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EX-99.1 - EXHIBIT 99.1 - JOHNSON & JOHNSONa2020q1exhibit991.htm
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Exhibit 99.2


Johnson & Johnson and Subsidiaries
 
 
 
 
 
 
 
 
 
Supplementary Sales Data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited; Dollars in Millions)
FIRST QUARTER
 
 
 
 
 
Percent Change
 
2020
 
2019
 
Total
 
Operations
 
Currency
Sales to customers by
 
 
 
 
 
 
 
 
 
geographic area
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 $ 10,699
 
  10,129
 
   5.6

%
            5.6

 

 
 
 
 
 
 
 
 
 
 
Europe
      4,827
 
    4,609
 
4.7

 
            7.5

 
(2.8
)
Western Hemisphere excluding U.S.
      1,502
 
    1,503
 
(0.1
)
 
            8.5

 
(8.6
)
Asia-Pacific, Africa
      3,663
 
    3,780
 
(3.1
)
 
(1.9
)
 
(1.2
)
International
      9,992
 
    9,892
 
   1.0

 
            4.0

 
(3.0
)
 
 
 
 
 
  
 
  
 
  
Worldwide
 $ 20,691
 
  20,021
 
   3.3

%
            4.8

 
(1.5
)
 
 
 
  
 
  
 
  
 
  
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)
FIRST QUARTER
 
 
 
 
 
 Percent Change
 
2020
 
2019
 
Total
 
Operations
 
Currency
Sales to customers by
 
 
 
 
 
 
 
 
 
segment of business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Health
 
 
 
 
 
 
 
 
 
    U.S.
 $ 1,740
 
    1,438
 
21.0

%
             21.0
 

    International
      1,885
 
    1,880
 
0.3

 
               3.9
 
(3.6
)
 
      3,625
   
    3,318
 
9.2

 
             11.3
 
(2.1
)
 
 
 
 
 
 
 
 
 
 
Pharmaceutical
 
 
 
 
 
 
 
 
 
    U.S.
      6,061
 
    5,582
 
8.6

 
               8.6
 

    International
      5,073
 
    4,662
 
8.8

 
             12.0
 
(3.2
)
 
    11,134
   
  10,244
 
8.7

 
             10.1
 
(1.4
)
 
 
 
 
 
 
 
 
 
 
Medical Devices
 
 
 
 
 
 
 
 
 
    U.S.
      2,898
   
    3,109
 
(6.8
)
 
             (6.8)
 

    International
      3,034
 
    3,350
 
(9.4
)
 
             (6.9)
 
(2.5
)
 
      5,932
   
    6,459
 
(8.2
)
 
             (6.9)
 
(1.3
)
 
 
 
 
 
 
 
 
 
 
U.S.
    10,699
 
  10,129
 
5.6

 
               5.6
 

International
      9,992
 
    9,892
 
1.0

 
               4.0
 
(3.0
)
Worldwide
 $ 20,691
 
  20,021
 
3.3

%
               4.8
 
(1.5
)
 
   
 
 
 
 
 
 
 
 
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)
FIRST QUARTER
 
 
 
 
 
 
 
 
 
 
 
2020
 
2019
 
Percent

 
 
 
Percent
 
 
 
Percent
 
Increase

 
Amount
 
to Sales
 
Amount
 
to Sales
 
(Decrease)

Sales to customers
 $ 20,691

 
     100.0

 
 $ 20,021

 
     100.0

 
3.3

Cost of products sold
      7,062

 
       34.1

 
      6,615

 
       33.0

 
6.8

Gross Profit
    13,629

 
65.9

 
    13,406

 
67.0

 
1.7

Selling, marketing and administrative expenses
      5,203

 
       25.1

 
      5,219

 
       26.1

 
(0.3
)
Research and development expense
      2,580

 
       12.5

 
      2,858

 
       14.3

 
(9.7
)
In-process research and development

 

 
         890

 
         4.4

 
 
Interest (income) expense, net
(42
)
 
(0.2
)
 
             3

 
         0.0

 
 
Other (income) expense, net
(679
)
 
(3.3
)
 
(22
)
 
(0.1
)
 
 
Restructuring
           58

 
         0.3

 
           36

 
         0.2

 
 
Earnings before provision for taxes on income
      6,509

 
       31.5

 
      4,422

 
       22.1

 
47.2

Provision for taxes on income
         713

 
         3.5

 
         673

 
         3.4

 
5.9

Net earnings
      5,796

 
       28.0

 
      3,749

 
       18.7

 
54.6

 
 
 
 
 
 
 
 
 
 
Net earnings per share (Diluted)
 $ 2.17

 
 
 
 $ 1.39

 
 
 
56.1

 
 
 
 
 
 
 
 
 
 
Average shares outstanding (Diluted)
2,671.0

 
 
 
2,698.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
11.0

%
 
 
15.2

%
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted earnings before provision for taxes and net earnings (1) (A)
 
 
 
 
 
 
 
 
 
Earnings before provision for taxes on income
 $ 7,244

 
35.0

 
 $ 6,867

 
34.3

 
5.5

Net earnings
 $ 6,154

 
29.7

 
 $ 5,661

 
28.3

 
8.7

Net earnings per share (Diluted)
 $ 2.30

 
 
 
 $ 2.10

 
 
 
9.5

Effective tax rate
15.0

%
 
 
17.6

%
 
 
 
 
 
 
 
 
 
 
 
 
 
(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
 
 
 
 
 
 
 
First Quarter
 
(Dollars in Millions Except Per Share Data)
 
2020
 
2019
 
Net Earnings, after tax- as reported
 
$5,796

 
$3,749

 
 
 
 
 
 
 
Pre-tax Adjustments
 
 
 
 
 
Intangible Asset Amortization expense
 
1,118

 
1,130

 
Litigation expense
 
120

 
423

 
IPR&D
 

 
890

 
Restructuring related
 
118

 
90

 
Acquisition and Integration related 1
 
(962
)
 
67

 
Unrealized (gains)/losses on securities
 
327

 
(158
)
 
Medical Device Regulation 2
 
14

 

 
Other
 

 
3

 
 
 
 
 
 
 
Tax Adjustments
 
 
 
 
 
Tax impact on special item adjustments 3
 
(267
)
 
(533
)
 
Tax legislation and related impacts
 
(110
)
 

 
Adjusted Net Earnings, after tax
 
$6,154

 
$5,661

 
Average shares outstanding (Diluted)
 
2,671.0

 
2,698.8

 
Adjusted net earnings per share (Diluted)
 
$2.30

 
$2.10

 
Operational adjusted net earnings per share (Diluted)
 
$2.32

 
 
 
 
 
 
 
 
 
Notes:
 
 
 
 
 
1 Acquisition and integration related costs for the first quarter of 2020 primarily includes a $983M Contingent Consideration reversal related to the timing of certain developmental milestones associated with the Auris Health acquisition.
 
2 European Medical Device Regulation (MDR) costs represent one-time compliance costs for the Company’s previously registered products. MDR is a replacement of the existing European Medical Devices Directive regulatory framework, and manufacturers of currently marketed medical devices are required to comply with EU MDR beginning in May 2021. The Company considers the adoption of EU MDR to be a significant one-time regulatory change and is not indicative of on-going operations. The Company has excluded only external third-party regulatory and consulting costs from its Medical Devices operating segments' measures of profit and loss used for making operating decisions and assessing performance.
 
3 The tax impact related to special item adjustments reflects the current and deferred income taxes associated with the above pre-tax special items in arriving at adjusted earnings.







Johnson & Johnson and Subsidiaries
 
 
 
 
 
 
 
 
Reconciliation of Non-GAAP Financial Measure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operational Sales Growth (A)
 FIRST QUARTER 2020 ACTUAL vs. 2019 ACTUAL
 
 Segments
 
 
 Consumer Health
 
 Pharmaceutical
 
 Medical Devices
 
 Total
 WW As Reported
 
9.2%
 
8.7%
 
(8.2)%
 
3.3%
 U.S.
 
21.0%
 
8.6%
 
(6.8)%
 
5.6%
 International
 
0.3%
 
8.8%
 
(9.4)%
 
1.0%
 
 
 
 
 
 
 
 
 
 WW Currency
 
(2.1)
 
(1.4)
 
(1.3)
 
(1.5)
 U.S.
 
 
 
 
 International
 
(3.6)
 
(3.2)
 
(2.5)
 
(3.0)
 
 
 
 
 
 
 
 
 
 WW Operational
 
11.3%
 
10.1%
 
(6.9)%
 
4.8%
 U.S.
 
21.0%
 
8.6%
 
(6.8)%
 
5.6%
 International
 
3.9%
 
12.0%
 
(6.9)%
 
4.0%
 
 
 
 
 
 
 
 
 
Skin Health / Beauty
 
 
 
 
 
 
 
 
Dr. Ci Labo - Japan
 
(0.4)
 
 
 
 
 
(0.1)
 U.S.
 
0.0
 
 
 
 
 
0.0
 International
 
(0.7)
 
 
 
 
 
(0.1)
 
 
 
 
 
 
 
 
 
General Surgery
 
 
 
 
 
 
 
 
Advanced Sterilization Products
 
 
 
 
 
2.1
 
0.8
 U.S.
 
 
 
 
 
2.7
 
0.9
 International
 
 
 
 
 
1.6
 
0.6
 
 
 
 
 
 
 
 
 
Baby Care
 
 
 
 
 
 
 
 
Baby Center
 
0.3
 
 
 
 
 
0.0
 U.S.
 
0.8
 
 
 
 
 
0.1
 International
 
0.0
 
 
 
 
 
0.0
 
 
 
 
 
 
 
 
 
All Other Acquisitions and Divestitures
 
(0.2)
 
0.1
 
(0.1)
 
0.0
 U.S.
 
0.0
 
0.1
 
(0.2)
 
0.0
 International
 
(0.3)
 
0.0
 
0.1
 
0.0
 
 
 
 
 
 
 
 
 
WW Adjusted Operational
 
11.0%
 
10.2%
 
(4.8)%
 
5.6%
 U.S.
 
21.7%
 
8.7%
 
(4.3)%
 
6.7%
 International
 
2.8%
 
12.0%
 
(5.3)%
 
4.5%
 
 
 
 
 
 
 
 
 
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)
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency

CONSUMER HEALTH SEGMENT (2) (3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BABY CARE
 
 
 
 
 
 
 
 
 
US
 
$
92

 
87

 
6.7
 %
6.7
 %
 %
Intl
 
 
269

 
307

 
(12.4
)
(8.2
)
(4.2
)
WW
 
 
361

 
394

 
(8.2
)
(4.9
)
(3.3
)
 
 
 
 
 
 
 
 
 
 
SKIN HEALTH / BEAUTY (4)
 
 
 
 
 
 
 
 
 
US
 
 
659

 
588

 
12.1

12.1


Intl
 
 
458

 
502

 
(8.8
)
(6.5
)
(2.3
)
WW
 
 
1,117

 
1,090

 
2.5

3.5

(1.0
)
 
 
 
 
 
 
 
 
 
 
ORAL CARE
 
 
 
 
 
 
 
 
 
US
 
 
176

 
151

 
16.2

16.2


Intl
 
 
219

 
216

 
1.5

5.3

(3.8
)
WW
 
 
395

 
367

 
7.6

9.8

(2.2
)
 
 
 
 
 
 
 
 
 
 
OTC
 
 
 
 
 
 
 
 
 
US
 
 
689

 
507

 
35.9

35.9


Intl
 
 
659

 
580

 
13.7

17.0

(3.3
)
WW
 
 
1,348

 
1,087

 
24.1

25.8

(1.7
)
 
 
 
 
 
 
 
 
 
 
WOMEN'S HEALTH
 
 
 
 
 
 
 
 
 
US
 
 
4

 
3

 
32.0

32.0


Intl
 
 
228

 
222

 
2.5

8.9

(6.4
)
WW
 
 
232

 
225

 
2.9

9.2

(6.3
)
 
 
 
 
 
 
 
 
 
 
WOUND CARE / OTHER
 
 
 
 
 
 
 
 
 
US
 
 
119

 
102

 
17.0

17.0


Intl
 
 
52

 
53

 
(1.2
)
1.9

(3.1
)
WW
 
 
171

 
155

 
10.7

11.8

(1.1
)
 
 
 
 
 
 
 
 
 
 
TOTAL CONSUMER HEALTH
 
 
 
 
 
 
 
 
 
US
 
 
1,740

 
1,438

 
21.0

21.0


Intl
 
 
1,885

 
1,880

 
0.3

3.9

(3.6
)
WW
 
$
3,625

 
3,318

 
9.2
 %
11.3
 %
(2.1
)%
 
 
 
 
 
 
 
 
 
 
See footnotes at end of schedule
 
 
 
 
 
 
 
 
 






Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency

PHARMACEUTICAL SEGMENT  (2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IMMUNOLOGY
 
 
 
 
 
 
 
 
 
US
 
$
2,410

 
2,163

 
11.4
 %
11.4
 %
 %
Intl
 
 
1,228

 
1,088

 
12.8

16.3

(3.5
)
WW
 
 
3,638

 
3,251

 
11.9

13.1

(1.2
)
     REMICADE
 
 
 
 
 
 
 
 
 
     US
 
 
625

 
774
 
(19.3
)
(19.3
)

     US Exports (5)
 
 
110

 
76

 
44.3

44.3


     Intl
 
 
256

 
252

 
1.5

5.2

(3.7
)
     WW
 
 
990

 
1,102

 
(10.2
)
(9.3
)
(0.9
)
     SIMPONI / SIMPONI ARIA
 
 
 
 
 
 
 
 
 
     US
 
 
272

 
263

 
3.4

3.4


     Intl
 
 
258

 
261

 
(1.2
)
2.6

(3.8
)
     WW
 
 
529

 
524

 
1.1

3.0

(1.9
)
     STELARA
 
 
 
 
 
 
 
 
 
     US
 
 
1,217

 
882

 
37.9

37.9


     Intl
 
 
603

 
523

 
15.2

18.3

(3.1
)
     WW
 
 
1,819

 
1,405

 
29.5

30.6

(1.1
)
     TREMFYA
 
 
 
 
 
 
 
 
 
     US
 
 
187

 
168

 
11.5

11.5


     Intl
 
 
109

 
49

 
*

*

*

     WW
 
 
296

 
217

 
36.4

37.3

(0.9
)
     OTHER IMMUNOLOGY
 
 
 
 
 
 
 
 
 
     US
 
 

 

 



     Intl
 
 
3

 
3

 
(6.9
)
(5.6
)
(1.3
)
     WW
 
 
3

 
3

 
(6.9
)
(5.6
)
(1.3
)
 
 
 
 
 
 
 
 
 
 
INFECTIOUS DISEASES
 
 
 
 
 
 
 
 
 
US
 
 
436

 
357

 
22.3

22.3


Intl
 
 
483

 
489

 
(1.2
)
2.7

(3.9
)
WW
 
 
920

 
846

 
8.7

11.0

(2.3
)
     EDURANT / rilpivirine
 
 
 
 
 
 
 
 
 
     US
 
 
12

 
12

 
0.6

0.6


     Intl
 
 
212

 
199

 
6.4

9.2

(2.8
)
     WW
 
 
224

 
211

 
6.1

8.7

(2.6
)
     PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA
 
 
 
 
 
 
     US
 
 
396

 
315

 
25.5

25.5


     Intl
 
 
184

 
208

 
(11.6
)
(6.4
)
(5.2
)
     WW
 
 
579

 
523

 
10.8

12.8

(2.0
)
     OTHER INFECTIOUS DISEASES
 
 
 
 
 
 
 
 
 
     US
 
 
29

 
30

 
(3.4
)
(3.4
)

     Intl
 
 
87

 
82

 
6.7

10.2

(3.5
)
     WW
 
 
116

 
112

 
4.0

6.6

(2.6
)
 
 
 
 
 
 
 
 
 
 
See footnotes at end of schedule
 
 
 
 
 
 
 
 
 





Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency

PHARMACEUTICAL SEGMENT  (2) (Continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEUROSCIENCE
 
 
 
 
 
 
 
 
 
US
 
$
748

 
723

 
3.3
 %
3.3
 %
 %
Intl
 
 
910

 
905

 
0.5

3.0

(2.5
)
WW
 
 
1,658

 
1,629

 
1.8

3.1

(1.3
)
     CONCERTA / methylphenidate
 
 
 
 
 
 
 
 
 
     US
 
 
52

 
97

 
(46.1
)
(46.1
)

     Intl
 
 
118

 
116

 
1.5

3.6

(2.1
)
     WW
 
 
171

 
214

 
(20.1
)
(19.0
)
(1.1
)
     INVEGA SUSTENNA / XEPLION / INVEGA
 
 
 
 
 
     TRINZA / TREVICTA
 
 
 
 
 
 
 
 
 
     US
 
 
544

 
483

 
12.6

12.6


     Intl
 
 
339

 
307

 
10.3

13.2

(2.9
)
     WW
 
 
883

 
790

 
11.7

12.9

(1.2
)
     RISPERDAL CONSTA
 
 
 
 
 
 
 
 
 
     US
 
 
76

 
77

 
(0.3
)
(0.3
)

     Intl
 
 
94

 
102

 
(8.7
)
(5.9
)
(2.8
)
     WW
 
 
170

 
179

 
(5.1
)
(3.5
)
(1.6
)
     OTHER NEUROSCIENCE
 
 
 
 
 
 
 
 
 
     US
 
 
75

 
66

 
12.5

12.5


     Intl
 
 
360

 
379

 
(5.1
)
(3.1
)
(2.0
)
     WW
 
 
435

 
446

 
(2.5
)
(0.8
)
(1.7
)
 
 
 
 
 
 
 
 
 
 
ONCOLOGY
 
 
 
 
 
 
 
 
 
US
 
 
1,175

 
962

 
22.1

22.1


Intl
 
 
1,839

 
1,556

 
18.2

21.7

(3.5
)
WW
 
 
3,013

 
2,518

 
19.7

21.8

(2.1
)
     DARZALEX
 
 
 
 
 
 
 
 
 
     US
 
 
463

 
352

 
31.8

31.8


     Intl
 
 
474

 
277

 
70.9

76.8

(5.9
)
     WW
 
 
937

 
629

 
49.0

51.6

(2.6
)
     ERLEADA (6)
 
 
 
 
 
 
 
 
 
     US
 
 
119

 
58

 
*

*


     Intl
 
 
24

 
3

 
*

*

*

     WW
 
 
143

 
61

 
*

*

*

     IMBRUVICA
 
 
 
 
 
 
 
 
 
     US
 
 
432

 
349

 
23.9

23.9


     Intl
 
 
599

 
435

 
37.8

42.3

(4.5
)
     WW
 
 
1,031

 
784

 
31.6

34.1

(2.5
)
     VELCADE
 
 
 
 
 
 
 
 
 
     US
 
 

 

 



     Intl
 
 
108

 
263

 
(59.0
)
(58.2
)
(0.8
)
     WW
 
 
108

 
263

 
(59.0
)
(58.2
)
(0.8
)
     ZYTIGA / abiraterone acetate
 
 
 
 
 
 
 
 
 
     US
 
 
139

 
185

 
(25.2
)
(25.2
)

     Intl
 
 
552

 
494

 
11.7

14.3

(2.6
)
     WW
 
 
690

 
679

 
1.6

3.5

(1.9
)
     OTHER ONCOLOGY (6)
 
 
 
 
 
 
 
 
 
     US
 
 
22

 
18

 
20.1

20.1


     Intl
 
 
82

 
84

 
(2.7
)
0.6

(3.3
)
     WW
 
 
104

 
102

 
1.3

4.1

(2.8
)
See footnotes at end of schedule
 
 
 
 
 
 
 
 
 




Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency
PHARMACEUTICAL SEGMENT  (2) (Continued)
 
 
 
 
 
 
 
 
 
 
 
 
PULMONARY HYPERTENSION
 
 
 
 
 
 
US
 
$
486

 
430

 
13.0
 %
13.0
 %
 %
Intl
 
 
260

 
226

 
14.9

17.8

(2.9
)
WW
 
 
745

 
656

 
13.7

14.7

(1.0
)
     OPSUMIT
 
 
 
 
 
 
 
 
 
     US
 
 
229

 
172

 
33.0

33.0


     Intl
 
 
160

 
133

 
20.2

23.3

(3.1
)
     WW
 
 
389

 
306

 
27.4

28.8

(1.4
)
     UPTRAVI
 
 
 
 
 
 
 
 
 
     US
 
 
212

 
176

 
20.7

20.7


     Intl
 
 
38

 
22

 
70.2

75.0

(4.8
)
     WW
 
 
250

 
198

 
26.2

26.8

(0.6
)
     OTHER PULMONARY HYPERTENSION (6)
 
 
 
 
 
 
 
     US
 
 
44

 
82

 
(45.9
)
(45.9
)

     Intl
 
 
62

 
71

 
(12.4
)
(10.7
)
(1.7
)
     WW
 
 
106

 
152

 
(30.4
)
(29.6
)
(0.8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
See footnotes at end of schedule
 
 
 
 
 
 
 




Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency
PHARMACEUTICAL SEGMENT  (2) (Continued)
 
 
 
 
 
 
 
 
 
 
 
 
CARDIOVASCULAR / METABOLISM / OTHER
 
 
 
 
 
 
US
 
$
806

 
947

 
(14.9
)%
(14.9
)%
 %
Intl
 
 
354

 
398

 
(11.0
)
(8.7
)
(2.3
)
WW
 
 
1,160

 
1,345

 
(13.8
)
(13.1
)
(0.7
)
     XARELTO
 
 
 
 
 
 
 
 
 
     US
 
 
527

 
542

 
(2.7
)
(2.7
)

     Intl
 
 

 

 



     WW
 
 
527

 
542

 
(2.7
)
(2.7
)

     INVOKANA / INVOKAMET
 
 
 
 
 
 
 
 
 
     US
 
 
117

 
154

 
(23.6
)
(23.6
)

     Intl
 
 
58

 
49

 
18.6

20.9

(2.3
)
     WW
 
 
175

 
202

 
(13.5
)
(12.9
)
(0.6
)
     PROCRIT / EPREX
 
 
 
 
 
 
 
 
 
     US
 
 
76

 
148

 
(48.5
)
(48.5
)

     Intl
 
 
79

 
78

 
0.4

1.9

(1.5
)
     WW
 
 
155

 
226

 
(31.6
)
(31.0
)
(0.6
)
     OTHER
 
 
 
 
 
 
 
 
 
     US
 
 
85

 
104

 
(18.0
)
(18.0
)

     Intl
 
 
217

 
271

 
(19.7
)
(17.1
)
(2.6
)
     WW
 
 
302

 
374

 
(19.2
)
(17.4
)
(1.8
)
 
 
 
 
 
 
 
 
 
 
TOTAL PHARMACEUTICAL
 
 
 
 
 
 
 
 
 
US
 
 
6,061

 
5,582

 
8.6

8.6


Intl
 
 
5,073

 
4,662

 
8.8

12.0

(3.2
)
WW
 
$
11,134

 
10,244

 
8.7
 %
10.1
 %
(1.4
)%
 
 
 
 
 
 
 
 
 
 
See footnotes at end of schedule
 
 
 
 
 
 
 




Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency

MEDICAL DEVICES SEGMENT (2)
 
 
 
 
 
 
 
 
 
 
 
 
 
INTERVENTIONAL SOLUTIONS
 
 
 
 
 
 
 
 
 
US
 
 
365

 
343

 
6.6
 %
6.6
 %
 %
Intl
 
 
362

 
389

 
(6.9
)
(5.1
)
(1.8
)
WW
 
 
727

 
732

 
(0.6
)
0.4

(1.0
)
 
 
 
 
 
 
 
 
 
 
ORTHOPAEDICS
 
 
 
 
 
 
 
 
 
US
 
 
1,250

 
1,318

 
(5.2
)
(5.2
)

Intl
 
 
788

 
885

 
(11.0
)
(8.5
)
(2.5
)
WW
 
 
2,038

 
2,204

 
(7.5
)
(6.5
)
(1.0
)
 
 
 
 
 
 
 
 
 
 
     HIPS
 
 
 
 
 
 
 
 
 
     US
 
 
206

 
213

 
(3.6
)
(3.6
)

     Intl
 
 
132

 
148

 
(11.2
)
(8.4
)
(2.8
)
     WW
 
 
337

 
361

 
(6.7
)
(5.6
)
(1.1
)
 
 
 
 
 
 
 
 
 
 
     KNEES
 
 
 
 
     US
 
 
214

 
223

 
(4.2
)
(4.2
)

     Intl
 
 
130

 
146

 
(11.4
)
(8.9
)
(2.5
)
     WW
 
 
343

 
369

 
(7.0
)
(6.1
)
(0.9
)
 
 
 
 
 
 
 
 
 
 
     TRAUMA
 
 
 
 
 
 
 
 
 
     US
 
 
407

 
417

 
(2.3
)
(2.3
)

     Intl
 
 
247

 
268

 
(8.0
)
(5.3
)
(2.7
)
     WW
 
 
654

 
685

 
(4.5
)
(3.5
)
(1.0
)
 
 
 
 
 
 
 
 
 
 
     SPINE, SPORTS & OTHER (7)
 
 
     US
 
 
423

 
465

 
(8.9
)
(8.9
)

     Intl
 
 
280

 
323

 
(13.3
)
(11.1
)
(2.2
)
     WW
 
 
703

 
788

 
(10.7
)
(9.8
)
(0.9
)
 
 
 
 
 
 
 
 
 
 
See footnotes at end of schedule
 
 
 
 
 
 
 
 
 



Johnson & Johnson
Segment Sales
(Dollars in Millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
FIRST QUARTER
 
 
 
 
 
 
 
% Change
 
 
 
2020
 
2019
 
Reported
Operational (1)
Currency

MEDICAL DEVICES SEGMENT (2) (Continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
SURGERY
 
 
 
 
 
 
US
 
$
844

 
1,001

 
(15.7
)%
(15.7
)%
 %
Intl
 
 
1,257

 
1,394

 
(9.8
)
(6.7
)
(3.1
)
WW
 
 
2,100

 
2,395

 
(12.3
)
(10.5
)
(1.8
)
 
 
 
 
 
 
 
 
 
 
     ADVANCED
 
 
 
 
 
 
 
 
 
     US
 
 
381

 
404

 
(5.7
)
(5.7
)

     Intl
 
 
567

 
576

 
(1.6
)
1.6

(3.2
)
     WW
 
 
948

 
980

 
(3.3
)
(1.4
)
(1.9
)
 
 
 
 
 
 
 
 
 
 
     GENERAL (6)
 
 
 
 
 
 
 
 
 
     US
 
 
463

 
597

 
(22.5
)
(22.5
)

     Intl
 
 
690

 
818

 
(15.7
)
(12.6
)
(3.1
)
     WW
 
 
1,153

 
1,414

 
(18.5
)
(16.8
)
(1.7
)
 
 
 
 
 
 
 
 
 
 
VISION
 
 
 
 
US
 
 
439

 
446

 
(1.6
)
(1.6
)

Intl
 
 
628

 
682

 
(8.0
)
(6.4
)
(1.6
)
WW
 
 
1,067

 
1,129

 
(5.5
)
(4.5
)
(1.0
)
 
 
 
 
 
 
 
 
 
 
     CONTACT LENSES / OTHER
 
 
 
 
 
 
 
 
 
     US
 
 
346

 
321

 
7.7

7.7


     Intl
 
 
467

 
502

 
(7.0
)
(5.4
)
(1.6
)
     WW
 
 
814

 
824

 
(1.3
)
(0.3
)
(1.0
)
     SURGICAL
 
 
 
 
 
 
 
 
 
     US
 
 
93

 
125

 
(25.5
)
(25.5
)

     Intl
 
 
160

 
180

 
(11.0
)
(9.2
)
(1.8
)
     WW
 
 
253

 
305

 
(16.9
)
(15.9
)
(1.0
)
 
 
 
 
 
 
 
 
 
 
TOTAL MEDICAL DEVICES
 
 
US
 
 
2,898

 
3,109

 
(6.8
)
(6.8
)

Intl
 
 
3,034

 
3,350

 
(9.4
)
(6.9
)
(2.5
)
WW
 
$
5,932

 
6,459

 
(8.2
)%
(6.9
)%
(1.3
)%
 
 
 
 
 
 
 
 
 
 
Note: Column 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) Previously referred to as Consumer
 
 
 
 
 
 
 
 
 
(4) Previously referred to as Beauty
 
(5) Reported as U.S. sales
(6) Refer to supplemental schedule
(7) Previously referred to as Spine & Other






Johnson & Johnson
Supplemental Sales Information
(Dollars in Millions)
Prior quarter amounts have been reclassified to
 
 
 
 
 
 
 
 
 
 
 
conform to current quarter products disclosure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
2019
 
2019
 
Full Year
 
Q1
 
Q2
 
Q3
 
Q4
 
Full Year
PHARMACEUTICAL SEGMENT (1)
 
 
 
 
 
 
 
 
 
 
 
     ERLEADA (2)
 
 
 
 
 
 
 
 
 
 
 
     US
         124

 
           58
 
           62
 
           74
 
         103
 
            297
     Intl

 
             3
 
             7
 
           12
 
           13
 
              35
     WW
         124

 
           61
 
           69
 
           86
 
         116
 
            332
 
 
 
 
 
 
 
 
 
 
 
 
     OTHER ONCOLOGY (2)
 
 
 
 
 
 
 
 
 
 
 
     US
         104

 
           18
 
           16
 
           17
 
           19
 
              70
     Intl
         362

 
           84
 
           85
 
           83
 
           84
 
            336
     WW
         466

 
         102
 
         101
 
         100
 
         104
 
            407
 
 
 
 
 
 
 
 
 
 
 
 
PULMONARY HYPERTENSION
 
 
 
 
 
 
 
 
 
 
 
     OTHER PAH (3)
 
 
 
 
 
 
 
 
 
 
 
     US
         353

 
           82
 
           61
 
           36
 
           26
 
            205
     Intl
         342

 
           71
 
           78
 
           61
 
           62
 
            272
     WW
         695

 
         152
 
         140
 
           96
 
           88
 
            476
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MEDICAL DEVICES SEGMENT (1)
 
 
 
 
 
 
 
 
 
 
 
     GENERAL SURGERY (4)
 
 
 
 
 
 
 
 
 
 
 
     US
      2,468

 
         597
 
         530
 
         531
 
         534
 
         2,192
     Intl
      3,431

 
         818
 
         794
 
         769
 
         834
 
         3,215
     WW
      5,899

 
      1,414
 
      1,325
 
      1,301
 
      1,366
 
         5,406
 
 
 
 
 
 
 
 
 
 
 
 
Note: Columns and rows within tables may not add due to rounding. 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Unaudited
 
 
 
 
 
 
 
 
 
 
 
(2) ERLEADA was previously included in Other Oncology
 
 
 
 
 
 
 
(3) Other PAH is inclusive of TRACLEER, which was previously disclosed separately
(4) General Surgery is inclusive of Specialty Surgery, which was previously disclosed separately