28 AN INTRODUCTION TO FINANCIAL STATEMENTS
TABLE 2.6 Quarterly Balance Sheets, Johnson & Johnson ($ millions)
Jun-04 Mar-04 Dec-03 Sep-03Cash 5,681.00 5,637.00 5,377.00 3,850.00
Marketable Securities 5,105.00 4,724.00 4,146.00 4,998.00
Receivables 7,142.00 6,772.00 6,574.00 6,399.00
Total Inventories 3,528.00 3,522.00 3,588.00 3,739.00
Raw Materials N/A N/A N/A N/A
Work in Progress N/A N/A N/A N/A
Finished Goods N/A N/A N/A N/A
Notes Receivable N/A N/A N/A N/A
Other Current Assets 3,201.00 3,709.00 3,310.00 3,160.00
Total Current Assets 24,657.00 24,364.00 22,995.00 22,146.00
Net Property, Plant, and Equipment 9,557.00 9,669.00 9,846.00 9,245.00
Property, Plant, and Equipment 17,257.00 17,104.00 9,846.00 16,054.00
Accumulated Depreciation 7,700.00 7,435.00 N/A 6,809.00
Interest and Advance to Subsidiaries 62.00 70.00 84.00 120.00
Other Noncurrent Assets N/A N/A N/A N/A
Deferred Charges 995.00 822.00 692.00 402.00
Intangibles 11,805.00 11,442.00 11,539.00 11,679.00
Deposits and Other Assets 3,095.00 2,501.00 3,107.00 3,067.00
Total Assets 50,171.00 48,868.00 48,263.00 46,659.00
Liabilities and Shareholders’ Equity
Notes Payable 491.00 594.00 1,139.00 2,024.00
Accounts Payable 3,829.00 3,782.00 4,966.00 3,660.00
Current Long-Term Debt N/A N/A N/A N/A
Current Portfolio Capital Leases N/A N/A N/A N/A
Accrued Expense 6,412.00 6,213.00 6,399.00 5,978.00
Income Taxes 1,330.00 1,860.00 944.00 1,120.00
Other Current Liabilities N/A N/A N/A N/A
Total Current Liabilities 12,062.00 12,449.00 13,448.00 12,782.00
Mortgages N/A N/A N/A N/A
Deferred Charges/Inc. 995.00 822.00 692.00 402.00
Convertible Debt N/A N/A N/A N/A
Long-Term Debt 2,962.00 2,961.00 2,955.00 3,149.00
Noncurrent Capital Leases N/A N/A N/A N/A
Other Long-Term Liabilities 4,326.00 4,223.00 4,211.00 4,106.00
Total Liabilities 20,119.00 20,374.00 21,394.00 20,921.00
Minority Interest (Liabilities) N/A N/A N/A N/A
Preferred Stock N/A N/A N/A N/A
Common Stock 3,120.00 3,120.00 3,120.00 3,120.00
Capital Surplus N/A N/A N/A N/A
Retained Earnings 33,627.00 32,153.00 30,503.00 29,500.00
Treasury Stock 6,158.00 6,170.00 6,146.00 6,136.00
Total Shareholders’ Equity 30,052.00 28,494.00 26,869.00 25,738.00
Total Liabilities and Net Worth 50,171.00 48,868.00 48,263.00 46,659.00
Common Shares Outstanding (thousands) 2,967.77 2,967.56 3,271.71 2,967.98Data provided by Thomson, © Copyright 2004 Thomson.