You can locate Johnson & Johnson’s financial statements on its Web site, the Securities and Exchange Commission’s Web site of company reports, or the accompanying textbook Web site.
a. In the letter to the shareholders, the chairman discusses 2013 results. What financial statement items does he highlight?
b. In the letter to the shareholders, the chairman and chief executive officer discusses four drivers of longterm growth. What are the four major drivers discussed?
c. On page 4 of the Annual Report file, Johnson & Johnson begins its discussion of ­business ­segments. How many distinct business segments does Johnson & Johnson operate in? What are the 2013 sales in each segment? If Johnson & Johnson’s total sales are $ 71.3 billion, what is the percent of sales from each segment? Which segment generates the most sales?
d. How many directors are on Johnson & Johnson’s Board of Directors?
e. From the Management’s Discussion and Analysis starting on the page numbered 13 of the Annual Report, what are Johnson & Johnson’s total contractual obligations?
f. From the Management’s Discussion and Analysis starting on the page numbered 10 of the Annual Report, what are the 2013 operating profits of Johnson & Johnson’s three distinct segments? Which segment has the highest operating profit?
g. What accounting firm performed Johnson & Johnson’s independent audit?
h. Who signed Johnson & Johnson’s Management’s report on internal control over financial reporting?