2010 Q1 Form 10-K Financial Statement
#000095012311018128 Filed on February 25, 2011
Income Statement
| Concept | 2010 Q1 | 2010 | 2008 Q4 |
|---|---|---|---|
| Revenue | $16.55B | $61.90B | $15.18B |
| YoY Change | 10.15% | 0.0% | -4.86% |
| Cost Of Revenue | $5.312B | $18.79B | $4.372B |
| YoY Change | 24.96% | 1.87% | -7.65% |
| Gross Profit | $11.24B | $42.80B | $10.81B |
| YoY Change | 4.31% | -1.51% | -3.68% |
| Gross Profit Margin | 67.91% | 69.14% | 71.2% |
| Selling, General & Admin | $5.629B | $19.42B | $5.665B |
| YoY Change | 22.16% | -1.9% | -0.98% |
| % of Gross Profit | 50.08% | 45.39% | 52.41% |
| Research & Development | $2.213B | $6.844B | $2.108B |
| YoY Change | 45.78% | -2.03% | -9.45% |
| % of Gross Profit | 19.69% | 15.99% | 19.5% |
| Depreciation & Amortization | $744.0M | $2.939B | $715.0M |
| YoY Change | 10.06% | 5.95% | -18.29% |
| % of Gross Profit | 6.62% | 6.87% | 6.61% |
| Operating Expenses | $7.481B | $25.62B | $7.135B |
| YoY Change | 23.63% | -2.45% | -20.06% |
| Operating Profit | $3.758B | $17.18B | $3.675B |
| YoY Change | -20.45% | -0.06% | 59.99% |
| Interest Expense | -$81.00M | -$348.0M | -$17.00M |
| YoY Change | 0.0% | -3.6% | -148.57% |
| % of Operating Profit | -2.16% | -2.03% | -0.46% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $2.604B | $15.76B | $3.517B |
| YoY Change | -43.92% | 0.0% | 50.81% |
| Income Tax | $398.0M | $3.613B | $803.0M |
| % Of Pretax Income | 15.28% | 22.93% | 22.83% |
| Net Earnings | $2.206B | $13.33B | $2.714B |
| YoY Change | -37.1% | 8.71% | 14.32% |
| Net Earnings / Revenue | 13.33% | 21.54% | 17.88% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $788.7K | $4.781M | $968.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.760B shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q1 | 2010 | 2008 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $19.43B | $27.66B | $12.81B |
| YoY Change | 39.42% | 42.38% | 37.51% |
| Cash & Equivalents | $15.81B | $2.135B | $10.77B |
| Short-Term Investments | $3.615B | $23.23B | $2.041B |
| Other Short-Term Assets | $5.290B | $4.497B | $6.797B |
| YoY Change | -7.45% | -14.99% | 11.87% |
| Inventory | $5.180B | $5.378B | $5.052B |
| Prepaid Expenses | |||
| Receivables | $9.646B | $9.774B | $9.719B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $39.54B | $47.31B | $34.38B |
| YoY Change | 13.5% | 19.64% | 14.8% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $14.76B | $14.55B | $14.37B |
| YoY Change | 3.55% | -1.4% | 1.27% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $4.000M | ||
| YoY Change | 100.0% | ||
| Other Assets | $9.197B | $9.038B | $8.471B |
| YoY Change | 13.99% | -1.73% | 5.11% |
| Total Long-Term Assets | $55.14B | $55.60B | $50.54B |
| YoY Change | 7.57% | 0.83% | -0.93% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $39.54B | $47.31B | $34.38B |
| Total Long-Term Assets | $55.14B | $55.60B | $50.54B |
| Total Assets | $94.68B | $102.9B | $84.91B |
| YoY Change | 9.97% | 8.69% | 4.89% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.541B | $5.623B | $7.503B |
| YoY Change | -13.35% | 1.48% | 8.6% |
| Accrued Expenses | $9.430B | $9.254B | $9.200B |
| YoY Change | 14.96% | -1.87% | -10.17% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $6.318B | $7.617B | $3.732B |
| YoY Change | 4.92% | 20.56% | 51.52% |
| Total Short-Term Liabilities | $21.73B | $23.07B | $20.85B |
| YoY Change | 1.9% | 6.17% | 5.12% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $8.223B | $9.156B | $8.120B |
| YoY Change | 2.12% | 11.35% | 14.79% |
| Other Long-Term Liabilities | $12.72B | $12.65B | $12.00B |
| YoY Change | 11.11% | -0.49% | 29.96% |
| Total Long-Term Liabilities | $20.94B | $21.81B | $20.12B |
| YoY Change | 7.4% | 4.16% | 23.38% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $21.73B | $23.07B | $20.85B |
| Total Long-Term Liabilities | $20.94B | $21.81B | $20.12B |
| Total Liabilities | $44.09B | $46.33B | $42.40B |
| YoY Change | 4.22% | 5.07% | 12.66% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $19.78B | ||
| YoY Change | |||
| Treasury Stock Shares | 365.5M shares | ||
| Shareholders Equity | $50.59B | $56.58B | $42.51B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $94.68B | $102.9B | $84.91B |
| YoY Change | 9.97% | 8.69% | 4.89% |
Cashflow Statement
| Concept | 2010 Q1 | 2010 | 2008 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $2.206B | $13.33B | $2.714B |
| YoY Change | -37.1% | 8.71% | 14.32% |
| Depreciation, Depletion And Amortization | $744.0M | $2.939B | $715.0M |
| YoY Change | 10.06% | 5.95% | -18.29% |
| Cash From Operating Activities | $5.287B | $16.39B | $4.001B |
| YoY Change | 87.02% | -1.12% | -2.34% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$844.0M | -$2.384B | -$1.128B |
| YoY Change | 94.02% | 0.8% | -8.89% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$1.520B | -$5.470B | -$1.386B |
| YoY Change | 137.13% | 4.53% | -2265.63% |
| Cash From Investing Activities | -$2.364B | -$7.854B | -$2.514B |
| YoY Change | 119.7% | 3.37% | 114.14% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.078B | -4.980B | -4.470B |
| YoY Change | 716.67% | 21.7% | 141.88% |
| NET CHANGE | |||
| Cash From Operating Activities | 5.287B | 16.39B | 4.001B |
| Cash From Investing Activities | -2.364B | -7.854B | -2.514B |
| Cash From Financing Activities | 1.078B | -4.980B | -4.470B |
| Net Change In Cash | 4.001B | 3.551B | -2.983B |
| YoY Change | 112.48% | -27.25% | -377.49% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $5.287B | $16.39B | $4.001B |
| Capital Expenditures | -$844.0M | -$2.384B | -$1.128B |
| Free Cash Flow | $6.131B | $18.77B | $5.129B |
| YoY Change | 87.95% | -0.88% | -3.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0525 | pure |
| CY2010 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
|
14000000 | USD |
| CY2011 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
|
-288000000 | USD |
| CY2010 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
38000000 | USD |
| CY2011 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-333000000 | USD |
| CY2010Q1 | us-gaap |
Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
|
562000000 | USD |
| CY2010Q1 | us-gaap |
Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
|
1179000000 | USD |
| CY2010 | us-gaap |
Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
|
-12000000 | USD |
| CY2011 | us-gaap |
Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
|
-32000000 | USD |
| CY2008Q4 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
41275000000 | USD |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
16947000000 | USD |
| CY2010Q1 | us-gaap |
Assets
Assets
|
94682000000 | USD |
| CY2011Q1 | us-gaap |
Assets
Assets
|
102908000000 | USD |
| CY2010Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
8257000000 | USD |
| CY2011Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
9169000000 | USD |
| CY2010Q1 | us-gaap |
Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
|
1737000000 | USD |
| CY2011Q1 | us-gaap |
Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
|
1937000000 | USD |
| CY2008 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
63747000000 | USD |
| CY2010 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0542 | pure |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2751400000 | shares |
| CY2010 | jnj |
Currency Translation And Other
CurrencyTranslationAndOther
|
471000000 | USD |
| CY2008 | jnj |
Expense Not Allocated To Segments
ExpenseNotAllocatedToSegments
|
573000000 | USD |
| CY2010 | jnj |
Expense Not Allocated To Segments
ExpenseNotAllocatedToSegments
|
-827000000 | USD |
| CY2011 | jnj |
Expense Not Allocated To Segments
ExpenseNotAllocatedToSegments
|
-753000000 | USD |
| CY2008Q4 | jnj |
General Corporate Long Lived Assets
GeneralCorporateLongLivedAssets
|
785000000 | USD |
| CY2010Q1 | jnj |
General Corporate Long Lived Assets
GeneralCorporateLongLivedAssets
|
790000000 | USD |
| CY2011Q1 | jnj |
General Corporate Long Lived Assets
GeneralCorporateLongLivedAssets
|
715000000 | USD |
| CY2008Q4 | jnj |
Other Non Long Lived Assets
OtherNonLongLivedAssets
|
42852000000 | USD |
| CY2010Q1 | jnj |
Other Non Long Lived Assets
OtherNonLongLivedAssets
|
48738000000 | USD |
| CY2011Q1 | jnj |
Other Non Long Lived Assets
OtherNonLongLivedAssets
|
56345000000 | USD |
| CY2008Q4 | us-gaap |
Assets
Assets
|
84912000000 | USD |
| CY2010Q1 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
45154000000 | USD |
| CY2011Q1 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
45848000000 | USD |
| CY2008 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
63747000000 | USD |
| CY2010 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
61897000000 | USD |
| CY2011 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
61587000000 | USD |
| CY2008 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
16929000000 | USD |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
15755000000 | USD |
| CY2010 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
61897000000 | USD |
| CY2011 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
61587000000 | USD |
| CY2008 | us-gaap |
Segment Reporting Information Operating Income Loss
SegmentReportingInformationOperatingIncomeLoss
|
17502000000 | USD |
| CY2010 | us-gaap |
Segment Reporting Information Operating Income Loss
SegmentReportingInformationOperatingIncomeLoss
|
16582000000 | USD |
| CY2011 | us-gaap |
Segment Reporting Information Operating Income Loss
SegmentReportingInformationOperatingIncomeLoss
|
17700000000 | USD |
| CY2008Q4 | us-gaap |
Segment Reporting Reconciling Items Assets
SegmentReportingReconcilingItemsAssets
|
20824000000 | USD |
| CY2010Q1 | us-gaap |
Segment Reporting Reconciling Items Assets
SegmentReportingReconcilingItemsAssets
|
25698000000 | USD |
| CY2011Q1 | us-gaap |
Segment Reporting Reconciling Items Assets
SegmentReportingReconcilingItemsAssets
|
35917000000 | USD |
