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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 30, 2018 10-K (Filed: Feb 20, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 30, 2018 | Dec 31, 2017 | Jan 1, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 15,297 | 1,300 | 16,540 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 6,929 | 5,642 | 3,754 |
| Stock based compensation | 978 | 962 | 878 |
| Asset write-downs | 1,258 | 795 | 283 |
| Gain on sale of assets/businesses | (1,217) | (1,307) | (563) |
| Deferred tax provision | (1,016) | 2,406 | (341) |
| Accounts receivable allowances | (31) | 17 | (11) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (1,185) | (633) | (1,065) |
| (Increase)/Decrease in inventories | (644) | 581 | (249) |
| Increase in accounts payable and accrued liabilities | 3,951 | 2,725 | 656 |
| Increase in other current and non-current assets | (275) | (411) | (529) |
| (Decrease)/Increase in other current and non-current liabilities | (1,844) | 8,979 | (586) |
| Net cash flows from operating activities | 22,201 | 21,056 | 18,767 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,670) | (3,279) | (3,226) |
| Proceeds from the disposal of assets/businesses, net | 3,203 | 1,832 | 1,267 |
| Acquisitions, net of cash acquired (Note 20) | (899) | (35,151) | (4,509) |
| Purchases of investments | (5,626) | (6,153) | (33,950) |
| Sales of investments | 4,289 | 28,117 | 35,780 |
| Other (primarily intangibles) | (464) | (234) | (123) |
| Net cash used by investing activities | (3,167) | (14,868) | (4,761) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (9,494) | (8,943) | (8,621) |
| Repurchase of common stock | (5,868) | (6,358) | (8,979) |
| Proceeds from short-term debt | 80 | 869 | 111 |
| Retirement of short-term debt | (2,479) | (1,330) | (2,017) |
| Proceeds from long-term debt, net of issuance costs | 5 | 8,992 | 12,004 |
| Retirement of long-term debt | (1,555) | (1,777) | (2,223) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 949 | 1,062 | 1,189 |
| Other | (148) | (188) | (15) |
| Net cash used by financing activities | (18,510) | (7,673) | (8,551) |
| Effect of exchange rate changes on cash and cash equivalents | (241) | 337 | (215) |
| Increase/(Decrease) in cash and cash equivalents | 283 | (1,148) | 5,240 |
| Cash and cash equivalents, beginning of year (Note 1) | 17,824 | 18,972 | |
| Cash and cash equivalents, end of year (Note 1) | 18,107 | 17,824 | 18,972 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | 1,049 | 960 | 730 |
| Interest, net of amount capitalized | 963 | 866 | 628 |
| Income taxes | 4,570 | 3,312 | 2,843 |
| 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 | 2,095 | 2,062 | 2,043 |
| Conversion of debt | 6 | 16 | 35 |
| Acquisitions | |||
| Fair value of assets acquired | 1,047 | 36,937 | 4,586 |
| Fair value of liabilities assumed and noncontrolling interests | (148) | (1,786) | (77) |
| Net cash paid for acquisitions | 899 | 35,151 | 4,509 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2018 | |
| 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 |