Johnson & Johnson (NEO: JNJ)

Johnson & Johnson Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 29, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022	Jan 3, 2021	Dec 29, 2019
Revenue	87,696	85,159	79,990	78,740	82,584	82,059
Revenue Growth (YoY)	4.77%	6.46%	1.59%	-4.65%	0.64%	0.59%
Cost of Revenue	26,843	26,244	24,596	23,402	28,427	27,556
Gross Profit	60,853	58,915	55,394	55,338	54,157	54,503
Selling, General & Admin	21,290	20,166	19,078	19,506	21,731	21,885
Research & Development	16,414	15,085	14,135	14,277	12,159	11,355
Operating Expenses	37,704	35,251	33,213	33,783	33,890	33,240
Operating Income	23,149	23,664	22,181	21,555	20,267	21,263
Interest Expense	-769	-772	-276	-183	-201	-318
Interest & Investment Income	1,414	1,261	490	53	111	357
Currency Exchange Gain (Loss)	-392	-366	-286	-216	-209	-267
Other Non Operating Income (Expenses)	2,113	1,664	1,744	-550	-2,922	-3,909
EBT Excluding Unusual Items	25,515	25,451	23,853	20,659	17,046	17,126
Merger & Restructuring Charges	-1,346	-998	-575	-209	-247	-266
Gain (Loss) on Sale of Investments	138	-600	-700	-	1	300
Gain (Loss) on Sale of Assets	225	117	380	617	111	2,154
Asset Writedown	-854	-1,295	-1,216	-989	-233	-1,096
Legal Settlements	-5,700	-6,900	-900	-	-	-
Other Unusual Items	-100	-400	-700	-	-	-
Pretax Income	17,626	15,062	19,359	19,178	16,497	17,328
Income Tax Expense	2,859	1,736	2,989	1,377	1,783	2,209
Earnings From Continuing Operations	14,767	13,326	16,370	17,801	14,714	15,119
Earnings From Discontinued Operations	-83	21,827	1,571	3,077	-	-
Net Income	14,684	35,153	17,941	20,878	14,714	15,119
Net Income to Common	14,684	35,153	17,941	20,878	14,714	15,119
Net Income Growth	-57.59%	95.94%	-14.07%	41.89%	-2.68%	-1.16%
Shares Outstanding (Basic)	2,407	2,534	2,625	2,632	2,633	2,645
Shares Outstanding (Diluted)	2,430	2,560	2,664	2,674	2,671	2,684
Shares Change (YoY)	-7.10%	-3.89%	-0.38%	0.12%	-0.51%	-1.63%
EPS (Basic)	6.10	13.88	6.83	7.93	5.59	5.72
EPS (Diluted)	6.04	13.72	6.73	7.81	5.51	5.63
EPS Growth	-54.32%	103.94%	-13.84%	41.76%	-2.13%	0.36%
Free Cash Flow	20,275	17,778	17,185	19,758	20,189	19,918
Free Cash Flow Per Share	8.34	6.94	6.45	7.39	7.56	7.42
Dividend Per Share	4.860	4.700	4.450	4.190	3.980	3.750
Dividend Growth	4.74%	5.62%	6.21%	5.28%	6.13%	5.93%
Gross Margin	69.39%	69.18%	69.25%	70.28%	65.58%	66.42%
Operating Margin	26.40%	27.79%	27.73%	27.37%	24.54%	25.91%
Profit Margin	16.74%	41.28%	22.43%	26.52%	17.82%	18.42%
Free Cash Flow Margin	23.12%	20.88%	21.48%	25.09%	24.45%	24.27%
EBITDA	30,052	30,767	28,510	28,206	27,498	28,272
EBITDA Margin	34.27%	36.13%	35.64%	35.82%	33.30%	34.45%
D&A For EBITDA	6,903	7,103	6,329	6,651	7,231	7,009
EBIT	23,149	23,664	22,181	21,555	20,267	21,263
EBIT Margin	26.40%	27.79%	27.73%	27.37%	24.54%	25.91%
Effective Tax Rate	16.22%	11.53%	15.44%	7.18%	10.81%	12.75%
Advertising Expenses	-	500	700	1,200	2,100	2,200

Source: S&P Capital IQ. Standard template. Financial Sources.