8-KOther Events

JOHNSON & JOHNSON 8-K Report (Apr 13, 2004)

Filed April 13, 2004For Securities:JNJ

Summary

Johnson & Johnson (JNJ) filed an 8-K on April 13, 2004, to report its consolidated financial results for the first quarter ended March 28, 2004. The filing primarily serves to furnish the press release detailing these results as exhibits. Investors should note that JNJ provided both GAAP and non-GAAP financial measures, specifically excluding charges related to in-process research and development (IPR&D) associated with business combinations. The company believes this non-GAAP presentation aids in evaluating the ongoing business operations by removing the impact of these acquisition-related charges.

Key Highlights

  • 1Johnson & Johnson reported its first-quarter 2004 financial results on April 13, 2004.
  • 2The 8-K filing includes a press release and supplementary sales data as exhibits.
  • 3The company provided non-GAAP financial measures, excluding in-process R&D (IPR&D) charges.
  • 4Exclusion of IPR&D charges is intended to provide a clearer view of ongoing business operations.
  • 5IPR&D charges were related to business combination transactions in the first quarter of 2003.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report Johnson & Johnson's consolidated financial results for the first quarter ended March 28, 2004. It serves as a public record by furnishing the related press release and supplementary financial data.

Johnson & Johnson provided non-GAAP financial measures, specifically excluding in-process research and development (IPR&D) charges, to offer investors a clearer perspective on the company's ongoing operational performance. These IPR&D charges are typically associated with business combination transactions and are not considered reflective of day-to-day business activities.

The IPR&D charges that were excluded from the non-GAAP measures in this filing relate specifically to business combination transactions that occurred in the first quarter of 2003. While the current quarter's results are being reported, the excluded charges are from a prior period's acquisition activities.