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Johnson & Johnson (NYS: JNJ) + to Company Analysis List Address: One Johnson & Johnson Plaza,New Brunswick, NJ 08933 United States | Phone: 732 524-0400 | Fax: 732 214-0332 | Company Website: www.jnj.com

Incorporated: November 1887 , NJ, United States IRS Number: 221024240 CUSIP: 47816010 Auditor: PricewaterhouseCoopers LLP Transfer Agent: Computershare Trust Company, N.A., Canton, MA Country: United States

Sector: Pharmaceuticals Industry: Pharmaceutical preparations (SIC 2834) Industry: Pharmaceutical Preparation Manufacturing (NAICS 325412) Number of Employees: 135,100 (Approximate Full-Time as of 12/30/2018) Number of Shareholders: 142,029 (record) (as of 02/15/2019)

Market Cap: 362,540,368,000 Revenue: 81,706,000,000 Net Income: 14,151,000,000 Dividend: 3.75 Dividend Yield: 2.7223 EPS Basic: 5.32 EPS Diluted: 5.25 PE Ratio: 26.2381

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Exchange rate used is that of the Year End reported date

As Reported Annual Balance Sheet

Report Date 12/30/2018 12/31/2017 01/01/2017 01/03/2016 12/28/2014

Currency USD USD USD USD USD

Audit Status Not Qualified Not Qualified Not Qualified Not Qualified Not Qualified

Consolidated Yes Yes Yes Yes Yes

Scale Millions Millions Millions Millions Millions

Cash & cash equivalents 18,107 17,824 18,972 13,732 14,523

Marketable securities 1,580 472 22,935 24,644 18,566

Accounts receivable trade, gross 14,346 13,781 11,951 11,002 11,260

Less allowances for doubtful accounts 248 291 252 268 275

Accounts receivable trade, net 14,098 13,490 11,699 10,734 10,985

Raw materials & supplies 1,114 1,140 952 936 1,214

Goods in process 2,109 2,317 2,185 2,241 2,461

Finished goods 5,376 5,308 5,007 4,876 4,509

Inventories 8,599 8,765 8,144 8,053 8,184

Deferred taxes on income - - - - 3,567

Prepaid expenses & other receivables 2,699 2,537 3,282 3,047 3,486

Assets held for sale 950 - - - -

Total current assets 46,033 43,088 65,032 60,210 59,311

Land & land improvements 807 829 753 780 833

Buildings & building equipment 11,176 11,240 10,112 9,829 10,046

Machinery & equipment 25,992 25,949 23,554 22,511 22,206

Construction in progress 3,876 3,448 3,354 3,528 3,600

Total property, plant & equipment, gross 41,851 41,466 37,773 36,648 36,685

Less accumulated depreciation 24,816 24,461 21,861 20,743 20,559

Property, plant & equipment, net 17,035 17,005 15,912 15,905 16,126

Intangible assets, net 47,611 53,228 26,876 25,764 27,222

Goodwill 30,453 31,906 22,805 21,629 21,832

Deferred taxes on income 7,640 7,105 6,148 5,490 3,396

Other assets 4,182 4,971 4,435 4,413 3,232

Total assets 152,954 157,303 141,208 133,411 131,119

Loans & notes payable 2,796 3,906 4,684 7,004 3,638

Accounts payable 7,537 7,310 6,918 6,668 7,633

Accrued liabilities 7,601 7,304 5,635 5,411 6,553

Accrued rebates, returns & promotions 9,380 7,210 5,403 5,440 4,010

Accrued compensation & employee related obligations 3,098 2,953 2,676 2,474 2,751

Accrued taxes on income 818 1,854 971 750 500

Total current liabilities 31,230 30,537 26,287 27,747 25,085

Zero coupon convertible subordinated debentures 51 60 84 137 158

Debentures 2,530 3,429 4,423 4,434 4,430

Notes 27,715 28,610 19,562 9,486 9,636

FRN - - - 800 800

Other long-term debt 24 75 77 104 105

Total long-term debt 30,320 32,174 24,146 14,961 15,129

Less current portion 2,636 1,499 1,704 2,104 7

Long-term debt 27,684 30,675 22,442 12,857 15,122

Deferred taxes on income 7,506 8,368 2,910 2,562 3,154

Pension benefits 5,327 5,343 4,710 3,857 4,547

Postretirement benefits 2,283 2,331 2,733 2,738 3,161

Postemployment benefits 2,330 2,250 2,050 2,092 2,062

Deferred compensation 410 475 534 584 599

Total employee obligations 10,350 10,399 10,027 9,271 10,369

Less current benefits payable (399) (325) (412) (417) (397)

Employee related obligations 9,951 10,074 9,615 8,854 9,972

Long-term taxes payable 8,242 8,472 - - -

Other liabilities 8,589 9,017 9,536 10,241 8,034

Total liabilities 93,202 97,143 70,790 62,261 61,367

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11/29/2019, 8:45:26 PM

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Report Date 12/30/2018 12/31/2017 01/01/2017 01/03/2016 12/28/2014

Currency USD USD USD USD USD

Audit Status Not Qualified Not Qualified Not Qualified Not Qualified Not Qualified

Consolidated Yes Yes Yes Yes Yes

Scale Millions Millions Millions Millions Millions

Common stock 3,120 3,120 3,120 3,120 3,120

Foreign currency translations (8,869) (7,351) (9,047) (8,435) (4,803)

Gain (loss) on securities - 232 411 604 257

Employee benefit plans (6,158) (6,150) (5,980) (5,298) (6,317)

Gain (loss) on derivatives & hedges (195) 70 (285) (36) 141

Accumulated other comprehensive income (loss) (15,222) (13,199) (14,901) (13,165) (10,722)

Retained earnings (accumulated deficit) 106,216 101,793 110,551 103,879 97,245

Total equity before treasury stock 94,114 91,714 98,770 93,834 89,643

Less: common stock held in treasury, at cost 34,362 31,554 28,352 22,684 19,891

Total shareholders' equity (deficit) 59,752 60,160 70,418 71,150 69,752

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