Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

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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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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: 2025-06-29), 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 fluctuated between approximately 5.87% and 19.87% over the examined periods. Notably, there was a marked increase starting around early 2023, peaking at close to 19.87% in March 2025, before dropping again by June 2025. This suggests periods of liquidity accumulation followed by utilization or reallocation of cash resources.
Restricted cash
Restricted cash appeared as a distinct line item in one quarter at 3.93% of total assets, with no other data points provided. Its isolated presence may indicate a specific, time-limited cash restriction event during the period.
Marketable securities
Marketable securities showed an initial upward trend from 1.61% to a high of around 12.98% by late 2022, followed by a sharp decline to below 1% in the subsequent quarters. This shifting pattern indicates a move away from liquid investment securities after a period of buildup.
Accounts receivable, trade, less allowances
This category remained relatively stable throughout, ranging mostly between 7.76% and 9.25%, with slight variations but no significant upward or downward trends. The consistency suggests stable credit sales relative to the asset base.
Inventories
Inventory levels as a percentage of total assets showed a mild increasing tendency, rising from around 5.34% to as high as 7.07% in late 2024, followed by a moderate decrease. This trend may reflect inventory buildup in anticipation of demand or supply chain considerations.
Prepaid expenses and other
Prepaid expenses and other assets exhibited some variability, generally staying in the 1.25% to 2.69% range. A notable spike occurred in late 2023 and early 2024, which may be linked to changes in operational prepayments or timing differences in expense recognition.
Assets held for sale
This asset category appeared briefly early in the dataset at a negligible percentage, then disappeared from subsequent data, indicating a possible one-time or short-term asset divestiture.
Current assets
Current assets as a whole fluctuated moderately, generally between 28.18% and 37.25%. Peaks and troughs correspond with movements in cash, marketable securities, and receivables, indicating dynamic working capital management.
Property, plant and equipment at cost
The cost basis of property, plant, and equipment (PP&E) remained relatively steady, hovering around 25.7% to 28.51%, reflecting consistent investment or maintenance in fixed assets.
Accumulated depreciation
Accumulated depreciation consistently remained stable at approximately -14.98% to -16.71%, indicating the ongoing amortization of PP&E over time without significant large-scale retirements or impairments.
Property, plant and equipment, net
Net PP&E (cost less accumulated depreciation) demonstrated slight growth from approximately 10.29% to a peak of 11.88%, suggesting steady asset base expansion or valuation adjustments.
Intangible assets, net
Net intangible assets showed a general downward trend from around 30.54% early on to lows near 18.98%, with some rebounds subsequently, indicating amortization or impairment events alongside occasional intangible asset additions.
Goodwill
Goodwill as a percentage of total assets fluctuated between roughly 19.22% and 25.13%, without a consistent directional trend. The variability suggests periodic acquisitions or adjustments to recorded goodwill values.
Deferred taxes on income
Deferred tax assets/liabilities maintained a fairly narrow range, mostly between 3.52% and 6.12%. Some variation is noted, possibly due to shifts in tax planning or timing differences in recognizing tax effects.
Other assets
Other assets showed an increasing trend from about 3.25% to peaks near 8.45% in late 2023, then moderated. This may reflect accumulation of miscellaneous or specialized assets not otherwise categorized.
Non-current assets
Non-current assets consistently comprised a majority of total assets, fluctuating between approximately 62.75% and 71.82%. This stability underscores a fixed asset and intangible-heavy asset structure throughout the periods analyzed.
Total assets
Total assets are consistently represented as 100%, serving as a baseline for relative comparisons.