JOHNSON & JOHNSON
For the period ended Dec 29, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
JNJ$280.78-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated statements of cash flows
Johnson & Johnson and subsidiaries consolidated statements of cash flows
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net earnings | $14,066 | 35,153 | 17,941 |
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 7,339 | 7,486 | 6,970 |
| Stock based compensation | 1,176 | 1,162 | 1,138 |
| Asset write-downs | 405 | 1,295 | 1,216 |
| Charges for acquired in-process research and development assets | 1,841 | 483 | — |
| Gain on Kenvue separation | — | (20,984) | — |
| Net gain on sale of assets/businesses | (226) | (117) | (380) |
| Deferred tax provision | (2,183) | (4,194) | (1,663) |
| Credit losses and accounts receivable allowances | 11 | — | (17) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (406) | (624) | (1,290) |
| Increase in inventories | (1,128) | (1,323) | (2,527) |
| Increase in accounts payable and accrued liabilities | 1,621 | 2,346 | 1,098 |
| Decrease/(Increase) in other current and non-current assets | 1,717 | (3,480) | 687 |
| Increase/(Decrease) in other current and non-current liabilities | 33 | 5,588 | (1,979) |
| Net cash flows from operating activities | 24,266 | 22,791 | 21,194 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (4,424) | (4,543) | (4,009) |
| Proceeds from the disposal of assets/businesses, net | 675 | 358 | 543 |
| Acquisitions, net of cash acquired (Note 18) | (15,146) | — | (17,652) |
| Acquired in-process research and development assets (Note 18) | (1,783) | (470) | — |
| Purchases of investments | (1,726) | (10,906) | (32,384) |
| Sales of investments | 2,462 | 19,390 | 41,609 |
| Credit support agreements activity, net | 1,517 | (2,963) | (249) |
| Other (including capitalized licenses and milestones) | (174) | 12 | (229) |
| Net cash (used by)/from investing activities | (18,599) | 878 | (12,371) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (11,823) | (11,770) | (11,682) |
| Repurchase of common stock | (2,432) | (5,054) | (6,035) |
| Proceeds from short-term debt | 15,277 | 13,743 | 16,134 |
| Repayment of short-term debt | (9,463) | (22,973) | (6,550) |
| Proceeds from long-term debt, net of issuance costs | 6,660 | — | 2 |
| Repayment of long-term debt | (1,453) | (1,551) | (2,134) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 838 | 1,094 | 1,329 |
| Credit support agreements activity, net | 272 | (219) | (28) |
48
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Settlement of convertible debt acquired from Shockwave | (970) | — | — |
| Proceeds of short and long-term debt, net of issuance cost, related to the debt that transferred to Kenvue at separation | — | 8,047 | — |
| Proceeds from Kenvue initial public offering | — | 4,241 | — |
| Cash transferred to Kenvue at separation | — | (1,114) | — |
| Other | (38) | (269) | 93 |
| Net cash used by financing activities | (3,132) | (15,825) | (8,871) |
| Effect of exchange rate changes on cash and cash equivalents | (289) | (112) | (312) |
| Increase/(Decrease) in cash and cash equivalents | 2,246 | 7,732 | (360) |
| Cash and cash equivalents from continuing operations, beginning of period | 21,859 | 12,889 | 13,309 |
| Cash and cash equivalents from discontinued operations, beginning of period | — | 1,238 | 1,178 |
| Cash and cash equivalents, beginning of year (Note 1) | 21,859 | 14,127 | 14,487 |
| Cash and cash equivalents from continuing operations, end of period | 24,105 | 21,859 | 12,889 |
| Cash and cash equivalents from discontinued operations, end of period | — | — | 1,238 |
| Cash and cash equivalents, end of year (Note 1) | $24,105 | 21,859 | 14,127 |
| Supplemental cash flow data | |||
| Cash paid during the year for: | |||
| Interest | $1,990 | 1,836 | 982 |
| Interest, net of amount capitalized | 1,911 | 1,766 | 933 |
| Income taxes, inclusive of discontinued operations | 6,714 | 8,574 | 5,223 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Treasury stock issued for employee compensation and stock option plans, net of cash proceeds/ employee withholding tax on stock awards | $1,551 | 1,435 | 2,114 |
| Acquisitions | |||
| Fair value of assets acquired | $16,091 | — | 18,710 |
| Fair value of liabilities assumed | (1,632) | — | (1,058) |
| Net cash paid for acquisitions (Note 18) | $14,459 | — | 17,652 |
Amounts presented for 2023 and 2022 have not been recast to exclude discontinued operations.
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