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

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Johnson & Johnson, consolidated balance sheet: assets

US$ in millions

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Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 13,985  17,305  18,107  17,824  18,972 
Marketable securities 11,200  1,982  1,580  472  22,935 
Accounts receivable trade, less allowances for doubtful accounts 13,576  14,481  14,098  13,490  11,699 
Inventories 9,344  9,020  8,599  8,765  8,144 
Prepaid expenses and other receivables 3,132  2,392  2,699  2,537  3,282 
Assets held for sale —  94  950  —  — 
Current assets 51,237  45,274  46,033  43,088  65,032 
Property, plant and equipment, net 18,766  17,658  17,035  17,005  15,912 
Intangible assets, net 53,402  47,643  47,611  53,228  26,876 
Goodwill 36,393  33,639  30,453  31,906  22,805 
Deferred taxes on income 8,534  7,819  7,640  7,105  6,148 
Other assets 6,562  5,695  4,182  4,971  4,435 
Non-current assets 123,657  112,454  106,921  114,215  76,176 
Total assets 174,894  157,728  152,954  157,303  141,208 

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Johnson & Johnson’s current assets decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Johnson & Johnson’s property, plant and equipment, net increased from 2018 to 2019 and from 2019 to 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Johnson & Johnson’s non-current assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Johnson & Johnson’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Johnson & Johnson’s cash and cash equivalents decreased from 2018 to 2019 and from 2019 to 2020.
Marketable securities Amount of investment in marketable security, classified as current. Johnson & Johnson’s marketable securities increased from 2018 to 2019 and from 2019 to 2020.
Accounts receivable trade, less allowances for doubtful accounts Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Johnson & Johnson’s accounts receivable trade, less allowances for doubtful accounts increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Johnson & Johnson’s inventories increased from 2018 to 2019 and from 2019 to 2020.