Johnson & Johnson (JNJ) quarterly cash flow statement — complete operating, investing & financing history
Johnson & Johnson (JNJ) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 4.71B | 2.51B | 7.31B | 9.17B | 3.88B | 4.17B | 6.98B | 7.99B | 5.63B | 3.66B | 7.86B | 7.49B | 4.18B | 3.26B | 5.35B | 6.28B | 5.58B | 3.98B | 5.73B | 8.29B |
| Operating CF Margin % | 18.61% | 10.45% | 29.75% | 38.22% | 16.33% | 19.07% | 31.01% | 35.57% | 25.09% | 17.1% | 36.75% | 35.08% | 19.43% | 15.59% | 22.57% | 31.43% | 23.23% | 16.99% | 23.11% | 35.52% |
| Operating CF Growth % | 21.48% | -39.77% | 4.67% | 14.71% | -31.16% | 14.14% | -11.19% | 6.73% | 34.7% | 12.28% | 46.97% | 19.18% | -25.07% | -18.15% | -6.66% | -24.2% | 5.02% | -2.33% | -31.3% | -1.11% |
| Net Income | 5.53B | 5.24B | 5.12B | 5.15B | 5.54B | 11B | 3.43B | 2.69B | 4.69B | 3.25B | 4.13B | 4.31B | 5.14B | -68M | 3.52B | 4.46B | 4.81B | 5.15B | 4.74B | 3.67B |
| Depreciation & Amortization | 1.96B | 2B | 2.01B | 1.78B | 1.94B | 1.77B | 1.9B | 1.85B | 1.78B | 1.81B | 1.84B | 1.83B | 1.93B | 1.88B | 1.77B | 1.69B | 1.74B | 1.77B | 1.84B | 1.81B |
| Stock-Based Compensation | 458M | 300M | 309M | 347M | 410M | 288M | 238M | 295M | 341M | 302M | 178M | 296M | 382M | 306M | 213M | 281M | 366M | 278M | 215M | 259M |
| Deferred Taxes | -479M | 159M | -3.68B | 2.22B | 825M | 2.17B | -16M | 90M | -695M | -1.56B | -2.41B | 560M | -799M | -1.54B | 825M | -139M | -1.42B | -926M | 485M | -1.88B |
| Other Non-Cash Items | -4.08B | 42M | 16.27B | -16.27B | 84M | -33M | 636M | 1.24B | -29M | 185M | 875M | 1.1B | -78M | 419M | 259M | 29M | 83M | 448M | 21M | 930M |
| Working Capital Changes | 1.32B | -5.23B | -12.72B | 15.95B | -4.92B | -11.02B | 798M | 1.83B | -452M | -338M | 3.25B | -602M | -2.4B | 2.26B | -1.24B | -30M | -3M | -2.74B | -1.57B | 3.5B |
| Change in Receivables | -1.35B | -595M | 391M | 111M | -1.36B | -926M | 853M | -96M | -884M | -279M | 227M | -252M | -545M | -54M | 301M | -205M | -959M | -427M | -584M | -252M |
| Change in Inventory | -571M | -431M | -46M | -748M | -510M | -146M | -90M | -299M | -391M | -348M | 124M | -706M | -217M | -524M | -650M | -620M | -657M | -600M | -70M | -360M |
| Change in Payables | 2.96B | -3.92B | 1.27B | 2B | 1.24B | -2.13B | -1.09B | 2.26B | 2.93B | -2.48B | 1.68B | 1.73B | 1.51B | -2.57B | 957M | 1.31B | 1.65B | -2.82B | 2.25B | -11.22B |
| Cash from Investing | -1.11B | -1.04B | -4.49B | -542M | -18.26B | -297M | -1.32B | -3.13B | -13.69B | -464M | -1.2B | 2.54B | -3.78B | 3.31B | -4.4B | -1.7B | -2.64B | -3.63B | -5.36B | -2.72B |
| Capital Expenditures | -1.32B | -1.05B | -1.84B | -1.16B | -1.04B | -809M | -1.61B | -1.84B | -976M | -807M | -1.59B | -967M | -1.12B | -863M | -1.59B | -952M | -863M | -607M | -1.42B | -747M |
| CapEx % of Revenue | 5.22% | 4.36% | 7.48% | 4.82% | 4.39% | 3.7% | 7.16% | 8.17% | 4.35% | 3.77% | 7.43% | 4.53% | 5.22% | 4.13% | 6.69% | 4.76% | 3.59% | 2.59% | 5.7% | 3.2% |
| Acquisitions | -263M | 29M | -3.08B | -1M | -14.46B | 279M | -1M | -338M | -12.63B | -1.6B | 121M | 121M | 76M | 40M | -17.13B | 1M | -271M | -252M | -60M | 12M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 470M | -85M | 458M | -2.31B | -634M | 266M | 265M | -1.14B | -251M | 1.59B | -2.41B | -230M | -925M | 146M | 256M | -335M | 204M | -60M | -531M | 251M |
| Cash from Financing | -15.39B | 530M | -1.37B | -8.93B | -5.67B | 10.42B | -1.34B | -9.88B | 7.54B | 546M | -4.66B | -11.32B | -5.99B | 6.14B | 1.7B | -3.92B | -2.26B | -4.38B | -3.44B | -2.21B |
| Debt Issued (Net) | -5.22B | 7.21B | 2.1B | -5.14B | -2.38B | 15.05B | 1.53B | -7.4B | 11.54B | 4.37B | -1.1B | -7.42B | -7.1B | 12.88B | 7.29B | 119M | 9M | 31M | -3M | 654M |
| Equity Issued (Net) | -1.39B | -2.86B | -337M | -628M | 107M | -2.13B | -282M | -539M | -136M | -1.48B | -216M | -920M | -381M | -3.54B | -898M | -2.17B | -474M | -1.58B | -996M | -391M |
| Dividends Paid | -3.23B | -3.13B | -3.13B | -3.13B | -3.13B | -2.99B | -2.98B | -2.98B | -2.98B | -2.87B | -2.87B | -2.87B | -3.09B | -2.94B | -2.95B | -2.97B | -2.97B | -2.79B | -2.79B | -2.79B |
| Share Repurchases | -221M | -4.03B | -1.92B | -1.9B | 0 | -2.13B | -282M | -539M | -136M | -1.48B | -216M | -920M | -381M | -3.54B | -1.32B | -2.17B | -973M | -1.58B | -996M | -391M |
| Other Financing | -5.55B | -697M | -6M | -24M | -267M | 487M | 391M | 1.04B | -878M | 516M | -478M | -105M | 4.58B | -263M | -1.74B | 1.09B | 1.18B | -52M | 354M | 321M |
| Net Change in Cash | -11.78B | 1.98B | 1.48B | -346M | -19.9B | 14.37B | 4.13B | -4.9B | -595M | 3.61B | 2.13B | -1.46B | -5.68B | 12.74B | 2.77B | 372M | 520M | -4.02B | -3.12B | 3.27B |
| Free Cash Flow | 3.39B | 1.47B | 5.47B | 8.38B | 2.48B | 3.38B | 4.84B | 5.71B | 4.66B | 2.85B | 6.27B | 6.52B | 3.06B | 2.39B | 3.76B | 5.33B | 4.72B | 3.37B | 4.32B | 7.54B |
| FCF Margin % | 13.39% | 6.09% | 22.28% | 34.93% | 10.45% | 15.43% | 21.48% | 25.43% | 20.75% | 13.33% | 29.32% | 30.55% | 14.21% | 11.46% | 15.87% | 26.67% | 19.64% | 14.39% | 17.4% | 32.32% |
| FCF Growth % | 36.69% | -56.64% | 13.1% | 46.67% | -46.75% | 18.56% | -22.89% | -12.39% | 52.29% | 19.05% | 66.73% | 22.32% | -35.18% | -29% | -12.83% | -29.31% | 4.82% | -0.74% | -38.5% | -1.35% |
| FCF per Share | 1.39 | 0.60 | 2.24 | 3.45 | 1.03 | 1.39 | 1.99 | 2.35 | 1.92 | 1.17 | 2.58 | 2.56 | 1.16 | 0.92 | 1.41 | 2.00 | 1.77 | 1.26 | 1.62 | 2.82 |
| FCF Conversion (FCF/Net Income) | 0.85x | 0.48x | 1.43x | 1.78x | 0.70x | 0.38x | 2.04x | 2.97x | 1.20x | 1.12x | 1.94x | 0.29x | 0.81x | -47.90x | 1.52x | 1.41x | 1.16x | 0.77x | 1.21x | 2.26x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |