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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