On Jan. 24, Johnson & Johnson (NYSE:JNJ) released fiscal year 2005 earnings for the period ended Dec. 31, 2005.

  • Sales in JNJ's medical devices and diagnostics segment were up 13% for the year.
  • The company's research expense for the year increased by 14.4%.
  • Adjusted net earnings increased by 13.3% in 2005.

(Figures in millions, except per-share data)
Income Statement Highlights

Avg. Est.

FY 2005

FY 2004

% Change

Sales

$51,110

$50,514

$47,348

+6.7%

Net Profit

--

$10,411

$8,509

+22.4%

EPS

$3.49

$3.46

$2.84

+21.8%



Get back to basics with a look at the income statement.

Margin Checkup

FY 2005

FY 2004

Change

Gross Margin

72.38%

71.65%

+0.72%

Op. Margin

25.75%

27.13%

-1.38%

Net Margin

20.61%

17.97%

+2.64%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Inexplicably, the company did not provide balance sheet information in its release.

Related Companies:

  • Procter & Gamble (NYSE:PG)
  • Amgen (NASDAQ:AMGN)
  • Boston Scientific (NYSE:BSX)
  • Allergan (NYSE:AGN)
  • Pfizer (NYSE:PFE)
  • Medtronic (NYSE:MDT)

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, John Reeves had positions in Johnson & Johnson and Procter & Gamble. Pfizer is a Motley Fool Inside Value selection. Fool rules are here.