强生Johnson & Johnson (JNJ) 2003年年度报告「NYSE」.pdf

1、2003Annual ReportJohnson&Johnson 2003 Annual ReportNet Sales(in billions of dollars)About the CompanyJohnson&Johnson has$41.9 billion in sales and is the worlds most comprehensive and broadlybased manufacturer of health care products,as well as a provider of related services,for the con-sumer,pharma

2、ceutical,and medical devices and diagnostics markets.Johnson&Johnson hasapproximately 110,600 employees and more than 200 operating companies in 57 countries,sellingproducts throughout the world.On the CoverIn China,one of the worlds largest markets,Johnson&Johnson Medical Ltd.employees and theirfam

3、ilies celebrate the companys designation as a top employer.China represents an emerging marketof opportunity for Johnson&Johnson companies.Working within our decentralized structure,localcompanies can identify and serve customer health care needs.%Change(Dollars in Millions Except Per Share Figures)

4、20032002200120032002Sales to customers$41,86236,29832,31715.312.3Net earnings7,1976,5975,6689.116.4Percent return on averageshareholders equity29.028.125.4Diluted net earnings per share$2.402.161.8411.1 17.4Cash dividends paid per share0.9250.7950.7016.413.6Market price(year-end close)50.6253.1159.8

5、6(4.7)(11.3)Letter to Shareholders.1Features.5Board of Directors.24Committees of the Board.24Corporate Officers andCompany Group Chairmen.26Corporate Governance andManagements Responsibility.27Managements Discussion and Analysis.28Consolidated Financial Statements.38Notes to Consolidated Financial S

6、tatements.42Report of Independent Auditors.60Segments of Business and Geographic Areas.61Summary of Operations andStatistical Data 1993-2003.62Reconciliation of Non-GAAP Measures.63Principal Global Affiliates.63Worldwide Family of Companies.67Corporate and Shareholder/Investor Information.7103020100