10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 3, 2016 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 3, 2016 | Dec 28, 2014 | Dec 29, 2013 | |
| Sales to customers | $ 70,074 | 74,331 | 71,312 |
| Cost of products sold | 21,536 | 22,746 | 22,342 |
| Gross profit | 48,538 | 51,585 | 48,970 |
| Selling, marketing and administrative expenses | 21,203 | 21,954 | 21,830 |
| Research and development expense | 9,046 | 8,494 | 8,183 |
| In-process research and development | 224 | 178 | 580 |
| Interest income | (128) | (67) | (74) |
| Interest expense, net of portion capitalized (Note 4) | 552 | 533 | 482 |
| Other (income) expense, net | (2,064) | (70) | 2,498 |
| Restructuring (Note 22) | 509 | 0 | 0 |
| Earnings before provision for taxes on income | 19,196 | 20,563 | 15,471 |
| Provision for taxes on income (Note 8) | 3,787 | 4,240 | 1,640 |
| Net earnings | 15,409 | 16,323 | 13,831 |
| Net earnings per share (Notes 1 and 15) | |||
| Basic | 5.56 | 5.80 | 4.92 |
| Diluted | 5.48 | 5.70 | 4.81 |
| Cash dividends per share | 2.95 | 2.76 | 2.59 |
| Average shares outstanding (Notes 1 and 15) | |||
| Basic | 2,771,800 | 2,815,200 | 2,809,200 |
| Diluted | 2,812,900 | 2,863,900 | 2,877,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 3, 2016 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 3, 2016 | Dec 28, 2014 | Dec 29, 2013 | |
| Net earnings | $ 15,409 | 16,323 | 13,831 |
| Other Comprehensive Income (Loss), net of tax | |||
| Foreign currency translation | (3,632) | (4,601) | 94 |
| Securities | |||
| Unrealized holding gain (loss) arising during period | 471 | 156 | 225 |
| Reclassifications to earnings | (124) | (5) | (314) |
| Net change | 347 | 151 | (89) |
| Employee benefit plans | |||
| Prior service cost amortization during period | (21) | (18) | 9 |
| Prior service credit (cost) - current year | (39) | 211 | (27) |
| Gain amortization during period | 624 | 400 | 515 |
| Gain (loss) - current year | 307 | (4,098) | 2,203 |
| Effect of exchange rates | 148 | 197 | 8 |
| Net change | 1,019 | (3,308) | 2,708 |
| Derivatives & hedges | |||
| Unrealized gain (loss) arising during period | (115) | 92 | 344 |
| Reclassifications to earnings | (62) | (196) | (107) |
| Net change | (177) | (104) | 237 |
| Other comprehensive income (loss) | (2,443) | (7,862) | 2,950 |
| Total comprehensive income | 12,966 | 8,461 | 16,781 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 3, 2016 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 3, 2016 | Dec 28, 2014 | Dec 29, 2013 | |
| Net earnings | $ 15,409 | 16,323 | 13,831 |
| Cash flows from operating activities | |||
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 3,746 | 3,895 | 4,104 |
| Stock based compensation | 874 | 792 | 728 |
| Venezuela adjustments | 122 | 87 | 108 |
| Asset write-downs | 624 | 410 | 739 |
| Net gain on sale of assets/businesses | (2,583) | (2,383) | (113) |
| Net gain on equity investment transactions | 0 | 0 | (417) |
| Deferred tax provision | (270) | 441 | (607) |
| Accounts receivable allowances | 18 | (28) | (131) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (433) | (247) | (632) |
| Increase in inventories | (449) | (1,120) | (622) |
| (Decrease)/Increase in accounts payable and accrued liabilities | (3) | 955 | 1,821 |
| Decrease/(Increase) in other current and non-current assets | 65 | 442 | (1,693) |
| Increase/(Decrease) in other current and non-current liabilities | 2,159 | (1,096) | 298 |
| Net cash flows from operating activities | 19,279 | 18,471 | 17,414 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,463) | (3,714) | (3,595) |
| Proceeds from the disposal of assets/businesses, net | 3,464 | 4,631 | 458 |
| Acquisitions, net of cash acquired (Note 20) | (954) | (2,129) | (835) |
| Purchases of investments | (40,828) | (34,913) | (18,923) |
| Sales of investments | 34,149 | 24,119 | 18,058 |
| Other (primarily intangibles) | (103) | (299) | (266) |
| Net cash used by investing activities | (7,735) | (12,305) | (5,103) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (8,173) | (7,768) | (7,286) |
| Repurchase of common stock | (5,290) | (7,124) | (3,538) |
| Proceeds from short-term debt | 2,416 | 1,863 | 1,411 |
| Retirement of short-term debt | (1,044) | (1,267) | (1,397) |
| Proceeds from long-term debt | 75 | 2,098 | 3,607 |
| Retirement of long-term debt | (68) | (1,844) | (1,593) |
| Proceeds from the exercise of stock options/excess tax benefits | 1,295 | 1,782 | 2,649 |
| Other | (57) | 0 | 56 |
| Net cash used by financing activities | (10,846) | (12,260) | (6,091) |
| Effect of exchange rate changes on cash and cash equivalents | (1,489) | (310) | (204) |
| (Decrease)/Increase in cash and cash equivalents | (791) | (6,404) | 6,016 |
| Cash and cash equivalents, beginning of year (Note 1) | 14,523 | 20,927 | 14,911 |
| Cash and cash equivalents, end of year (Note 1) | 13,732 | 14,523 | 20,927 |
| Supplemental Cash Flow Data | |||
| Interest paid | 617 | 603 | 596 |
| Interest paid, net of amount capitalized | 515 | 488 | 491 |
| Income taxes paid | 2,865 | 3,536 | 3,155 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Treasury Stock Issued For Employee Compensation And Stock Option Plans Net Of Cash Proceeds | 1,196 | 1,170 | 743 |
| Conversion of debt | 16 | 17 | 22 |
| Acquisitions | |||
| Fair value of assets acquired | 1,174 | 2,167 | 1,028 |
| Fair value of liabilities assumed and noncontrolling interests | (220) | (38) | (193) |
| Net cash paid for acquisitions | 954 | 2,129 | 835 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JOHNSON & JOHNSON | ||
Ticker: JNJ Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 3, 2016 10-K (Filed: Feb 24, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 3, 2016 | Dec 28, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (Notes 1 and 2) | $ 13,732 | 14,523 |
| Marketable securities (Notes 1 and 2) | 24,644 | 18,566 |
| Accounts receivable trade, less allowances for doubtful accounts $268 (2014, $275) | 10,734 | 10,985 |
| Inventories (Notes 1 and 3) | 8,053 | 8,184 |
| Prepaid expenses and other receivables | 3,047 | 3,486 |
| Total current assets | 60,210 | 55,744 |
| Property, plant and equipment, net (Notes 1 and 4) | 15,905 | 16,126 |
| Intangible assets, net (Notes 1 and 5) | 25,764 | 27,222 |
| Goodwill (Notes 1 and 5) | 21,629 | 21,832 |
| Deferred taxes on income (Note 8) | 5,490 | 6,202 |
| Other assets | 4,413 | 3,232 |
| Total assets | 133,411 | 130,358 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Loans and notes payable (Note 7) | 7,004 | 3,638 |
| Accounts payable | 6,668 | 7,633 |
| Accrued liabilities | 5,411 | 6,553 |
| Accrued rebates, returns and promotions | 5,440 | 4,010 |
| Accrued compensation and employee related obligations | 2,474 | 2,751 |
| Accrued taxes on income (Note 8) | 750 | 446 |
| Total current liabilities | 27,747 | 25,031 |
| Long-term debt (Note 7) | 12,857 | 15,122 |
| Deferred taxes on income (Note 1 & 8) | 2,562 | 2,447 |
| Employee related obligations (Notes 9 and 10) | 8,854 | 9,972 |
| Other liabilities | 10,241 | 8,034 |
| Total liabilities | 62,261 | 60,606 |
| Shareholders' equity: | ||
| Preferred stock without par value (authorized and unissued 2,000,000 shares) | 0 | 0 |
| Common stock par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) | 3,120 | 3,120 |
| Accumulated other comprehensive income (Note 13) | (13,165) | (10,722) |
| Retained earnings | 103,879 | 97,245 |
| Stockholders' Equity before Treasury Stock | 93,834 | 89,643 |
| Less: common stock held in treasury, at cost (Note 12) (364,681,000 shares and 336,620,000 shares) | 22,684 | 19,891 |
| Total shareholders equity | 71,150 | 69,752 |
| Total liabilities and shareholders equity | 133,411 | 130,358 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |