JNJ FY 2020 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$82.6B	—	$82.1B	—	0.6%
Op. Income	$19.7B	—	$21.0B	—	-5.9%
Gross Margin	65.6%	—	66.4%	—	-0.8pp
Net Margin	17.8%	—	18.4%	—	-0.6pp
EPS (Diluted)	$5.51	—	$5.63	—	-2.1%
Free Cash Flow	$20.2B	—	$19.9B	—	1.4%

Revenue Flow

Item	Amount
REVENUE	$82.6B
Cost of Revenue	$28.4B
GROSS PROFIT	$54.2B
R&D Expenses	$12.3B
Selling & Marketing	$0
General & Administrative	$22.1B
SG&A Expenses	$22.1B
Other Expenses	$0
Operating Expenses	$34.4B
Cost & Expenses	$62.9B
OPERATING INCOME	$19.7B
Interest Income	$111M
Interest Expense	$201M
Other Income/Expenses	-$3.2B
INCOME BEFORE TAX	$16.5B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$14.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.7B
D&A	$7.2B
EBIT	$16.7B
EBITDA	$23.9B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$82.6B
Cost of Revenue	$28.4B
GROSS PROFIT	$54.2B
R&D Expenses	$12.3B
Selling & Marketing	$0
General & Administrative	$22.1B
SG&A Expenses	$22.1B
Other Expenses	$0
Operating Expenses	$34.4B
Cost & Expenses	$62.9B
OPERATING INCOME	$19.7B
Interest Income	$111M
Interest Expense	$201M
Other Income/Expenses	-$3.2B
INCOME BEFORE TAX	$16.5B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$14.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.7B
D&A	$7.2B
EBIT	$16.7B
EBITDA	$23.9B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$14.7B
Depreciation & Amortization	$7.2B
Stock-Based Compensation	$1.0B
Deferred Income Tax	-$1.1B
Other Non-Cash Items	-$963M
Change in Working Capital	$2.7B
OPERATING CASH FLOW	$23.5B
Capital Expenditure	-$3.3B
Acquisitions (Net)	-$7.3B
Purchases of Investments	-$21.1B
Sales/Maturities of Investments	$12.1B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$20.8B
Net Debt Issuance	$7.1B
Common Stock Repurchased	-$3.2B
Common Dividends Paid	-$10.5B
Other Financing Activities	$487M
NET CASH FROM FINANCING	-$6.1B
FREE CASH FLOW	$20.2B
Net Change in Cash	-$3.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.0B
Short-Term Investments	$11.2B
Net Receivables	$13.6B
Inventory	$9.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$51.2B
PP&E (Net)	$18.8B
Goodwill	$36.4B
Intangible Assets	$53.4B
Long-Term Investments	$0
Tax Assets	$8.5B
Other Non-Current Assets	$6.6B
TOTAL NON-CURRENT ASSETS	$123.7B
TOTAL ASSETS	$174.9B
Account Payables	$9.5B
Short-Term Debt	$2.6B
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$42.5B
Long-Term Debt	$32.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.2B
Other Non-Current Liabilities	$29.3B
TOTAL NON-CURRENT LIABILITIES	$69.1B
TOTAL LIABILITIES	$111.6B
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	$113.9B
Treasury Stock	-$38.5B
Accum. Other Comp. Income	-$15.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$63.3B
Minority Interest	$0
TOTAL EQUITY	$63.3B
TOTAL LIABILITIES & EQUITY	$174.9B
Total Debt	$35.3B
Net Debt	$21.3B