Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Johnson & Johnson pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
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Johnson & Johnson, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).
The analysis of the quarterly financial data reveals multiple significant trends in the company's asset composition and valuation over the reported periods.
- Cash and Cash Equivalents
- There is a generally upward trend in cash and cash equivalents, starting at 15,530 million USD in March 2020, with noticeable fluctuations, and culminating in a sharp increase to 38,474 million USD by March 2025. This indicates growing liquidity, especially marked by substantial increases in the most recent quarters.
- Restricted Cash
- Restricted cash data appears only once in the dataset, with a value of 7,695 million USD recorded in April 2023, suggesting either a new reporting practice or a transaction that temporarily affected this balance without recurring entries afterward.
- Marketable Securities
- Marketable securities show a peak in value in late 2022 with 22,724 million USD but then decline rapidly to 307 million USD by March 2025. This sharp reduction may indicate significant liquidations or reclassifications of these assets.
- Accounts Receivable, Trade, Less Allowances
- This item remained relatively stable, with minor increases over time, moving from 14,874 million USD in March 2020 to fluctuating around 16,000 million USD near the end of the period. This suggests steady sales on credit with consistent collection practices.
- Inventories
- Inventories have gradually increased from 8,868 million USD in March 2020 to a peak of around 12,888 million USD in mid-2023, followed by a slight decrease to 12,659 million USD by March 2025. The overall increase indicates a build-up in stock levels, which may point to anticipation of higher sales or supply chain dynamics.
- Prepaid Expenses and Other Current Assets
- Values show variability, peaking at 4,514 million USD in mid-2023, then gradually declining to approximately 4,091 million USD by March 2025. This variability may reflect changes in advance payments or other short-term asset management strategies.
- Assets Held for Sale
- There are only a few entries early in the data with small amounts around 100 million USD, and no further reporting afterward, indicating that such disposals were either completed or no longer applicable.
- Current Assets
- Current assets peak in the mid-period, reaching over 65,236 million USD in late 2022, but then decline significantly to 53,893 million USD by March 2025, showing some reduction in short-term resources, likely due to the decrease in marketable securities and other liquid assets.
- Property, Plant and Equipment (PPE), Net
- Net PPE values remain fairly stable with minor fluctuations, ranging from 17,401 million USD in early 2020 to approximately 20,871 million USD by March 2025. This steady positioning reflects ongoing investment balanced with depreciation and disposals.
- Accumulated Depreciation
- Accumulated depreciation exhibits a steady increase in absolute value as expected, reflecting asset usage and aging; values advance from -25,846 million USD in March 2020 to about -29,013 million USD by March 2025.
- Intangible Assets, Net
- Intangible assets show a significant decline from a high of 53,402 million USD in December 2020 to about 36,755 million USD by March 2025. This major decrease may be related to amortization or impairment events.
- Goodwill
- Goodwill trends downward overall from 36,393 million USD in December 2020 to around 44,468 million USD by March 2025, despite some periods of increase. The rise in certain quarters suggests acquisitions or revaluations, while the fluctuations reflect potential impairments or adjustments.
- Deferred Taxes on Income
- This item fluctuates moderately between 8,492 million USD and 10,804 million USD with no clear trend, indicating tax timing differences consistent with operational and structural changes.
- Other Assets
- Other assets demonstrate an increasing trend from 5,042 million USD in March 2020 to peaking around 14,153 million USD in early 2024, followed by a slight reduction. This increase suggests growth in miscellaneous non-current assets or capitalized expenditures.
- Non-Current Assets
- Non-current assets show variability but generally maintain a level above 110,000 million USD, peaking at 132,084 million USD in late 2022 and then gradually declining toward 122,120 million USD by the end of the data series. This indicates ongoing investment balanced against amortization, depreciation, and disposals.
- Total Assets
- Total assets increased steadily from 155,017 million USD in early 2020 to nearly 195,969 million USD in late 2022. Subsequently, there was a decline to approximately 166,061 million USD in mid-2023, followed by recovery and growth with a final value of 193,671 million USD by March 2025. This pattern suggests significant asset base changes and potentially marked transactions impacting the balance sheet in the mid-period.