Johnson and Johnson Annual Report Review
Financial Report Review
Company: Johnson and Johnson
Consolidated Balance Sheets
Total Assets: $121,347,000,000
Total Liabilities: $56,521,000,000
Total Shareholder's Equity: $64,826,000,000
Company's Retained Earnings: 85,992,000,000
Shares of common stock the company has been authorized to issue: 4,320,000,000 shares
Shares the company has issued: 3,119,843,000 shares
Cash (cash and cash equivalents): $14,911,000,000
Decrease in cash and cash equivalents during 2012: $9,631,000,000
F:
Increase in cash and cash equivalents during 2011: $5,187,000
Consolidated Statement of Earnings
Essentially, the term "consolidated" as used in this context is largely synonymous with the term "combined." The company's "consolidated income statements" and "consolidated balance sheets" bring together the financial statements of Johnson and its various subsidiaries.
B:
In presenting financial information from both the current as well as the previous financial years, the company makes it easier for the users of the said financial information to compare performance over time. For...
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