10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Jan 1, 2017 | Jan 3, 2016 | |
| Net earnings | $ 1,300 | 16,540 | 15,409 |
| Cash flows from operating activities | |||
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 5,642 | 3,754 | 3,746 |
| Stock based compensation | 962 | 878 | 874 |
| Venezuela adjustments | 0 | 0 | 122 |
| Asset write-downs | 795 | 283 | 624 |
| Net gain on sale of assets/businesses | (1,307) | (563) | (2,583) |
| Deferred tax provision | 2,406 | (341) | (270) |
| Accounts receivable allowances | 17 | (11) | 18 |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (633) | (1,065) | (433) |
| Decrease/(Increase) in inventories | 581 | (249) | (449) |
| Increase in accounts payable and accrued liabilities | 2,725 | 656 | 287 |
| Increase in other current and non-current assets | (411) | (529) | (103) |
| Increase/(Decrease) in other current and non-current liabilities | 8,979 | (586) | 2,327 |
| Net cash flows from operating activities | 21,056 | 18,767 | 19,569 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,279) | (3,226) | (3,463) |
| Proceeds from the disposal of assets/businesses, net | 1,832 | 1,267 | 3,464 |
| Acquisitions, net of cash acquired (Note 20) | (35,151) | (4,509) | (954) |
| Purchases of investments | (6,153) | (33,950) | (40,828) |
| Sales of investments | 28,117 | 35,780 | 34,149 |
| Other (primarily intangibles) | (234) | (123) | (103) |
| Net cash used by investing activities | (14,868) | (4,761) | (7,735) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (8,943) | (8,621) | (8,173) |
| Repurchase of common stock | (6,358) | (8,979) | (5,290) |
| Proceeds from short-term debt | 869 | 111 | 2,416 |
| Retirement of short-term debt | (1,330) | (2,017) | (1,044) |
| Proceeds from long-term debt, net of issuance costs | 8,992 | 12,004 | 75 |
| Retirement of long-term debt | (1,777) | (2,223) | (68) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 1,062 | 1,189 | 1,005 |
| Other | (188) | (15) | (57) |
| Net cash used by financing activities | (7,673) | (8,551) | (11,136) |
| Effect of exchange rate changes on cash and cash equivalents | 337 | (215) | (1,489) |
| (Decrease)/Increase in cash and cash equivalents | (1,148) | 5,240 | (791) |
| Cash and cash equivalents, beginning of year (Note 1) | 18,972 | 13,732 | |
| Cash and cash equivalents, end of year (Note 1) | 17,824 | 18,972 | 13,732 |
| Supplemental cash flow data | |||
| Interest | 960 | 730 | 617 |
| Interest, net of amount capitalized | 866 | 628 | 515 |
| Income taxes | 3,312 | 2,843 | 2,865 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Treasury stock issued for employee compensation and stock option plans, net of cash proceeds/ employee withholding tax on stock awards | 2,062 | 2,043 | 1,486 |
| Conversion of debt | 16 | 35 | 16 |
| Acquisitions | |||
| Fair value of assets acquired | 36,937 | 4,586 | 1,174 |
| Fair value of liabilities assumed and noncontrolling interests | (1,786) | (77) | (220) |
| Net cash paid for acquisitions | 35,151 | 4,509 | 954 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2017 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |