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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 3, 2021 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 3, 2021 | Dec 29, 2019 | Dec 30, 2018 | |
| Cash flows from operating activities | |||
| Net earnings | $ 14,714 | 15,119 | 15,297 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 7,231 | 7,009 | 6,929 |
| Stock based compensation | 1,005 | 977 | 978 |
| Asset write-downs | 233 | 1,096 | 1,258 |
| Contingent consideration reversal | (1,148) | 0 | 0 |
| Net gain on sale of assets/businesses | (111) | (2,154) | (1,217) |
| Deferred tax provision | (1,141) | (2,476) | (1,016) |
| Credit losses and accounts receivable allowances | 63 | (20) | (31) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Decrease/(Increase) in accounts receivable | 774 | (289) | (1,185) |
| Increase in inventories | (265) | (277) | (644) |
| Increase in accounts payable and accrued liabilities | 5,141 | 4,060 | 3,951 |
| Increase in other current and non-current assets | (3,704) | (1,054) | (275) |
| Increase/(Decrease) in other current and non-current liabilities | 744 | 1,425 | (1,844) |
| Net cash flows from operating activities | 23,536 | 23,416 | 22,201 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,347) | (3,498) | (3,670) |
| Proceeds from the disposal of assets/businesses, net | 305 | 3,265 | 3,203 |
| Acquisitions, net of cash acquired (Note 18) | (7,323) | (5,810) | (899) |
| Purchases of investments | (21,089) | (3,920) | (5,626) |
| Sales of investments | 12,137 | 3,387 | 4,289 |
| Credit support agreements activity, net | (987) | 338 | 0 |
| Other (primarily licenses and milestones) | (521) | 44 | (464) |
| Net cash used by investing activities | (20,825) | (6,194) | (3,167) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (10,481) | (9,917) | (9,494) |
| Repurchase of common stock | (3,221) | (6,746) | (5,868) |
| Proceeds from short-term debt | 3,391 | 39 | 80 |
| Repayment of short-term debt | (2,663) | (100) | (2,479) |
| Proceeds from long-term debt, net of issuance costs | 7,431 | 3 | 5 |
| Repayment of long-term debt | (1,064) | (2,823) | (1,555) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 1,114 | 954 | 949 |
| Credit support agreements activity, net | (333) | 100 | 25 |
| Other | (294) | 475 | (173) |
| Net cash used by financing activities | (6,120) | (18,015) | (18,510) |
| Effect of exchange rate changes on cash and cash equivalents | 89 | (9) | (241) |
| (Decrease)/Increase in cash and cash equivalents | (3,320) | (802) | 283 |
| Cash and cash equivalents, beginning of year (Note 1) | 17,305 | 18,107 | |
| Cash and cash equivalents, end of year (Note 1) | 13,985 | 17,305 | 18,107 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | 904 | 995 | 1,049 |
| Interest, net of amount capitalized | 841 | 925 | 963 |
| Income taxes | 4,619 | 4,191 | 4,570 |
| 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 | 1,937 | 1,736 | 2,095 |
| Conversion of debt | 27 | 1 | 6 |
| Acquisitions | |||
| Fair value of assets acquired | 7,755 | 7,228 | 1,047 |
| Fair value of liabilities assumed and noncontrolling interests | (432) | (1,418) | (148) |
| Net cash paid for acquisitions (Note 18) | 7,323 | 5,810 | 899 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2020 | |
| 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 |