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

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

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.