In its 2014 annual report to shareholders, Johnson & Johnson, a consumerproducts company, reported the following financial results:
1. Revenues increased from \($71.3\) to \($74.3\) billion.
2. Net income increased from \($13.8\) to \($16.3\) billion.
3. Total assets decreased from \($132.6\) to \($131.6\) billion.
4. Shareholders’ equity decreased from \($74.0\) to \($69.7\) billion.
5. For the year, the cash flow from operating activities amounted to \($18.4\) billion, the cash flow from investing activities amounted to negative \($12.3\) billion, and the cash flow from financing activities amounted to \($14.5\) billion.
Discuss the possible explanations for the financial results of Johnson & Johnson.