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Johnson & Johnson Reports 2009 First-Quarter Results:
Date:4/14/2009
al 6,974 7,717 (9.6) 3.0 (12.6) ------------- ----- ----- ---- --- ----- Worldwide $15,026 16,194 (7.2)% (1.2) (6.0) --------- ------- ------ ---- ---- ---- Johnson & Johnson and Subsidiaries ---------------------------------- Condensed Consolidated Statement of Earnings (Unaudited; in Millions Except Per Share Figures) FIRST QUARTER ------------------------------ ------------- 2009 2008 ---------------- ----------------- Percent Percent Percent Increase Amount to Sales Amount to Sales (Decrease) ------------------ ------ -------- ------ -------- --------- Sales to customers $15,026 100.0 $16,194 100.0 (7.2) ------------------ ------- ----- ------- ----- ---- Cost of products sold 4,251 28.3 4,614 28.5 (7.9) Selling, marketing and administrative expenses 4,608 30.7 5,123 31.6 (10.1) Research expense 1,518 10.1 1,712 10.6 (11.3) Interest (income) expense, net 81 0.5 16 0.1 Other (income) expense, net (75) (0.5) (18) (0.1) ----------------- --- ---- --- ---- ---- Earnings before provision for taxes on income 4,643 30.9 4,747 29.3 (2.2) Provision for taxes on income 1,136 7.6 1,149 7.1 (1.1) ------------------- ----- --- ----- --- ---- Net earnings
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