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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 2, 2022 10-K (Filed: Feb 17, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 2, 2022 | Jan 3, 2021 | Dec 29, 2019 | |
| Cash flows from operating activities | |||
| Net earnings | $ 20,878 | 14,714 | 15,119 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 7,390 | 7,231 | 7,009 |
| Stock based compensation | 1,135 | 1,005 | 977 |
| Asset write-downs | 989 | 233 | 1,096 |
| Contingent consideration reversal | 0 | (1,148) | 0 |
| Net gain on sale of assets/businesses | (617) | (111) | (2,154) |
| Deferred tax provision | (2,079) | (1,141) | (2,476) |
| Credit losses and accounts receivable allowances | (48) | 63 | (20) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| (Increase)/Decrease in accounts receivable | (2,402) | 774 | (289) |
| Increase in inventories | (1,248) | (265) | (277) |
| Increase in accounts payable and accrued liabilities | 2,437 | 5,141 | 4,060 |
| Increase in other current and non-current assets | (1,964) | (3,704) | (1,054) |
| (Decrease)/Increase in other current and non-current liabilities | (1,061) | 744 | 1,425 |
| Net cash flows from operating activities | 23,410 | 23,536 | 23,416 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,652) | (3,347) | (3,498) |
| Proceeds from the disposal of assets/businesses, net | 711 | 305 | 3,265 |
| Acquisitions, net of cash acquired (Note 18) | (60) | (7,323) | (5,810) |
| Purchases of investments | (30,394) | (21,089) | (3,920) |
| Sales of investments | 25,006 | 12,137 | 3,387 |
| Credit support agreements activity, net | 214 | (987) | 338 |
| Other (primarily licenses and milestones) | (508) | (521) | 44 |
| Net cash used by investing activities | (8,683) | (20,825) | (6,194) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (11,032) | (10,481) | (9,917) |
| Repurchase of common stock | (3,456) | (3,221) | (6,746) |
| Proceeds from short-term debt | 1,997 | 3,391 | 39 |
| Repayment of short-term debt | (1,190) | (2,663) | (100) |
| Proceeds from long-term debt, net of issuance costs | 5 | 7,431 | 3 |
| Repayment of long-term debt | (1,802) | (1,064) | (2,823) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 1,036 | 1,114 | 954 |
| Credit support agreements activity, net | 281 | (333) | 100 |
| Other | 114 | (294) | 475 |
| Net cash used by financing activities | (14,047) | (6,120) | (18,015) |
| Effect of exchange rate changes on cash and cash equivalents | (178) | 89 | (9) |
| Increase/(Decrease) in cash and cash equivalents | 502 | (3,320) | (802) |
| Cash and cash equivalents, beginning of year (Note 1) | 13,985 | 17,305 | |
| Cash and cash equivalents, end of year (Note 1) | 14,487 | 13,985 | 17,305 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | 990 | 904 | 995 |
| Interest, net of amount capitalized | 941 | 841 | 925 |
| Income taxes | 4,768 | 4,619 | 4,191 |
| 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 | 1,811 | 1,937 | 1,736 |
| Conversion of debt | 0 | 27 | 1 |
| Acquisitions | |||
| Fair value of assets acquired | 61 | 7,755 | 7,228 |
| Fair value of liabilities assumed and noncontrolling interests | (1) | (432) | (1,418) |
| Net cash paid for acquisitions (Note 18) | 60 | 7,323 | 5,810 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2021 | |
| 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 |