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Johnson & Johnson Reports 2014 Second-Quarter Results:
Date:7/15/2014

ws_span">24.011.3Net earnings per share (Diluted)$
.66
$
.48
12.2Effective tax rate21.1

%20.0

%(1) See Reconciliation of Non-GAAP Financial Measures. Johnson & Johnson and SubsidiariesCondensed Consolidated Statement of Earnings (Unaudited; in Millions Except Per Share Figures)SIX MONTHS20142013PercentPercentPercentIncreaseAmountto SalesAmountto Sales(Decrease)Sales to customers$ 37,610100.0$ 35,382100.06.3Cost of products sold11,49430.611,04331.24.1Selling, marketing and administrative expenses10,66428.310,59930.00.6Research and development expense3,83610.23,73010.52.8In-process research and development220.1640.2Interest (income) expense, net2320.62050.6Other (income) expense, net

SOURCE Johnson & Johnson
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