Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
Paying user area
Try for free
Johnson & Johnson pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Johnson & Johnson for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Johnson & Johnson, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-29), 10-K (reporting date: 2025-12-28), 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).
Total assets demonstrate a consistent long-term growth trajectory, increasing from 172.5 billion in April 2021 to 200.9 billion by March 2026. While the overall trend is positive, the composition of the asset base has undergone significant structural shifts, particularly regarding liquidity management and the valuation of non-current assets.
- Liquidity and Cash Management
- A profound shift in liquidity strategy is evident in the relationship between cash and marketable securities. Marketable securities peaked at 22.7 billion in October 2022 before entering a precipitous decline, falling to under 1 billion by December 2023 and remaining below 400 million through March 2026. Conversely, cash and cash equivalents exhibit high volatility, characterized by a substantial surge in March 2025 to 38.5 billion before stabilizing between 18 billion and 22 billion in the subsequent periods. This suggests a strategic move away from short-term investment vehicles toward more immediate cash holdings.
- Operational Working Capital
- Current operational assets show a steady upward trend. Accounts receivable grew from approximately 14.9 billion in early 2021 to 17.7 billion by March 2026, indicating an expansion in credit sales or a lengthening of the collection cycle. Similarly, inventories increased from 9.9 billion to 14.6 billion over the same period, reflecting a gradual expansion of the operational footprint or strategic stockpiling to mitigate supply chain risks.
- Fixed and Long-Term Assets
- Net property, plant, and equipment increased steadily from 18.4 billion in April 2021 to 23.3 billion in March 2026, signaling consistent capital expenditure in physical infrastructure. Non-current assets overall rose from 120 billion to 141.7 billion, though this growth was non-linear due to volatility in intangible assets and goodwill.
- Intangibles and Goodwill
- Goodwill and intangible assets represent a significant portion of the balance sheet and show signs of strategic volatility. Goodwill experienced a sharp increase between October 2022 and December 2022, rising from 33.4 billion to 45.2 billion, and further increased to 48.6 billion by late 2025, likely reflecting acquisition activity. Intangible assets, net, showed more fluctuation, dropping significantly in late 2023 before rebounding to 49.1 billion by March 2026, suggesting a cycle of impairment followed by new asset recognition.
- Deferred Tax Assets
- Deferred taxes on income have followed a general downward trend, decreasing from a peak of 10.8 billion in July 2021 to 6.7 billion by March 2026. This contraction indicates a reduction in temporary differences between accounting and taxable income over the observed period.