JNJ FY 2014 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$74.3B	—	$71.3B	—	4.2%
Op. Income	$21.1B	—	$19.0B	—	11.5%
Gross Margin	69.4%	—	68.7%	—	0.7pp
Net Margin	22.0%	—	19.4%	—	2.6pp
EPS (Diluted)	$5.70	—	$4.81	—	18.5%
Free Cash Flow	$14.8B	—	$13.8B	—	6.8%

Revenue Flow

Item	Amount
REVENUE	$74.3B
Cost of Revenue	$22.7B
GROSS PROFIT	$51.6B
R&D Expenses	$8.5B
Selling & Marketing	$0
General & Administrative	$22.0B
SG&A Expenses	$22.0B
Other Expenses	$0
Operating Expenses	$30.4B
Cost & Expenses	$53.2B
OPERATING INCOME	$21.1B
Interest Income	$67M
Interest Expense	$533M
Other Income/Expenses	-$574M
INCOME BEFORE TAX	$20.6B
Income Tax Expense	$4.2B
Net Income from Continuing Ops	$16.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16.3B
D&A	$3.9B
EBIT	$21.1B
EBITDA	$25.0B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$74.3B
Cost of Revenue	$22.7B
GROSS PROFIT	$51.6B
R&D Expenses	$8.5B
Selling & Marketing	$0
General & Administrative	$22.0B
SG&A Expenses	$22.0B
Other Expenses	$0
Operating Expenses	$30.4B
Cost & Expenses	$53.2B
OPERATING INCOME	$21.1B
Interest Income	$67M
Interest Expense	$533M
Other Income/Expenses	-$574M
INCOME BEFORE TAX	$20.6B
Income Tax Expense	$4.2B
Net Income from Continuing Ops	$16.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16.3B
D&A	$3.9B
EBIT	$21.1B
EBITDA	$25.0B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$16.3B
Depreciation & Amortization	$3.9B
Stock-Based Compensation	$792M
Deferred Income Tax	$441M
Other Non-Cash Items	-$1.9B
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$18.5B
Capital Expenditure	-$3.7B
Acquisitions (Net)	-$2.1B
Purchases of Investments	-$34.9B
Sales/Maturities of Investments	$24.1B
Other Investing Activities	$4.3B
NET CASH FROM INVESTING	-$12.3B
Net Debt Issuance	$850M
Common Stock Repurchased	-$7.1B
Common Dividends Paid	-$7.8B
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	-$12.3B
FREE CASH FLOW	$14.8B
Net Change in Cash	-$6.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.5B
Short-Term Investments	$18.6B
Net Receivables	$11.0B
Inventory	$8.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$59.3B
PP&E (Net)	$16.1B
Goodwill	$21.8B
Intangible Assets	$27.2B
Long-Term Investments	$0
Tax Assets	$3.4B
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$71.8B
TOTAL ASSETS	$130.4B
Account Payables	$7.6B
Short-Term Debt	$3.6B
Deferred Revenue	$0
Other Current Liabilities	$11.1B
TOTAL CURRENT LIABILITIES	$25.1B
Long-Term Debt	$15.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.2B
Other Non-Current Liabilities	$18.7B
TOTAL NON-CURRENT LIABILITIES	$36.3B
TOTAL LIABILITIES	$61.4B
Common Stock	$3.1B
Additional Paid-In Capital	$97.2B
Retained Earnings	$97.2B
Treasury Stock	-$19.9B
Accum. Other Comp. Income	-$10.7B
Other Equity	-$97.2B
TOTAL STOCKHOLDERS' EQUITY	$69.8B
Minority Interest	$0
TOTAL EQUITY	$0
TOTAL LIABILITIES & EQUITY	$131.1B
Total Debt	$18.8B
Net Debt	$4.2B