Johnson & Johnson (JNJ) FY2022 results: revenue $80.0 billion, up 1.6% on the year
Johnson & Johnson (JNJ) reported revenue of $80.0 billion for fiscal 2022, the year ended 1 January 2023, up 1.6% on the year before. Net income was $17.9 billion, down 14.1%, and diluted earnings per share $6.73. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$80.0 billion
+1.6% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$17.9 billion
-14.1% on the year
FY2015FY2022
Diluted EPS
$6.73
-13.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
21,194
23,410
23,536
-9.5%
Capital expenditure
4,009
3,652
3,347
+9.8%
Free cash flow
17,185
19,758
20,189
-13.0%
Free cash flow margin
21.5%
25.1%
24.4%
Cash from investing
-12,371
-8,683
-20,825
Cash from financing
-8,871
-14,047
-6,120
Depreciation and amortisation
6,970
7,390
7,231
-5.7%
Share-based compensation
1,138
1,135
1,005
+0.3%
Buybacks
6,035
3,456
3,221
+74.6%
Dividends paid
11,682
11,032
10,481
+5.9%
Dividend per share
$4.45
$4.19
$3.98
+6.2%
Diluted shares, weighted
2,664m
2,674m
2,671m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
76,804
74,023
63,278
+3.8%
Non-controlling interest
0.0
n/a
n/a
Debt
39,642
33,751
35,266
+17.5%
Other liabilities
70,932
74,244
76,350
-4.5%
Total liabilities and equity
187,378
182,018
174,894
+2.9%
Fixed assets
17,982
18,962
18,766
-5.2%
Goodwill
36,047
25,436
36,393
+41.7%
Intangible assets
38,489
46,392
53,402
-17.0%
Investments
9,392
17,121
11,200
-45.1%
Cash and equivalents
12,889
14,487
13,985
-11.0%
Receivables
14,039
15,283
13,576
-8.1%
Inventory
10,268
10,387
9,344
-1.1%
Other assets
48,272
33,950
18,228
+42.2%
Total assets
187,378
182,018
174,894
+2.9%
10-K for the year ended 1 January 2023, filed 16 February 2023: the filing.