Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

$24.99

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

Johnson & Johnson, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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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
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: 2025-09-28), 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).


Current liabilities
The current liabilities as a percentage of total liabilities and equity show a general upward trend from 21.73% to a peak around 30.81% in early 2023, before stabilizing in the high 20s range through mid-2025. This indicates an increasing proportion of short-term obligations relative to the company's overall financial structure over the observed period.
Loans and notes payable
This category exhibits fluctuations with the percentage generally remaining below 3% until late 2022, when it spikes significantly to over 9%, before falling back to lower levels near 2-5% in subsequent periods. These spikes suggest episodic increases in borrowing or refinancing activities within certain quarters.
Accounts payable
Accounts payable remains relatively stable, hovering around 4.5% to 6.25%. Minor oscillations are observed, but no significant upward or downward trend is evident, indicating consistent short-term payment obligations held by the company relative to its equity and liabilities.
Accrued liabilities
There is a noticeable rise from about 5.4% to nearly 8% around end of 2020, followed by a gradual decline to under 4% by mid-2025. This reflects an initial buildup of accrued expenses which then steadily decreases, potentially due to improved expense management or changes in the timing of accruals.
Accrued rebates, returns and promotions
This component shows a slight but steady increase from roughly 7.5% to over 11% by mid-2025, indicating growing obligations related to rebates and promotions, which might reflect increased sales programs or marketing incentives impacting liabilities.
Accrued compensation and employee-related obligations
The percentage fluctuates between ~1.1% and 2.4% without a strong directional trend, suggesting relative stability in employee-related liabilities with some periodic increases possibly linked to payroll cycles or bonus accruals.
Accrued taxes on income
Accrued income taxes initially decline from over 1.2% to about 0.8% in 2020, then gradually increase peaking around 2.7% in late 2023 before fluctuating thereafter. This pattern may reflect variations in profitability or tax payment timing across periods.
Long-term debt, excluding current portion
This shows moderate variability within a range of approximately 14.3% to 20.4%. Though generally stable around high teens, a slight upward trend towards the later periods suggests some increase in longer-term borrowing obligations.
Deferred taxes on income
Deferred tax liabilities decline from around 3.7% to below 2% over most of the period, with some minor variation afterwards. This could indicate changing deferred tax assets/liabilities dynamics, possibly impacted by tax rate changes or timing differences.
Employee related obligations
The percentage decreases from roughly 6.8% to about 3.6%, reaching its lowest in mid-2025. This downward trend suggests a reduction in benefits or obligations related to employee compensation besides direct accruals.
Long-term taxes payable
This liability decreases significantly from about 4.8% to below 0.3% by mid-2025, showing a substantial reduction in long-term tax obligations. This drop may be the result of settlements or adjustments in tax circumstances.
Other liabilities
While somewhat variable, other liabilities generally range from about 5% to 9.7%, with a notable peak near 9.7% in late 2024. The increase toward the end of the observed period may indicate newly recognized or increased miscellaneous obligations.
Total liabilities
Total liabilities steadily hover around 58% to 64%, with some variability over the quarters. The highest peaks occur around late 2022 to early 2023, followed by a gentle decrease. This steady level of liabilities indicates the company's obligation mix remains a consistent portion of the total financial structure.
Total equity and shareholders’ equity
Equity percentages inversely reflect liabilities, typically at 36% to 42%. Notably, equity spikes to over 42% during certain periods in 2023 and 2024, partly influenced by changes in retained earnings and treasury stock components. Treasury stock shows a marked increase in negative value around late 2023, suggesting significant share repurchases during that interval.
Accumulated other comprehensive loss
This item generally improves (less negative) from around -10.5% to approximately -5.3% before oscillating near -7% toward mid-2025, indicating some reduction in accumulated losses from foreign currency translation and other comprehensive items during the period.
Retained earnings and Additional paid-in capital
There is variability in this category with a notable surge to over 90% around late 2023, which implies a large increase in retained earnings and paid-in capital relative to total equity during that timeframe. This may reflect strong earnings retention or capital injections.
Common stock held in treasury
The treasury stock balance remains negative and shows an unusual doubling in magnitude (reaching -45.5%) around late 2023. This indicates a significant increase in share repurchases or treasury holdings during that period, which would reduce equity reported on the balance sheet.