8-KOther Events

JOHNSON & JOHNSON 8-K Report (Sep 20, 2001)

Filed September 20, 2001For Securities:JNJ

Summary

This Form 8-K filing from Johnson & Johnson (JNJ), filed on September 20, 2001, primarily serves to provide updated and restated historical consolidated financial statements. These statements, which are incorporated by reference as Exhibit 99.15, now reflect the merger with ALZA Corporation, accounted for as a pooling of interests. The company had previously filed supplemental financial information to retroactively include the ALZA merger, but as consolidated financial statements covering the merger's consummation date have now been issued, these become the official historical financial records. Investors should note that the filing includes audited consolidated financial statements for the three-year period ending December 31, 2000, along with Management's Discussion and Analysis (MD&A), independent accountant's reports, valuation and qualifying accounts, and the computation of the ratio of earnings to fixed charges. This provides a comprehensive view of J&J's financial position and performance leading up to and including the ALZA acquisition, presented in accordance with accounting standards.

Key Highlights

  • 1Johnson & Johnson (JNJ) filed an 8-K on September 20, 2001, to update its financial reporting.
  • 2The filing incorporates audited consolidated financial statements for the three-year period ending December 31, 2000.
  • 3These financial statements have been restated to retroactively include the merger with ALZA Corporation, accounted for as a pooling of interests.
  • 4The updated financial statements reflect the consummation of the ALZA merger and supersede previously filed supplemental information.
  • 5The filing includes the Management's Discussion and Analysis (MD&A) of Financial Condition and Results of Operations.
  • 6Additional financial information such as Schedule II - Valuation and Qualifying Accounts and the Statement of Computation of Ratio of Earnings to Fixed Charges are also included.
  • 7The report confirms the issuance of consolidated financial statements covering the ALZA merger date, establishing them as historical records.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with updated and officially recognized historical consolidated financial statements for Johnson & Johnson. These statements have been restated to incorporate the merger with ALZA Corporation, which was accounted for using the pooling of interests method.

J&J initially filed supplemental financial information because consolidated financial statements reflecting the ALZA merger's consummation date were not yet available. Now that these statements have been issued, they are being filed to supersede the previous supplemental information, providing the definitive historical financial records for the period.

This filing includes audited consolidated financial statements for the three years ending December 31, 2000, along with Management's Discussion and Analysis (MD&A), which provides insights into the company's financial condition and results of operations. Additionally, it contains Schedule II (Valuation and Qualifying Accounts) and the Statement of Computation of Ratio of Earnings to Fixed Charges.

The merger with ALZA Corporation has been accounted for as a pooling of interests. This means that the financial statements presented have been retroactively adjusted to include ALZA's historical financial data as if the merger had occurred at the beginning of the periods presented, providing a consistent view of the combined entity's performance.