Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Thermo Fisher Scientific Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Thermo Fisher Scientific Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Thermo Fisher Scientific Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03).
The cash flow profile is characterized by strong, though volatile, operating cash generation and a strategic deployment of capital toward large-scale acquisitions and shareholder returns. Operating activities consistently provide the primary source of liquidity, while investing and financing activities exhibit significant fluctuations corresponding to corporate development cycles.
- Operating Cash Flow Trends
- Net income remains relatively stable, generally fluctuating between 1.3 billion and 2.3 billion US dollars per quarter. However, net cash provided by operating activities shows higher volatility, with recurring peaks in the fourth calendar quarter of each year. For instance, operating cash flows reached 3.48 billion US dollars in December 2022 and 3.72 billion US dollars in December 2023. This pattern suggests a strong seasonal influence or year-end working capital optimizations. Significant quarterly dips are observed in the first quarter of several years, such as the 723 million US dollars recorded in March 2025.
- Investment and Acquisition Strategy
- Investing activities are dominated by an aggressive acquisition strategy. A massive capital outflow of 17.88 billion US dollars was recorded for acquisitions in December 2021, followed by other significant expenditures including 8.87 billion US dollars in September 2025 and 8.87 billion US dollars in March 2026. In contrast, capital expenditures for property, plant, and equipment are more consistent, typically ranging from 300 million to 600 million US dollars per quarter, reflecting steady maintenance and organic growth investments.
- Financing and Capital Structure
- The company utilizes a combination of debt issuance and operating cash to fund its expansion. Large debt issuances often coincide with major acquisitions, as seen in December 2021 with 15.02 billion US dollars in new debt. Debt repayment occurs periodically to manage leverage, with notable repayments of 8.93 billion US dollars in December 2021 and 3.78 billion US dollars in December 2023. The company also maintains a consistent policy of returning value to shareholders through dividends and share repurchases.
- Shareholder Returns
- Dividends exhibit a steady and incremental upward trend, rising from 87 million US dollars in April 2021 to 175 million US dollars by June 2026. Share repurchases are executed in larger, episodic blocks, frequently ranging between 1 billion and 3 billion US dollars per transaction, indicating a flexible approach to managing share count based on available liquidity.
Overall, the financial data indicates a mature organization that leverages its strong operational cash flow to sustain a cycle of inorganic growth through acquisitions, while simultaneously increasing dividend payouts and maintaining an active share buyback program.