scientific Inc., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Less: Deferred tax assets3
After Adjustment
Adjusted total assets

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 LIFO reserve. See details »

3 Deferred tax assets. See details »


Adjustments to Current Liabilities

Thermo Fisher Scientific Inc., adjusted current liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current liabilities
Adjustments
Less: Current accrued restructuring costs
After Adjustment
Adjusted current liabilities

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).


Adjustments to Total Liabilities

Thermo Fisher Scientific Inc., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities2
Less: Standard product warranty obligations
Less: Accrued restructuring costs
After Adjustment
Adjusted total liabilities

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Thermo Fisher Scientific Inc., adjusted shareholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Shareholders’ equity
Adjustments
Less: Deferred tax assets (liabilities), net1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Add: Standard product warranty obligations
Add: Accrued restructuring costs
After Adjustment
Adjusted shareholders’ equity

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).

1 Deferred tax assets (liabilities), net. See details »

2 LIFO reserve. See details »


Adjustments to Capitalization Table

Thermo Fisher Scientific Inc., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Short-term obligations and current maturities of long-term obligations
Long-term obligations, excluding current maturities
Total reported debt
Shareholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities (classified in Other accrued expenses)2
Add: Long-term operating lease liabilities (classified in Other long-term liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Deferred tax assets (liabilities), net4
Add: Allowance for doubtful accounts
Add: LIFO reserve5
Add: Standard product warranty obligations
Add: Accrued restructuring costs
Adjusted shareholders’ equity
After Adjustment
Adjusted total capital

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities (classified in Other accrued expenses). See details »

3 Long-term operating lease liabilities (classified in Other long-term liabilities). See details »

4 Deferred tax assets (liabilities), net. See details »

5 LIFO reserve. See details »


Adjustments to Reported Income

Thermo Fisher Scientific Inc., adjusted net income

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Net income
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for doubtful accounts
Add: Increase (decrease) in LIFO reserve2
Add: Increase (decrease) in standard product warranty obligations
Add: Increase (decrease) in accrued restructuring costs
Less: Loss from discontinued operations, net of income tax
Add: Other comprehensive items
After Adjustment
Adjusted net income

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).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »