JNJ FY 2010 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$61.6B	—	$61.9B	—	-0.5%
Op. Income	$16.5B	—	$16.7B	—	-0.8%
Gross Margin	69.5%	—	70.2%	—	-0.7pp
Net Margin	21.7%	—	19.8%	—	1.8pp
EPS (Diluted)	$4.78	—	$4.40	—	8.6%
Free Cash Flow	$14.0B	—	$14.2B	—	-1.4%

Revenue Flow

Item	Amount
REVENUE	$61.6B
Cost of Revenue	$18.8B
GROSS PROFIT	$42.8B
R&D Expenses	$6.8B
Selling & Marketing	$0
General & Administrative	$19.4B
SG&A Expenses	$19.4B
Other Expenses	$0
Operating Expenses	$26.3B
Cost & Expenses	$45.1B
OPERATING INCOME	$16.5B
Interest Income	$107M
Interest Expense	$455M
Other Income/Expenses	$420M
INCOME BEFORE TAX	$16.9B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$13.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.3B
D&A	$2.9B
EBIT	$17.4B
EBITDA	$20.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$61.6B
Cost of Revenue	$18.8B
GROSS PROFIT	$42.8B
R&D Expenses	$6.8B
Selling & Marketing	$0
General & Administrative	$19.4B
SG&A Expenses	$19.4B
Other Expenses	$0
Operating Expenses	$26.3B
Cost & Expenses	$45.1B
OPERATING INCOME	$16.5B
Interest Income	$107M
Interest Expense	$455M
Other Income/Expenses	$420M
INCOME BEFORE TAX	$16.9B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$13.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.3B
D&A	$2.9B
EBIT	$17.4B
EBITDA	$20.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$13.3B
Depreciation & Amortization	$2.9B
Stock-Based Compensation	$614M
Deferred Income Tax	$356M
Other Non-Cash Items	$12M
Change in Working Capital	-$870M
OPERATING CASH FLOW	$16.4B
Capital Expenditure	-$2.4B
Acquisitions (Net)	-$1.3B
Purchases of Investments	-$15.8B
Sales/Maturities of Investments	$11.1B
Other Investing Activities	$486M
NET CASH FROM INVESTING	-$7.9B
Net Debt Issuance	$2.4B
Common Stock Repurchased	-$2.8B
Common Dividends Paid	-$5.8B
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	-$5.0B
FREE CASH FLOW	$14.0B
Net Change in Cash	$3.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$19.4B
Short-Term Investments	$8.3B
Net Receivables	$9.8B
Inventory	$5.4B
Other Current Assets	$2.2B
TOTAL CURRENT ASSETS	$47.3B
PP&E (Net)	$14.6B
Goodwill	$15.3B
Intangible Assets	$16.7B
Long-Term Investments	$0
Tax Assets	$5.1B
Other Non-Current Assets	$3.9B
TOTAL NON-CURRENT ASSETS	$55.6B
TOTAL ASSETS	$102.9B
Account Payables	$5.6B
Short-Term Debt	$7.6B
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$23.1B
Long-Term Debt	$9.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$12.7B
TOTAL NON-CURRENT LIABILITIES	$23.3B
TOTAL LIABILITIES	$46.3B
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	$77.8B
Treasury Stock	-$20.8B
Accum. Other Comp. Income	-$3.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$56.6B
Minority Interest	$0
TOTAL EQUITY	$56.6B
TOTAL LIABILITIES & EQUITY	$102.9B
Total Debt	$16.8B
Net Debt	-$2.6B