What is the largest financing activity outflow during the most recent year? (Indicate reconciling item and amount.) What was this transaction? # Johnson & Johnson and Subsidiaries## Consolidated Statements of Cash Flows### (Dollars in Millions) (Note 1)#### Cash Flows from Operating Activities- **Net Earnings:** - 2019: $15,119 - 2018: $15,297 - 2017: $1,300- **Adjustments to Reconcile Net Earnings to Cash Flows from Operating Activities:** - Depreciation and amortization of property and intangibles: - 2019: $7,009 - 2018: $6,929 - 2017: $5,642 - Stock-based compensation: - 2019: $977 - 2018: $978 - 2017: $962 - Asset write-downs: - 2019: $1,906 - 2018: $1,258 - 2017: $795 - Gain on sale of assets/businesses: - 2019: $(2,154) - 2018: $(1,217) - 2017: $(1,307) - Deferred tax provision: - 2019: $(2,476) - 2018: $(1,016) - 2017: $2,406- **Net Cash Flows from Operating Activities:** - 2019: $23,416 - 2018: $22,201 - 2017: $21,056#### Cash Flows from Investing Activities- **Key Components:** - Additions to property, plant and equipment: - 2019: $(3,498) - 2018: $(3,670) - 2017: $(3,279) - Proceeds from the disposal of assets/businesses, net: - 2019: $3,265 - 2018: $3,303 - 2017: $1,832 - Acquisitions, net of cash acquired: - 2019: $(5,810) - 2018: $(899) - 2017: $(35,151)- **Net Cash Used by Investing Activities:** -

Definition: Statement of cash flows: Statement of cash flow is a financial statement that shows the…

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What is the largest financing activity outflow during the most recent year? (Indicate reconciling item and amount.) What was this transaction?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

What is the largest financing activity outflow during the most recent year? (Indicate reconciling item and amount.) What was this transaction?

# Johnson & Johnson and Subsidiaries
## Consolidated Statements of Cash Flows
### (Dollars in Millions) (Note 1)

#### Cash Flows from Operating Activities

- **Net Earnings:**
- 2019: $15,119
- 2018: $15,297
- 2017: $1,300

- **Adjustments to Reconcile Net Earnings to Cash Flows from Operating Activities:**
- Depreciation and amortization of property and intangibles:
- 2019: $7,009
- 2018: $6,929
- 2017: $5,642
- Stock-based compensation:
- 2019: $977
- 2018: $978
- 2017: $962
- Asset write-downs:
- 2019: $1,906
- 2018: $1,258
- 2017: $795
- Gain on sale of assets/businesses:
- 2019: $(2,154)
- 2018: $(1,217)
- 2017: $(1,307)
- Deferred tax provision:
- 2019: $(2,476)
- 2018: $(1,016)
- 2017: $2,406

- **Net Cash Flows from Operating Activities:**
- 2019: $23,416
- 2018: $22,201
- 2017: $21,056

#### Cash Flows from Investing Activities

- **Key Components:**
- Additions to property, plant and equipment:
- 2019: $(3,498)
- 2018: $(3,670)
- 2017: $(3,279)
- Proceeds from the disposal of assets/businesses, net:
- 2019: $3,265
- 2018: $3,303
- 2017: $1,832
- Acquisitions, net of cash acquired:
- 2019: $(5,810)
- 2018: $(899)
- 2017: $(35,151)

- **Net Cash Used by Investing Activities:**
-

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