Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Johnson & Johnson, common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Loans and notes payable
Accounts payable
Accrued liabilities
Accrued rebates, returns and promotions
Accrued compensation and employee related obligations
Accrued taxes on income
Current liabilities
Long-term debt, excluding current portion
Deferred taxes on income
Employee related obligations
Long-term taxes payable
Other liabilities
Non-current liabilities
Total liabilities
Common stock, par value $1.00 per share
Accumulated other comprehensive loss
Retained earnings and Additional paid-in capital
Common stock held in treasury, at cost
Total Johnson & Johnson shareholders’ equity
Equity attributable to non-controlling interest
Total equity
Total liabilities and shareholders’ equity

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).


Loans and Notes Payable
The proportion of loans and notes payable generally fluctuates moderately between about 1.4% and 3.4% from early 2020 through 2022, with two notable spikes in late 2022 (up to 6.82%) and mid-2023 (reaching 9.17%). After these peaks, the ratio decreases sharply to near 2% by the end of 2023, followed by renewed volatility and moderate increases in early 2025.
Accounts Payable
Accounts payable remains relatively stable throughout the period, oscillating mostly within the range of approximately 4.1% to 6.3%. There is a mild upward trend from 2022 toward the end of the dataset, suggesting slightly increasing obligations towards suppliers or vendors as a share of total liabilities and equity.
Accrued Liabilities
Accrued liabilities show initial growth from 5.4% in early 2020 to nearly 8% by the end of 2020, followed by a gradual decline to around 4-6% in 2024 and 2025. This indicates some variability initially but a general reduction in these obligations relative to total liabilities and equity over time.
Accrued Rebates, Returns, and Promotions
These accrued costs remain consistently significant, generally ranging between 6.5% and 10.3%, with a noticeable upward drift after early 2022, peaking around 10.3% near late 2024. This suggests that the company has recorded increasing liabilities related to rebates, returns, or sales promotions as a percentage of total financing sources.
Accrued Compensation and Employee-Related Obligations
This category remains relatively low but fluctuates between approximately 1.1% and 2.4%, showing periodic increases especially toward the end of 2023 and into 2024. This reflects variable expenses related to employee compensation obligations in relation to total capital.
Accrued Taxes on Income
The accrued taxes on income show a generally upward trend starting near 1.25% in early 2020, with increases peaking above 2.7% around the end of 2024. This signals growing tax liabilities relative to the company's financing structure.
Current Liabilities
Current liabilities remain a significant and slightly increasing portion of total liabilities and equity, rising from roughly 21.7% in early 2020 to near 30% by late 2022, followed by some fluctuations but generally stabilizing around 28-30% to early 2025. The trend suggests a gradual increase in short-term financial obligations over the period.
Long-Term Debt, Excluding Current Portion
Long-term debt shows moderate fluctuations around the 15-19% range, with peaks near 19.8% in early 2025. After a rise between mid-2020 to late 2020, the ratio drops in 2022 but increases again in 2023 and 2024, indicating varying long-term borrowing levels within the overall capital structure.
Deferred Taxes on Income
Deferred taxes present a decreasing trend, declining from around 3.7% in early 2020 to around 1.2% by early 2025. This change points to diminishing deferred tax liabilities as part of total liabilities and equity.
Employee Related Obligations
This component steadily decreases from near 6.8% in early 2020 to around 3.4-4.0% more recently, reflecting a reduction in employee-related long-term obligations relative to the total financing base.
Long-Term Taxes Payable
Long-term taxes payable decline markedly from near 4.8% in early 2020 to about 0.2% by late 2024, indicating a significant reduction in outstanding tax liabilities due beyond one year.
Other Liabilities
Other liabilities maintain relative stability, fluctuating mostly between 5.5% and 9.7%. A notable spike is observed in late 2024, suggesting an increase in miscellaneous or less specified obligations within the capital structure.
Non-Current Liabilities
Non-current liabilities show a gradual decline from approximately 39% in early 2020 to around 30% by early 2025, indicating a reduction in obligations due beyond one year within the company's total liabilities and equity.
Total Liabilities
Total liabilities hold a steady proportion of approximately 57-64% throughout the period, showing moderate volatility but no strong directional trend, indicating that liabilities consistently represent around three-fifths of the combined liabilities and equity.
Common Stock, Par Value
The share of common stock par value remains relatively constant around 1.6-2.0% of total liabilities and equity, indicating stable capitalization through shares in terms of nominal value.
Accumulated Other Comprehensive Loss
This item consistently registers negative values around -5.3% to -10.5%, with no clear upward or downward trend but some fluctuations that may reflect changing unrealized losses or adjustments in comprehensive income components.
Retained Earnings and Additional Paid-in Capital
This component exhibits variability between roughly 63.5% to nearly 92%, with a pronounced increase beginning in late 2022 and peaking markedly in late 2023. Following this peak, there is a gradual downward correction into 2024 and 2025, indicating significant changes in earned surplus and capital contributions relative to total financing.
Common Stock Held in Treasury, at Cost
The treasury stock portion trends consistently negative and grows in magnitude, particularly between 2022 and late 2023, reaching approximately -45.5%. After this period, the negative percentage reduces slightly but remains substantially higher in magnitude than in earlier years, signifying an increased proportion of repurchased shares held as treasury stock.
Total Shareholders’ Equity
Total shareholders' equity maintains a range between approximately 36% and 43%, with occasional improvements towards 42-43% in late 2022 and 2023, followed by fluctuations stabilizing around 40% through 2025. This reflects a relatively stable equity base with moderate periodic gains.
Total Liabilities and Shareholders’ Equity
The total of liabilities and equity consistently sums to 100%, confirming the balance sheet identity, with all components collectively representing the full financing mix of the company at every measurement date.