Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

Common-Size Income Statement 

Johnson & Johnson, common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 29, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Sales to customers 100.00 100.00 100.00 100.00 100.00
Cost of products sold -30.93 -31.18 -32.74 -31.84 -34.42
Gross profit 69.07% 68.82% 67.26% 68.16% 65.58%
Selling, marketing and administrative expenses -25.75 -25.26 -26.08 -26.30 -26.74
Research and development expense -19.40 -17.71 -15.38 -15.69 -14.72
In-process research and development impairments -0.24 -0.37 -0.82 -0.96 -0.22
Restructuring -0.26 -0.57 -0.34 -0.27 -0.30
Operating earnings 23.42% 24.90% 24.63% 24.95% 23.60%
Interest income 1.50 1.48 0.52 0.06 0.13
Interest expense, net of portion capitalized -0.85 -0.91 -0.29 -0.20 -0.24
Other expense, net -5.28 -7.79 -1.97 -0.52 -3.51
Earnings before provision for taxes on income 18.79% 17.69% 22.88% 24.29% 19.98%
Provision for taxes on income -2.95 -2.04 -3.99 -2.02 -2.16
Net earnings from continuing operations 15.84% 15.65% 18.90% 22.26% 17.82%
Net earnings from discontinued operations, net of tax 0.00 25.63 0.00 0.00 0.00
Net earnings 15.84% 41.28% 18.90% 22.26% 17.82%

Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Johnson & Johnson operating earnings as a percentage of sales to customers increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Earnings before provision for taxes on income Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Johnson & Johnson earnings before provision for taxes on income as a percentage of sales to customers decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Johnson & Johnson net earnings as a percentage of sales to customers increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.