JNJ FY 2015 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$70.1B	—	$74.3B	—	-5.7%
Op. Income	$18.3B	—	$21.1B	—	-13.5%
Gross Margin	69.3%	—	69.4%	—	-0.1pp
Net Margin	22.0%	—	22.0%	—	0.0pp
EPS (Diluted)	$5.48	—	$5.70	—	-3.9%
Free Cash Flow	$15.8B	—	$14.8B	—	7.2%

Revenue Flow

Item	Amount
REVENUE	$70.1B
Cost of Revenue	$21.5B
GROSS PROFIT	$48.5B
R&D Expenses	$9.0B
Selling & Marketing	$0
General & Administrative	$21.2B
SG&A Expenses	$21.2B
Other Expenses	$0
Operating Expenses	$30.2B
Cost & Expenses	$51.8B
OPERATING INCOME	$18.3B
Interest Income	$128M
Interest Expense	$552M
Other Income/Expenses	$907M
INCOME BEFORE TAX	$19.2B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$15.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15.4B
D&A	$3.7B
EBIT	$19.7B
EBITDA	$23.5B
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$70.1B
Cost of Revenue	$21.5B
GROSS PROFIT	$48.5B
R&D Expenses	$9.0B
Selling & Marketing	$0
General & Administrative	$21.2B
SG&A Expenses	$21.2B
Other Expenses	$0
Operating Expenses	$30.2B
Cost & Expenses	$51.8B
OPERATING INCOME	$18.3B
Interest Income	$128M
Interest Expense	$552M
Other Income/Expenses	$907M
INCOME BEFORE TAX	$19.2B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$15.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15.4B
D&A	$3.7B
EBIT	$19.7B
EBITDA	$23.5B
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$15.4B
Depreciation & Amortization	$3.7B
Stock-Based Compensation	$874M
Deferred Income Tax	-$270M
Other Non-Cash Items	-$1.8B
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$19.3B
Capital Expenditure	-$3.5B
Acquisitions (Net)	-$954M
Purchases of Investments	-$40.8B
Sales/Maturities of Investments	$34.1B
Other Investing Activities	$3.4B
NET CASH FROM INVESTING	-$7.7B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$5.3B
Common Dividends Paid	-$8.2B
Other Financing Activities	$948M
NET CASH FROM FINANCING	-$10.8B
FREE CASH FLOW	$15.8B
Net Change in Cash	-$791M

Balance Sheet

Item	Amount
Cash & Equivalents	$13.7B
Short-Term Investments	$24.6B
Net Receivables	$10.7B
Inventory	$8.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$60.2B
PP&E (Net)	$15.9B
Goodwill	$21.6B
Intangible Assets	$25.8B
Long-Term Investments	$0
Tax Assets	$5.5B
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$73.2B
TOTAL ASSETS	$133.4B
Account Payables	$6.7B
Short-Term Debt	$7.0B
Deferred Revenue	$0
Other Current Liabilities	$750M
TOTAL CURRENT LIABILITIES	$27.7B
Long-Term Debt	$12.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$19.1B
TOTAL NON-CURRENT LIABILITIES	$34.5B
TOTAL LIABILITIES	$62.3B
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	$103.9B
Treasury Stock	-$22.7B
Accum. Other Comp. Income	-$13.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$71.2B
Minority Interest	$0
TOTAL EQUITY	$71.2B
TOTAL LIABILITIES & EQUITY	$133.4B
Total Debt	$19.9B
Net Debt	$6.1B