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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 1, 2023 10-K (Filed: Feb 16, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 1, 2023 | Jan 2, 2022 | Jan 3, 2021 | |
| Cash flows from operating activities | |||
| Net earnings | $ 17,941 | 20,878 | 14,714 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 6,970 | 7,390 | 7,231 |
| Stock based compensation | 1,138 | 1,135 | 1,005 |
| Asset write-downs | 1,216 | 989 | 233 |
| Contingent consideration reversal | 0 | 0 | (1,148) |
| Net gain on sale of assets/businesses | (380) | (617) | (111) |
| Deferred tax provision | (1,663) | (2,079) | (1,141) |
| Credit losses and accounts receivable allowances | (17) | (48) | 63 |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| (Increase)/Decrease in accounts receivable | (1,290) | (2,402) | 774 |
| Increase in inventories | (2,527) | (1,248) | (265) |
| Increase in accounts payable and accrued liabilities | 1,098 | 2,437 | 5,141 |
| Decrease/(Increase) in other current and non-current assets | 687 | (1,964) | (3,704) |
| (Decrease)/Increase in other current and non-current liabilities | (1,979) | (1,061) | 744 |
| Net cash flows from operating activities | 21,194 | 23,410 | 23,536 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (4,009) | (3,652) | (3,347) |
| Proceeds from the disposal of assets/businesses, net | 543 | 711 | 305 |
| Acquisitions, net of cash acquired (Note 18) | (17,652) | (60) | (7,323) |
| Purchases of investments | (32,384) | (30,394) | (21,089) |
| Sales of investments | 41,609 | 25,006 | 12,137 |
| Credit support agreements activity, net | (249) | 214 | (987) |
| Other (primarily licenses and milestones) | (229) | (508) | (521) |
| Net cash used by investing activities | (12,371) | (8,683) | (20,825) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (11,682) | (11,032) | (10,481) |
| Repurchase of common stock | (6,035) | (3,456) | (3,221) |
| Proceeds from short-term debt | 16,134 | 1,997 | 3,391 |
| Repayment of short-term debt | (6,550) | (1,190) | (2,663) |
| Proceeds from long-term debt, net of issuance costs | 2 | 5 | 7,431 |
| Repayment of long-term debt | (2,134) | (1,802) | (1,064) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 1,329 | 1,036 | 1,114 |
| Credit support agreements activity, net | (28) | 281 | (333) |
| Other | 93 | 114 | (294) |
| Net cash used by financing activities | (8,871) | (14,047) | (6,120) |
| Effect of exchange rate changes on cash and cash equivalents | (312) | (178) | 89 |
| (Decrease)/Increase in cash and cash equivalents | (360) | 502 | (3,320) |
| Cash and cash equivalents, beginning of year (Note 1) | 14,487 | 13,985 | |
| Cash and cash equivalents, end of year (Note 1) | 14,127 | 14,487 | 13,985 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | 982 | 990 | 904 |
| Interest, net of amount capitalized | 933 | 941 | 841 |
| Income taxes | 5,223 | 4,768 | 4,619 |
| 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 | 2,114 | 1,811 | 1,937 |
| Conversion of debt | 0 | 0 | 27 |
| Acquisitions | |||
| Fair value of assets acquired | 18,710 | 61 | 7,755 |
| Fair value of liabilities assumed | (1,058) | (1) | (432) |
| Net cash paid for acquisitions (Note 18) | 17,652 | 60 | 7,323 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2022 | |
| 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 |