Johnson & Johnson (JNJ) FY2023 results: revenue $85.2 billion, up 6.5% on the year
Johnson & Johnson (JNJ) reported revenue of $85.2 billion for fiscal 2023, the year ended 31 December 2023, up 6.5% on the year before. Net income was $35.2 billion, up 95.9%, and diluted earnings per share $13.72. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$85.2 billion
+6.5% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$35.2 billion
+95.9% on the year
FY2016FY2023
Diluted EPS
$13.72
+103.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
22,791
21,194
23,410
+7.5%
Capital expenditure
4,543
4,009
3,652
+13.3%
Free cash flow
18,248
17,185
19,758
+6.2%
Free cash flow margin
21.4%
21.5%
25.1%
Cash from investing
878
-12,371
-8,683
Cash from financing
-15,825
-8,871
-14,047
Depreciation and amortisation
7,486
6,970
7,390
+7.4%
Share-based compensation
1,162
1,138
1,135
+2.1%
Buybacks
5,054
6,035
3,456
-16.3%
Dividends paid
11,770
11,682
11,032
+0.8%
Dividend per share
$4.70
$4.45
$4.19
+5.6%
Diluted shares, weighted
2,560m
2,664m
2,674m
-3.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
68,774
76,804
74,023
-10.5%
Non-controlling interest
n/a
0.0
n/a
Debt
29,332
39,642
33,751
-26.0%
Other liabilities
69,452
70,932
74,244
-2.1%
Total liabilities and equity
167,558
187,378
182,018
-10.6%
Fixed assets
19,898
17,982
18,962
+10.7%
Goodwill
36,558
36,047
25,436
+1.4%
Intangible assets
34,175
38,489
46,392
-11.2%
Investments
1,068
9,392
17,121
-88.6%
Cash and equivalents
21,859
12,889
14,487
+69.6%
Receivables
14,873
14,039
15,283
+5.9%
Inventory
11,181
10,268
10,387
+8.9%
Other assets
27,946
48,272
33,950
-42.1%
Total assets
167,558
187,378
182,018
-10.6%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.