Johnson & Johnson

NYSE-JNJ

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	5,152	5,537	10,999	3,431	2,694	4,686
Net Earnings
Depreciation & Amortization	1,777	1,943	1,772	1,896	1,846	1,782
Depreciation and Amortization of Property and Intangibles
Share-Based Compensation Expense	347	410	288	238	295	341
Stock Based Compensation
Other Adjustments	2,262	924	2,139	241	1,708	-724
Venezuela Adjustments
Asset Write-Downs
Contingent Consideration Reversal
Charges for Acquired in-Process Research and Development Assets
Gain on Kenvue Separation
Net Gain on Sale of Assets/Businesses
Deferred Tax Provision
Credit Losses and Accounts Receivable Allowances
Changes in Trade Receivables	111	-1,357	-926	853	-96	-884
Change in Accounts Receivable
Changes in Inventories	-748	-510	-146	-90	-299	-391
Change in Inventories
Changes in Accounts Payable	1,997	1,240	-2,126	-1,092	2,264	2,932
Change in Accounts Payable and Accrued Liabilities
Changes in Other Operating Activities	-1,729	-4,294	-7,826	1,127	-40	-2,109
Change in Other Current and Non-Current Assets
Change in Other Current and Non-Current Liabilities
Cash from Operating Activities	9,169	3,878	4,174	6,983	7,993	5,633
Net Cash Flows from Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-1,157	-1,043	-795	-1,612	-1,029	-976
Additions to Property, Plant and Equipment
Purchases of Intangible Assets	-16	-355	-14	-533	-1,250	—
Acquired in-Process Research and Development Assets / Related Milestones
Purchases of Investments	-246	-180	-251	-262	-280	-554
Purchases of Investments
Proceeds from Sale of Investments	489	735	218	290	466	727
Sales of Investments
Payments for Business Acquisitions	-1	-14,458	—	-1	-338	-12,996
Acquisitions, Net of Cash Acquired
Other Investing Activities	389	-2,963	545	798	-697	112
Proceeds from the Disposal of Assets/Businesses, Net
Credit Support Agreements Activity, Net
Other (Including Capitalized Licenses and Milestones)
Cash from Investing Activities	-542	-18,264	-297	-1,320	-3,128	-13,687
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	1,324	565	8,784	3,293	-1,992	8,713
Proceeds from Short-Term Debt, Net
Repayments of Short-Term Debt	-5,466	-2,938	-2,120	-1,109	-4,439	-3,025
Repayment of Short-Term Debt, Net
Net Issuance / (Repayments) of Short-Term Debt	-4,142	-2,373	6,664	2,184	-6,431	5,688
Issuance of Long-Term Debt	—	4,569	9,138	6,659	1	6,657
Proceeds from Long-Term Debt, Net of Issuance Costs
Proceeds of Short and Long-Term Debt, Net of Issuance Cost, Related to the Debt That Transferred to Kenvue at Separation
Repayments of Long-Term Debt	-1,001	-3	-751	-1,134	-486	-1,772
Repayment of Long-Term Debt
Settlement of Convertible Debt Acquired from Shockwave
Net Issuance / (Repayments) of Long-Term Debt	-1,001	4,566	8,387	5,525	-485	4,885
Issuance of Common Shares	1,274	107	450	124	424	95
Proceeds from the Exercise of Stock Options/Excess Tax Benefits
Proceeds from the Exercise of Stock Options/Employee Withholding Tax on Stock Awards, Net
Repurchases of Common Shares	-1,902	-1,063.5	-2,127	-282	-539	-136
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-628	-956.5	-1,677	-158	-115	-41
Common Share Dividends Paid	-3,132	-3,129	-2,989	-3,034	-2,985	-2,985
Dividends to Shareholders
Other Financing Activities	-24	-267	37	304	-351	-3
Credit Support Agreements Activity, Net
Proceeds from Kenvue Initial Public Offering
Cash Transferred to Kenvue at Separation
Other
Cash from Financing Activities	-8,927	-5,665	10,422	-1,340	-9,882	7,544
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	8,012	2,835	3,379	5,371	6,964	4,657
NOPAT	23,930	5,669.2	4,988.3	3,161.8	22,430	5,116.4
Levered Free Cash Flow	2,490	5,066	16,929	11,369	-836	16,497
Unlevered Free Cash Flow	24,070	3,005.2	-4,132.7	3,390.8	25,172	6,354.4
Net Change in Cash	-300	-20,051	14,299	4,323	-5,017	-510