New Jersey | I-3215 | 22-1024240 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, Par Value $1.00 | JNJ | New York Stock Exchange |
4.75% Notes Due November 2019 | JNJ | New York Stock Exchange |
0.250% Notes Due January 2022 | JNJ | New York Stock Exchange |
0.650% Notes Due May 2024 | JNJ | New York Stock Exchange |
5.50% Notes Due November 2024 | JNJ | New York Stock Exchange |
1.150% Notes Due November 2028 | JNJ | New York Stock Exchange |
1.650% Notes Due May 2035 | JNJ | New York Stock Exchange |
Johnson & Johnson | ||||
(Registrant) | ||||
Date: | July 16, 2019 | By: | /s/ Ronald A. Kapusta | |
Ronald A. Kapusta Controller (Principal Accounting Officer) |
• | Sales of $20.6 billion reflecting a decline of 1.3%, operational growth of 1.6%* and adjusted operational growth of 3.7%* |
• | EPS of $2.08 increased 43.4%; adjusted EPS of $2.58 increased 22.9%*; includes gain from sale of Advanced Sterilization Products (ASP) business |
• | Operational sales guidance increased due to strength of business; EPS guidance range maintained |
Regulatory Approvals | IMBRUVICA (ibrutinib) - CHMP Positive Opinions in combination with obinutuzumab in CLL and in combination with rituximab in WM | (press release) |
DARZALEX (daratumumab) - Newly diagnosed patients with Multiple Myeloma in combination with Lenalidomide and Dexamethasone (U.S.) | (press release) | |
Regulatory Submissions | DARZALEX (daratumumab) - Subcutaneous formulation in multiple myeloma (U.S.)1 | (press release) |
ERLEADA (apalutamide) - Metastatic Hormone-Sensitive Prostate Cancer (EU) | (press release) | |
ERLEADA (apalutamide) - Metastatic Castration - Sensitive Prostate Cancer (U.S) | (press release) | |
Rilpivirine and Cabotegravir - Monthly, Injectable, Two-Drug Regimen for Treatment of HIV | (press release) |
July 2019 | April 2019 |
Adjusted Operational Sales1,2 Change vs. Prior Year | 3.2% - 3.7% | 2.5% - 3.5% |
Operational Sales2 Change vs. Prior Year | $82.4 to $83.2 1.0% - 2.0% | $82.0 to $82.8 0.5% - 1.5% |
Estimated Reported Sales3 Change vs. Prior Year | $80.8 to $81.6 (1.0%) - 0.0% | $80.4 to $81.2 (1.5%) - (0.5%) |
Adjusted Operational EPS (Diluted)2,4 Change vs. Prior Year | $8.73 to $8.83 6.7% - 7.9% | $8.73 to $8.83 6.7% - 7.9% |
Adjusted EPS (Diluted)3,4 Change vs. Prior Year | $8.53 to $8.63 4.3% - 5.5% | $8.53 to $8.63 4.3% - 5.5% |
Johnson & Johnson and Subsidiaries | ||||||||||
Supplementary Sales Data | ||||||||||
(Unaudited; Dollars in Millions) | SECOND QUARTER | |||||||||
Percent Change | ||||||||||
2019 | 2018 | Total | Operations | Currency | ||||||
Sales to customers by | ||||||||||
geographic area | ||||||||||
U.S. | $ 10,403 | 10,640 | (2.2) | % | (2.2) | — | ||||
Europe | 4,733 | 4,810 | (1.6) | 4.7 | (6.3) | |||||
Western Hemisphere excluding U.S. | 1,455 | 1,540 | (5.5) | 4.2 | (9.7) | |||||
Asia-Pacific, Africa | 3,971 | 3,840 | 3.4 | 7.2 | (3.8) | |||||
International | 10,159 | 10,190 | (0.3) | 5.5 | (5.8) | |||||
Worldwide | $ 20,562 | 20,830 | (1.3) | % | 1.6 | (2.9) | ||||
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. |
Johnson & Johnson and Subsidiaries | ||||||||||
Supplementary Sales Data | ||||||||||
(Unaudited; Dollars in Millions) | SIX MONTHS | |||||||||
Percent Change | ||||||||||
2019 | 2018 | Total | Operations | Currency | ||||||
Sales to customers by | ||||||||||
geographic area | ||||||||||
U.S. | $ 20,532 | 20,591 | (0.3) | % | (0.3) | — | ||||
Europe | 9,342 | 9,607 | (2.8) | 4.6 | (7.4) | |||||
Western Hemisphere excluding U.S. | 2,958 | 3,107 | (4.8) | 6.5 | (11.3) | |||||
Asia-Pacific, Africa | 7,751 | 7,534 | 2.9 | 7.0 | (4.1) | |||||
International | 20,051 | 20,248 | (1.0) | 5.8 | (6.8) | |||||
Worldwide | $ 40,583 | 40,839 | (0.6) | % | 2.7 | (3.3) | ||||
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. |
Johnson & Johnson and Subsidiaries | ||||||||||
Supplementary Sales Data | ||||||||||
(Unaudited; Dollars in Millions) | SECOND QUARTER | |||||||||
Percent Change | ||||||||||
2019 | 2018 | Total | Operations | Currency | ||||||
Sales to customers by | ||||||||||
segment of business | ||||||||||
Consumer | ||||||||||
U.S. | $ 1,537 | 1,476 | 4.1 | % | 4.1 | — | ||||
International | 2,007 | 2,028 | (1.0) | 4.9 | (5.9) | |||||
3,544 | 3,504 | 1.2 | 4.6 | (3.4) | ||||||
Pharmaceutical | ||||||||||
U.S. | 5,783 | 5,899 | (2.0) | (2.0) | — | |||||
International | 4,746 | 4,455 | 6.5 | 12.9 | (6.4) | |||||
10,529 | 10,354 | 1.7 | 4.4 | (2.7) | ||||||
Medical Devices | ||||||||||
U.S. | 3,083 | 3,265 | (5.6) | (5.6) | — | |||||
International | 3,406 | 3,707 | (8.1) | (2.9) | (5.2) | |||||
6,489 | 6,972 | (6.9) | (4.1) | (2.8) | ||||||
U.S. | 10,403 | 10,640 | (2.2) | (2.2) | — | |||||
International | 10,159 | 10,190 | (0.3) | 5.5 | (5.8) | |||||
Worldwide | $ 20,562 | 20,830 | (1.3) | % | 1.6 | (2.9) | ||||
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. |
Johnson & Johnson and Subsidiaries | ||||||||||
Supplementary Sales Data | ||||||||||
(Unaudited; Dollars in Millions) | SIX MONTHS | |||||||||
Percent Change | ||||||||||
2019 | 2018 | Total | Operations | Currency | ||||||
Sales to customers by | ||||||||||
segment of business | ||||||||||
Consumer | ||||||||||
U.S. | $ 2,975 | 2,912 | 2.2 | % | 2.2 | — | ||||
International | 3,887 | 3,990 | (2.6) | 4.3 | (6.9) | |||||
6,862 | 6,902 | (0.6) | 3.4 | (4.0) | ||||||
Pharmaceutical | ||||||||||
U.S. | 11,365 | 11,253 | 1.0 | 1.0 | — | |||||
International | 9,408 | 8,945 | 5.2 | 12.5 | (7.3) | |||||
20,773 | 20,198 | 2.8 | 6.1 | (3.3) | ||||||
Medical Devices | ||||||||||
U.S. | 6,192 | 6,426 | (3.6) | (3.6) | — | |||||
International | 6,756 | 7,313 | (7.6) | (1.6) | (6.0) | |||||
12,948 | 13,739 | (5.7) | (2.6) | (3.1) | ||||||
U.S. | 20,532 | 20,591 | (0.3) | (0.3) | — | |||||
International | 20,051 | 20,248 | (1.0) | 5.8 | (6.8) | |||||
Worldwide | $ 40,583 | 40,839 | (0.6) | % | 2.7 | (3.3) | ||||
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. |
Johnson & Johnson and Subsidiaries | |||||||||
Condensed Consolidated Statement of Earnings | |||||||||
(Unaudited; in Millions Except Per Share Figures) | SECOND QUARTER | ||||||||
2019 | 2018 | Percent | |||||||
Percent | Percent | Increase | |||||||
Amount | to Sales | Amount | to Sales | (Decrease) | |||||
Sales to customers | $ 20,562 | 100.0 | $ 20,830 | 100.0 | (1.3) | ||||
Cost of products sold | 6,940 | 33.8 | 6,927 | 33.3 | 0.2 | ||||
Gross Profit | 13,622 | 66.2 | 13,903 | 66.7 | (2.0) | ||||
Selling, marketing and administrative expenses | 5,546 | 27.0 | 5,743 | 27.5 | (3.4) | ||||
Research and development expense | 2,666 | 13.0 | 2,639 | 12.7 | 1.0 | ||||
Interest (income) expense, net | (5) | 0.0 | 127 | 0.6 | |||||
Other (income) expense, net | (1,683) | (8.2) | 364 | 1.7 | |||||
Restructuring | 57 | 0.2 | 57 | 0.3 | |||||
Earnings before provision for taxes on income | 7,041 | 34.2 | 4,973 | 23.9 | 41.6 | ||||
Provision for taxes on income | 1,434 | 6.9 | 1,019 | 4.9 | 40.7 | ||||
Net earnings | $ 5,607 | 27.3 | $ 3,954 | 19.0 | 41.8 | ||||
Net earnings per share (Diluted) | $ 2.08 | $ 1.45 | 43.4 | ||||||
Average shares outstanding (Diluted) | 2,691.7 | 2,721.3 | |||||||
Effective tax rate | 20.4 | % | 20.5 | % | |||||
Adjusted earnings before provision for taxes and net earnings (1) (A) | |||||||||
Earnings before provision for taxes on income | $ 8,614 | 41.9 | $ 7,014 | 33.7 | 22.8 | ||||
Net earnings | $ 6,950 | 33.8 | $ 5,718 | 27.5 | 21.5 | ||||
Net earnings per share (Diluted) | $ 2.58 | $ 2.10 | 22.9 | ||||||
Effective tax rate | 19.3 | % | 18.5 | % | |||||
(1) See Reconciliation of Non-GAAP Financial Measures. | |||||||||
(A) NON-GAAP FINANCIAL MEASURES "Adjusted earnings before provision for taxes on income," "adjusted net earnings," "adjusted net earnings per share (diluted)," and "adjusted effective tax rate" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant costs associated with acquisitions, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate prepared in accordance with GAAP, adjusted earnings before provision for taxes on income, adjusted net earnings, adjusted net earnings per share (diluted), and adjusted effective tax rate may not be comparable with the calculation of similar measures for other companies. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as intangible asset amortization expense, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. |
Johnson & Johnson and Subsidiaries | |||||||||||
Condensed Consolidated Statement of Earnings | |||||||||||
(Unaudited; in Millions Except Per Share Figures) | SIX MONTHS | ||||||||||
2019 | 2018 | Percent | |||||||||
Percent | Percent | Increase | |||||||||
Amount | to Sales | Amount | to Sales | (Decrease) | |||||||
Sales to customers | $ 40,583 | 100.0 | $ 40,839 | 100.0 | (0.6) | ||||||
Cost of products sold | 13,555 | 33.4 | 13,541 | 33.2 | 0.1 | ||||||
Gross Profit | 27,028 | 66.6 | 27,298 | 66.8 | (1.0) | ||||||
Selling, marketing and administrative expenses | 10,765 | 26.5 | 11,006 | 27.0 | (2.2) | ||||||
Research and development expense | 5,524 | 13.6 | 5,043 | 12.3 | 9.5 | ||||||
In-process research and development | 890 | 2.2 | — | — | |||||||
Interest (income) expense, net | (2) | 0.0 | 272 | 0.7 | |||||||
Other (income) expense, net | (1,705) | (4.2) | 424 | 1.0 | |||||||
Restructuring | 93 | 0.3 | 99 | 0.2 | |||||||
Earnings before provision for taxes on income | 11,463 | 28.2 | 10,454 | 25.6 | 9.7 | ||||||
Provision for taxes on income | 2,107 | 5.1 | 2,133 | 5.2 | (1.2) | ||||||
Net earnings | $ 9,356 | 23.1 | $ 8,321 | 20.4 | 12.4 | ||||||
Net earnings per share (Diluted) | $ 3.47 | $ 3.05 | 13.8 | ||||||||
Average shares outstanding (Diluted) | 2,697.0 | 2,728.5 | |||||||||
Effective tax rate | 18.4 | % | 20.4 | % | |||||||
Adjusted earnings before provision for taxes and net earnings (1) (A) | |||||||||||
Earnings before provision for taxes on income | $ 15,481 | 38.1 | $ 13,872 | 34.0 | 11.6 | ||||||
Net earnings | $ 12,611 | 31.1 | $ 11,353 | 27.8 | 11.1 | ||||||
Net earnings per share (Diluted) | $ 4.68 | $ 4.16 | 12.5 | ||||||||
Effective tax rate | 18.5 | % | 18.2 | % | |||||||
(1) See Reconciliation of Non-GAAP Financial Measures. | |||||||||||
(A) NON-GAAP FINANCIAL MEASURES "Adjusted earnings before provision for taxes on income," "adjusted net earnings," "adjusted net earnings per share (diluted)," and "adjusted effective tax rate" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant costs associated with acquisitions, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate prepared in accordance with GAAP, adjusted earnings before provision for taxes on income, adjusted net earnings, adjusted net earnings per share (diluted), and adjusted effective tax rate may not be comparable with the calculation of similar measures for other companies. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as intangible asset amortization expense, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. |
Johnson & Johnson and Subsidiaries | |||||||||||||
Reconciliation of Non-GAAP Financial Measures | |||||||||||||
Second Quarter | % Incr. / | ||||||||||||
(Dollars in Millions Except Per Share Data) | 2019 | 2018 | (Decr.) | ||||||||||
Earnings before provision for taxes on income - as reported | $ 7,041 | 4,973 | 41.6 | % | |||||||||
Intangible asset amortization expense | 1,118 | 1,084 | |||||||||||
In-process research and development | — | — | |||||||||||
Litigation expense, net | 409 | 703 | |||||||||||
Restructuring/Other (1) | 142 | 176 | |||||||||||
Actelion acquisition related cost | 51 | 64 | |||||||||||
AMO acquisition related cost | 13 | 25 | |||||||||||
Auris Health acquisition related | (9) | — | |||||||||||
Unrealized loss/(gain) on securities | (148) | (39) | |||||||||||
Diabetes asset impairment | — | 4 | |||||||||||
Other | (3) | 24 | |||||||||||
Earnings before provision for taxes on income - as adjusted | $ 8,614 | 7,014 | 22.8 | % | |||||||||
Net Earnings - as reported | $ 5,607 | 3,954 | 41.8 | % | |||||||||
Intangible asset amortization expense | 979 | 967 | |||||||||||
In-process research and development | — | — | |||||||||||
Litigation expense, net | 342 | 609 | |||||||||||
Restructuring/Other | 116 | 152 | |||||||||||
Actelion acquisition related cost | 47 | 64 | |||||||||||
AMO acquisition related cost | 10 | 22 | |||||||||||
Auris Health acquisition related | (7) | — | |||||||||||
Unrealized loss/(gain) on securities | (117) | (31) | |||||||||||
Diabetes asset impairment | — | 3 | |||||||||||
Impact of tax legislation (2) | — | (40) | |||||||||||
Other | (27) | 18 | |||||||||||
Net Earnings - as adjusted | $ 6,950 | 5,718 | 21.5 | % | |||||||||
Diluted Net Earnings per share - as reported | $ 2.08 | 1.45 | 43.4 | % | |||||||||
Intangible asset amortization expense | 0.36 | 0.36 | |||||||||||
In-process research and development | — | — | |||||||||||
Litigation expense, net | 0.13 | 0.22 | |||||||||||
Restructuring/Other | 0.04 | 0.06 | |||||||||||
Actelion acquisition related cost | 0.02 | 0.02 | |||||||||||
AMO acquisition related cost | — | 0.01 | |||||||||||
Auris Health acquisition related | — | — | |||||||||||
Unrealized loss/(gain) on securities | (0.04) | (0.01) | |||||||||||
Diabetes asset impairment | — | — | |||||||||||
Impact of tax legislation | — | (0.02) | |||||||||||
Other | (0.01) | 0.01 | |||||||||||
Diluted Net Earnings per share - as adjusted | $ 2.58 | 2.10 | 22.9 | % | |||||||||
Operational Diluted Net Earnings per share - as adjusted | |||||||||||||
at 2017 foreign currency exchange rates | 2.04 | ||||||||||||
Impact of currency at 2018 foreign currency exchange rates | 0.05 | 0.06 | |||||||||||
Operational Diluted Net Earnings per share - as adjusted | |||||||||||||
at 2018 foreign currency exchange rates | $ 2.63 | 2.10 | 25.2 | % | |||||||||
(1) Includes $38M recorded in cost of products sold and $47M recorded in other (income) expense for the second quarter 2019. Includes $44M recorded in cost of products sold and $75M recorded in other (income) expense for the second quarter 2018. | |||||||||||||
(2) Includes foreign currency translation |
Johnson & Johnson and Subsidiaries | |||||||||||||
Reconciliation of Non-GAAP Financial Measures | |||||||||||||
Six Months YTD | % Incr. / | ||||||||||||
(Dollars in Millions Except Per Share Data) | 2019 | 2018 | (Decr.) | ||||||||||
Earnings before provision for taxes on income - as reported | $ 11,463 | 10,454 | 9.7 | % | |||||||||
Intangible asset amortization expense | 2,248 | 2,199 | |||||||||||
In-process research and development | 890 | — | |||||||||||
Litigation expense, net | 832 | 703 | |||||||||||
Restructuring/Other (1) | 232 | 283 | |||||||||||
Actelion acquisition related cost | 90 | 160 | |||||||||||
AMO acquisition related cost | 41 | 46 | |||||||||||
Auris Health acquisition related | (9 | ) | — | ||||||||||
Unrealized loss/(gain) on securities | (306 | ) | (12) | ||||||||||
Diabetes asset impairment | — | 4 | |||||||||||
Other | — | 35 | |||||||||||
Earnings before provision for taxes on income - as adjusted | $ 15,481 | 13,872 | 11.6 | % | |||||||||
Net Earnings - as reported | $ 9,356 | 8,321 | 12.4 | % | |||||||||
Intangible asset amortization expense | 1,825 | 1,963 | |||||||||||
In-process research and development | 703 | — | |||||||||||
Litigation expense, net | 684 | 609 | |||||||||||
Restructuring/Other | 191 | 233 | |||||||||||
Actelion acquisition related cost | 84 | 156 | |||||||||||
AMO acquisition related cost | 33 | 39 | |||||||||||
Auris Health acquisition related | (7 | ) | — | ||||||||||
Unrealized loss/(gain) on securities | (242 | ) | (10) | ||||||||||
Diabetes asset impairment | — | 3 | |||||||||||
Impact of tax legislation (2) | — | 12 | |||||||||||
Other | (16 | ) | 27 | ||||||||||
Net Earnings - as adjusted | $ 12,611 | 11,353 | 11.1 | % | |||||||||
Diluted Net Earnings per share - as reported | $ 3.47 | 3.05 | 13.8 | % | |||||||||
Intangible asset amortization expense | 0.68 | 0.72 | |||||||||||
In-process research and development | 0.26 | — | |||||||||||
Litigation expense, net | 0.26 | 0.22 | |||||||||||
Restructuring/Other | 0.07 | 0.09 | |||||||||||
Actelion acquisition related cost | 0.03 | 0.05 | |||||||||||
AMO acquisition related cost | 0.01 | 0.01 | |||||||||||
Auris Health acquisition related | — | — | |||||||||||
Unrealized loss/(gain) on securities | (0.09 | ) | — | ||||||||||
Diabetes asset impairment | — | — | |||||||||||
Impact of tax legislation | — | 0.01 | |||||||||||
Other | (0.01 | ) | 0.01 | ||||||||||
Diluted Net Earnings per share - as adjusted | $ 4.68 | 4.16 | 12.5 | % | |||||||||
Operational Diluted Net Earnings per share - as adjusted | |||||||||||||
at 2017 foreign currency exchange rates | 3.97 | ||||||||||||
Impact of currency at 2018 foreign currency exchange rates | 0.13 | 0.19 | |||||||||||
Operational Diluted Net Earnings per share - as adjusted | |||||||||||||
at 2018 foreign currency exchange rates | $ 4.81 | 4.16 | 15.6 | % | |||||||||
(1) Includes $61M recorded in cost of products sold and $78M recorded in other (income) expense for six months 2019 YTD. Includes $50M recorded in cost of products sold and $134M recorded in other (income) expense for six months 2018 YTD. | |||||||||||||
(2) Includes foreign currency translation |
Johnson & Johnson and Subsidiaries | ||||||||
Reconciliation of Non-GAAP Financial Measure | ||||||||
Adjusted Operational Sales Growth (A) | ||||||||
SECOND QUARTER 2019 ACTUAL vs. 2018 ACTUAL | ||||||||
Segments | ||||||||
Consumer | Pharmaceutical | Medical Devices | Total | |||||
WW As Reported | 1.2% | 1.7% | (6.9)% | (1.3)% | ||||
U.S. | 4.1% | (2.0)% | (5.6)% | (2.2)% | ||||
International | (1.0)% | 6.5% | (8.1)% | (0.3)% | ||||
WW Currency | (3.4) | (2.7) | (2.8) | (2.9) | ||||
U.S. | — | — | — | — | ||||
International | (5.9) | (6.4) | (5.2) | (5.8) | ||||
WW Operational | 4.6% | 4.4% | (4.1)% | 1.6% | ||||
U.S. | 4.1% | (2.0)% | (5.6)% | (2.2)% | ||||
International | 4.9% | 12.9% | (2.9)% | 5.5% | ||||
Beauty | ||||||||
Nizoral | 0.6 | 0.1 | ||||||
U.S. | 0.3 | 0.0 | ||||||
International | 0.7 | 0.1 | ||||||
OTC | ||||||||
Zarbees | (0.6) | (0.1) | ||||||
U.S. | (1.4) | (0.2) | ||||||
International | 0.0 | 0.0 | ||||||
Diabetes Care | ||||||||
LifeScan | 5.1 | 1.7 | ||||||
U.S. | 4.0 | 1.2 | ||||||
International | 6.2 | 2.3 | ||||||
Beauty | ||||||||
RoC | 0.7 | 0.1 | ||||||
U.S. | 1.3 | 0.2 | ||||||
International | 0.3 | 0.1 | ||||||
Beauty | ||||||||
Dr. Ci Labo - Japan | (3.0) | (0.5) | ||||||
U.S. | 0.0 | 0.0 | ||||||
International | (5.2) | (1.0) | ||||||
Specialty Surgery | ||||||||
Advanced Sterilization Products | 2.0 | 0.7 | ||||||
U.S. | 3.0 | 0.9 | ||||||
International | 1.2 | 0.5 | ||||||
All Other Acquisitions and Divestitures | 0.0 | 0.0 | 0.1 | 0.0 | ||||
U.S. | 0.0 | 0.0 | 0.1 | 0.0 | ||||
International | 0.1 | 0.0 | 0.1 | 0.0 | ||||
WW Adjusted Operational | 2.3% | 4.4% | 3.2% | 3.7% | ||||
U.S. | 4.4% | (2.0)% | 1.6% | 0.0% | ||||
International | 0.7% | 12.9% | 4.7% | 7.6% | ||||
Note: Percentages are based on actual, non-rounded figures and may not sum | ||||||||
(A) NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry. |
Johnson & Johnson and Subsidiaries | ||||||||
Reconciliation of Non-GAAP Financial Measure | ||||||||
Adjusted Operational Sales Growth (A) | ||||||||
SIX MONTHS 2019 ACTUAL vs. 2018 ACTUAL | ||||||||
Segments | ||||||||
Consumer | Pharmaceutical | Medical Devices | Total | |||||
WW As Reported | (0.6)% | 2.8% | (5.7)% | (0.6)% | ||||
U.S. | 2.2% | 1.0% | (3.6)% | (0.3)% | ||||
International | (2.6)% | 5.2% | (7.6)% | (1.0)% | ||||
WW Currency | (4.0) | (3.3) | (3.1) | (3.3) | ||||
U.S. | — | — | — | — | ||||
International | (6.9) | (7.3) | (6.0) | (6.8) | ||||
WW Operational | 3.4% | 6.1% | (2.6)% | 2.7% | ||||
U.S. | 2.2% | 1.0% | (3.6)% | (0.3)% | ||||
International | 4.3% | 12.5% | (1.6)% | 5.8% | ||||
Beauty | ||||||||
Nizoral | 0.5 | 0.1 | ||||||
U.S. | 0.3 | 0.0 | ||||||
International | 0.6 | 0.1 | ||||||
OTC | ||||||||
Zarbees | (0.7) | (0.1) | ||||||
U.S. | (1.7) | (0.2) | ||||||
International | 0.0 | 0.0 | ||||||
Diabetes Care | ||||||||
LifeScan | 5.1 | 1.7 | ||||||
U.S. | 3.9 | 1.2 | ||||||
International | 6.1 | 2.3 | ||||||
Beauty | ||||||||
RoC | 0.8 | 0.1 | ||||||
U.S. | 1.4 | 0.2 | ||||||
International | 0.3 | 0.1 | ||||||
Beauty | ||||||||
Dr. Ci Labo - Japan | (2.6) | (0.4) | ||||||
U.S. | 0.0 | 0.0 | ||||||
International | (4.4) | (0.9) | ||||||
Specialty Surgery | ||||||||
Advanced Sterilization Products | 1.1 | 0.4 | ||||||
U.S. | 1.5 | 0.5 | ||||||
International | 0.6 | 0.2 | ||||||
All Other Acquisitions and Divestitures | 0.1 | 0.0 | 0.1 | 0.1 | ||||
U.S. | 0.0 | 0.0 | 0.2 | 0.1 | ||||
International | 0.2 | 0.0 | 0.1 | 0.1 | ||||
WW Adjusted Operational | 1.5% | 6.1% | 3.8% | 4.6% | ||||
U.S. | 2.2% | 1.0% | 2.1% | 1.5% | ||||
International | 1.0% | 12.5% | 5.3% | 7.7% | ||||
Note: Percentages are based on actual, non-rounded figures and may not sum | ||||||||
(A) NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry. |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
CONSUMER SEGMENT (2) | ||||||||||||||
BABY CARE | ||||||||||||||
US | $ | 99 | 89 | 11.5 | % | 11.5 | % | — | % | |||||
Intl | 344 | 367 | (6.3 | ) | 0.0 | (6.3 | ) | |||||||
WW | 443 | 456 | (2.8 | ) | 2.2 | (5.0 | ) | |||||||
BEAUTY | ||||||||||||||
US | 663 | 637 | 4.1 | 4.1 | — | |||||||||
Intl | 539 | 472 | 14.1 | 19.5 | (5.4 | ) | ||||||||
WW | 1,202 | 1,109 | 8.4 | 10.7 | (2.3 | ) | ||||||||
ORAL CARE | ||||||||||||||
US | 155 | 157 | (1.6 | ) | (1.6 | ) | — | |||||||
Intl | 234 | 236 | (0.7 | ) | 5.3 | (6.0 | ) | |||||||
WW | 389 | 393 | (1.1 | ) | 2.5 | (3.6 | ) | |||||||
OTC | ||||||||||||||
US | 484 | 454 | 6.6 | 6.6 | — | |||||||||
Intl | 580 | 612 | (5.1 | ) | 0.0 | (5.1 | ) | |||||||
WW | 1,064 | 1,066 | (0.1 | ) | 2.8 | (2.9 | ) | |||||||
WOMEN'S HEALTH | ||||||||||||||
US | 3 | 4 | (10.3 | ) | (10.3 | ) | — | |||||||
Intl | 250 | 276 | (9.5 | ) | (1.3 | ) | (8.2 | ) | ||||||
WW | 253 | 280 | (9.5 | ) | (1.4 | ) | (8.1 | ) | ||||||
WOUND CARE / OTHER | ||||||||||||||
US | 132 | 135 | (1.9 | ) | (1.9 | ) | — | |||||||
Intl | 61 | 65 | (6.4 | ) | (2.0 | ) | (4.4 | ) | ||||||
WW | 193 | 200 | (3.4 | ) | (1.9 | ) | (1.5 | ) | ||||||
TOTAL CONSUMER | ||||||||||||||
US | 1,537 | 1,476 | 4.1 | 4.1 | — | |||||||||
Intl | 2,007 | 2,028 | (1.0 | ) | 4.9 | (5.9 | ) | |||||||
WW | $ | 3,544 | 3,504 | 1.2 | % | 4.6 | % | (3.4 | )% | |||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) | ||||||||||||||
IMMUNOLOGY | ||||||||||||||
US | $ | 2,379 | 2,317 | 2.7 | % | 2.7 | % | — | % | |||||
Intl | 1,087 | 1,021 | 6.3 | 12.5 | (6.2 | ) | ||||||||
WW | 3,466 | 3,338 | 3.8 | 5.7 | (1.9 | ) | ||||||||
REMICADE | ||||||||||||||
US | 801 | 918 | (12.7 | ) | (12.7 | ) | — | |||||||
US Exports (3) | 62 | 104 | (40.3 | ) | (40.3 | ) | — | |||||||
Intl | 244 | 298 | (18.5 | ) | (13.5 | ) | (5.0 | ) | ||||||
WW | 1,107 | 1,320 | (16.2 | ) | (15.1 | ) | (1.1 | ) | ||||||
SIMPONI / SIMPONI ARIA | ||||||||||||||
US | 281 | 274 | 2.7 | 2.7 | — | |||||||||
Intl | 282 | 274 | 2.7 | 8.5 | (5.8 | ) | ||||||||
WW | 563 | 548 | 2.7 | 5.6 | (2.9 | ) | ||||||||
STELARA | ||||||||||||||
US | 1,058 | 919 | 15.2 | 15.2 | — | |||||||||
Intl | 499 | 422 | 18.1 | 25.0 | (6.9 | ) | ||||||||
WW | 1,558 | 1,341 | 16.1 | 18.3 | (2.2 | ) | ||||||||
TREMFYA | ||||||||||||||
US | 176 | 102 | 72.3 | 72.3 | — | |||||||||
Intl | 59 | 24 | * | * | * | |||||||||
WW | 235 | 126 | 86.5 | 88.9 | (2.4 | ) | ||||||||
OTHER IMMUNOLOGY (4) | ||||||||||||||
US | — | — | — | — | — | |||||||||
Intl | 3 | 3 | 27.7 | 27.0 | 0.7 | |||||||||
WW | 3 | 3 | 27.7 | 27.0 | 0.7 | |||||||||
INFECTIOUS DISEASES | ||||||||||||||
US | 387 | 328 | 17.8 | 17.8 | — | |||||||||
Intl | 475 | 521 | (8.7 | ) | (2.5 | ) | (6.2 | ) | ||||||
WW | 862 | 849 | 1.5 | 5.4 | (3.9 | ) | ||||||||
EDURANT / rilpivirine | ||||||||||||||
US | 12 | 15 | (15.8 | ) | (15.8 | ) | — | |||||||
Intl | 198 | 196 | 0.5 | 6.6 | (6.1 | ) | ||||||||
WW | 210 | 211 | (0.6 | ) | 5.0 | (5.6 | ) | |||||||
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA | ||||||||||||||
US | 344 | 277 | 24.2 | 24.2 | — | |||||||||
Intl | 191 | 215 | (11.1 | ) | (4.6 | ) | (6.5 | ) | ||||||
WW | 535 | 492 | 8.7 | 11.6 | (2.9 | ) | ||||||||
OTHER INFECTIOUS DISEASES | ||||||||||||||
US | 31 | 36 | (16.6 | ) | (16.6 | ) | — | |||||||
Intl | 86 | 110 | (20.8 | ) | (14.6 | ) | (6.2 | ) | ||||||
WW | 117 | 146 | (19.7 | ) | (15.1 | ) | (4.6 | ) | ||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
NEUROSCIENCE | ||||||||||||||
US | $ | 664 | 639 | 3.8 | % | 3.8 | % | — | % | |||||
Intl | 875 | 889 | (1.6 | ) | 3.9 | (5.5 | ) | |||||||
WW | 1,538 | 1,528 | 0.6 | 3.9 | (3.3 | ) | ||||||||
CONCERTA / methylphenidate | ||||||||||||||
US | 15 | 68 | (78.6 | ) | (78.6 | ) | — | |||||||
Intl | 123 | 115 | 6.2 | 12.1 | (5.9 | ) | ||||||||
WW | 137 | 183 | (25.2 | ) | (21.5 | ) | (3.7 | ) | ||||||
INVEGA SUSTENNA / XEPLION / INVEGA | ||||||||||||||
TRINZA / TREVICTA | ||||||||||||||
US | 506 | 438 | 15.6 | 15.6 | — | |||||||||
Intl | 312 | 282 | 10.4 | 17.2 | (6.8 | ) | ||||||||
WW | 818 | 720 | 13.6 | 16.3 | (2.7 | ) | ||||||||
RISPERDAL CONSTA | ||||||||||||||
US | 81 | 80 | 0.8 | 0.8 | — | |||||||||
Intl | 101 | 108 | (6.5 | ) | (0.1 | ) | (6.4 | ) | ||||||
WW | 182 | 188 | (3.4 | ) | 0.3 | (3.7 | ) | |||||||
OTHER NEUROSCIENCE | ||||||||||||||
US | 62 | 53 | 16.1 | 16.1 | — | |||||||||
Intl | 340 | 384 | (11.5 | ) | (7.3 | ) | (4.2 | ) | ||||||
WW | 401 | 437 | (8.1 | ) | (4.4 | ) | (3.7 | ) | ||||||
ONCOLOGY | ||||||||||||||
US | 1,013 | 1,085 | (6.6 | ) | (6.6 | ) | — | |||||||
Intl | 1,684 | 1,371 | 22.8 | 30.5 | (7.7 | ) | ||||||||
WW | 2,697 | 2,456 | 9.8 | 14.1 | (4.3 | ) | ||||||||
DARZALEX | ||||||||||||||
US | 369 | 298 | 24.4 | 24.4 | — | |||||||||
Intl | 405 | 213 | 89.5 | * | (13.6 | ) | ||||||||
WW | 774 | 511 | 51.6 | 57.3 | (5.7 | ) | ||||||||
IMBRUVICA | ||||||||||||||
US | 367 | 250 | 47.0 | 47.0 | — | |||||||||
Intl | 463 | 370 | 25.3 | 33.9 | (8.6 | ) | ||||||||
WW | 831 | 620 | 34.1 | 39.2 | (5.1 | ) | ||||||||
VELCADE | ||||||||||||||
US | — | — | — | — | — | |||||||||
Intl | 224 | 280 | (20.1 | ) | (16.1 | ) | (4.0 | ) | ||||||
WW | 224 | 280 | (20.1 | ) | (16.1 | ) | (4.0 | ) | ||||||
ZYTIGA / abiraterone acetate | ||||||||||||||
US | 198 | 486 | (59.4 | ) | (59.4 | ) | — | |||||||
Intl | 500 | 423 | 18.0 | 24.5 | (6.5 | ) | ||||||||
WW | 698 | 909 | (23.3 | ) | (20.3 | ) | (3.0 | ) | ||||||
OTHER ONCOLOGY | ||||||||||||||
US | 78 | 51 | 50.5 | 50.5 | — | |||||||||
Intl | 92 | 85 | 8.8 | 16.2 | (7.4 | ) | ||||||||
WW | 170 | 136 | 24.7 | 29.3 | (4.6 | ) | ||||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
PULMONARY HYPERTENSION | ||||||||||||||
US | $ | 439 | 429 | 2.2 | % | 2.2 | % | — | % | |||||
Intl | 251 | 236 | 6.7 | 12.7 | (6.0 | ) | ||||||||
WW | 690 | 665 | 3.8 | 6.0 | (2.2 | ) | ||||||||
OPSUMIT | ||||||||||||||
US | 203 | 180 | 12.8 | 12.8 | — | |||||||||
Intl | 146 | 131 | 11.5 | 18.1 | (6.6 | ) | ||||||||
WW | 348 | 311 | 12.3 | 15.0 | (2.7 | ) | ||||||||
TRACLEER | ||||||||||||||
US | 41 | 71 | (41.8 | ) | (41.8 | ) | — | |||||||
Intl | 62 | 72 | (14.5 | ) | (10.9 | ) | (3.6 | ) | ||||||
WW | 103 | 143 | (28.0 | ) | (26.2 | ) | (1.8 | ) | ||||||
UPTRAVI | ||||||||||||||
US | 175 | 155 | 13.4 | 13.4 | — | |||||||||
Intl | 28 | 16 | 62.5 | 71.6 | (9.1 | ) | ||||||||
WW | 203 | 171 | 18.2 | 19.1 | (0.9 | ) | ||||||||
OTHER | ||||||||||||||
US | 20 | 23 | (18.2 | ) | (18.2 | ) | — | |||||||
Intl | 16 | 17 | 3.7 | 13.3 | (9.6 | ) | ||||||||
WW | 37 | 40 | (9.6 | ) | (5.8 | ) | (3.8 | ) | ||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
CARDIOVASCULAR / METABOLISM / OTHER | ||||||||||||||
US | $ | 902 | 1,101 | (18.1 | )% | (18.1 | )% | — | % | |||||
Intl | 373 | 417 | (10.5 | ) | (5.7 | ) | (4.8 | ) | ||||||
WW | 1,275 | 1,518 | (16.0 | ) | (14.7 | ) | (1.3 | ) | ||||||
XARELTO | ||||||||||||||
US | 549 | 679 | (19.2 | ) | (19.2 | ) | — | |||||||
Intl | — | — | — | — | — | |||||||||
WW | 549 | 679 | (19.2 | ) | (19.2 | ) | — | |||||||
INVOKANA / INVOKAMET | ||||||||||||||
US | 132 | 169 | (21.2 | ) | (21.2 | ) | — | |||||||
Intl | 43 | 46 | (6.0 | ) | (1.5 | ) | (4.5 | ) | ||||||
WW | 177 | 215 | (17.9 | ) | (16.9 | ) | (1.0 | ) | ||||||
PROCRIT / EPREX | ||||||||||||||
US | 113 | 156 | (27.5 | ) | (27.5 | ) | — | |||||||
Intl | 70 | 80 | (13.4 | ) | (9.6 | ) | (3.8 | ) | ||||||
WW | 183 | 236 | (22.7 | ) | (21.4 | ) | (1.3 | ) | ||||||
OTHER | ||||||||||||||
US | 107 | 97 | 9.3 | 9.3 | — | |||||||||
Intl | 260 | 291 | (10.5 | ) | (5.2 | ) | (5.3 | ) | ||||||
WW | 368 | 388 | (5.5 | ) | (1.5 | ) | (4.0 | ) | ||||||
TOTAL PHARMACEUTICAL | ||||||||||||||
US | 5,783 | 5,899 | (2.0 | ) | (2.0 | ) | — | |||||||
Intl | 4,746 | 4,455 | 6.5 | 12.9 | (6.4 | ) | ||||||||
WW | $ | 10,529 | 10,354 | 1.7 | % | 4.4 | % | (2.7 | )% | |||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
MEDICAL DEVICES SEGMENT (2) (5) | ||||||||||||||
DIABETES CARE (5) | ||||||||||||||
US | $ | — | 129 | *% | *% | — | % | |||||||
Intl | — | 226 | * | * | * | |||||||||
WW | — | 355 | * | * | * | |||||||||
INTERVENTIONAL SOLUTIONS | ||||||||||||||
US | 366 | 323 | 13.7 | 13.7 | — | |||||||||
Intl | 385 | 344 | 11.6 | 17.3 | (5.7 | ) | ||||||||
WW | 750 | 667 | 12.6 | 15.6 | (3.0 | ) | ||||||||
ORTHOPAEDICS | ||||||||||||||
US | 1,331 | 1,332 | (0.1 | ) | (0.1 | ) | — | |||||||
Intl | 894 | 930 | (3.8 | ) | 1.5 | (5.3 | ) | |||||||
WW | 2,224 | 2,262 | (1.6 | ) | 0.6 | (2.2 | ) | |||||||
HIPS | ||||||||||||||
US | 216 | 211 | 2.1 | 2.1 | — | |||||||||
Intl | 147 | 149 | (0.7 | ) | 5.0 | (5.7 | ) | |||||||
WW | 364 | 360 | 0.9 | 3.3 | (2.4 | ) | ||||||||
KNEES | ||||||||||||||
US | 218 | 229 | (4.8 | ) | (4.8 | ) | — | |||||||
Intl | 153 | 153 | 0.4 | 5.4 | (5.0 | ) | ||||||||
WW | 372 | 382 | (2.8 | ) | (0.7 | ) | (2.1 | ) | ||||||
TRAUMA | ||||||||||||||
US | 407 | 394 | 3.3 | 3.3 | — | |||||||||
Intl | 265 | 281 | (5.9 | ) | (0.6 | ) | (5.3 | ) | ||||||
WW | 672 | 675 | (0.6 | ) | 1.7 | (2.3 | ) | |||||||
SPINE & OTHER | ||||||||||||||
US | 490 | 498 | (1.5 | ) | (1.5 | ) | — | |||||||
Intl | 328 | 347 | (5.3 | ) | 0.0 | (5.3 | ) | |||||||
WW | 818 | 845 | (3.1 | ) | (0.9 | ) | (2.2 | ) | ||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SECOND QUARTER | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
MEDICAL DEVICES SEGMENT (2) (5) (Continued) | ||||||||||||||
SURGERY | ||||||||||||||
US | $ | 926 | 1,022 | (9.5 | )% | (9.5 | )% | — | % | |||||
Intl | 1,427 | 1,493 | (4.4 | ) | 1.5 | (5.9 | ) | |||||||
WW | 2,353 | 2,515 | (6.5 | ) | (3.0 | ) | (3.5 | ) | ||||||
ADVANCED | ||||||||||||||
US | 396 | 402 | (1.7 | ) | (1.7 | ) | — | |||||||
Intl | 633 | 603 | 5.0 | 11.2 | (6.2 | ) | ||||||||
WW | 1,029 | 1,005 | 2.3 | 6.1 | (3.8 | ) | ||||||||
GENERAL | ||||||||||||||
US | 443 | 436 | 1.6 | 1.6 | — | |||||||||
Intl | 674 | 733 | (7.9 | ) | (2.4 | ) | (5.5 | ) | ||||||
WW | 1,119 | 1,169 | (4.3 | ) | (0.9 | ) | (3.4 | ) | ||||||
SPECIALTY | ||||||||||||||
US | 87 | 184 | (53.1 | ) | (53.1 | ) | — | |||||||
Intl | 120 | 157 | (23.7 | ) | (18.2 | ) | (5.5 | ) | ||||||
WW | 206 | 341 | (39.6 | ) | (37.1 | ) | (2.5 | ) | ||||||
VISION | ||||||||||||||
US | 461 | 459 | 0.4 | 0.4 | — | |||||||||
Intl | 701 | 714 | (2.0 | ) | 2.2 | (4.2 | ) | |||||||
WW | 1,161 | 1,173 | (1.0 | ) | 1.5 | (2.5 | ) | |||||||
CONTACT LENSES / OTHER | ||||||||||||||
US | 333 | 320 | 3.9 | 3.9 | — | |||||||||
Intl | 509 | 524 | (2.9 | ) | 1.5 | (4.4 | ) | |||||||
WW | 842 | 844 | (0.3 | ) | 2.4 | (2.7 | ) | |||||||
SURGICAL | ||||||||||||||
US | 128 | 139 | (7.7 | ) | (7.7 | ) | — | |||||||
Intl | 191 | 190 | 0.7 | 4.2 | (3.5 | ) | ||||||||
WW | 319 | 329 | (2.8 | ) | (0.8 | ) | (2.0 | ) | ||||||
TOTAL MEDICAL DEVICES | ||||||||||||||
US | 3,083 | 3,265 | (5.6 | ) | (5.6 | ) | — | |||||||
Intl | 3,406 | 3,707 | (8.1 | ) | (2.9 | ) | (5.2 | ) | ||||||
WW | $ | 6,489 | 6,972 | (6.9 | )% | (4.1 | )% | (2.8 | )% | |||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
CONSUMER SEGMENT (2) | ||||||||||||||
BABY CARE | ||||||||||||||
US | $ | 186 | 186 | (0.2 | )% | (0.2 | )% | — | % | |||||
Intl | 651 | 727 | (10.5 | ) | (3.2 | ) | (7.3 | ) | ||||||
WW | 837 | 913 | (8.4 | ) | (2.6 | ) | (5.8 | ) | ||||||
BEAUTY | ||||||||||||||
US | 1,251 | 1,248 | 0.3 | 0.3 | — | |||||||||
Intl | 1,041 | 945 | 10.1 | 16.3 | (6.2 | ) | ||||||||
WW | 2,292 | 2,193 | 4.5 | 7.2 | (2.7 | ) | ||||||||
ORAL CARE | ||||||||||||||
US | 306 | 314 | (2.5 | ) | (2.5 | ) | — | |||||||
Intl | 450 | 458 | (1.7 | ) | 4.9 | (6.6 | ) | |||||||
WW | 756 | 772 | (2.0 | ) | 1.9 | (3.9 | ) | |||||||
OTC | ||||||||||||||
US | 991 | 919 | 7.8 | 7.8 | — | |||||||||
Intl | 1,160 | 1,219 | (4.9 | ) | 1.4 | (6.3 | ) | |||||||
WW | 2,151 | 2,138 | 0.6 | 4.2 | (3.6 | ) | ||||||||
WOMEN'S HEALTH | ||||||||||||||
US | 6 | 7 | (3.7 | ) | (3.7 | ) | — | |||||||
Intl | 472 | 516 | (8.6 | ) | 1.3 | (9.9 | ) | |||||||
WW | 478 | 523 | (8.5 | ) | 1.2 | (9.7 | ) | |||||||
WOUND CARE / OTHER | ||||||||||||||
US | 234 | 238 | (1.5 | ) | (1.5 | ) | — | |||||||
Intl | 114 | 125 | (8.9 | ) | (3.9 | ) | (5.0 | ) | ||||||
WW | 348 | 363 | (4.0 | ) | (2.3 | ) | (1.7 | ) | ||||||
TOTAL CONSUMER | ||||||||||||||
US | 2,975 | 2,912 | 2.2 | 2.2 | — | |||||||||
Intl | 3,887 | 3,990 | (2.6 | ) | 4.3 | (6.9 | ) | |||||||
WW | $ | 6,862 | 6,902 | (0.6 | )% | 3.4 | % | (4.0 | )% | |||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) | ||||||||||||||
IMMUNOLOGY | ||||||||||||||
US | $ | 4,542 | 4,317 | 5.2 | % | 5.2 | % | — | % | |||||
Intl | 2,175 | 2,063 | 5.4 | 12.5 | (7.1 | ) | ||||||||
WW | 6,717 | 6,380 | 5.3 | 7.6 | (2.3 | ) | ||||||||
REMICADE | ||||||||||||||
US | 1,575 | 1,834 | (14.1 | ) | (14.1 | ) | — | |||||||
US Exports (3) | 138 | 246 | (43.9 | ) | (43.9 | ) | — | |||||||
Intl | 496 | 629 | (21.2 | ) | (15.5 | ) | (5.7 | ) | ||||||
WW | 2,209 | 2,709 | (18.5 | ) | (17.1 | ) | (1.3 | ) | ||||||
SIMPONI / SIMPONI ARIA | ||||||||||||||
US | 544 | 498 | 9.1 | 9.1 | — | |||||||||
Intl | 543 | 568 | (4.4 | ) | 2.2 | (6.6 | ) | |||||||
WW | 1,087 | 1,066 | 1.9 | 5.4 | (3.5 | ) | ||||||||
STELARA | ||||||||||||||
US | 1,940 | 1,571 | 23.5 | 23.5 | — | |||||||||
Intl | 1,022 | 831 | 23.0 | 31.0 | (8.0 | ) | ||||||||
WW | 2,963 | 2,402 | 23.3 | 26.1 | (2.8 | ) | ||||||||
TREMFYA | ||||||||||||||
US | 344 | 168 | * | * | — | |||||||||
Intl | 108 | 30 | * | * | * | |||||||||
WW | 452 | 198 | * | * | * | |||||||||
OTHER IMMUNOLOGY (4) | ||||||||||||||
US | — | — | — | — | — | |||||||||
Intl | 6 | 5 | 23.6 | 24.0 | (0.4 | ) | ||||||||
WW | 6 | 5 | 23.6 | 24.0 | (0.4 | ) | ||||||||
INFECTIOUS DISEASES | ||||||||||||||
US | 744 | 661 | 12.5 | 12.5 | — | |||||||||
Intl | 964 | 1,018 | (5.3 | ) | 2.5 | (7.8 | ) | |||||||
WW | 1,708 | 1,679 | 1.7 | 6.5 | (4.8 | ) | ||||||||
EDURANT / rilpivirine | ||||||||||||||
US | 24 | 29 | (17.3 | ) | (17.3 | ) | — | |||||||
Intl | 397 | 392 | 1.4 | 8.6 | (7.2 | ) | ||||||||
WW | 421 | 421 | 0.1 | 6.8 | (6.7 | ) | ||||||||
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA | ||||||||||||||
US | 659 | 550 | 19.9 | 19.9 | — | |||||||||
Intl | 399 | 420 | (5.0 | ) | 3.4 | (8.4 | ) | |||||||
WW | 1,058 | 970 | 9.1 | 12.7 | (3.6 | ) | ||||||||
OTHER INFECTIOUS DISEASES | ||||||||||||||
US | 61 | 82 | (26.0 | ) | (26.0 | ) | — | |||||||
Intl | 168 | 206 | (18.6 | ) | (10.7 | ) | (7.9 | ) | ||||||
WW | 229 | 288 | (20.7 | ) | (15.1 | ) | (5.6 | ) | ||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
NEUROSCIENCE | ||||||||||||||
US | $ | 1,387 | 1,263 | 9.8 | % | 9.8 | % | — | % | |||||
Intl | 1,780 | 1,824 | (2.4 | ) | 4.1 | (6.5 | ) | |||||||
WW | 3,167 | 3,087 | 2.6 | 6.4 | (3.8 | ) | ||||||||
CONCERTA / methylphenidate | ||||||||||||||
US | 112 | 134 | (16.4 | ) | (16.4 | ) | — | |||||||
Intl | 239 | 222 | 7.3 | 13.9 | (6.6 | ) | ||||||||
WW | 351 | 356 | (1.6 | ) | 2.5 | (4.1 | ) | |||||||
INVEGA SUSTENNA / XEPLION / INVEGA | ||||||||||||||
TRINZA / TREVICTA | ||||||||||||||
US | 989 | 838 | 18.1 | 18.1 | — | |||||||||
Intl | 619 | 578 | 7.0 | 14.7 | (7.7 | ) | ||||||||
WW | 1,608 | 1,416 | 13.6 | 16.7 | (3.1 | ) | ||||||||
RISPERDAL CONSTA | ||||||||||||||
US | 158 | 162 | (3.0 | ) | (3.0 | ) | — | |||||||
Intl | 203 | 222 | (8.4 | ) | (1.3 | ) | (7.1 | ) | ||||||
WW | 361 | 384 | (6.2 | ) | (2.0 | ) | (4.2 | ) | ||||||
OTHER NEUROSCIENCE | ||||||||||||||
US | 128 | 129 | (0.4 | ) | (0.4 | ) | — | |||||||
Intl | 719 | 802 | (10.3 | ) | (4.8 | ) | (5.5 | ) | ||||||
WW | 847 | 931 | (8.9 | ) | (4.1 | ) | (4.8 | ) | ||||||
ONCOLOGY | ||||||||||||||
US | 1,975 | 2,018 | (2.1 | ) | (2.1 | ) | — | |||||||
Intl | 3,240 | 2,749 | 17.9 | 26.3 | (8.4 | ) | ||||||||
WW | 5,215 | 4,767 | 9.4 | 14.3 | (4.9 | ) | ||||||||
DARZALEX | ||||||||||||||
US | 721 | 562 | 28.5 | 28.5 | — | |||||||||
Intl | 682 | 381 | 78.7 | 93.0 | (14.3 | ) | ||||||||
WW | 1,403 | 943 | 48.8 | 54.6 | (5.8 | ) | ||||||||
IMBRUVICA | ||||||||||||||
US | 716 | 477 | 50.2 | 50.2 | — | |||||||||
Intl | 898 | 730 | 23.1 | 33.0 | (9.9 | ) | ||||||||
WW | 1,615 | 1,207 | 33.8 | 39.8 | (6.0 | ) | ||||||||
VELCADE | ||||||||||||||
US | — | — | — | — | — | |||||||||
Intl | 487 | 593 | (17.9 | ) | (12.9 | ) | (5.0 | ) | ||||||
WW | 487 | 593 | (17.9 | ) | (12.9 | ) | (5.0 | ) | ||||||
ZYTIGA / abiraterone acetate | ||||||||||||||
US | 383 | 893 | (57.1 | ) | (57.1 | ) | — | |||||||
Intl | 994 | 861 | 15.4 | 22.6 | (7.2 | ) | ||||||||
WW | 1,377 | 1,754 | (21.5 | ) | (18.0 | ) | (3.5 | ) | ||||||
OTHER ONCOLOGY | ||||||||||||||
US | 154 | 86 | 77.7 | 77.7 | — | |||||||||
Intl | 179 | 184 | (2.5 | ) | 5.3 | (7.8 | ) | |||||||
WW | 333 | 270 | 23.2 | 28.6 | (5.4 | ) | ||||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
PULMONARY HYPERTENSION | ||||||||||||||
US | $ | 869 | 790 | 10.0 | % | 10.0 | % | — | % | |||||
Intl | 477 | 460 | 3.7 | 10.7 | (7.0 | ) | ||||||||
WW | 1,346 | 1,250 | 7.7 | 10.2 | (2.5 | ) | ||||||||
OPSUMIT | ||||||||||||||
US | 375 | 329 | 14.2 | 14.2 | — | |||||||||
Intl | 279 | 253 | 10.3 | 18.0 | (7.7 | ) | ||||||||
WW | 654 | 582 | 12.5 | 15.8 | (3.3 | ) | ||||||||
TRACLEER | ||||||||||||||
US | 102 | 139 | (26.3 | ) | (26.3 | ) | — | |||||||
Intl | 118 | 144 | (18.7 | ) | (14.6 | ) | (4.1 | ) | ||||||
WW | 220 | 283 | (22.4 | ) | (20.3 | ) | (2.1 | ) | ||||||
UPTRAVI | ||||||||||||||
US | 351 | 279 | 25.9 | 25.9 | — | |||||||||
Intl | 50 | 32 | 53.1 | 63.0 | (9.9 | ) | ||||||||
WW | 401 | 311 | 28.7 | 29.7 | (1.0 | ) | ||||||||
OTHER | ||||||||||||||
US | 41 | 43 | (8.4 | ) | (8.4 | ) | — | |||||||
Intl | 31 | 31 | 4.1 | 15.1 | (11.0 | ) | ||||||||
WW | 72 | 74 | (3.4 | ) | 1.0 | (4.4 | ) | |||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
PHARMACEUTICAL SEGMENT (2) (4) (Continued) | ||||||||||||||
CARDIOVASCULAR / METABOLISM / OTHER | ||||||||||||||
US | $ | 1,849 | 2,204 | (16.1 | )% | (16.1 | )% | — | % | |||||
Intl | 771 | 831 | (7.2 | ) | (1.5 | ) | (5.7 | ) | ||||||
WW | 2,620 | 3,035 | (13.7 | ) | (12.1 | ) | (1.6 | ) | ||||||
XARELTO | ||||||||||||||
US | 1,091 | 1,257 | (13.2 | ) | (13.2 | ) | — | |||||||
Intl | — | — | — | — | — | |||||||||
WW | 1,091 | 1,257 | (13.2 | ) | (13.2 | ) | — | |||||||
INVOKANA / INVOKAMET | ||||||||||||||
US | 286 | 373 | (23.2 | ) | (23.2 | ) | — | |||||||
Intl | 92 | 90 | 2.6 | 8.9 | (6.3 | ) | ||||||||
WW | 379 | 463 | (18.2 | ) | (16.9 | ) | (1.3 | ) | ||||||
PROCRIT / EPREX | ||||||||||||||
US | 261 | 345 | (24.3 | ) | (24.3 | ) | — | |||||||
Intl | 148 | 167 | (11.7 | ) | (7.3 | ) | (4.4 | ) | ||||||
WW | 409 | 512 | (20.2 | ) | (18.7 | ) | (1.5 | ) | ||||||
OTHER | ||||||||||||||
US | 211 | 229 | (8.2 | ) | (8.2 | ) | — | |||||||
Intl | 531 | 574 | (7.5 | ) | (1.4 | ) | (6.1 | ) | ||||||
WW | 742 | 803 | (7.7 | ) | (3.4 | ) | (4.3 | ) | ||||||
TOTAL PHARMACEUTICAL | ||||||||||||||
US | 11,365 | 11,253 | 1.0 | 1.0 | — | |||||||||
Intl | 9,408 | 8,945 | 5.2 | 12.5 | (7.3 | ) | ||||||||
WW | $ | 20,773 | 20,198 | 2.8 | % | 6.1 | % | (3.3 | )% | |||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
MEDICAL DEVICES SEGMENT (2) (5) | ||||||||||||||
DIABETES CARE (5) | ||||||||||||||
US | $ | — | 246 | *% | *% | — | % | |||||||
Intl | — | 448 | * | * | * | |||||||||
WW | — | 694 | * | * | * | |||||||||
INTERVENTIONAL SOLUTIONS | ||||||||||||||
US | 709 | 627 | 13.2 | 13.2 | — | |||||||||
Intl | 774 | 680 | 13.7 | 20.0 | (6.3 | ) | ||||||||
WW | 1,482 | 1,307 | 13.4 | 16.7 | (3.3 | ) | ||||||||
ORTHOPAEDICS | ||||||||||||||
US | 2,649 | 2,639 | 0.4 | 0.4 | — | |||||||||
Intl | 1,779 | 1,873 | (5.0 | ) | 1.1 | (6.1 | ) | |||||||
WW | 4,428 | 4,512 | (1.9 | ) | 0.7 | (2.6 | ) | |||||||
HIPS | ||||||||||||||
US | 429 | 420 | 2.1 | 2.1 | — | |||||||||
Intl | 295 | 303 | (2.3 | ) | 4.2 | (6.5 | ) | |||||||
WW | 725 | 723 | 0.3 | 3.0 | (2.7 | ) | ||||||||
KNEES | ||||||||||||||
US | 441 | 457 | (3.5 | ) | (3.5 | ) | — | |||||||
Intl | 299 | 312 | (4.0 | ) | 1.9 | (5.9 | ) | |||||||
WW | 741 | 769 | (3.7 | ) | (1.3 | ) | (2.4 | ) | ||||||
TRAUMA | ||||||||||||||
US | 824 | 801 | 2.9 | 2.9 | — | |||||||||
Intl | 533 | 570 | (6.5 | ) | (0.5 | ) | (6.0 | ) | ||||||
WW | 1,357 | 1,371 | (1.0 | ) | 1.5 | (2.5 | ) | |||||||
SPINE & OTHER | ||||||||||||||
US | 955 | 961 | (0.6 | ) | (0.6 | ) | — | |||||||
Intl | 651 | 688 | (5.4 | ) | 0.6 | (6.0 | ) | |||||||
WW | 1,606 | 1,649 | (2.6 | ) | (0.1 | ) | (2.5 | ) | ||||||
See footnotes at end of schedule |
Johnson & Johnson | ||||||||||||||
Segment Sales | ||||||||||||||
(Dollars in Millions) | ||||||||||||||
SIX MONTHS | ||||||||||||||
% Change | ||||||||||||||
2019 | 2018 | Reported | Operational (1) | Currency | ||||||||||
MEDICAL DEVICES SEGMENT (2) (5) (Continued) | ||||||||||||||
SURGERY | ||||||||||||||
US | $ | 1,927 | 2,015 | (4.4 | )% | (4.4 | )% | — | % | |||||
Intl | 2,821 | 2,923 | (3.5 | ) | 3.0 | (6.5 | ) | |||||||
WW | 4,748 | 4,938 | (3.9 | ) | 0.0 | (3.9 | ) | |||||||
ADVANCED | ||||||||||||||
US | 800 | 795 | 0.6 | 0.6 | — | |||||||||
Intl | 1,209 | 1,176 | 2.8 | 9.5 | (6.7 | ) | ||||||||
WW | 2,009 | 1,971 | 1.9 | 5.9 | (4.0 | ) | ||||||||
GENERAL | ||||||||||||||
US | 868 | 859 | 1.0 | 1.0 | — | |||||||||
Intl | 1,339 | 1,437 | (6.8 | ) | (0.4 | ) | (6.4 | ) | ||||||
WW | 2,208 | 2,296 | (3.9 | ) | 0.1 | (4.0 | ) | |||||||
SPECIALTY | ||||||||||||||
US | 259 | 361 | (28.3 | ) | (28.3 | ) | — | |||||||
Intl | 273 | 310 | (12.1 | ) | (5.4 | ) | (6.7 | ) | ||||||
WW | 531 | 671 | (20.8 | ) | (17.8 | ) | (3.0 | ) | ||||||
VISION | ||||||||||||||
US | 907 | 899 | 1.0 | 1.0 | — | |||||||||
Intl | 1,383 | 1,389 | (0.5 | ) | 4.7 | (5.2 | ) | |||||||
WW | 2,290 | 2,288 | 0.1 | 3.2 | (3.1 | ) | ||||||||
CONTACT LENSES / OTHER | ||||||||||||||
US | 654 | 629 | 4.0 | 4.0 | — | |||||||||
Intl | 1,011 | 1,022 | (1.0 | ) | 4.4 | (5.4 | ) | |||||||
WW | 1,666 | 1,651 | 0.9 | 4.2 | (3.3 | ) | ||||||||
SURGICAL | ||||||||||||||
US | 253 | 270 | (6.1 | ) | (6.1 | ) | — | |||||||
Intl | 371 | 367 | 1.0 | 5.5 | (4.5 | ) | ||||||||
WW | 624 | 637 | (2.0 | ) | 0.6 | (2.6 | ) | |||||||
TOTAL MEDICAL DEVICES | ||||||||||||||
US | 6,192 | 6,426 | (3.6 | ) | (3.6 | ) | — | |||||||
Intl | 6,756 | 7,313 | (7.6 | ) | (1.6 | ) | (6.0 | ) | ||||||
WW | $ | 12,948 | 13,739 | (5.7 | )% | (2.6 | )% | (3.1 | )% | |||||
Note: Columns and rows within tables may not add due to rounding. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. | ||||||||||||||
* Percentage greater than 100% or not meaningful | ||||||||||||||
(1) Operational growth excludes the effect of translational currency | ||||||||||||||
(2) Unaudited | ||||||||||||||
(3) Reported as U.S. sales | ||||||||||||||
(4) Prior year amounts have been reclassified to conform to current year product disclosure | ||||||||||||||
(5) Reflects LifeScan divestiture October 2, 2018 |
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