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Johnson & Johnson (JNJ) | Income Statement

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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.

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Johnson & Johnson, Consolidated Income Statement

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Sales to customers
chart Cost of products sold
chart Gross profit
chart Selling, marketing and administrative expenses
chart Research and development expense
chart Purchased in-process research and development
chart Restructuring
chart Operating earnings
chart Interest income
chart Interest expense, net of portion capitalized
chart Other income (expense), net
chart Earnings before provision for taxes on income
chart Provision for taxes on income
chart Net earnings
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 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Johnson & Johnson's operating earnings increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
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 increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
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 increased from 2009 to 2010 but then declined significantly from 2010 to 2011.

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