Johnson & Johnson - Index

Johnson & Johnson - report - Index

Summary of Operations and Statistical Data 1997-2007
(Dollars in Millions Except Per Share Figures) 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Sales to customer — U.S. $32,444 29,775 28,377 27,770 25,274 22,455 19,825 17,316 15,532 12,901 11,814
Sales to customer — International 28,651 23,549 22,137 19,578 16,588 13,843 12,492 11,856 11,825 10,910 10,708
Total sales 61,095 53,324 50,514 47,348 41,862 36,298 32,317 29,172 27,357 23,811 22,522
Cost of products sold 17,751 15,057 14,010 13,474 12,231 10,498 9,622 8,987 8,559 7,711 7,355
Selling, marketing and administrative
expenses 20,451 17,433 17,211 16,174 14,463 12,520 11,510 10,675 10,182 8,595 8,215
Research expense 7,680 7,125 6,462 5,344 4,834 4,094 3,704 3,186 2,821 2,538 2,386
Purchased in-process research and
development 807 559 362 18 918 189 105 66 — 298 108
Interest income (452) (829) (487) (195) (177) (256) (456) (429) (266) (302) (263)
Interest expense, net of portion
capitalized 296 63 54 187 207 160 153 204 255 186 179
Other (income) expense, net (4) 534 (671) (214) 15 (385) 294 185 (94) 119 12 248
Restructuring 745 — — — — — — — — 553 —
47,812 38,737 37,398 35,017 32,091 27,499 24,823 22,595 21,670 19,591 18,228
Earnings before provision for taxes
on income 13,283 14,587 13,116 12,331 9,771 8,799 7,494 6,577 5,687 4,220 4,294
Provision for taxes on income 2,707 3,534 3,056 4,151 2,923 2,522 2,089 1,813 1,554 1,196 1,224
Net earnings 10,576 11,053 10,060 8,180 6,848 6,277 5,405 4,764 4,133 3,024 3,070
Percent of sales to customers 17.3 20.7 19.9 17.3 16.4 17.3 16.7 16.3 15.1 12.7 13.6
Diluted net earnings per share of
common stock $ 3.63 3.73 3.35 2.74 2.29 2.06 1.75 1.55 1.34 1.00 1.01
Percent return on average
shareholders’ equity 25.6 28.3 28.2 27.3 27.1 26.4 24.0 25.3 26.0 21.6 24.3
Percent increase over previous year:
Sales to customers 14.6 5.6 6.7 13.1 15.3 12.3 10.8 6.6 14.9 5.7 5.3
Diluted net earnings per share (2.7) 11.3 22.3 19.7 11.2 17.7 12.9 15.7 34.0 (1.0) 4.1
Supplementary expense data:
Cost of materials and services (1) $27,967 22,912 22,328 21,053 18,568 16,540 15,333 14,113 13,922 11,779 11,702
Total employment costs 14,571 13,444 12,364 11,581 10,542 8,942 8,153 7,376 6,727 6,021 5,634
Depreciation and amortization 2,777 2,177 2,093 2,124 1,869 1,662 1,605 1,592 1,510 1,335 1,117
Maintenance and repairs (2) 483 506 510 462 395 360 372 327 322 286 270
Total tax expense (3) 4,177 4,857 4,285 5,215 3,890 3,325 2,854 2,517 2,221 1,845 1,811
Supplementary balance sheet data:
Property, plant and equipment, net 14,185 13,044 10,830 10,436 9,846 8,710 7,719 7,409 7,155 6,767 6,204
Additions to property, plant and
equipment 2,942 2,666 2,632 2,175 2,262 2,099 1,731 1,689 1,822 1,610 1,454
Total assets 80,954 70,556 58,864 54,039 48,858 40,984 38,771 34,435 31,163 29,019 23,634
Long-term debt 7,074 2,014 2,017 2,565 2,955 2,022 2,217 3,163 3,429 2,652 2,084
Operating cash flow 15,249 14,248 11,799 11,089 10,571 8,135 8,781 6,889 5,913 5,104 4,209
Common stock information
Dividends paid per share $ 1.620 1.455 1.275 1.095 0.925 0.795 0.700 0.620 0.550 0.490 0.425
Shareholders’ equity per share $ 15.25 13.59 13.01 10.95 9.25 7.79 8.05 6.82 5.73 4.95 4.52
Market price per share (year-end close) $ 67.38 66.02 60.10 63.42 50.62 53.11 59.86 52.53 46.63 41.94 32.44
Average shares outstanding
(millions) — basic 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 2,973.6 2,951.9
— diluted 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 3,067.0 3,050.0
Employees (thousands) 119.2 122.2 115.6 109.9 110.6 108.3 101.8 100.9 99.8 96.1 92.6
(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.
(4) 2007 includes a $678 million before tax write-down related to the NATRECOR® intangible asset.
76 SUMMARY OF OPERATIONS AND ST A TISTICAL DA T A