Free Cash Flow to The Firm (FCFF)
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Johnson & Johnson, FCFF calculation
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Net earnings | |
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Add: Net noncash charges | |
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Less: Changes in assets and liabilities, net of effects from acquisitions | |
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Net cash flows from operating activities | |
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Add: Cash paid during the year for interest, net of tax | |
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Less: Additions to property, plant and equipment | |
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Free cash flow to the firm (FCFF) | |
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| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Johnson & Johnson's suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Johnson & Johnson's FCFF declined from 2009 to 2010 and from 2010 to 2011. |