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Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
beta
Latest Financials
Filings:
Category
Date
Search Filings
Institutional Holders
beta
Earnings Transcripts
beta
Global Search
SEC Edgar
JOHNSON & JOHNSON
Notes
Support
about
terms
Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
beta
Latest Financials
Filings:
Category
Date
Search Filings
Institutional Holders
beta
Earnings Transcripts
beta
Global Search
SEC Edgar
JOHNSON & JOHNSON
Notes
Support
about
terms
$
JNJ
JOHNSON & JOHNSON
CIK:
0000200406
|
SEC Filings
Income Statement
Cash Flow
Balance Sheet
v3.26.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Income Statement [Abstract]
Sales to customers (Note 9)
$ 25,310
$ 23,743
$ 49,372
$ 45,636
Sales to customers percent to sales
100.00%
100.00%
100.00%
100.00%
Cost of products sold
$ 8,051
$ 7,628
$ 16,157
$ 14,985
Cost of products sold percent to sales
31.80%
32.10%
32.70%
32.80%
Gross profit
$ 17,259
$ 16,115
$ 33,215
$ 30,651
Gross Profit Percent To Sales
68.20%
67.90%
67.30%
67.20%
Selling, marketing and administrative expenses
$ 6,432
$ 5,889
$ 12,466
$ 11,001
Selling marketing and administrative expenses percent to sales
25.40%
24.80%
25.30%
24.10%
Research and development expense
$ 3,653
$ 3,516
$ 7,180
$ 6,741
Research and development expense percent to sales
14.40%
14.80%
14.50%
14.80%
In-process research and development impairments
$ 36
$ 0
In-process research and development percent to sales
0.10%
0.00%
Interest income
$ (219)
$ (260)
$ (448)
$ (592)
Interest income percent to sales
(0.90%)
(1.10%)
(0.90%)
(1.30%)
Interest expense, net of portion capitalized
$ 281
$ 308
$ 553
$ 512
Interest expense, net of portion capitalized percent to sales
1.10%
1.30%
1.10%
1.10%
Other (income) expense, net
$ 331
$ 107
$ 625
$ (7,214)
Other (income) expense, net percent to sales
1.30%
0.50%
1.30%
(15.80%)
Restructuring (Note 12)
$ 34
$ 64
$ 66
$ 81
Restructuring charge percent to sales
0.20%
0.30%
0.10%
0.20%
Earnings before provision for taxes on income
$ 6,747
$ 6,491
$ 12,737
$ 20,122
Earnings before provision for taxes on income percent to sales
26.70%
27.30%
25.80%
44.10%
Provision for taxes on income (Note 5)
$ 1,213
$ 954
$ 1,968
$ 3,586
Provision for taxes on income percent to sales
4.80%
4.00%
4.00%
7.90%
Net earnings from continuing operations percent of sales
21.90%
23.30%
21.80%
36.20%
Net earnings
$ 5,534
$ 5,537
$ 10,769
$ 16,536
NET EARNINGS PER SHARE
Total net earnings per share - basic (in dollars per share)
$ 2.30
$ 2.30
$ 4.47
$ 6.87
Total net earnings per share - diluted (in dollars per share)
$ 2.27
$ 2.29
$ 4.41
$ 6.82
Avg. shares outstanding
Basic (shares)
2,407.4
2,406.3
2,408.1
2,406.7
Diluted (shares)
2,440.1
2,419.1
2,443.9
2,423.3
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings
$ 10,769
$ 16,536
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation and amortization of property and intangibles
3,963
3,715
Stock based compensation
758
698
Asset write-downs
220
30
Charges for acquired in-process research and development assets
2
92
Net loss/(gain) on sale of assets/businesses
(43)
(74)
Deferred tax provision
(320)
2,997
Credit losses and accounts receivable allowances
(12)
3
Changes in assets and liabilities, net of effects from acquisitions and divestitures:
Increase in accounts receivable
(1,947)
(2,283)
Increase in inventories
(1,002)
(656)
Decrease in accounts payable and accrued liabilities
(956)
(886)
Decrease/(Increase) in other current and non-current assets
1,299
(6,194)
Decrease in other current and non-current liabilities
(1,601)
(5,926)
Net cash flows from operating activities
11,130
8,052
Cash flows used for investing activities
Additions to property, plant and equipment
(2,370)
(1,838)
Proceeds from the disposal of assets/businesses, net (Note 10)
92
332
Acquisitions, net of cash acquired (Note 10)
(263)
(14,458)
Acquired in-process research and development assets / related milestones (Note 10)
0
(369)
Purchases of investments
(299)
(431)
Sales of investments
368
953
Credit support agreements activity, net
515
(2,684)
Other (including capitalized licenses and milestones)
(193)
(66)
Net cash used for investing activities
(2,150)
(18,561)
Cash flows (used for) from financing activities
Dividends to shareholders
(6,358)
(6,118)
Repurchase of common stock
(4,249)
(2,127)
Proceeds from short-term debt, net
13,146
9,349
Repayment of short-term debt, net
(9,677)
(5,058)
Proceeds from long-term debt, net of issuance costs
0
9,138
Repayment of long-term debt
(2,003)
(754)
Proceeds from the exercise of stock options/employee withholding tax on stock awards, net
1,531
557
Credit support agreements activity, net
(49)
(271)
Other
(588)
41
Net cash (used for) from financing activities
(8,247)
4,757
Effect of exchange rate changes on cash and cash equivalents
(20)
224
Increase in cash and cash equivalents
713
(5,528)
Cash and cash equivalents, beginning of period
19,709
24,105
Cash and cash equivalents, end of period
$ 20,422
$ 18,577
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2026
Dec. 28, 2025
Current assets:
Cash and cash equivalents (Note 4)
$ 20,422
$ 19,709
Marketable securities
336
393
Accounts receivable, trade, less allowances $171 (2025, $183)
19,046
17,178
Inventories (Note 2)
15,144
14,191
Prepaid expenses and other
4,826
4,153
Total current assets
59,774
55,624
Property, plant and equipment at cost
55,518
54,364
Less: accumulated depreciation
(31,936)
(31,195)
Property, plant and equipment, net
23,582
23,169
Intangible assets, net (Note 3)
48,229
50,403
Goodwill (Note 3)
48,479
48,772
Deferred taxes on income (Note 5)
6,728
6,874
Other assets
14,269
14,368
Total assets
201,061
199,210
Current liabilities:
Loans and notes payable
11,692
8,495
Accounts payable
9,223
11,991
Accrued liabilities
9,464
8,594
Accrued rebates, returns and promotions
19,990
19,124
Accrued compensation and employee related obligations
3,475
4,534
Accrued taxes on income (Note 5)
1,051
1,388
Total current liabilities
54,895
54,126
Long-term debt (Note 4)
37,344
39,438
Deferred taxes on income (Note 5)
6,608
6,791
Employee related obligations (Note 6)
6,657
6,957
Long-term taxes payable (Note 5)
485
486
Other liabilities
10,101
9,868
Total liabilities
116,090
117,666
Commitments and Contingencies (Note 11)
Shareholders’ equity:
Common stock — par value $1.00 per share (authorized 4,320,000,000 shares; issued 3,119,843,000 shares)
3,120
3,120
Accumulated other comprehensive income (loss) (Note 7)
(13,951)
(14,930)
Retained earnings and Additional paid-in capital
171,665
168,978
Less: common stock held in treasury, at cost (711,615,000 and 711,904,000 shares)
75,863
75,624
Total shareholders’ equity
84,971
81,544
Total shareholders’ equity
84,971
81,544
Total liabilities and shareholders’ equity
$ 201,061
$ 199,210