THERMO FISHER SCIENTIFIC INC.
For the period ended Sep 26, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 26, 2026 · Filed Oct 30, 2026
TMO$718.20-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine months ended | ||
|---|---|---|
| September 26, | September 27, | |
| (In millions) | 2026 | 2025 |
| Operating activities | ||
| Net income | $5,124 | $4,751 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation of property, plant and equipment | 945 | 758 |
| Amortization of acquisition-related intangible assets | 1,433 | 1,294 |
| Change in deferred income taxes | (676) | (728) |
| Stock-based compensation | 261 | 226 |
| Other net non-cash expenses | 360 | 315 |
| Changes in assets and liabilities, excluding the effects of acquisitions | (1,580) | (2,255) |
| Net cash provided by operating activities | 5,867 | 4,361 |
| Investing activities | ||
| Purchases of property, plant and equipment | (1,263) | (1,060) |
| Proceeds from sale of property, plant and equipment | 14 | 17 |
| Proceeds from cross-currency interest rate swap interest settlements | 284 | 218 |
| Acquisitions, net of cash acquired | (8,877) | (4,037) |
| Proceeds from sale of business, net of cash divested | 1,021 | — |
| Purchases of investments | (668) | (351) |
| Proceeds from sales and maturities of investments | 253 | 254 |
| Net proceeds from terminations of cross-currency interest rate swaps | 388 | — |
| Other investing activities, net | (26) | 20 |
| Net cash used in investing activities | (8,874) | (4,938) |
| Financing activities | ||
| Net proceeds from issuance of debt | 5,238 | 2,840 |
| Repayment of debt | (2,519) | (1,625) |
| Proceeds from issuance of commercial paper | 389 | 1,095 |
| Repayments of commercial paper | (389) | (597) |
| Purchases of company common stock | (4,000) | (2,963) |
| Dividends paid | (511) | (474) |
| Other financing activities, net | 251 | (1) |
| Net cash used in financing activities | (1,541) | (1,725) |
| Exchange rate effect on cash | 164 | 273 |
| Increase/(decrease) in cash, cash equivalents and restricted cash | (4,384) | (2,029) |
| Cash, cash equivalents and restricted cash at beginning of period | 9,879 | 4,040 |
| Cash, cash equivalents and restricted cash at end of period | $5,494 | $2,011 |
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