Johnson and Johnson 2012 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2012 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 83

  • 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

JOHNSON & JOHNSON AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
At December 30, 2012 and January 1, 2012
(Dollars in Millions Except Share and Per Share Amounts) (Note 1)
2012 2011
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2) $14,911 24,542
Marketable securities (Notes 1 and 2) 6,178 7,719
Accounts receivable trade, less allowances for doubtful accounts $466 (2011, $361) 11,309 10,581
Inventories (Notes 1 and 3) 7,495 6,285
Deferred taxes on income (Note 8) 3,139 2,556
Prepaid expenses and other receivables 3,084 2,633
Total current assets 46,116 54,316
Property, plant and equipment, net (Notes 1 and 4) 16,097 14,739
Intangible assets, net (Notes 1 and 5) 28,752 18,138
Goodwill (Notes 1 and 5) 22,424 16,138
Deferred taxes on income (Note 8) 4,541 6,540
Other assets 3,417 3,773
Total assets $121,347 113,644
Liabilities and Shareholders’ Equity
Current liabilities
Loans and notes payable (Note 7) $4,676 6,658
Accounts payable 5,831 5,725
Accrued liabilities 7,299 4,608
Accrued rebates, returns and promotions 2,969 2,637
Accrued compensation and employee related obligations 2,423 2,329
Accrued taxes on income 1,064 854
Total current liabilities 24,262 22,811
Long-term debt (Note 7) 11,489 12,969
Deferred taxes on income (Note 8) 3,136 1,800
Employee related obligations (Notes 9 and 10) 9,082 8,353
Other liabilities 8,552 10,631
Total liabilities 56,521 56,564
Shareholders’ equity
Preferred stock – without par value (authorized and unissued 2,000,000 shares) – –
Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued
3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (Note 13) (5,810 ) (5,632 )
Retained earnings 85,992 81,251
83,302 78,739
Less: common stock held in treasury, at cost (Note 12) (341,354,000 shares and 395,480,000 shares) 18,476 21,659
Total shareholders’ equity 64,826 57,080
Total liabilities and shareholders’ equity $121,347 113,644
See Notes to Consolidated Financial Statements
20 •Johnson & Johnson 2012 Annual Report