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.

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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?

# 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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