balance sheet, cash flow sheet, invome sheet are included

Cash flows from operating activities Net earnings Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property and intangibles Stock based compensation Asset write downs Contingent consideration reversal Net gain on sale of assets/businesses Deferred tax provision Credit losses and accounts receivable allowances Changes in assets and liabilities, net of effects from acquisitions and divestitures: Decrease (Increase) in accounts receivable Increase in inventories JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS: (Dollars in Millions) (Note 1) Increase in accounts payable and accrued abilities Increase in other current and non current sets Increase (Decrease) in other current and non-current liabilities Net cash flows from operating activities Cash flows from investing activities Additions to property, plant and equipment Proceeds from the disposal of assets/businesses, net Acquisitions, net of cash acquired (Note 18) Purchases of investments Sales of investments Credit support agreements activity, net Other (primarily licenses and milestones) Net cash used by investing activities Cash flows from financing activities Dividends to shareholders Repurchase of common stock Proceeds from short-term debt Repayment of short-term debt Proceeds from long-term debt, net of issuance costs Repayment of long-term delit Proceeds from the exercise of stock options/employee withholding tax on stock awards, net Credit support agreements activity, net Other Net cash used by financing activities Effect of exchange rate changes on cash and cash equivalents (Decreasey/Increase in cash and cash equivalents Cash and cash equivalents, beginning of year (Note 1) Cash and cash equivalents, end of year (Note 1) Supplemental cash flow data Cash paid during the year for: Interest Interest, net of amount capitalized Income taxes S 2020 14,714 7,231 1,005 233 (1,148) (111) (1,141) 63 774 (265) 5,141 (3,704) 744 23,536 (3,347) 305 (7,323) (21,009) 12,137 (987) (521) (20,825) (10,481) (3,221) 3,391 (2,663) 7,431 (1,064) 1,114 (333) (294) (6,120) 89 (3,320) 17,305 13,985 904 841 4,619 2019 15,119 7,009 977 1,096 (2,154) (2,476) (20) (289) (277) 4,060 (1,054) 1,425 23,416 (3,498) 3,265 (5,810) (3,920) 3,387 338 44 (6,194) (9,917) (6,746) 39 (100) 3 (2,823) 954 100 475 (18,015) (9) (802) 18,107 17,305 995 925 4,191 2018 15,297 6,929 978 1,258 (1,217) (1,016) (31) (1,185) (644) 3,951 (275) (1844) 22,201 (3,670) 3,203 (899) (5,626) 4,209 (464) (3,167) (9,494) (5,068) 80 (2,479) 5 (1,555) 949 25 (173) (18,510) (241) 283 17,824 18,107 1,049 963 4,570 Balance, December 31, 2017. Cumulative adjustment Net earnings Cash dividends paid ($3.54 per share) Employee compensation and stock option plans Repurchase of common stock Other Other comprehensive income (loss), net of tax Balance, December 30, 2018 Net earnings Cash dividends paid ($3.75 per share) Employee compensation and stock option plans Repurchase of common stock Other Other comprehensive income (loss), net of tax Balance, December 29, 2019 Net earnings Cash dividends paid ($3.98 per share) Employee compensation and stock option plans Repurchase of common stock Other Other comprehensive income (loss), net of tax Balance, January 3, 2021 JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (Dollars in Millions) (Note 1) S S Total 60,160 (486) 15,297 (9,494) 1,949 (5,868) (15) (1.791) 59,752 15,119 (9,917) 1,933 (6,746) (1) (669) 59,471 14,714 (10,481) 2,217 (3,221) (71) 649 63,278 Retained Earnings 101,793 (254) 15,297 (9,49-4) (1,111) (15) 106,216 15,119 (9,917) (758) (1) 110,659 14,714 (10,481) (931) (71) 113,890 Accumulated Other Comprehensive Income (Loss) (13,199) (232) (1,791) (15,222) (669) (15.891) 649 (15,242) Common Stock Issued Amount 3,120 See Note 1 to Consolidated Financial Statements for additional details on the effect of cumulative adjustments to retained earnings Consolidated Financial Statements 3,120 3,120 3,120 Treasury Stock Amount (31,554) 3,060 (5,868) (34,362) 2,691 (6,746) (38,417) 3,148 (3,221) (38,490) JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1) 2020 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development (Note 5). Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 20) Earnings before provision for taxes on income Provision for taxes on income (Note 8) Net earnings Net earnings per share (Notes 1 and 15) Basic Diluted Average shares outstanding (Notes 1 and 15) Basic Diluted Son Notes to Consolidated Financial Statements 82,584 28,427 54,157 22,084 12,159 181 (111) 201 2,899 247 16,497 1,783 14,714 5.59 5.51 2,632.8 2,670.7 2019 82,059 27,556 54,503 22,178 11,355 890 (357) 318 2,525 266 17,328 2,209 15,119 5.72 5.63 2,645.1 2,684.3 2018 81,581 27,091 54,490 22,540 10,775 1,126 (611) 1,005 1,405 251 17,999 2,702 15,297 5.70 5.61 2,681.5 2,728.7 Question 7 Johnson and Johnson's largest asset at the most recent balance sheet date was: O a. Cash and cash equivalents b. Accounts receivable Oc. Intangible assets O d. Property, plant and equipment Question 8 Johnson and Johson's depreciation method results in depreciation methods O amore Obless Oc the same 2 points net income being reported on the company's income statement early in an asset's useful life than compared to the accelerated estion 9 Johnson and Johnson's depreciation method results in depreciation methods. O a the same Obless O more 2 points Save As book value being reported on the company's balance sheet early in an assers useful life than compared to the accelerated Question 10 In the most recent reporting period, the amount of cash paid by Johnson and Johnson for property, plant and equipment was (in millions)? O a. $0 O b.$305 Oc. $1,108 O d. $3,347 2 points Question 11 Calculate Johnson and Johnson's return on assets ratio (net eamings /total assets) for the last two reporting periods. Based on the company's return on assets radio, the company's management O a. used its assets more efficiently to generate earnings in 2020 than in 2019. Ob used its assets less efficiently to generate earnings in 2020 than in 2019. Ocused earnings more efficiently lo generate assets in 2020 than in 2010. Od used earnings less efficiently to generate assets in 2020 than in 2019 Save As Question 12 Johnson and Johnson increased which account when it originally issued shares of its stock for cash? O a. Retained earnings O b. Common stock in treasury O c. Common stock O d. Sales to customers Question 13 At the most recent balance sheet date, Johson and Johnson's shareholder claims to the company's assets totaled (in millions): O a. $174,894 O b. $3,120 Oc. $63,278 O d.$113,890 Question 14 At the most recent balance sheet date, Johnson and Johnson's paid-in capital totaled (in millions): O a. $0 O b. $3,120 O c. $38,490 O d. $63,278