# THERMO FISHER SCIENTIFIC INC. (TMO) FY2024 Annual P&L / Income Statement

- Company: THERMO FISHER SCIENTIFIC INC. (TMO)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-20, accession number 0000097745-25-000010
- Page: https://plicit.ai/financials/tmo/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/tmo-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 42,879,000,000 US dollars
- **Cost of revenue (calculated)**: 25,177,000,000 US dollars
- **Gross profit (calculated)**: 17,702,000,000 US dollars
- **Operating expenses (calculated)**: 10,365,000,000 US dollars
- **Operating income**: 7,337,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 300,000,000 US dollars
- **Income before income taxes**: 7,037,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 657,000,000 US dollars
- **Net income**: 6,338,000,000 US dollars
- **Consumables**: 17,587,000,000 US dollars
- **Instruments**: 7,446,000,000 US dollars
- **Services**: 17,845,000,000 US dollars
- **Undisclosed (calculated)**: 1,000,000 US dollars
- **Cost of revenues**: 25,177,000,000 US dollars
- **Selling, general and administrative expenses**: 8,595,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,390,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 379,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 42,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.34 B; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Geography (4 categories)

- Page: https://plicit.ai/financials/tmo/fy2024-annual-income-statement/revenue-by-geography-4-categories
- Chart image: https://plicit.ai/charts/tmo-fy2024-annual-revenue-by-geography-4-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 42,879,000,000 US dollars
- **Cost of revenue (calculated)**: 25,177,000,000 US dollars
- **Gross profit (calculated)**: 17,702,000,000 US dollars
- **Operating expenses (calculated)**: 10,365,000,000 US dollars
- **Operating income**: 7,337,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 300,000,000 US dollars
- **Income before income taxes**: 7,037,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 657,000,000 US dollars
- **Net income**: 6,338,000,000 US dollars
- **North America**: 22,504,000,000 US dollars
- **Europe**: 10,857,000,000 US dollars
- **Asia-Pacific**: 7,956,000,000 US dollars
- **Other regions**: 1,561,000,000 US dollars
- **Undisclosed (calculated)**: 1,000,000 US dollars
- **Cost of revenues**: 25,177,000,000 US dollars
- **Selling, general and administrative expenses**: 8,595,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,390,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 379,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 42,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.34 B; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/tmo/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/tmo-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 42,879,000,000 US dollars
- **Cost of revenue (calculated)**: 25,177,000,000 US dollars
- **Gross profit (calculated)**: 17,702,000,000 US dollars
- **Operating expenses (calculated)**: 10,365,000,000 US dollars
- **Operating income**: 7,337,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 300,000,000 US dollars
- **Income before income taxes**: 7,037,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 657,000,000 US dollars
- **Net income**: 6,338,000,000 US dollars
- **Life Sciences Solutions**: 8,160,000,000 US dollars
- **Analytical Instruments**: 7,267,000,000 US dollars
- **Specialty Diagnostics**: 4,449,000,000 US dollars
- **Laboratory Products and Biopharma Services**: 23,002,000,000 US dollars
- **Undisclosed (calculated)**: 1,000,000 US dollars
- **Cost of revenues**: 25,177,000,000 US dollars
- **Selling, general and administrative expenses**: 8,595,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,390,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 379,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 42,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.34 B; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2024-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2024-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenues**: 42,879,000,000 US dollars
- **Cost of revenue (calculated)**: 25,177,000,000 US dollars
- **Gross profit (calculated)**: 17,702,000,000 US dollars
- **Operating expenses (calculated)**: 10,365,000,000 US dollars
- **Operating income**: 7,337,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 300,000,000 US dollars
- **Income before income taxes**: 7,037,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 657,000,000 US dollars
- **Net income**: 6,338,000,000 US dollars
- **Product revenues revenue**: 25,034,000,000 US dollars
- **Service revenues revenue**: 17,845,000,000 US dollars
- **Product revenues cost of revenue**: 12,523,000,000 US dollars
- **Service revenues cost of revenue**: 12,654,000,000 US dollars
- **Selling, general and administrative expenses**: 8,595,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,390,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 379,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 42,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.34 B; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2024-annual-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2024-annual-revenue-by-geography-2-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 42,879,000,000 US dollars
- **Cost of revenue (calculated)**: 25,177,000,000 US dollars
- **Gross profit (calculated)**: 17,702,000,000 US dollars
- **Operating expenses (calculated)**: 10,365,000,000 US dollars
- **Operating income**: 7,337,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 300,000,000 US dollars
- **Income before income taxes**: 7,037,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 657,000,000 US dollars
- **Net income**: 6,338,000,000 US dollars
- **UNITED STATES**: 21,755,000,000 US dollars
- **Other**: 21,124,000,000 US dollars
- **Cost of revenues**: 25,177,000,000 US dollars
- **Selling, general and administrative expenses**: 8,595,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,390,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 379,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 42,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.34 B; to noncontrolling interests: $3.00 M.