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Johnson & Johnson Reports 2013 Second-Quarter Results:
Date:7/16/2013

pan>11,04331.210,05830.89.8Selling, marketing and administrative expenses10,59930.09,98030.66.2Research and development expense3,73010.53,41110.59.4In-process research and development640.24291.3Interest (income) expense, net2050.62590.8Other (income) expense, net6871.91,3974.3Earnings before provision for taxes on income9,05425.67,08021.727.9Provision for taxes on income1,7244.91,7625.4(2.2)Net earnings$
7,33020.7$
5,31816.337.8Net earnings per share (Diluted)$
2.55$
.9133.5Average shares outstanding (Diluted)2,878.82,792.4Effective tax rate19.0%24.9%Adjusted earnings before provision for taxes and net earnings (1)  Earnings before provision for taxes on income$
,42929.5$
9,57429.48.9  Net earnings$
8,39623.7$
7,44822.812.7  Net earnings per share (Diluted)$
2.92$
2.679.4  Effective tax rate19.5%22.2%(1) See Reconciliation of Non-GAAP Financial Measures. 

Johnson & Johnson and SubsidiariesReconciliation of Non-GAAP Financial MeasuresSecond Quarter% Incr. /Six Months YTD% Incr. /(Dollars in Millions Except Per Share Data)

20132012(Decr.)20132012(Dec
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