10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Jan 1, 2017 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 1, 2017 | Jan 3, 2016 | Dec 28, 2014 | |
| Sales to customers | $ 71,890 | 70,074 | 74,331 |
| Cost of products sold | 21,685 | 21,536 | 22,746 |
| Gross profit | 50,205 | 48,538 | 51,585 |
| Selling, marketing and administrative expenses | 19,945 | 21,203 | 21,954 |
| Research and development expense | 9,095 | 9,046 | 8,494 |
| In-process research and development | 29 | 224 | 178 |
| Interest income | (368) | (128) | (67) |
| Interest expense, net of portion capitalized (Note 4) | 726 | 552 | 533 |
| Other (income) expense, net | 484 | (2,064) | (70) |
| Restructuring (Note 22) | 491 | 509 | 0 |
| Earnings before provision for taxes on income | 19,803 | 19,196 | 20,563 |
| Provision for taxes on income (Note 8) | 3,263 | 3,787 | 4,240 |
| Net earnings | 16,540 | 15,409 | 16,323 |
| Net earnings per share (Notes 1 and 15) | |||
| Basic (in dollars per share) | 6.04 | 5.56 | 5.80 |
| Diluted (in dollars per share) | 5.93 | 5.48 | 5.70 |
| Cash dividends per share (in dollars per share) | 3.15 | 2.95 | 2.76 |
| Average shares outstanding (Notes 1 and 15) | |||
| Basic (in shares) | 2,737,300 | 2,771,800 | 2,815,200 |
| Diluted (in shares) | 2,788,900 | 2,812,900 | 2,863,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 1, 2017 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 1, 2017 | Jan 3, 2016 | Dec 28, 2014 | |
| Net earnings | $ 16,540 | 15,409 | 16,323 |
| Other Comprehensive Income (Loss), net of tax | |||
| Foreign currency translation | (612) | (3,632) | (4,601) |
| Securities | |||
| Unrealized holding gain (loss) arising during period | (52) | 471 | 156 |
| Reclassifications to earnings | (141) | (124) | (5) |
| Net change | (193) | 347 | 151 |
| Employee benefit plans | |||
| Prior service credit (cost), net of amortization | 21 | (60) | 193 |
| Gain (loss), net of amortization | (862) | 931 | (3,698) |
| Effect of exchange rates | 159 | 148 | 197 |
| Net change | (682) | 1,019 | (3,308) |
| Derivatives & hedges | |||
| Unrealized gain (loss) arising during period | (359) | (115) | 92 |
| Reclassifications to earnings | 110 | (62) | (196) |
| Net change | (249) | (177) | (104) |
| Other comprehensive income (loss) | (1,736) | (2,443) | (7,862) |
| Total comprehensive income | 14,804 | 12,966 | 8,461 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JOHNSON & JOHNSON | |||
Ticker: JNJ Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 1, 2017 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 1, 2017 | Jan 3, 2016 | Dec 28, 2014 | |
| Net earnings | $ 16,540 | 15,409 | 16,323 |
| Cash flows from operating activities | |||
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||
| Depreciation and amortization of property and intangibles | 3,754 | 3,746 | 3,895 |
| Stock based compensation | 878 | 874 | 792 |
| Venezuela adjustments | 0 | 122 | 87 |
| Asset write-downs | 283 | 624 | 410 |
| Net gain on sale of assets/businesses | (563) | (2,583) | (2,383) |
| Deferred tax provision | (341) | (270) | 441 |
| Accounts receivable allowances | (11) | 18 | (28) |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Increase in accounts receivable | (1,065) | (433) | (247) |
| Increase in inventories | (249) | (449) | (1,120) |
| Increase in accounts payable and accrued liabilities | 656 | 287 | 1,194 |
| Decrease in other current and non-current assets | 18 | 65 | 442 |
| (Decrease)/Increase in other current and non-current liabilities | (1,133) | 2,159 | (1,096) |
| Net cash flows from operating activities | 18,767 | 19,569 | 18,710 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (3,226) | (3,463) | (3,714) |
| Proceeds from the disposal of assets/businesses, net | 1,267 | 3,464 | 4,631 |
| Acquisitions, net of cash acquired (Note 20) | (4,509) | (954) | (2,129) |
| Purchases of investments | (33,950) | (40,828) | (34,913) |
| Sales of investments | 35,780 | 34,149 | 24,119 |
| Other (primarily intangibles) | (123) | (103) | (299) |
| Net cash used by investing activities | (4,761) | (7,735) | (12,305) |
| Cash flows from financing activities | |||
| Dividends to shareholders | (8,621) | (8,173) | (7,768) |
| Repurchase of common stock | (8,979) | (5,290) | (7,124) |
| Proceeds from short-term debt | 111 | 2,416 | 1,863 |
| Retirement of short-term debt | (2,017) | (1,044) | (1,267) |
| Proceeds from long-term debt | 12,004 | 75 | 2,098 |
| Retirement of long-term debt | (2,223) | (68) | (1,844) |
| Proceeds from the exercise of stock options/employee withholding tax on stock awards, net | 1,189 | 1,005 | 1,543 |
| Other | (15) | (57) | 0 |
| Net cash used by financing activities | (8,551) | (11,136) | (12,499) |
| Effect of exchange rate changes on cash and cash equivalents | (215) | (1,489) | (310) |
| Increase/(Decrease) in cash and cash equivalents | 5,240 | (791) | (6,404) |
| Cash and cash equivalents, beginning of year (Note 1) | 13,732 | 14,523 | |
| Cash and cash equivalents, end of year (Note 1) | 18,972 | 13,732 | 14,523 |
| Supplemental cash flow data | |||
| Interest | 730 | 617 | 603 |
| Interest, net of amount capitalized | 628 | 515 | 488 |
| Income taxes | 2,843 | 2,865 | 3,536 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Treasury stock issued for employee compensation and stock option plans, net of cash proceeds/ employee withholding tax on stock awards | 2,043 | 1,486 | 1,409 |
| Conversion of debt | 35 | 16 | 17 |
| Acquisitions | |||
| Fair value of assets acquired | 4,586 | 1,174 | 2,167 |
| Fair value of liabilities assumed and noncontrolling interests | (77) | (220) | (38) |
| Net cash paid for acquisitions | 4,509 | 954 | 2,129 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
JOHNSON & JOHNSON | ||
Ticker: JNJ Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 1, 2017 10-K (Filed: Feb 27, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 1, 2017 | Jan 3, 2016 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (Notes 1 and 2) | $ 18,972 | 13,732 |
| Marketable securities (Notes 1 and 2) | 22,935 | 24,644 |
| Accounts receivable trade, less allowances for doubtful accounts $252 (2015, $268) | 11,699 | 10,734 |
| Inventories (Notes 1 and 3) | 8,144 | 8,053 |
| Prepaid expenses and other receivables | 3,282 | 3,047 |
| Total current assets | 65,032 | 60,210 |
| Property, plant and equipment, net (Notes 1 and 4) | 15,912 | 15,905 |
| Intangible assets, net (Notes 1 and 5) | 26,876 | 25,764 |
| Goodwill (Notes 1 and 5) | 22,805 | 21,629 |
| Deferred taxes on income (Note 8) | 6,148 | 5,490 |
| Other assets | 4,435 | 4,413 |
| Total assets | 141,208 | 133,411 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Loans and notes payable (Note 7) | 4,684 | 7,004 |
| Accounts payable | 6,918 | 6,668 |
| Accrued liabilities | 5,635 | 5,411 |
| Accrued rebates, returns and promotions | 5,403 | 5,440 |
| Accrued compensation and employee related obligations | 2,676 | 2,474 |
| Accrued taxes on income (Note 8) | 971 | 750 |
| Total current liabilities | 26,287 | 27,747 |
| Long-term debt (Note 7) | 22,442 | 12,857 |
| Deferred taxes on income (Note 8) | 2,910 | 2,562 |
| Employee related obligations (Notes 9 and 10) | 9,615 | 8,854 |
| Other liabilities | 9,536 | 10,241 |
| Total liabilities | 70,790 | 62,261 |
| 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) | (14,901) | (13,165) |
| Retained earnings | 110,551 | 103,879 |
| Stockholders' Equity before Treasury Stock | 98,770 | 93,834 |
| Less: common stock held in treasury, at cost (Note 12) (413,332,000 shares and 364,681,000 shares) | 28,352 | 22,684 |
| Total shareholders equity | 70,418 | 71,150 |
| Total liabilities and shareholders equity | 141,208 | 133,411 |
| External Links | |
| JOHNSON & JOHNSON (JNJ) Fiscal Year 2016 | |
| 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 |