Overview Financials News + Filings IR Vault Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues | | | | | | | | |
| Revenues | 44,915.0 | 39,211.0 | 32,218.0 | 25,542.0 | 24,358.0 | 20,918.0 | 18,274.0 | 16,965.0 |
| Revenues growth | 14.5% | 21.7% | 26.1% | 4.9% | 16.4% | 14.5% | 7.7% | 0.4% |
| Costs and operating expenses: | | | | | | | | |
| Cost of revenues | | | | | | | | |
| Selling, general and administrative expenses | 8,993.0 | 8,007.0 | 6,930.0 | 6,144.0 | 6,057.0 | 5,504.0 | 4,971.0 | 4,612.0 |
| Research and development expenses | 1,471.0 | 1,406.0 | 1,181.0 | 1,003.0 | 967.0 | 887.0 | 754.0 | 692.0 |
| Restructuring and other costs | 114.0 | 197.0 | 99.0 | -413.0 | 50.0 | | | 116.0 |
| Total costs and operating expenses | 36,522.0 | 29,183.0 | 24,424.0 | 20,948.0 | 20,575.0 | 17,958.0 | 15,816.0 | 14,629.0 |
| Operating income | 8,393.0 | 10,028.0 | 7,794.0 | 4,594.0 | 3,783.0 | 2,960.0 | 2,458.0 | 2,336.0 |
| Operating margin | 18.7% | 25.6% | 24.2% | 18.0% | 15.5% | 14.2% | 13.5% | 13.8% |
| Interest income | 272.0 | 43.0 | 65.0 | 224.0 | 137.0 | 81.0 | | |
| Interest expense | -726.0 | -536.0 | -553.0 | -676.0 | -667.0 | -592.0 | | |
| Other income/(expense) | -104.0 | -694.0 | -76.0 | -70.0 | 9.0 | -20.0 | | |
| Provision for income taxes | -703.0 | -1,109.0 | -850.0 | -374.0 | -324.0 | -201.0 | 1.0 | 44.0 |
| Net income attributable to Thermo Fisher Scientific Inc. | 6,950.0 | 7,725.0 | 6,375.0 | 3,696.0 | 2,938.0 | 2,225.0 | 2,022.0 | 1,975.0 |
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| Earnings per share attributable to Thermo Fisher Scientific Inc. | | | | | | | | |
| Basic (in dollars per share) | $17.75 | $19.62 | $16.09 | $9.24 | $7.31 | $5.64 | $5.12 | $4.96 |
| Diluted (in dollars per share) | $17.63 | $19.46 | $15.96 | $9.17 | $7.24 | $5.59 | $5.09 | $4.92 |
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| Weighted average shares | | | | | | | | |
| Basic (in shares) | 392.0 | 394.0 | 396.0 | 400.0 | 402.0 | 395.0 | 395.0 | 399.0 |
| Diluted (in shares) | 394.0 | 397.0 | 399.0 | 403.0 | 406.0 | 398.0 | 397.0 | 402.0 |
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