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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 29, 2019 10-K (Filed: Feb 18, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 15,119 | 15,297 | 1,300 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 7,009 | 6,929 | 5,642 |
| Stock based compensation | 977 | 978 | 962 |
| Asset write-downs | 1,096 | 1,258 | 795 |
| Gain on sale of assets/businesses | (2,154) | (1,217) | (1,307) |
| Deferred tax provision | (2,476) | (1,016) | 2,406 |
| Accounts receivable allowances | (20) | (31) | 17 |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (289) | (1,185) | (633) |
| (Increase)/Decrease in inventories | (277) | (644) | 581 |
| Increase in accounts payable and accrued liabilities | 4,060 | 3,951 | 2,725 |
| Increase in other current and non-current assets | (1,054) | (275) | (411) |
| Increase/(Decrease) in other current and non-current liabilities | 1,425 | (1,844) | 8,979 |
| Net cash flows from operating activities | 23,416 | 22,201 | 21,056 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,498) | (3,670) | (3,279) |
| Proceeds from the disposal of assets/businesses, net | 3,265 | 3,203 | 1,832 |
| Acquisitions, net of cash acquired (Note 20) | (5,810) | (899) | (35,151) |
| Purchases of investments | (3,920) | (5,626) | (6,153) |
| Sales of investments | 3,387 | 4,289 | 28,117 |
| Proceeds from credit support agreements | 338 | 0 | 0 |
| Other | 44 | (464) | (234) |
| Net cash used by investing activities | (6,194) | (3,167) | (14,868) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (9,917) | (9,494) | (8,943) |
| Repurchase of common stock | (6,746) | (5,868) | (6,358) |
| Proceeds from short-term debt | 39 | 80 | 869 |
| Repayment of short-term debt | (100) | (2,479) | (1,330) |
| Proceeds from long-term debt, net of issuance costs | 3 | 5 | 8,992 |
| Repayment of long-term debt | (2,823) | (1,555) | (1,777) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 954 | 949 | 1,062 |
| Other | 575 | (148) | (188) |
| Net cash used by financing activities | (18,015) | (18,510) | (7,673) |
| Effect of exchange rate changes on cash and cash equivalents | (9) | (241) | 337 |
| (Decrease)/Increase in cash and cash equivalents | (802) | 283 | (1,148) |
| Cash and cash equivalents, beginning of year (Note 1) | 18,107 | 17,824 | |
| Cash and cash equivalents, end of year (Note 1) | 17,305 | 18,107 | 17,824 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | 995 | 1,049 | 960 |
| Interest, net of amount capitalized | 925 | 963 | 866 |
| Income taxes | 4,191 | 4,570 | 3,312 |
| 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 | 1,736 | 2,095 | 2,062 |
| Conversion of debt | 1 | 6 | 16 |
| Acquisitions | |||
| Fair value of assets acquired | 7,228 | 1,047 | 36,937 |
| Fair value of liabilities assumed and noncontrolling interests | (1,418) | (148) | (1,786) |
| Net cash paid for acquisitions (Note 20) | 5,810 | 899 | 35,151 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2019 | |
| 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 |