Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
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Johnson & Johnson, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 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 financial data over the covered periods reveals several noteworthy trends in the company's liabilities and equity structure. Current liabilities have exhibited fluctuations, with an overall upward trend peaking significantly in the early 2023 period before experiencing a notable decline thereafter. In particular, accounts payable and accrued rebates, returns, and promotions have generally increased, indicating possibly higher operating activity or changes in payment terms. Accrued liabilities and accrued compensation also showed peaks and moderate declines beyond 2021, suggesting adjustments in accrued expenses and employee-related costs.
Loans and notes payable displayed considerable volatility, with some sharp increases and decreases throughout the timeline, particularly a substantial spike in the final quarters of 2022 followed by a steep decline into 2023 and 2024. This behavior might reflect refinancing activities or varying short-term borrowing strategies.
Long-term debt, excluding the current portion, decreased steadily from 2020 through much of 2022 but then surged abruptly towards the end of the period, reaching the highest levels in the final years presented. This spike in long-term debt may imply increased financing for expansion, acquisitions, or other capital-intensive activities.
Deferred taxes on income varied throughout the periods, generally trending downward with intermittent rises, possibly influenced by changing tax regulations or timing differences between accounting and tax treatments. Similarly, long-term taxes payable declined markedly after early 2022, stabilizing at lower values, which may reflect tax planning outcomes or settlements.
Other liabilities experienced moderate fluctuations but showed a trend of increase approaching the later periods, hinting at emerging or gradually growing obligations. Employee-related obligations steadily declined from 2020 into 2023 and then stabilized with minor fluctuations, potentially due to workforce changes or benefit plan modifications.
Total liabilities reflect the combined effect of these movements. They peaked in early 2023, mainly driven by surges in loans and notes payable and current liabilities, then slightly decreased but remained elevated compared to the earlier periods.
On the equity side, common stock remained constant throughout the periods, indicating no new issuance or buybacks affecting the par value. Treasury stock increased significantly in cost toward the end of the timeline, suggesting substantial repurchases. Retained earnings and additional paid-in capital consistently grew over the years, with an accelerated increase after 2022, pointing to profitable operations and capital injections.
Accumulated other comprehensive loss showed erratic variation but overall remained negative, with some periods of improvement followed by worsening, reflecting fluctuations in unrealized gains or losses, possibly from foreign currency translations or marketable securities.
Total shareholders’ equity generally trended upward, with noticeable gains after 2022 despite some volatility, supported by increasing retained earnings and paid-in capital. Total liabilities and equity together maintained balance as expected, showing growth in the overall funding base of the company.
In summary, the data indicates a period of dynamic financial management with shifting debt structures, increased short-term liabilities in certain intervals, and strengthened equity positions marked by share repurchases and retained earnings growth. These patterns might suggest strategic repositioning, capital investments, and ongoing operational activity adjustments over the reviewed quarters.
- Current Liabilities
- Fluctuated with a general upward trend peaking in early 2023, then decreased.
- Loans and Notes Payable
- Highly volatile with a major spike in late 2022 followed by decline.
- Long-Term Debt
- Decreased through 2022 but surged sharply in final years.
- Deferred and Long-Term Taxes Payable
- Deferred taxes varied downward; long-term taxes payable dropped significantly after 2022.
- Other Liabilities and Employee Obligations
- Other liabilities increased towards later periods; employee obligations declined then stabilized.
- Total Liabilities
- Peaked in early 2023, remained elevated but showed minor decreases thereafter.
- Common Stock and Treasury Stock
- Common stock stable; treasury stock cost increased substantially indicating share repurchases.
- Retained Earnings and Additional Paid-in Capital
- Consistently grew with acceleration post-2022, demonstrating profitability and capital growth.
- Accumulated Other Comprehensive Loss
- Varied but remained negative, indicating fluctuating unrealized losses.
- Total Shareholders’ Equity
- Generally increased, supported by growth in retained earnings despite volatility in other comprehensive loss.