Johnson & Johnson (JNJ) FY2016 results: revenue $71.9 billion, up 2.6% on the year
Johnson & Johnson (JNJ) reported revenue of $71.9 billion for fiscal 2016, the year ended 1 January 2017, up 2.6% on the year before. Net income was $16.5 billion, up 7.3%, and diluted earnings per share $5.93. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$71.9 billion
+2.6% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$16.5 billion
+7.3% on the year
FY2009FY2016
Diluted EPS
$5.93
+8.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
71,890
70,074
74,331
+2.6%
Cost of revenue
21,789
21,536
22,746
+1.2%
Gross profit
50,101
48,538
51,585
+3.2%
Gross margin
69.7%
69.3%
69.4%
Research and development
9,143
9,046
8,494
+1.1%
Selling, general and administrative
20,067
21,203
21,954
-5.4%
Operating income
n/a
n/a
21,590
Operating margin
n/a
n/a
29.0%
Interest expense
726
552
533
+31.5%
Pre-tax income
19,803
19,196
20,563
+3.2%
Income tax
3,263
3,787
4,240
-13.8%
Effective tax rate
16.5%
19.7%
20.6%
Net income
16,540
15,409
16,323
+7.3%
Net margin
23.0%
22.0%
22.0%
Diluted EPS
$5.93
$5.48
$5.70
+8.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
18,767
19,569
18,710
-4.1%
Capital expenditure
3,226
3,463
3,714
-6.8%
Free cash flow
15,541
16,106
14,996
-3.5%
Free cash flow margin
21.6%
23.0%
20.2%
Cash from investing
-4,761
-7,735
-12,305
Cash from financing
-8,551
-11,136
-12,499
Depreciation and amortisation
3,754
3,746
3,895
+0.2%
Share-based compensation
878
874
792
+0.5%
Buybacks
8,979
5,290
7,124
+69.7%
Dividends paid
8,621
8,173
7,768
+5.5%
Dividend per share
$3.15
$2.95
$2.76
+6.8%
Diluted shares, weighted
2,789m
2,813m
2,864m
-0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
70,418
71,150
69,752
-1.0%
Debt
27,126
19,861
18,760
+36.6%
Other liabilities
43,664
42,400
41,846
+3.0%
Total liabilities and equity
141,208
133,411
130,358
+5.8%
Fixed assets
15,912
15,905
16,126
+0.0%
Goodwill
22,805
21,629
21,832
+5.4%
Intangible assets
26,876
25,764
27,222
+4.3%
Investments
22,935
24,644
18,566
-6.9%
Cash and equivalents
18,972
13,732
14,523
+38.2%
Receivables
11,699
10,734
10,985
+9.0%
Inventory
8,144
8,053
8,184
+1.1%
Other assets
13,865
12,950
12,920
+7.1%
Total assets
141,208
133,411
130,358
+5.8%
10-K for the year ended 1 January 2017, filed 20 February 2019: the filing.