Johnson & Johnson (JNJ) FY2017 results: revenue $76.5 billion, up 6.3% on the year
Johnson & Johnson (JNJ) reported revenue of $76.5 billion for fiscal 2017, the year ended 31 December 2017, up 6.3% on the year before. Net income was $1.3 billion, down 92.1%, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$76.5 billion
+6.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.3 billion
-92.1% on the year
FY2010FY2017
Diluted EPS
$0.47
-92.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
76,450
71,890
70,074
+6.3%
Cost of revenue
25,439
21,789
21,536
+16.8%
Gross profit
51,096
50,101
48,538
+2.0%
Gross margin
66.8%
69.7%
69.3%
Research and development
10,594
9,143
9,046
+15.9%
Selling, general and administrative
21,520
20,067
21,203
+7.2%
Interest expense
934
726
552
+28.7%
Pre-tax income
17,673
19,803
19,196
-10.8%
Income tax
16,373
3,263
3,787
+401.8%
Effective tax rate
92.6%
16.5%
19.7%
Net income
1,300
16,540
15,409
-92.1%
Net margin
1.7%
23.0%
22.0%
Diluted EPS
$0.47
$5.93
$5.48
-92.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
21,056
18,767
19,569
+12.2%
Capital expenditure
3,279
3,226
3,463
+1.6%
Free cash flow
17,777
15,541
16,106
+14.4%
Free cash flow margin
23.3%
21.6%
23.0%
Cash from investing
-14,868
-4,761
-7,735
Cash from financing
-7,673
-8,551
-11,136
Depreciation and amortisation
5,642
3,754
3,746
+50.3%
Share-based compensation
962
878
874
+9.6%
Buybacks
6,358
8,979
5,290
-29.2%
Dividends paid
8,943
8,621
8,173
+3.7%
Dividend per share
$3.32
$3.15
$2.95
+5.4%
Diluted shares, weighted
2,745m
2,789m
2,813m
-1.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
60,160
70,418
71,150
-14.6%
Debt
34,581
27,126
19,861
+27.5%
Other liabilities
62,562
43,664
42,400
+43.3%
Total liabilities and equity
157,303
141,208
133,411
+11.4%
Fixed assets
17,005
15,912
15,905
+6.9%
Goodwill
31,906
22,805
21,629
+39.9%
Intangible assets
53,228
26,876
25,764
+98.1%
Investments
472
22,935
24,644
-97.9%
Cash and equivalents
17,824
18,972
13,732
-6.1%
Receivables
13,490
11,699
10,734
+15.3%
Inventory
8,765
8,144
8,053
+7.6%
Other assets
14,613
13,865
12,950
+5.4%
Total assets
157,303
141,208
133,411
+11.4%
10-K for the year ended 31 December 2017, filed 20 February 2019: the filing.