Johnson & Johnson (JNJ) FY2015 results: revenue $70.1 billion, down 5.7% on the year
Johnson & Johnson (JNJ) reported revenue of $70.1 billion for fiscal 2015, the year ended 3 January 2016, down 5.7% on the year before. Net income was $15.4 billion, down 5.6%, and diluted earnings per share $5.48. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$70.1 billion
-5.7% on the year
FY2008FY2015
Operating margin
n/a
29.0% a year earlier
FY2008FY2015
Net income
$15.4 billion
-5.6% on the year
FY2008FY2015
Diluted EPS
$5.48
-3.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
70,074
74,331
71,312
-5.7%
Cost of revenue
21,536
22,746
22,342
-5.3%
Gross profit
48,538
51,585
48,970
-5.9%
Gross margin
69.3%
69.4%
68.7%
Research and development
9,046
8,494
8,183
+6.5%
Selling, general and administrative
21,203
21,954
21,830
-3.4%
Operating income
n/a
21,590
16,412
Operating margin
n/a
29.0%
23.0%
Interest expense
552
533
482
+3.6%
Pre-tax income
19,196
20,563
15,471
-6.6%
Income tax
3,787
4,240
1,640
-10.7%
Effective tax rate
19.7%
20.6%
10.6%
Net income
15,409
16,323
13,831
-5.6%
Net margin
22.0%
22.0%
19.4%
Diluted EPS
$5.48
$5.70
$4.81
-3.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
19,569
18,710
17,414
+4.6%
Capital expenditure
3,463
3,714
3,595
-6.8%
Free cash flow
16,106
14,996
13,819
+7.4%
Free cash flow margin
23.0%
20.2%
19.4%
Cash from investing
-7,735
-12,305
-5,103
Cash from financing
-11,136
-12,499
-6,091
Depreciation and amortisation
3,746
3,895
4,104
-3.8%
Share-based compensation
874
792
728
+10.4%
Buybacks
5,290
7,124
3,538
-25.7%
Dividends paid
8,173
7,768
7,286
+5.2%
Dividend per share
$2.95
$2.76
$2.59
+6.9%
Diluted shares, weighted
2,813m
2,864m
2,877m
-1.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
71,150
69,752
74,053
+2.0%
Debt
19,861
18,760
18,180
+5.9%
Other liabilities
42,400
41,846
40,450
+1.3%
Total liabilities and equity
133,411
130,358
132,683
+2.3%
Fixed assets
15,905
16,126
16,710
-1.4%
Goodwill
21,629
21,832
22,798
-0.9%
Intangible assets
25,764
27,222
27,947
-5.4%
Investments
24,644
18,566
8,279
+32.7%
Cash and equivalents
13,732
14,523
20,927
-5.4%
Receivables
10,734
10,985
11,713
-2.3%
Inventory
8,053
8,184
7,878
-1.6%
Other assets
12,950
12,920
16,431
+0.2%
Total assets
133,411
130,358
132,683
+2.3%
10-K for the year ended 3 January 2016, filed 24 February 2016: the filing.