Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Johnson & Johnson, common-size consolidated balance sheet: assets (quarterly data)

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Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020
Cash and cash equivalents
Restricted cash
Marketable securities
Accounts receivable, trade, less allowances
Inventories
Prepaid expenses and other
Assets held for sale
Current assets
Property, plant and equipment at cost
Accumulated depreciation
Property, plant and equipment, net
Intangible assets, net
Goodwill
Deferred taxes on income
Other assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibits notable fluctuations over the analyzed periods. Starting at 10.02% in early 2020, it declined to a low around 5.87% in early 2022 before gradually increasing again, reaching a peak of 19.87% by the first quarter of 2025. This suggests an increasing emphasis on liquid assets towards the end of the period.
Restricted Cash
Restricted cash data is sparse, only appearing in early 2023 at 3.93% of total assets. The absence in other periods may indicate a temporary classification or reporting change.
Marketable Securities
Marketable securities show a rising trend from 1.61% in early 2020 to a peak of 12.98% by late 2022, followed by a significant decline to below 1% by late 2024 and early 2025. This pattern may reflect shifts between cash and securities holdings or changes in investment strategy.
Accounts Receivable, Trade, Less Allowances
Accounts receivable as a percentage of total assets remained relatively stable, fluctuating mildly between 7.76% and 9.6%, without a clear upward or downward trend, indicating consistent management of receivables.
Inventories
Inventories show gradual growth from approximately 5.34% in late 2020 to levels around 7% by late 2024, indicating an increase in stock levels relative to total assets over time.
Prepaid Expenses and Other
Prepaid expenses and similar items fluctuated, ranging from about 1.25% to 2.69%, with a subtle increasing trend toward the later quarters, suggesting adjustments in advance payments or other assets.
Assets Held for Sale
Assets held for sale data is limited and only recorded at minimal levels (0.05% to 0.07%) in early periods, indicating negligible impact overall.
Current Assets
Current assets as a whole displayed variability, spanning from about 28.5% to 37.25% of total assets. The highest points appear in 2022, followed by some decline and renewed increases into 2025, signaling shifts in asset liquidity composition.
Property, Plant and Equipment at Cost
The cost basis of property, plant, and equipment remained fairly steady around 26–28% of total assets, showing consistent investment in fixed assets without significant expansion or contraction.
Accumulated Depreciation
Accumulated depreciation relative to total assets stayed within a narrow range near -16%, reflecting consistent asset aging and depreciation policies.
Property, Plant and Equipment, Net
The net value of property, plant, and equipment held steady around 10–12% of total assets, indicating stable net fixed asset investment.
Intangible Assets, Net
Intangible assets showed a clear downward trend, declining from approximately 30.5% in early 2020 to below 19% by early 2025, representing a significant reduction in intangible asset value proportion.
Goodwill
Goodwill remained a substantial component, varying around 19–25% of total assets. Some volatility is observed, with a peak in late 2022 and gradual easing toward 2025, possibly reflecting acquisition activity and impairment considerations.
Deferred Taxes on Income
The proportion of deferred taxes fluctuated between roughly 4.4% and 6.1%, without a strong trend, implying stable tax asset management.
Other Assets
Other assets increased notably around 2023, reaching up to approximately 8.5% before slightly declining, indicating possible reclassification or growth in miscellaneous asset categories.
Non-current Assets
Non-current assets generally represented the majority of total assets, fluctuating between about 63% and 71%. The trend shows some variation but remains the dominant asset category through the period.
Total Assets
Total assets remained constant at 100% by definition, serving as the base for all other percentages.