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Johnson & Johnson (JNJ) | Income Statement

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Johnson & Johnson, Consolidated Income Statement

Source: Johnson & Johnson, Annual Reports

Item	Description	The company
Sales to customers	Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.	Johnson & Johnson's sales to customers declined from 2008 to 2009 and from 2009 to 2010.
Operating earnings	The net result for the period of deducting operating expenses from operating revenues.	Johnson & Johnson's operating earnings declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level.
Earnings before provision for taxes on income	Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.	Johnson & Johnson's earnings before provision for taxes on income declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level.
Net earnings	The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.	Johnson & Johnson's net earnings declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level.

February 8, 2012