Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

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Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
Sep 28, 2025 Jun 29, 2025 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: 2025-09-28), 10-Q (reporting date: 2025-06-29), 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 shows a fluctuating trend from 2020 to 2025. After an initial decline from 10.02% in March 2020 to about 7.06% in June 2020, it rises gradually to peak at 19.87% in March 2025 and then drops sharply afterward. This indicates varying liquidity levels, with notable peaks indicating periods of increased cash reserves.
Restricted Cash
Restricted cash appears only once at 3.93% of total assets in December 2022 and is otherwise absent, suggesting a temporary or one-time classification during this period.
Marketable Securities
Marketable securities as a percentage of total assets increased from 1.61% in March 2020 to a high of 12.98% in October 2022. However, after this peak, there is a significant decline through 2023 and 2024, falling below 0.5% by late 2024 and remaining low thereafter. This pattern suggests a possible liquidation or reallocation of short-term investments post-2022.
Accounts Receivable, Trade
Trade accounts receivable consistently represent between approximately 7.76% and 9.25% of total assets throughout the periods, with minor fluctuations but no clear upward or downward long-term trend. This indicates relatively stable receivables management relative to asset size.
Inventories
The inventory portion fluctuates around 5.3% to 7.3% of total assets, with a generally slight upward trend toward the later periods, suggesting a gradual build-up or maintenance of inventory levels relative to assets.
Prepaid Expenses and Other Current Assets
This category remains relatively stable between roughly 1.25% and 2.7% of total assets. The values show an uptick in late 2023 and early 2024, indicating an increase in prepaid expenses or similar assets during that time.
Assets Held for Sale
This item is minimal and appears only in early 2020, with no continued presence afterward, implying limited activity in asset disposals classified as held for sale.
Current Assets
Current assets as a percentage of total assets remain mostly in the range of 28% to 37%. There are spikes around late 2022 and early 2025, reflecting changes in cash equivalents, marketable securities, or other current items contributing to fluctuations.
Property, Plant, and Equipment at Cost
The proportion of these assets is fairly stable around 26-28%, reflecting consistent investment or retention in fixed assets over the period examined.
Accumulated Depreciation
Accumulated depreciation consistently accounts for around -15.7% to -16.7% of total assets, showing steady depreciation expense relative to asset base, without significant trend changes.
Property, Plant, and Equipment, Net
Net property, plant, and equipment fluctuate modestly around 10%-12% of total assets, indicating steady net investment and depreciation patterns over time.
Intangible Assets, Net
The intangible asset base shows a declining trend from about 30.5% in early 2020 to near 19% in 2025, with some volatility. This decrease suggests amortization, disposals, or revaluations affecting the intangible asset portfolio over time.
Goodwill
Goodwill as a percentage of total assets remains relatively stable, fluctuating mostly between 19% and 25%, albeit with some spikes during late 2022 and mid-2024 periods. This suggests ongoing acquisitions or impairments affecting goodwill values irregularly.
Deferred Taxes on Income
The balance of deferred taxes on income varies between approximately 3.5% and 6.1%, showing some decrease toward the later years, which could indicate changing tax assets or liabilities linked to timing differences in income recognition.
Other Assets
Other assets range from roughly 3.2% up to just over 8%, peaking noticeably between late 2023 and early 2024. This could correspond to intangible or miscellaneous asset increases not captured in major categories during those periods.
Non-Current Assets
Non-current assets maintain a majority share, fluctuating between about 63% and 71% of total assets. The proportion remains stable overall, underscoring a consistent asset base concentrated in long-term investments, PPE, goodwill, and intangibles.
Total Assets
Total assets are normalized to 100% as expected, serving as the baseline for these proportional analyses.