Johnson & Johnson

NYSE-JNJ

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jul '23	Jan '23
Net Income	16,536	14,066	7,941	30,077	5,076	7,978
Net Earnings
Depreciation & Amortization	3,715	7,339	3,597	3,672	3,814	3,457
Depreciation and Amortization of Property and Intangibles
Stock Based Compensation	698	1,176	643	474	688	494
Stock Based Compensation
Other Adjustments	3,048	-152	-2,101	-21,516	-2,001	974
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	-2,283	-406	-1,163	-25	-599	96
Change in Accounts Receivable
Changes in Inventories	-656	-1,128	-739	-582	-741	-1,270
Change in Inventories
Changes in Accounts Payable	-886	1,621	449	3,407	-1,061	2,268
Change in Accounts Payable and Accrued Liabilities
Changes in Other Operating Activities	-12,120	1,750	663	-155	2,263	-2,363
Change in Other Current and Non-Current Assets
Change in Other Current and Non-Current Liabilities
Cash from Operating Activities	8,052	24,266	9,290	15,352	7,439	11,634
Net Cash Flows from Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jul '23	Jan '23
Capital Expenditure	-1,838	-4,424	-1,783	-2,556	-1,987	-2,539
Additions to Property, Plant and Equipment
Purchases of Intangible Assets	-369	-1,783	—	-470	—	—
Acquired in-Process Research and Development Assets / Related Milestones
Purchases of Investments	-431	-1,726	-1,184	-1,218	-9,688	-10,336
Purchases of Investments
Proceeds from Sale of Investments	953	2,462	1,706	7,513	11,877	23,975
Sales of Investments
Payments for Business Acquisitions	-14,458	-15,146	-14,807	—	—	-17,129
Acquisitions, Net of Cash Acquired
Other Investing Activities	-2,418	2,018	1,917	-1,930	-663	-69
Proceeds from the Disposal of Assets/Businesses, Net
Credit Support Agreements Activity, Net
Other (Including Capitalized Licenses and Milestones)
Cash from Investing Activities	-18,561	-18,599	-14,151	1,339	-461	-6,098
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jul '23	Jan '23
Issuance of Short-Term Debt	9,349	15,277	13,976	1,522	12,221	11,763
Proceeds from Short-Term Debt, Net
Repayments of Short-Term Debt	-5,058	-9,463	-3,915	-9,362	-13,611	-4,349
Repayment of Short-Term Debt, Net
Net Issuance / (Repayments) of Short-Term Debt	4,291	5,814	10,061	-7,840	-1,390	7,414
Issuance of Long-Term Debt	9,138	6,660	6,659	373	7,674	—
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	-754	-2,423	-1,773	-1,050	-501	-2
Repayment of Long-Term Debt
Settlement of Convertible Debt Acquired from Shockwave
Net Issuance / (Repayments) of Long-Term Debt	8,384	4,237	4,886	-677	7,173	-2
Issuance of Common Shares	557	838	290	840	254	509
Proceeds from the Exercise of Stock Options/Employee Withholding Tax on Stock Awards, Net
Repurchases of Common Shares	-2,127	-2,432	-1,611	-1,136	-3,918	-3,485
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-1,570	-1,594	-1,321	-296	-3,664	-2,976
Common Share Dividends Paid	-6,118	-11,873	-5,854	-5,736	-6,034	-5,924
Dividends to Shareholders
Other Financing Activities	-230	234	318	-1,423	4,062	-737
Credit Support Agreements Activity, Net
Proceeds from Kenvue Initial Public Offering
Cash Transferred to Kenvue at Separation
Other
Cash from Financing Activities	4,757	-3,132	8,090	-15,972	147	-2,225
Net Cash Provided by Financing Activities