Johnson & Johnson (JNJ) FY2021 results: revenue $78.7 billion, down 4.7% on the year
Johnson & Johnson (JNJ) reported revenue of $78.7 billion for fiscal 2021, the year ended 2 January 2022, down 4.7% on the year before. Net income was $20.9 billion, up 41.9%, and diluted earnings per share $7.81. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$78.7 billion
-4.7% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$20.9 billion
+41.9% on the year
FY2014FY2021
Diluted EPS
$7.81
+41.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
23,410
23,536
23,416
-0.5%
Capital expenditure
3,652
3,347
3,498
+9.1%
Free cash flow
19,758
20,189
19,918
-2.1%
Free cash flow margin
25.1%
24.4%
24.3%
Cash from investing
-8,683
-20,825
-6,194
Cash from financing
-14,047
-6,120
-18,015
Depreciation and amortisation
7,390
7,231
7,009
+2.2%
Share-based compensation
1,135
1,005
977
+12.9%
Buybacks
3,456
3,221
6,746
+7.3%
Dividends paid
11,032
10,481
9,917
+5.3%
Dividend per share
$4.19
$3.98
$3.75
+5.3%
Diluted shares, weighted
2,674m
2,671m
2,684m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
74,023
63,278
59,471
+17.0%
Debt
33,751
35,266
27,696
-4.3%
Operating lease liabilities
n/a
n/a
716
Other liabilities
74,244
76,350
69,845
-2.8%
Total liabilities and equity
182,018
174,894
157,728
+4.1%
Fixed assets
18,962
18,766
17,658
+1.0%
Goodwill
25,436
36,393
33,639
-30.1%
Intangible assets
46,392
53,402
47,643
-13.1%
Investments
17,121
11,200
1,982
+52.9%
Cash and equivalents
14,487
13,985
17,305
+3.6%
Receivables
15,283
13,576
14,481
+12.6%
Inventory
10,387
9,344
9,020
+11.2%
Other assets
33,950
18,228
16,000
+86.3%
Total assets
182,018
174,894
157,728
+4.1%
10-K for the year ended 2 January 2022, filed 17 February 2022: the filing.