Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

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Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Johnson & Johnson, consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 29, 2019
Sales to customers
Cost of products sold
Gross profit
Selling, marketing and administrative expenses
Research and development expense
In-process research and development impairments
Restructuring
Operating earnings
Interest income
Interest expense, net of portion capitalized
Other income (expense), net
Earnings before provision for taxes on income
Provision for taxes on income
Net earnings from continuing operations
Net earnings from discontinued operations, net of tax
Net earnings

Based on: 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), 10-K (reporting date: 2019-12-29).

Income statement item Description The company
Sales to customers Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Johnson & Johnson sales to customers increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Johnson & Johnson operating earnings decreased from 2021 to 2022 and from 2022 to 2023.
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 decreased from 2021 to 2022 and from 2022 to 2023.
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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.