Johnson and Johnson 2014 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2014 Johnson and Johnson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

Table of Contents
MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS
OF OPERATIONS AND FINANCIAL CONDITION
Organization and Business Segments 2
Results of Operations 3
Analysis of Sales by Business Segments 4
Analysis of Consolidated Earnings Before Provision for Taxes on Income 8
Liquidity and Capital Resources 11
Other Information 13
Cautionary Factors That May Affect Future Results 19
AUDITED CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Balance Sheets 20
Consolidated Statements of Earnings 21
Consolidated Statements of Comprehensive Income 22
Consolidated Statements of Equity 23
Consolidated Statements of Cash Flows 24
Notes to Consolidated Financial Statements 25
Report of Independent Registered Public Accounting Firm 66
Management’s Report on Internal Control Over Financial Reporting 67
SUPPORTING SCHEDULES
Summary of Operations and Statistical Data 2004 – 2014 68
Shareholder Return Performance Graphs 69
Reconciliation of Non-GAAP Financial Measures 70
Johnson & Johnson 2014 Annual Report •1