JNJ FY 2006 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2006 Earnings

Reported February 21, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$53.3B	—	—	—	—
Op. Income	$13.7B	—	—	—	—
Gross Margin	71.8%	—	—	—	—
Net Margin	20.7%	—	—	—	—
EPS (Diluted)	$3.73	—	—	—	—
Free Cash Flow	$11.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$53.3B
Cost of Revenue	$15.1B
GROSS PROFIT	$38.3B
R&D Expenses	$7.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$17.4B
Other Expenses	$0
Operating Expenses	$24.6B
Cost & Expenses	$39.6B
OPERATING INCOME	$13.7B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$878M
INCOME BEFORE TAX	$14.6B
Income Tax Expense	$3.5B
Net Income from Continuing Ops	$11.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.1B
D&A	$2.2B
EBIT	$13.7B
EBITDA	$15.9B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$53.3B
Cost of Revenue	$15.1B
GROSS PROFIT	$38.3B
R&D Expenses	$7.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$17.4B
Other Expenses	$0
Operating Expenses	$24.6B
Cost & Expenses	$39.6B
OPERATING INCOME	$13.7B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$878M
INCOME BEFORE TAX	$14.6B
Income Tax Expense	$3.5B
Net Income from Continuing Ops	$11.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.1B
D&A	$2.2B
EBIT	$13.7B
EBITDA	$15.9B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$11.1B
Depreciation & Amortization	$2.2B
Stock-Based Compensation	$0
Deferred Income Tax	-$1.2B
Other Non-Cash Items	$1.2B
Change in Working Capital	$982M
OPERATING CASH FLOW	$14.2B
Capital Expenditure	-$2.7B
Acquisitions (Net)	-$18.0B
Purchases of Investments	-$467M
Sales/Maturities of Investments	$426M
Other Investing Activities	$511M
NET CASH FROM INVESTING	-$20.3B
Net Debt Issuance	$3.7B
Common Stock Repurchased	-$6.7B
Common Dividends Paid	-$4.3B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$6.1B
FREE CASH FLOW	$11.5B
Net Change in Cash	-$12.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.1B
Short-Term Investments	$1M
Net Receivables	$8.7B
Inventory	$4.9B
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$23.0B
PP&E (Net)	$13.0B
Goodwill	$13.3B
Intangible Assets	$15.3B
Long-Term Investments	$0
Tax Assets	$3.2B
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$47.6B
TOTAL ASSETS	$70.6B
Account Payables	$5.7B
Short-Term Debt	$4.6B
Deferred Revenue	$0
Other Current Liabilities	$7.5B
TOTAL CURRENT LIABILITIES	$19.2B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$8.7B
TOTAL NON-CURRENT LIABILITIES	$12.1B
TOTAL LIABILITIES	$31.2B
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	$49.3B
Treasury Stock	-$11.0B
Accum. Other Comp. Income	-$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$39.3B
Minority Interest	$0
TOTAL EQUITY	$39.3B
TOTAL LIABILITIES & EQUITY	$70.6B
Total Debt	$6.6B
Net Debt	$2.5B