Second Quarter 2024
Other Financial Disclosures
Table of Contents
Table 1: Sales by Segment | 1 |
Table 2: Sales by Geographic Area | 2 |
Table 3: Sales of Key Products/Franchises | 3 - 7 |
Table 3a: Supplemental Sales Reconciliation | 8 |
Table 4: Condensed Consolidated Statement of Earnings - QTD | 9 |
Table 5: Condensed Consolidated Statement of Earnings - YTD | 10 |
Table 6: Non-GAAP Adjusted Operational Sales Growth - QTD | 11 |
Table 7: Non-GAAP Adjusted Operational Sales Growth - YTD | 12 |
Table 8: Non-GAAP Adjusted Net Earnings | 13 |
Table 9: Non-GAAP IBT and R&D Expense by Segment - QTD | 14 |
Table 10: Non-GAAP IBT and R&D Expense by Segment - YTD | 15 |
Table 11: Non-GAAP P&L Reconciliation | 16 |
Johnson & Johnson and Subsidiaries
Supplementary Sales Data
(Unaudited; Dollars in Millions) | SECOND QUARTER | ||||||
Percent Change | |||||||
2024 | 2023 | Total | Operations | Currency | |||
Sales to customers by | |||||||
segment of business | |||||||
Innovative Medicine (1) | |||||||
U.S. | $ | 8,510 | 7,818 | 8.9 | % | 8.9 | - |
International | 5,980 | 5,913 | 1.1 | 6.4 | (5.3) | ||
14,490 | 13,731 | 5.5 | 7.8 | (2.3) | |||
Innovative Medicine excluding COVID-19 Vaccine (1) | |||||||
U.S. | 8,510 | 7,818 | 8.9 | 8.9 | - | ||
International | 5,808 | 5,628 | 3.2 | 8.7 | (5.5) | ||
14,318 | 13,446 | 6.5 | 8.8 | (2.3) | |||
MedTech | |||||||
U.S. | 4,059 | 3,839 | 5.7 | 5.7 | - | ||
International | 3,898 | 3,949 | (1.3) | 3.2 | (4.5) | ||
7,957 | 7,788 | 2.2 | 4.4 | (2.2) | |||
U.S. | 12,569 | 11,657 | 7.8 | 7.8 | - | ||
International | 9,878 | 9,862 | 0.2 | 5.1 | (4.9) | ||
Worldwide | 22,447 | 21,519 | 4.3 | 6.6 | (2.3) | ||
U.S. | 12,569 | 11,657 | 7.8 | 7.8 | - | ||
International | 9,706 | 9,577 | 1.3 | 6.4 | (5.1) | ||
Worldwide excluding COVID-19 Vaccine (1) | $ | 22,275 | 21,234 | 4.9 | % | 7.2 | (2.3) |
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
- Refer to supplemental sales information schedules
SIX MONTHS
Percent Change
2024 | 2023 | Total | Operations | Currency |
$ | 16,122 | 14,841 | 8.6 | % | 8.6 | - |
11,930 | 12,303 | (3.0) | 1.0 | (4.0) | ||
28,052 | 27,144 | 3.3 | 5.2 | (1.9) | ||
16,122 | 14,841 | 8.6 | 8.6 | - | ||
11,733 | 11,271 | 4.1 | 8.5 | (4.4) | ||
27,855 | 26,112 | 6.7 | 8.6 | (1.9) | ||
8,067 | 7,598 | 6.2 | 6.2 | - | ||
7,711 | 7,671 | 0.5 | 4.6 | (4.1) | ||
15,778 | 15,269 | 3.3 | 5.4 | (2.1) | ||
24,189 | 22,439 | 7.8 | 7.8 | - | ||
19,641 | 19,974 | (1.7) | 2.4 | (4.1) | ||
43,830 | 42,413 | 3.3 | 5.2 | (1.9) | ||
24,189 | 22,439 | 7.8 | 7.8 | - | ||
19,444 | 18,942 | 2.7 | 6.9 | (4.2) | ||
$ | 43,633 | 41,381 | 5.4 | % | 7.4 | (2.0) |
Johnson & Johnson and Subsidiaries
Supplementary Sales Data
(Unaudited; Dollars in Millions) | SECOND QUARTER | ||||||
Percent Change | |||||||
2024 | 2023 | Total | Operations | Currency | |||
Sales to customers by | |||||||
geographic area | |||||||
U.S. | $ | 12,569 | 11,657 | 7.8 | % | 7.8 | - |
Europe | 5,214 | 5,131 | 1.6 | 3.4 | (1.8) | ||
Western Hemisphere excluding U.S. | 1,212 | 1,136 | 6.7 | 22.6 | (15.9) | ||
Asia-Pacific, Africa | 3,452 | 3,595 | (4.0) | 1.9 | (5.9) | ||
International | 9,878 | 9,862 | 0.2 | 5.1 | (4.9) | ||
Worldwide | $ | 22,447 | 21,519 | 4.3 | % | 6.6 | (2.3) |
Johnson & Johnson and Subsidiaries
Supplementary Sales Data
(Unaudited; Dollars in Millions) | SECOND QUARTER | ||||||
Percent Change | |||||||
2024 | 2023 | Total | Operations | Currency | |||
Sales to customers by | |||||||
geographic area (ex. COVID-19 Vaccine) | |||||||
U.S.* | $ | 12,569 | 11,657 | 7.8 | % | 7.8 | - |
Europe(1) | 5,042 | 4,846 | 4.1 | 6.0 | (1.9) | ||
Western Hemisphere excluding U.S.* | 1,212 | 1,136 | 6.7 | 22.6 | (15.9) | ||
Asia-Pacific, Africa* | 3,452 | 3,595 | (4.0) | 1.9 | (5.9) | ||
International | 9,706 | 9,577 | 1.3 | 6.4 | (5.1) | ||
Worldwide | $ | 22,275 | 21,234 | 4.9 | % | 7.2 | (2.3) |
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
- Refer to supplemental sales information schedules *No COVID-19 Vaccine sales
SIX MONTHS
Percent Change | ||||||
2024 | 2023 | Total | Operations | Currency | ||
$ | 24,189 | 22,439 | 7.8 | % | 7.8 | - |
10,377 | 10,721 | (3.2) | (2.4) | (0.8) | ||
2,406 | 2,212 | 8.8 | 21.9 | (13.1) | ||
6,858 | 7,041 | (2.6) | 3.4 | (6.0) | ||
19,641 | 19,974 | (1.7) | 2.4 | (4.1) | ||
$ | 43,830 | 42,413 | 3.3 | % | 5.2 | (1.9) |
SIX MONTHS
Percent Change | ||||||
2024 | 2023 | Total | Operations | Currency | ||
$ | 24,189 | 22,439 | 7.8 | % | 7.8 | - |
10,180 | 9,689 | 5.1 | 6.0 | (0.9) | ||
2,406 | 2,212 | 8.8 | 21.9 | (13.1) | ||
6,858 | 7,041 | (2.6) | 3.4 | (6.0) | ||
19,444 | 18,942 | 2.7 | 6.9 | (4.2) | ||
$ | 43,633 | 41,381 | 5.4 | % | 7.4 | (2.0) |
INNOVATIVE MEDICINE SEGMENT (2)
IMMUNOLOGY
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REMICADE
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US Exports (3)
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SIMPONI / SIMPONI ARIA
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STELARA
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TREMFYA
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OTHER IMMUNOLOGY
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INFECTIOUS DISEASES
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COVID-19 VACCINE
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EDURANT / rilpivirine
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PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZAUS
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OTHER INFECTIOUS DISEASES
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REPORTED SALES vs. PRIOR PERIOD ($MM)
SECOND QUARTER | ||||||||
% Change | ||||||||
2024 | 2023 | Reported | Operational (1) | Currency | ||||
$ | 2,978 | 2,865 | 4.0% | 4.0% | - | |||
1,744 | 1,631 | 6.9% | 13.2% | -6.3% | ||||
4,722 | 4,496 | 5.0% | 7.3% | -2.3% | ||||
231 | 277 | -16.7% | -16.7% | - | ||||
35 | 33 | 7.9% | 7.9% | - | ||||
127 | 152 | -16.6% | -12.0% | -4.6% | ||||
393 | 462 | -14.9% | -13.4% | -1.5% | ||||
267 | 285 | -6.3% | -6.3% | - | ||||
270 | 244 | 10.9% | 22.8% | -11.9% | ||||
537 | 529 | 1.6% | 7.1% | -5.5% | ||||
1,855 | 1,817 | 2.1% | 2.1% | - | ||||
1,030 | 981 | 5.0% | 10.1% | -5.1% | ||||
2,885 | 2,797 | 3.1% | 4.9% | -1.8% | ||||
589 | 450 | 30.8% | 30.8% | - | ||||
317 | 255 | 23.9% | 30.5% | -6.6% | ||||
906 | 706 | 28.3% | 30.7% | -2.4% | ||||
2 | 4 | -51.5% | -51.5% | - | ||||
0 | 0 | - | - | - | ||||
2 | 4 | -51.5% | -51.5% | - | ||||
334 | 395 | -15.4% | -15.4% | - | ||||
631 | 727 | -13.1% | -11.6% | -1.5% | ||||
965 | 1,121 | -13.9% | -12.9% | -1.0% | ||||
0 | 0 | - | - | - | ||||
172 | 285 | -39.7% | -39.7% | 0.0% | ||||
172 | 285 | -39.7% | -39.7% | 0.0% | ||||
8 | 8 | -2.8% | -2.8% | - | ||||
288 | 258 | 11.5% | 13.0% | -1.5% | ||||
297 | 266 | 11.0% | 12.5% | -1.5% | ||||
321 | 382 | -16.0% | -16.0% | - | ||||
117 | 109 | 6.5% | 9.9% | -3.4% | ||||
438 | 491 | -11.0% | -10.3% | -0.7% | ||||
5 | 5 | 18.5% | 18.5% | - | ||||
55 | 74 | -25.6% | -21.1% | -4.5% | ||||
61 | 79 | -23.1% | -18.8% | -4.3% | ||||
REPORTED SALES vs. PRIOR PERIOD ($MM)
SIX MONTHS | ||||||||
% Change | ||||||||
2024 | 2023 | Reported | Operational (1) | Currency | ||||
$ | 5,431 | 5,313 | 2.2% | 2.2% | - | |||
3,538 | 3,295 | 7.4% | 12.1% | -4.7% | ||||
8,969 | 8,608 | 4.2% | 6.0% | -1.8% | ||||
497 | 553 | -10.1% | -10.1% | - | ||||
62 | 74 | -15.4% | -15.4% | - | ||||
268 | 322 | -16.9% | -13.2% | -3.7% | ||||
827 | 949 | -12.9% | -11.6% | -1.3% | ||||
521 | 556 | -6.2% | -6.2% | - | ||||
569 | 510 | 11.7% | 21.3% | -9.6% | ||||
1,091 | 1,066 | 2.3% | 7.0% | -4.7% | ||||
3,251 | 3,268 | -0.5% | -0.5% | - | ||||
2,085 | 1,974 | 5.6% | 9.1% | -3.5% | ||||
5,336 | 5,241 | 1.8% | 3.1% | -1.3% | ||||
1,098 | 856 | 28.2% | 28.2% | - | ||||
616 | 489 | 25.8% | 31.0% | -5.2% | ||||
1,714 | 1,346 | 27.3% | 29.2% | -1.9% | ||||
2 | 7 | -75.4% | -75.4% | - | ||||
0 | 0 | - | - | - | ||||
2 | 7 | -75.4% | -75.4% | - | ||||
658 | 787 | -16.4% | -16.4% | - | ||||
1,128 | 1,920 | -41.3% | -40.7% | -0.6% | ||||
1,786 | 2,707 | -34.0% | -33.7% | -0.3% | ||||
0 | 0 | - | - | - | ||||
197 | 1,032 | -80.9% | -80.9% | 0.0% | ||||
197 | 1,032 | -80.9% | -80.9% | 0.0% | ||||
16 | 17 | -7.0% | -7.0% | - | ||||
603 | 529 | 14.1% | 14.4% | -0.3% | ||||
620 | 546 | 13.4% | 13.7% | -0.3% | ||||
635 | 760 | -16.5% | -16.5% | - | ||||
221 | 208 | 6.0% | 7.8% | -1.8% | ||||
856 | 968 | -11.6% | -11.2% | -0.4% | ||||
7 | 10 | -29.4% | -29.4% | - | ||||
107 | 151 | -29.3% | -26.0% | -3.3% | ||||
114 | 161 | -29.3% | -26.2% | -3.1% | ||||
NEUROSCIENCE
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CONCERTA / Methylphenidate
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INVEGA SUSTENNA / XEPLION / INVEGA TRINZA / TREVICTAUS
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SPRAVATO
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OTHER NEUROSCIENCE
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ONCOLOGY
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CARVYKTI
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DARZALEX
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ERLEADA
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IMBRUVICA
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TECVAYLI
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ZYTIGA / abiraterone acetate
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OTHER ONCOLOGY
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REPORTED SALES vs. PRIOR PERIOD ($MM)
SECOND QUARTER | |||||||
% Change | |||||||
2024 | 2023 | Reported | Operational (1) | Currency | |||
1,102 | 1,029 | 7.1% | 7.1% | - | |||
679 | 764 | -11.1% | -6.0% | -5.1% | |||
1,782 | 1,793 | -0.6% | 1.5% | -2.1% | |||
34 | 64 | -47.7% | -47.7% | - | |||
129 | 143 | -9.8% | -4.6% | -5.2% | |||
163 | 208 | -21.5% | -17.9% | -3.6% | |||
784 | 721 | 8.8% | 8.8% | - | |||
269 | 310 | -13.1% | -9.0% | -4.1% | |||
1,054 | 1,031 | 2.2% | 3.5% | -1.3% | |||
226 | 144 | 57.9% | 57.9% | - | |||
44 | 25 | 73.5% | 77.4% | -3.9% | |||
271 | 169 | 60.2% | 60.8% | -0.6% | |||
57 | 100 | -42.5% | -42.5% | - | |||
237 | 286 | -17.0% | -10.8% | -6.2% | |||
294 | 386 | -23.7% | -19.1% | -4.6% | |||
2,636 | 2,069 | 27.4% | 27.4% | - | |||
2,455 | 2,329 | 5.4% | 10.8% | -5.4% | |||
5,090 | 4,398 | 15.7% | 18.6% | -2.9% | |||
167 | 114 | 46.5% | 46.5% | - | |||
20 | 3 | * | * | * | |||
186 | 117 | 59.8% | 59.9% | -0.1% | |||
1,641 | 1,322 | 24.2% | 24.2% | - | |||
1,237 | 1,110 | 11.5% | 17.9% | -6.4% | |||
2,878 | 2,431 | 18.4% | 21.3% | -2.9% | |||
318 | 241 | 32.2% | 32.2% | - | |||
418 | 326 | 28.0% | 32.8% | -4.8% | |||
736 | 567 | 29.8% | 32.5% | -2.7% | |||
246 | 262 | -6.4% | -6.4% | - | |||
525 | 579 | -9.4% | -5.6% | -3.8% | |||
770 | 841 | -8.5% | -5.9% | -2.6% | |||
104 | 82 | 27.5% | 27.5% | - | |||
30 | 12 | * | * | * | |||
135 | 94 | 42.9% | 43.5% | -0.6% | |||
11 | 9 | 21.6% | 21.6% | - | |||
154 | 218 | -29.6% | -23.6% | -6.0% | |||
165 | 227 | -27.7% | -21.9% | -5.8% | |||
148 | 40 | * | * | - | |||
71 | 80 | -10.4% | -6.0% | -4.4% | |||
221 | 120 | 84.2% | 87.2% | -3.0% |
REPORTED SALES vs. PRIOR PERIOD ($MM)
SIX MONTHS | |||||||
% Change | |||||||
2024 | 2023 | Reported | Operational (1) | Currency | |||
2,156 | 2,007 | 7.4% | 7.4% | - | |||
1,428 | 1,590 | -10.2% | -5.2% | -5.0% | |||
3,585 | 3,597 | -0.3% | 1.9% | -2.2% | |||
75 | 134 | -44.3% | -44.3% | - | |||
265 | 279 | -5.1% | -0.2% | -4.9% | |||
340 | 414 | -17.8% | -14.5% | -3.3% | |||
1,549 | 1,434 | 8.0% | 8.0% | - | |||
561 | 641 | -12.4% | -8.8% | -3.6% | |||
2,110 | 2,075 | 1.7% | 2.8% | -1.1% | |||
417 | 255 | 63.9% | 63.9% | - | |||
78 | 45 | 74.6% | 76.3% | -1.7% | |||
496 | 300 | 65.5% | 65.7% | -0.2% | |||
115 | 184 | -37.3% | -37.3% | - | |||
524 | 625 | -16.2% | -9.5% | -6.7% | |||
639 | 809 | -21.0% | -15.8% | -5.2% | |||
5,019 | 3,958 | 26.8% | 26.8% | - | |||
4,885 | 4,552 | 7.3% | 11.7% | -4.4% | |||
9,904 | 8,510 | 16.4% | 18.7% | -2.3% | |||
307 | 184 | 66.8% | 66.8% | - | |||
36 | 5 | * | * | * | |||
343 | 189 | 81.5% | 81.5% | 0.0% | |||
3,105 | 2,513 | 23.6% | 23.6% | - | |||
2,465 | 2,182 | 12.9% | 18.4% | -5.5% | |||
5,570 | 4,695 | 18.6% | 21.2% | -2.6% | |||
603 | 490 | 23.0% | 23.0% | - | |||
822 | 619 | 32.8% | 36.5% | -3.7% | |||
1,425 | 1,109 | 28.4% | 30.5% | -2.1% | |||
511 | 532 | -3.9% | -3.9% | - | |||
1,043 | 1,136 | -8.3% | -5.6% | -2.7% | |||
1,554 | 1,668 | -6.9% | -5.1% | -1.8% | |||
205 | 139 | 47.7% | 47.7% | - | |||
63 | 18 | * | * | * | |||
268 | 157 | 70.2% | 70.2% | 0.0% | |||
20 | 25 | -19.7% | -19.7% | - | |||
326 | 447 | -27.2% | -22.1% | -5.1% | |||
346 | 472 | -26.8% | -22.0% | -4.8% | |||
267 | 75 | * | * | - | |||
131 | 144 | -8.5% | -5.8% | -2.7% | |||
399 | 219 | 82.4% | 84.2% | -1.8% | |||
PULMONARY HYPERTENSION
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OPSUMIT
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UPTRAVI
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OTHER PULMONARY HYPERTENSIONUS
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CARDIOVASCULAR / METABOLISM / OTHERUS
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XARELTO
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OTHER
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TOTAL INNOVATIVE MEDICINE
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See footnotes at end of schedule
REPORTED SALES vs. PRIOR PERIOD ($MM)
SECOND QUARTER | ||||||||
% Change | ||||||||
2024 | 2023 | Reported | Operational (1) | Currency | ||||
743 | 684 | 8.7% | 8.7% | - | ||||
296 | 289 | 2.6% | 11.2% | -8.6% | ||||
1,039 | 972 | 6.9% | 9.4% | -2.5% | ||||
373 | 328 | 13.7% | 13.7% | - | ||||
170 | 179 | -5.0% | 0.5% | -5.5% | ||||
544 | 507 | 7.1% | 9.1% | -2.0% | ||||
349 | 338 | 3.3% | 3.3% | - | ||||
76 | 61 | 24.6% | 34.4% | -9.8% | ||||
426 | 399 | 6.6% | 8.1% | -1.5% | ||||
20 | 18 | 18.8% | 18.8% | - | ||||
50 | 48 | 3.1% | 21.0% | -17.9% | ||||
71 | 66 | 7.2% | 20.4% | -13.2% | ||||
717 | 776 | -7.7% | -7.7% | - | ||||
176 | 174 | 0.6% | 4.0% | -3.4% | ||||
892 | 950 | -6.2% | -5.5% | -0.7% | ||||
587 | 637 | -7.9% | -7.9% | - | ||||
- | - | - | - | - | ||||
587 | 637 | -7.9% | -7.9% | - | ||||
129 | 138 | -6.4% | -6.4% | - | ||||
176 | 174 | 0.6% | 4.0% | -3.4% | ||||
305 | 313 | -2.5% | -0.6% | -1.9% | ||||
8,510 | 7,818 | 8.9% | 8.9% | - | ||||
5,980 | 5,913 | 1.1% | 6.4% | -5.3% | ||||
$ | 14,490 | 13,731 | 5.5% | 7.8% | -2.3% | |||
REPORTED SALES vs. PRIOR PERIOD ($MM)
SIX MONTHS | ||||||||
% Change | ||||||||
2024 | 2023 | Reported | Operational (1) | Currency | ||||
1,509 | 1,284 | 17.5% | 17.5% | - | ||||
579 | 561 | 3.4% | 11.0% | -7.6% | ||||
2,088 | 1,844 | 13.2% | 15.5% | -2.3% | ||||
729 | 601 | 21.3% | 21.3% | - | ||||
339 | 346 | -2.2% | 2.5% | -4.7% | ||||
1,068 | 947 | 12.7% | 14.4% | -1.7% | ||||
741 | 642 | 15.5% | 15.5% | - | ||||
152 | 119 | 27.6% | 36.4% | -8.8% | ||||
894 | 761 | 17.4% | 18.7% | -1.3% | ||||
38 | 41 | -6.1% | -6.1% | - | ||||
89 | 95 | -6.7% | 10.2% | -16.9% | ||||
127 | 136 | -6.5% | 5.3% | -11.8% | ||||
1,348 | 1,491 | -9.6% | -9.6% | - | ||||
373 | 386 | -3.6% | -1.9% | -1.7% | ||||
1,721 | 1,877 | -8.3% | -8.0% | -0.3% | ||||
1,105 | 1,215 | -9.1% | -9.1% | - | ||||
- | - | - | - | - | ||||
1,105 | 1,215 | -9.1% | -9.1% | - | ||||
243 | 275 | -11.8% | -11.8% | - | ||||
373 | 386 | -3.6% | -1.9% | -1.7% | ||||
616 | 662 | -7.0% | -6.0% | -1.0% | ||||
16,122 | 14,841 | 8.6% | 8.6% | - | ||||
11,930 | 12,303 | -3.0% | 1.0% | -4.0% | ||||
$ | 28,052 | 27,144 | 3.3% | 5.2% | -1.9% | |||
MEDTECH SEGMENT (2)
CARDIOVASCULAR (4)
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WW ELECTROPHYSIOLOGYUS
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ABIOMED
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SHOCKWAVE (5)
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OTHER CARDIOVASCULAR (4)US
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ORTHOPAEDICS
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HIPS
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KNEES
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TRAUMA
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SPINE, SPORTS & OTHERUS
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REPORTED SALES vs. PRIOR PERIOD ($MM)
SECOND QUARTER
% Change | |||||||
2024 | 2023 | Reported | Operational (1) | Currency | |||
$ | 1,119 | 908 | 23.3% | 23.3% | - | ||
753 | 712 | 5.7% | 11.2% | -5.5% | |||
1,873 | 1,620 | 15.6% | 18.0% | -2.4% | |||
705 | 609 | 15.7% | 15.7% | - | |||
618 | 587 | 5.4% | 11.1% | -5.7% | |||
1,323 | 1,196 | 10.6% | 13.4% | -2.8% | |||
309 | 272 | 13.2% | 13.2% | - | |||
72 | 59 | 20.7% | 25.3% | -4.6% | |||
379 | 331 | 14.5% | 15.4% | -0.9% | |||
77 | - | * | * | - | |||
0 | - | - | - | - | |||
77 | - | * | * | - | |||
29 | 27 | 12.5% | 12.5% | - | |||
64 | 67 | -4.5% | -1.0% | -3.5% | |||
93 | 93 | 0.3% | 2.8% | -2.5% | |||
1,422 | 1,388 | 2.5% | 2.5% | - | |||
890 | 878 | 1.4% | 4.5% | -3.1% | |||
2,312 | 2,265 | 2.1% | 3.3% | -1.2% | |||
265 | 250 | 5.8% | 5.8% | - | |||
152 | 147 | 3.4% | 6.8% | -3.4% | |||
417 | 397 | 4.9% | 6.2% | -1.3% | |||
230 | 221 | 4.2% | 4.2% | - | |||
163 | 142 | 14.9% | 17.7% | -2.8% | |||
394 | 363 | 8.4% | 9.5% | -1.1% | |||
498 | 483 | 3.0% | 3.0% | - | |||
260 | 255 | 2.4% | 5.5% | -3.1% | |||
759 | 739 | 2.8% | 3.8% | -1.0% | |||
430 | 433 | -0.8% | -0.8% | - | |||
314 | 334 | -6.1% | -2.9% | -3.2% | |||
743 | 766 | -3.1% | -1.7% | -1.4% |
REPORTED SALES vs. PRIOR PERIOD ($MM)
SIX MONTHS
% Change | |||||||
2024 | 2023 | Reported | Operational (1) | Currency | |||
$ | 2,144 | 1,771 | 21.1% | 21.1% | - | ||
1,534 | 1,352 | 13.4% | 18.9% | -5.5% | |||
3,679 | 3,123 | 17.8% | 20.2% | -2.4% | |||
1,397 | 1,180 | 18.4% | 18.4% | - | |||
1,270 | 1,109 | 14.6% | 20.4% | -5.8% | |||
2,667 | 2,288 | 16.5% | 19.4% | -2.9% | |||
612 | 536 | 14.1% | 14.1% | - | |||
139 | 119 | 16.5% | 20.0% | -3.5% | |||
750 | 655 | 14.5% | 15.2% | -0.7% | |||
77 | - | * | * | - | |||
0 | - | - | - | - | |||
77 | - | * | * | - | |||
59 | 55 | 7.7% | 7.7% | - | |||
126 | 125 | 0.8% | 4.8% | -4.0% | |||
185 | 180 | 2.9% | 5.7% | -2.8% | |||
2,870 | 2,751 | 4.3% | 4.3% | - | |||
1,782 | 1,759 | 1.3% | 3.6% | -2.3% | |||
4,652 | 4,510 | 3.2% | 4.0% | -0.8% | |||
535 | 491 | 8.9% | 8.9% | - | |||
304 | 296 | 2.6% | 5.0% | -2.4% | |||
839 | 787 | 6.5% | 7.4% | -0.9% | |||
472 | 447 | 5.5% | 5.5% | - | |||
323 | 284 | 13.6% | 15.4% | -1.8% | |||
795 | 731 | 8.7% | 9.4% | -0.7% | |||
1,002 | 974 | 2.9% | 2.9% | - | |||
521 | 522 | 0.0% | 2.1% | -2.1% | |||
1,524 | 1,496 | 1.9% | 2.6% | -0.7% | |||
862 | 839 | 2.7% | 2.7% | - | |||
634 | 657 | -3.5% | -1.0% | -2.5% | |||
1,495 | 1,495 | 0.0% | 1.1% | -1.1% |
SURGERY
US
Intl
WW
ADVANCED
US
Intl
WW
GENERAL
US
Intl
WW
VISION
US
Intl
WW
CONTACT LENSES / OTHERUS
Intl
WW
SURGICAL
US
Intl
WW
TOTAL MEDTECH
US
Intl
WW
REPORTED SALES vs. PRIOR PERIOD ($MM)
SECOND QUARTER | |||||||||
% Change | |||||||||
2024 | 2023 | Reported | Operational (1) | Currency | |||||
995 | 1,015 | -2.0% | -2.0% | - | |||||
1,493 | 1,580 | -5.5% | -0.7% | -4.8% | |||||
2,488 | 2,594 | -4.1% | -1.2% | -2.9% | |||||
466 | 466 | 0.1% | 0.1% | - | |||||
675 | 757 | -10.8% | -6.4% | -4.4% | |||||
1,141 | 1,222 | -6.7% | -3.9% | -2.8% | |||||
528 | 548 | -3.7% | -3.7% | - | |||||
818 | 823 | -0.7% | 4.5% | -5.2% | |||||
1,346 | 1,372 | -1.9% | 1.2% | -3.1% | |||||
523 | 529 | -1.2% | -1.2% | - | |||||
763 | 778 | -2.0% | 2.2% | -4.2% | |||||
1,285 | 1,308 | -1.7% | 0.8% | -2.5% | |||||
409 | 409 | 0.2% | 0.2% | - | |||||
509 | 530 | -4.0% | 1.2% | -5.2% | |||||
918 | 939 | -2.2% | 0.7% | -2.9% | |||||
113 | 120 | -5.8% | -5.8% | - | |||||
254 | 249 | 2.1% | 4.5% | -2.4% | |||||
367 | 369 | -0.5% | 1.2% | -1.7% | |||||
4,059 | 3,839 | 5.7% | 5.7% | - | |||||
3,898 | 3,949 | -1.3% | 3.2% | -4.5% | |||||
$ | 7,957 | $ | 7,788 | 2.2% | 4.4% | -2.2% | |||
REPORTED SALES vs. PRIOR PERIOD ($MM)
SIX MONTHS | ||||||||
% Change | ||||||||
2024 | 2023 | Reported | Operational (1) | Currency | ||||
1,982 | 1,990 | -0.4% | -0.4% | - | ||||
2,922 | 3,039 | -3.8% | 0.7% | -4.5% | ||||
4,904 | 5,028 | -2.5% | 0.3% | -2.8% | ||||
912 | 910 | 0.2% | 0.2% | - | ||||
1,316 | 1,430 | -8.0% | -3.7% | -4.3% | ||||
2,228 | 2,340 | -4.8% | -2.2% | -2.6% | ||||
1,070 | 1,079 | -0.9% | -0.9% | - | ||||
1,606 | 1,608 | -0.2% | 4.7% | -4.9% | ||||
2,676 | 2,688 | -0.5% | 2.4% | -2.9% | ||||
1,070 | 1,087 | -1.5% | -1.5% | - | ||||
1,473 | 1,521 | -3.2% | 0.6% | -3.8% | ||||
2,543 | 2,608 | -2.5% | -0.3% | -2.2% | ||||
847 | 853 | -0.6% | -0.6% | - | ||||
981 | 1,039 | -5.6% | -0.9% | -4.7% | ||||
1,828 | 1,892 | -3.4% | -0.8% | -2.6% | ||||
223 | 234 | -4.8% | -4.8% | - | ||||
492 | 482 | 2.1% | 4.0% | -1.9% | ||||
715 | 716 | -0.1% | 1.1% | -1.2% | ||||
8,067 | 7,598 | 6.2% | 6.2% | - | ||||
7,711 | 7,671 | 0.5% | 4.6% | -4.1% | ||||
$ | 15,778 | 15,269 | 3.3% | 5.4% | -2.1% | |||
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
- Operational growth excludes the effect of translational currency
- Unaudited
- Reported as U.S. sales
- Previously referred to as Interventional Solutions
- Acquired on May 31, 2024
Supplemental Sales Information (Unaudited)
(Dollars in Millions)
SECOND QUARTER | |||||||
Percent Change | |||||||
2024 | 2023 | Total | Operations | Currency | |||
Innovative Medicine | |||||||
U.S. | $ | 8,510 | 7,818 | 8.9 | % | 8.9 | - |
International | 5,980 | 5,913 | 1.1 | 6.4 | (5.3) | ||
Worldwide | 14,490 | 13,731 | 5.5 | 7.8 | (2.3) | ||
COVID-19 Vaccine | |||||||
U.S. | - | - | - | - | - | ||
International | 172 | 285 | (39.7) | (39.7) | 0.0 | ||
Worldwide | 172 | 285 | (39.7) | (39.7) | 0.0 | ||
Innovative Medicine excluding COVID-19 Vaccine | |||||||
U.S. | 8,510 | 7,818 | 8.9 | 8.9 | - | ||
International | 5,808 | 5,628 | 3.2 | 8.7 | (5.5) | ||
Worldwide | 14,318 | 13,446 | 6.5 | 8.8 | (2.3) | ||
Worldwide | |||||||
U.S. | 12,569 | 11,657 | 7.8 | 7.8 | - | ||
International | 9,878 | 9,862 | 0.2 | 5.1 | (4.9) | ||
Worldwide | 22,447 | 21,519 | 4.3 | 6.6 | (2.3) | ||
COVID-19 Vaccine | |||||||
U.S. | - | - | - | - | - | ||
International | 172 | 285 | (39.7) | (39.7) | 0.0 | ||
Worldwide | 172 | 285 | (39.7) | (39.7) | 0.0 | ||
Worldwide | |||||||
U.S. | 12,569 | 11,657 | 7.8 | 7.8 | - | ||
International | 9,706 | 9,577 | 1.3 | 6.4 | (5.1) | ||
Worldwide excluding COVID-19 Vaccine | $ | 22,275 | 21,234 | 4.9 | % | 7.2 | (2.3) |
SIX MONTHS
Percent Change | ||||||
2024 | 2023 | Total | Operations | Currency | ||
$ | 16,122 | 14,841 | 8.6 | % | 8.6 | - |
11,930 | 12,303 | (3.0) | 1.0 | (4.0) | ||
28,052 | 27,144 | 3.3 | 5.2 | (1.9) | ||
- | - | - | - | - | ||
197 | 1,032 | (80.9) | (80.9) | 0.0 | ||
197 | 1,032 | (80.9) | (80.9) | 0.0 | ||
16,122 | 14,841 | 8.6 | 8.6 | - | ||
11,733 | 11,271 | 4.1 | 8.5 | (4.4) | ||
27,855 | 26,112 | 6.7 | 8.6 | (1.9) | ||
24,189 | 22,439 | 7.8 | 7.8 | - | ||
19,641 | 19,974 | (1.7) | 2.4 | (4.1) | ||
43,830 | 42,413 | 3.3 | 5.2 | (1.9) | ||
- | - | - | - | - | ||
197 | 1,032 | (80.9) | (80.9) | 0.0 | ||
197 | 1,032 | (80.9) | (80.9) | 0.0 | ||
24,189 | 22,439 | 7.8 | 7.8 | - | ||
19,444 | 18,942 | 2.7 | 6.9 | (4.2) | ||
$ | 43,633 | 41,381 | 5.4 | % | 7.4 | (2.0) |
Europe | $ | 5,214 | 5,131 | 1.6 | % | 3.4 | (1.8) | $ | 10,377 | 10,721 | (3.2) | % | (2.4) | (0.8) | |
Europe COVID-19 Vaccine Sales | 172 | 285 | (39.7) | (39.7) | 0.0 | 197 | 1,032 | (80.9) | (80.9) | 0.0 | |||||
Europe excluding COVID-19 Vaccine Sales | $ | 5,042 | 4,846 | 4.1 | % | 6.0 | (1.9) | $ | 10,180 | 9,689 | 5.1 | % | 6.0 | (0.9) | |
Johnson & Johnson and Subsidiaries
Condensed Consolidated Statement of Earnings
(Unaudited; in Millions Except Per Share Figures) | SECOND QUARTER | |||||||
2024 | 2023 | Percent | ||||||
Percent | Percent | Increase | ||||||
Amount | to Sales | Amount | to Sales | (Decrease) | ||||
Sales to customers | $ | 22,447 | 100.0 | $ | 21,519 | 100.0 | 4.3 | |
Cost of products sold | 6,869 | 30.6 | 6,462 | 30.0 | 6.3 | |||
Gross Profit | 15,578 | 69.4 | 15,057 | 70.0 | 3.5 | |||
Selling, marketing and administrative expenses | 5,681 | 25.3 | 5,396 | 25.1 | 5.3 | |||
Research and development expense | 3,440 | 15.3 | 3,703 | 17.2 | (7.1) | |||
In-process research and development impairments | 194 | 0.9 | - | 0.0 | ||||
Interest (income) expense, net | (125) | (0.6) | (109) | (0.5) | ||||
Other (income) expense, net | 653 | 2.9 | (384) | (1.8) | ||||
Restructuring | (13) | 0.0 | 145 | 0.7 | ||||
Earnings before provision for taxes on income | 5,748 | 25.6 | 6,306 | 29.3 | (8.8) | |||
Provision for taxes on income | 1,062 | 4.7 | 930 | 4.3 | 14.2 | |||
Net earnings from Continuing Operations | $ | 4,686 | 20.9 | $ | 5,376 | 25.0 | (12.8) | |
Net earnings/(loss) from Discontinued Operations, net of tax | - | (232) | ||||||
Net earnings | $ | 4,686 | $ | 5,144 | ||||
Net earnings per share (Diluted) from Continuing Operations | $ | 1.93 | $ | 2.05 | (5.9) | |||
Net earnings/(loss) per share (Diluted) from Discontinued Operations | $ | - | $ | (0.09) | ||||
Average shares outstanding (Diluted) | 2,422.0 | 2,625.7 | ||||||
Effective tax rate from Continuing Operations | 18.5 % | 14.7 % | ||||||
Adjusted earnings from Continuing Operations before provision for taxes and net earnings (1) | ||||||||
Earnings before provision for taxes on income from Continuing Operations | $ | 8,404 | 37.4 | $ | 8,005 | 37.2 | 5.0 | |
Net earnings from Continuing Operations | $ | 6,840 | 30.5 | $ | 6,730 | 31.3 | 1.6 | |
Net earnings per share (Diluted) from Continuing Operations | $ | 2.82 | $ | 2.56 | 10.2 | |||
Effective tax rate from Continuing Operations | 18.6 % | 15.9 % |
(1) See Reconciliation of Non-GAAP Financial Measures.
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Johnson & Johnson published this content on 17 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2024 10:29:08 UTC.