JNJ FY 2021 Earnings Report — Johnson & Johnson Revenue & Financial Results | Market Cap Arena

Johnson & JohnsonJNJ

FY 2021 Earnings

Reported February 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$78.7B	—	$82.6B	—	-4.7%
Op. Income	$20.9B	—	$19.7B	—	6.1%
Gross Margin	70.3%	—	65.6%	—	4.7pp
Net Margin	26.5%	—	17.8%	—	8.7pp
EPS (Diluted)	$7.81	—	$5.51	—	41.7%
Free Cash Flow	$19.8B	—	$20.2B	—	-2.1%

Revenue Flow

Item	Amount
REVENUE	$78.7B
Cost of Revenue	$23.4B
GROSS PROFIT	$55.3B
R&D Expenses	$14.3B
Selling & Marketing	$0
General & Administrative	$20.1B
SG&A Expenses	$20.1B
Other Expenses	$0
Operating Expenses	$34.4B
Cost & Expenses	$57.8B
OPERATING INCOME	$20.9B
Interest Income	$53M
Interest Expense	$183M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$19.2B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$17.8B
Net Income from Discontinued Ops	$3.1B
Other Adjustments	$0
NET INCOME	$20.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.9B
D&A	$7.4B
EBIT	$19.4B
EBITDA	$26.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$78.7B
Cost of Revenue	$23.4B
GROSS PROFIT	$55.3B
R&D Expenses	$14.3B
Selling & Marketing	$0
General & Administrative	$20.1B
SG&A Expenses	$20.1B
Other Expenses	$0
Operating Expenses	$34.4B
Cost & Expenses	$57.8B
OPERATING INCOME	$20.9B
Interest Income	$53M
Interest Expense	$183M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$19.2B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$17.8B
Net Income from Discontinued Ops	$3.1B
Other Adjustments	$0
NET INCOME	$20.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.9B
D&A	$7.4B
EBIT	$19.4B
EBITDA	$26.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$20.9B
Depreciation & Amortization	$7.4B
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$2.1B
Other Non-Cash Items	$324M
Change in Working Capital	-$4.2B
OPERATING CASH FLOW	$23.4B
Capital Expenditure	-$3.7B
Acquisitions (Net)	-$60M
Purchases of Investments	-$30.4B
Sales/Maturities of Investments	$25.0B
Other Investing Activities	$417M
NET CASH FROM INVESTING	-$8.7B
Net Debt Issuance	-$990M
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$11.0B
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	-$14.0B
FREE CASH FLOW	$19.8B
Net Change in Cash	$502M

Balance Sheet

Item	Amount
Cash & Equivalents	$14.5B
Short-Term Investments	$17.1B
Net Receivables	$19.0B
Inventory	$10.4B
Other Current Assets	-$3.7B
TOTAL CURRENT ASSETS	$61.0B
PP&E (Net)	$19.0B
Goodwill	$35.2B
Intangible Assets	$46.4B
Long-Term Investments	$0
Tax Assets	$10.2B
Other Non-Current Assets	$10.2B
TOTAL NON-CURRENT ASSETS	$121.0B
TOTAL ASSETS	$182.0B
Account Payables	$11.1B
Short-Term Debt	$3.8B
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$45.2B
Long-Term Debt	$30.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.5B
Other Non-Current Liabilities	$25.3B
TOTAL NON-CURRENT LIABILITIES	$62.8B
TOTAL LIABILITIES	$108.0B
Common Stock	$3.1B
Additional Paid-In Capital	$123.1B
Retained Earnings	$123.1B
Treasury Stock	-$39.1B
Accum. Other Comp. Income	-$13.1B
Other Equity	-$123.1B
TOTAL STOCKHOLDERS' EQUITY	$74.0B
Minority Interest	$0
TOTAL EQUITY	$74.0B
TOTAL LIABILITIES & EQUITY	$182.0B
Total Debt	$33.8B
Net Debt	$19.3B