Johnson and Johnson 2009 Annual Report Download - page 68

Summary of Operations and Statistical Data 1999-2009
(Dollars in Millions Except Per Share Figures) 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
66 S U M M A R Y O F O P E R A T I O N S A N D S T A T I S T I C A L D A T A
Sales to customer — U.S. $30,889 32,309 32,444 29,775 28,377 27,770 25,274 22,455 19,825 17,316 15,532
Sales to customer — International 31,008 31,438 28,651 23,549 22,137 19,578 16,588 13,843 12,492 11,856 11,825
Total sales 61,897 63,747 61,095 53,324 50,514 47,348 41,862 36,298 32,317 29,172 27,357
Cost of products sold 18,447 18,511 17,751 15,057 14,010 13,474 12,231 10,498 9,622 8,987 8,559
Selling, marketing and administrative expenses 19,801 21,490 20,451 17,433 17,211 16,174 14,463 12,520 11,510 10,675 10,182
Research expense 6,986 7,577 7,680 7,125 6,462 5,344 4,834 4,094 3,704 3,186 2,821
Purchased in-process research and development — 181 807 559 362 18 918 189 105 66 —
Interest income (90) (361) (452) (829) (487) (195) (177) (256) (456) (429) (266)
Interest expense, net of portion capitalized 451 435 296 63 54 187 207 160 153 204 255
Other (income) expense, net (526) (1,015) 534 (671) (214) 15 (385) 294 185 (94) 119
Restructuring 1,073 —745 ————————
46,142 46,818 47,812 38,737 37,398 35,017 32,091 27,499 24,823 22,595 21,670
Earnings before provision for taxes on income 15,755 16,929 13,283 14,587 13,116 12,331 9,771 8,799 7,494 6,577 5,687
Provision for taxes on income 3,489 3,980 2,707 3,534 3,056 4,151 2,923 2,522 2,089 1,813 1,554
Net earnings 12,266 12,949 10,576 11,053 10,060 8,180 6,848 6,277 5,405 4,764 4,133
Percent of sales to customers 19.8 20.3 17.3 20.7 19.9 17.3 16.4 17.3 16.7 16.3 15.1
Diluted net earnings per share of common stock $ 4.40 4.57 3.63 3.73 3.35 2.74 2.29 2.06 1.75 1.55 1.34
Percent return on average shareholders’ equity 26.4 30.2 25.6 28.3 28.2 27.3 27.1 26.4 24.0 25.3 26.0
Percent increase (decrease) over previous year:
Sales to customers (2.9) 4.3 14.6 5.6 6.7 13.1 15.3 12.3 10.8 6.6 14.9
Diluted net earnings per share (3.7) 25.9 (2.7) 11.3 22.3 19.7 11.2 17.7 12.9 15.7 34.0
Supplementary expense data:
Cost of materials and services(1) $27,651 29,346 27,967 22,912 22,328 21,053 18,568 16,540 15,333 14,113 13,922
Total employment costs 14,587 14,523 14,571 13,444 12,364 11,581 10,542 8,942 8,153 7,376 6,727
Depreciation and amortization 2,774 2,832 2,777 2,177 2,093 2,124 1,869 1,662 1,605 1,592 1,510
Maintenance and repairs(2) 567 583 483 506 510 462 395 360 372 327 322
Total tax expense(3) 5,052 5,558 4,177 4,857 4,285 5,215 3,890 3,325 2,854 2,517 2,221
Supplementary balance sheet data:
Property, plant and equipment, net 14,759 14,365 14,185 13,044 10,830 10,436 9,846 8,710 7,719 7,409 7,155
Additions to property, plant and equipment 2,365 3,066 2,942 2,666 2,632 2,175 2,262 2,099 1,731 1,689 1,822
Total assets 94,682 84,912 80,954 70,556 58,864 54,039 48,858 40,984 38,771 34,435 31,163
Long-term debt 8,223 8,120 7,074 2,014 2,017 2,565 2,955 2,022 2,217 3,163 3,429
Operating cash flow 16,571 14,972 15,022 14,248 11,799 11,089 10,571 8,135 8,781 6,889 5,913
Common stock information
Dividends paid per share $ 1.930 1.795 1.620 1.455 1.275 1.095 0.925 0.795 0.700 0.620 0.550
Shareholders’ equity per share $ 18.37 15.35 15.25 13.59 13.01 10.95 9.25 7.79 8.05 6.82 5.73
Market price per share (year-end close) $ 64.41 58.56 67.38 66.02 60.10 63.42 50.62 53.11 59.86 52.53 46.63
Average shares outstanding (millions) — basic 2,759.5 2,802.5 2,882.9 2,936.4 2,973.9 2,968.4 2,968.1 2,998.3 3,033.8 2,993.5 2,978.2
— diluted 2,789.1 2,835.6 2,910.7 2,961.0 3,002.8 2,992.7 2,995.1 3,049.1 3,089.3 3,075.2 3,090.4
Employees (thousands) 115.5 118.7 119.2 122.2 115.6 109.9 110.6 108.3 101.8 100.9 99.8
(1) Net of interest and other income.
(2) Also included in cost of materials and services category.
(3) Includes taxes on income, payroll, property and other business taxes.