Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

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Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Loans and notes payable 2,190  1,202  2,299  1,719  1,708  2,796  1,773  2,678  2,696  3,906  8,491  7,209  5,355  4,684  3,443  1,708  3,116  7,004  5,677  5,222  4,045 
Accounts payable 7,411  8,544  7,491  6,912  6,923  7,537  7,000  6,516  6,443  7,310  6,390  6,135  6,082  6,918  5,971  6,061  5,965  6,668  5,928  6,140  6,719 
Accrued liabilities 8,384  9,715  9,004  8,297  7,946  7,601  6,044  6,394  6,535  7,304  5,897  6,076  5,262  5,635  5,283  5,650  4,996  5,411  5,062  5,319  5,575 
Accrued rebates, returns and promotions 11,608  10,883  10,977  10,433  9,523  9,380  8,684  8,717  7,956  7,210  6,945  6,319  5,451  5,403  5,181  5,259  5,259  5,440  5,338  4,840  4,697 
Accrued compensation and employee related obligations 2,166  3,354  2,886  2,291  1,986  3,098  2,840  2,255  1,892  2,953  2,900  2,374  1,836  2,676  2,554  2,168  1,830  2,474  2,324  2,075  1,557 
Accrued taxes on income 1,930  2,266  2,505  1,701  1,025  818  1,096  928  1,559  1,854  1,183  759  1,133  971  798  690  968  750  931  916  1,243 
Current liabilities 33,689  35,964  35,162  31,353  29,111  31,230  27,437  27,488  27,081  30,537  31,806  28,872  25,119  26,287  23,230  21,536  22,134  27,747  25,260  24,512  23,836 
Long-term debt, excluding current portion 25,393  26,494  26,919  27,699  27,660  27,684  29,480  29,405  29,837  30,675  26,675  27,363  27,015  22,442  23,546  24,535  20,233  12,857  14,073  14,085  14,938 
Deferred taxes on income 5,766  5,958  6,526  7,725  7,394  7,506  7,711  7,666  8,057  8,368  4,410  4,846  3,308  2,910  3,193  2,849  2,877  2,562  3,561  3,702  3,584 
Employee related obligations 10,529  10,663  9,830  9,910  9,905  9,951  9,374  9,989  10,066  10,074  9,686  9,687  9,609  9,615  8,217  8,359  8,591  8,854  9,515  9,633  9,750 
Long-term taxes payable 7,402  7,444  7,493  7,543  8,074  8,242  8,537  8,647  9,453  8,472  —  —  —  —  —  —  —  —  —  —  — 
Other liabilities 10,944  11,734  11,381  10,102  8,928  8,589  8,538  9,281  8,876  9,017  9,102  10,117  9,526  9,536  9,414  10,062  9,749  10,241  9,303  8,973  8,604 
Non-current liabilities 60,034  62,293  62,149  62,979  61,961  61,972  63,640  64,988  66,289  66,606  49,873  52,013  49,458  44,503  44,370  45,805  41,450  34,514  36,452  36,393  36,876 
Total liabilities 93,723  98,257  97,311  94,332  91,072  93,202  91,077  92,476  93,370  97,143  81,679  80,885  74,577  70,790  67,600  67,341  63,584  62,261  61,712  60,905  60,712 
Common stock, par value $1.00 per share 3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120  3,120 
Accumulated other comprehensive loss (16,243) (15,891) (15,533) (14,969) (15,517) (15,222) (14,647) (14,777) (12,608) (13,199) (12,747) (13,234) (14,522) (14,901) (12,715) (12,707) (12,391) (13,165) (12,861) (12,054) (13,300)
Retained earnings 112,901  110,659  109,242  109,809  106,650  106,216  107,617  106,123  104,339  101,793  114,805  113,208  111,643  110,551  108,860  106,738  104,990  103,879  102,748  101,352  98,656 
Common stock held in treasury, at cost (38,484) (38,417) (38,619) (37,175) (35,298) (34,362) (31,464) (31,577) (31,596) (31,554) (31,199) (31,172) (29,900) (28,352) (26,496) (24,678) (23,072) (22,684) (21,453) (21,287) (20,598)
Shareholders’ equity 61,294  59,471  58,210  60,785  58,955  59,752  64,626  62,889  63,255  60,160  73,979  71,922  70,341  70,418  72,769  72,473  72,647  71,150  71,554  71,131  67,878 
Total liabilities and shareholders’ equity 155,017  157,728  155,521  155,117  150,027  152,954  155,703  155,365  156,625  157,303  155,658  152,807  144,918  141,208  140,369  139,814  136,231  133,411  133,266  132,036  128,590 

Based on: 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-18), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

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 increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 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 increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 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 increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 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 increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.