Johnson and Johnson 2011 Annual Report Download - page 72

70 SUMMARY OF OPERATIONS AND STATISTICAL DATA
Summary of Operations and Statistical Data 2001-2011
(Dollars in Millions Except Per Share Figures) 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Sales to customers — U.S. $ 28,908 29,450 30,889 32,309 32,444 29,775 28,377 27,770 25,274 22,455 19,825
Sales to customers — International 36,122 32,137 31,008 31,438 28,651 23,549 22,137 19,578 16,588 13,843 12,492
Total sales 65,030 61,587 61,897 63,747 61,095 53,324 50,514 47,348 41,862 36,298 32,317
Cost of products sold 20,360 18,792 18,447 18,511 17,751 15,057 14,010 13,474 12,231 10,498 9,622
Selling, marketing and administrative expenses 20,969 19,424 19,801 21,490 20,451 17,433 17,211 16,174 14,463 12,520 11,510
Research and development expense 7,548 6,844 6,986 7,577 7,680 7,125 6,462 5,344 4,834 4,094 3,704
Purchased in-process research and development — — — 181 807 559 362 18 918 189 105
Interest income (91) (107) (90) (361) (452) (829) (487) (195) (177) (256) (456)
Interest expense, net of portion capitalized 571 455 451 435 296 63 54 187 207 160 153
Other (income) expense, net 2,743 (768) (526) (1,015) 534 (671) (214) 15 (385) 294 185
Restructuring 569 —1,073 —745 ——————
52,669 44,640 46,142 46,818 47,812 38,737 37,398 35,017 32,091 27,499 24,823
Earnings before provision for taxes on income 12,361 16,947 15,755 16,929 13,283 14,587 13,116 12,331 9,771 8,799 7,494
Provision for taxes on income 2,689 3,613 3,489 3,980 2,707 3,534 3,056 4,151 2,923 2,522 2,089
Net earnings 9,672 13,334 12,266 12,949 10,576 11,053 10,060 8,180 6,848 6,277 5,405
Percent of sales to customers 14.9 21.7 19.8 20.3 17.3 20.7 19.9 17.3 16.4 17.3 16.7
Diluted net earnings per share of common stock $ 3.49 4.78 4.40 4.57 3.63 3.73 3.35 2.74 2.29 2.06 1.75
Percent return on average shareholders’ equity 17.0 24.9 26.4 30.2 25.6 28.3 28.2 27.3 27.1 26.4 24.0
Percent increase (decrease) over previous year:
Sales to customers 5.6 (0.5) (2.9) 4.3 14.6 5.6 6.7 13.1 15.3 12.3 10.8
Diluted net earnings per share (27.0) 8.6 (3.7) 25.9 (2.7) 11.3 22.3 19.7 11.2 17.7 12.9
Supplementary expense data:
Cost of materials and services $ 28,932 27,586 27,651 29,346 27,967 22,912 22,328 21,053 18,568 16,540 15,333
Total employment costs 15,202 13,934 14,587 14,523 14,571 13,444 12,364 11,581 10,542 8,942 8,153
Depreciation and amortization 3,158 2,939 2,774 2,832 2,777 2,177 2,093 2,124 1,869 1,662 1,605
Maintenance and repairs (1) 771 657 567 583 483 506 510 462 395 360 372
Total tax expense (2) 4,230 5,070 5,052 5,558 4,177 4,857 4,285 5,215 3,890 3,325 2,854
Supplementary balance sheet data:
Property, plant and equipment, net 14,739 14,553 14,759 14,365 14,185 13,044 10,830 10,436 9,846 8,710 7,719
Additions to property, plant and equipment 2,893 2,384 2,365 3,066 2,942 2,666 2,632 2,175 2,262 2,099 1,731
Total assets 113,644 102,908 94,682 84,912 80,954 70,556 58,864 54,039 48,858 40,984 38,771
Long-term debt 12,969 9,156 8,223 8,120 7,074 2,014 2,017 2,565 2,955 2,022 2,217
Operating cash flow 14,298 16,385 16,571 14,972 15,022 14,248 11,799 11,089 10,571 8,135 8,781
Common stock information
Dividends paid per share $ 2.250 2.110 1.930 1.795 1.620 1.455 1.275 1.095 0.925 0.795 0.700
Shareholders’ equity per share 20.95 20.66 18.37 15.35 15.25 13.59 13.01 10.95 9.25 7.79 8.05
Market price per share (year-end close) 65.58 61.85 64.41 58.56 67.38 66.02 60.10 63.42 50.62 53.11 59.86
Average shares outstanding (millions) — basic 2,736.0 2,751.4 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
— diluted 2,775.3 2,788.8 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
Employees (thousands) 117.9 114.0 115.5 118.7 119.2 122.2 115.6 109.9 110.6 108.3 101.8
(1) Also included in cost of materials and services category.
(2) Includes taxes on income, payroll, property and other business taxes.