According to the balance sheet, how many outstanding shares does Johnson & Johnson have on their 2019 fiscal year end? How much shares of treasury stock did Johnson & Johnson repurchase in 2019? What was the dollar amount they paid? JOHNSON & JOHNSON AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSAt December 29, 2019 and December 30, 2018(Dollars in Millions Except Share and Per Share Amounts) (Note 1)20192018AssetsCurrent assetsCash and cash equivalents (Notes 1 and 2)17,30518,107Marketable securities (Notes 1 and 2)1,9821,580Accounts receivable trade, less allowances for doubtful accounts $226 (2018, S248)14,48114,098Inventories (Notes 1 and 3)Prepaid expenses and other receivables9,0208,5992,3922,699Assets held for sale (Note 20)94950Total current assets45,27446,033Property, plant and cquipment, net (Notes 1 and 4)Intangible assets, net (Notes 1 and 5)17,65817,03547,64347,611Goodwill (Notes 1 and 5)33,63930,453Deferred taxes on income (Note 8)7,8197,640Other assets5,6954,182Total assets157,728152,954Liabilities and Shareholders' EquityCurrent liabilitiesLoans and notes payable (Note 7)Accounts payable1,2022,7968,5447,537Accrued liabilities9,7157,601Accrued rebates, returns and promotions10,8839,380Accrued compensation and employee related obligations3,3543,098Accrued taxes on income (Note 8)2,266818Total current liabilities35,96431,230Long-term debt (Note 7)26,49427,684Deferred taxes on income (Note 8)5,9587,506Employee related obligations (Notes 9 and 10)10,6639,951Long-term taxes payable (Note 8)7,4448,242Other liabilities11,7348,589Total liabilities98,25793,202Commitments and Contingencies (Note 21)Shareholders' equityPreferred stock – without par value (authorized and unissued 2,000,000 shares)Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares)3,1203,120Accumulated other comprehensive income (loss) (Note 13)(15,891)(15,222)Retained earnings110,659106,21697,88894,114Less: common stock held in treasury, at cost (Note 12) (487,336,000 shares and 457,519,000 shares)38,41734,362Total shareholders' equity59,47159,752Total liabilities and shareholders' equity157,728152,954

Outstanding shares are those shares that are authorized and issued by the organization and are kept by the investors. These shares are mostly of two types: 1- Common stock 2- Preferred Shares Treasury shares are those shares that are at first issued to investors but later on reacquired by the organization.Outstanding preferred stock is 0 because the preferred stock has not been issued by the company in the fiscal year 2019. Only the common stocks are issued by the company which is referred to as the outstanding shares of the company. Outstanding shares are 3,119,843,000. Johnson & Johnson reacquired treasury stock is 487,336,000 as per the balance sheet. The dollar amount of treasury shares are $38,417 for FY2019. The amount reported on the balance sheet for FY2019 is the total balance. As per Note 12, treasury stock that is reacquired by J&J co. is 49,870,000 and the amount of treasury stock is $6,746 in the FY 2019. This Note 12 has stated the specified information for each fiscal year.

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According to the balance sheet, how many outstanding shares does Johnson & Johnson have on their 2019 fiscal year end? How much shares of treasury stock did Johnson & Johnson repurchase in 2019? What was the dollar amount they paid?

According to the balance sheet, how many outstanding shares does Johnson & Johnson have on their 2019 fiscal year end? How much shares of treasury stock did Johnson & Johnson repurchase in 2019? What was the dollar amount they paid?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

JOHNSON & JOHNSON AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
At December 29, 2019 and December 30, 2018
(Dollars in Millions Except Share and Per Share Amounts) (Note 1)
2019
2018
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2)
17,305
18,107
Marketable securities (Notes 1 and 2)
1,982
1,580
Accounts receivable trade, less allowances for doubtful accounts $226 (2018, S248)
14,481
14,098
Inventories (Notes 1 and 3)
Prepaid expenses and other receivables
9,020
8,599
2,392
2,699
Assets held for sale (Note 20)
94
950
Total current assets
45,274
46,033
Property, plant and cquipment, net (Notes 1 and 4)
Intangible assets, net (Notes 1 and 5)
17,658
17,035
47,643
47,611
Goodwill (Notes 1 and 5)
33,639
30,453
Deferred taxes on income (Note 8)
7,819
7,640
Other assets
5,695
4,182
Total assets
157,728
152,954
Liabilities and Shareholders' Equity
Current liabilities
Loans and notes payable (Note 7)
Accounts payable
1,202
2,796
8,544
7,537
Accrued liabilities
9,715
7,601
Accrued rebates, returns and promotions
10,883
9,380
Accrued compensation and employee related obligations
3,354
3,098
Accrued taxes on income (Note 8)
2,266
818
Total current liabilities
35,964
31,230
Long-term debt (Note 7)
26,494
27,684
Deferred taxes on income (Note 8)
5,958
7,506
Employee related obligations (Notes 9 and 10)
10,663
9,951
Long-term taxes payable (Note 8)
7,444
8,242
Other liabilities
11,734
8,589
Total liabilities
98,257
93,202
Commitments and Contingencies (Note 21)
Shareholders' equity
Preferred stock – without par value (authorized and unissued 2,000,000 shares)
Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares)
3,120
3,120
Accumulated other comprehensive income (loss) (Note 13)
(15,891)
(15,222)
Retained earnings
110,659
106,216
97,888
94,114
Less: common stock held in treasury, at cost (Note 12) (487,336,000 shares and 457,519,000 shares)
38,417
34,362
Total shareholders' equity
59,471
59,752
Total liabilities and shareholders' equity
157,728
152,954

Definition Definition Stock repurchased from the stockholders by the company that once issued it. The repurchase of the stock reduces the stockholder's equity balance on the balance sheet. Treasury stocks are an important constituent of stockholder's equity but do not carry any voting rights.

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