Stock Analysis on Net
Stock Analysis on Net
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Johnson & Johnson (NYSE:JNJ)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

Johnson & Johnson, common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Loans and notes payable 1.50 0.76 1.83 2.48 3.32
Accounts payable 5.43 5.42 4.93 4.65 4.90
Accrued liabilities 7.99 6.16 4.97 4.64 3.99
Accrued rebates, returns and promotions 6.58 6.90 6.13 4.58 3.83
Accrued compensation and employee related obligations 1.99 2.13 2.03 1.88 1.90
Accrued taxes on income 0.80 1.44 0.53 1.18 0.69
Current liabilities 24.30% 22.80% 20.42% 19.41% 18.62%
Long-term debt, excluding current portion 18.66 16.80 18.10 19.50 15.89
Deferred taxes on income 4.12 3.78 4.91 5.32 2.06
Employee related obligations 6.16 6.76 6.51 6.40 6.81
Long-term taxes payable 3.75 4.72 5.39 5.39 0.00
Other liabilities 6.83 7.44 5.62 5.73 6.75
Non-current liabilities 39.52% 39.49% 40.52% 42.34% 31.52%
Total liabilities 63.82% 62.30% 60.93% 61.76% 50.13%
Preferred stock, without par value, unissued 0.00 0.00 0.00 0.00 0.00
Common stock, par value $1.00 per share 1.78 1.98 2.04 1.98 2.21
Accumulated other comprehensive loss -8.71 -10.07 -9.95 -8.39 -10.55
Retained earnings 65.12 70.16 69.44 64.71 78.29
Common stock held in treasury, at cost -22.01 -24.36 -22.47 -20.06 -20.08
Shareholders’ equity 36.18% 37.70% 39.07% 38.24% 49.87%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2021-02-22), 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-27).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Johnson & Johnson’s current liabilities as a percentage of total liabilities and shareholders’ equity increased from 2018 to 2019 and from 2019 to 2020.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Johnson & Johnson’s non-current liabilities as a percentage of total liabilities and shareholders’ equity decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Johnson & Johnson’s total liabilities as a percentage of total liabilities and shareholders’ equity increased from 2018 to 2019 and from 2019 to 2020.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Johnson & Johnson’s shareholders’ equity as a percentage of total liabilities and shareholders’ equity decreased from 2018 to 2019 and from 2019 to 2020.