Mead Johnson Nutrition Co (MJN) Financial Statements (2025 and earlier)

Company Profile

Business Address 225 NORTH CANAL STREET
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,795,4001,843,2001,716,0001,702,3001,701,4001,363,500
Cash and cash equivalents1,795,4001,843,2001,716,0001,702,3001,701,4001,363,500
Restricted cash and investments      
Receivables369,000397,200359,500368,200342,500368,900
Inventory, net of allowances, customer advances and progress billings473,500476,000465,800486,900484,900518,600
Inventory473,500476,000465,800486,900484,900518,600
Other undisclosed current assets68,70089,30078,60077,00073,600184,200
Total current assets:2,706,6002,805,7002,619,9002,634,4002,602,4002,435,200
Noncurrent Assets
Property, plant and equipment948,600929,600925,400927,000964,000933,200
Intangible assets, net (including goodwill)154,900160,000164,700170,500180,900212,000
Goodwill108,900112,800115,800120,000126,000147,000
Intangible assets, net (excluding goodwill)46,00047,20048,90050,50054,90065,000
Other noncurrent assets134,500167,000176,300160,800132,300149,600
Deferred tax assets, net 6,200   118,500 
Other undisclosed noncurrent assets136,900131,400142,300124,100 47,900
Total noncurrent assets:1,381,1001,388,0001,408,7001,382,4001,395,7001,342,700
TOTAL ASSETS:4,087,7004,193,7004,028,6004,016,8003,998,1003,777,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities786,500782,300727,500776,400772,300731,200
Interest and dividends payable76,00076,60077,60077,70077,80083,000
Accounts payable515,800474,800456,300473,900481,500450,100
Accrued liabilities194,700230,900193,600224,800213,000198,100
Debt3,9001,8003,8003,1003,000323,500
Deferred revenue and credits12,40019,00010,30013,40035,50020,900
Other undisclosed current liabilities441,400446,900418,900449,400442,500118,000
Total current liabilities:1,244,2001,250,0001,160,5001,242,3001,253,3001,193,600
Noncurrent Liabilities
Long-term debt and lease obligation2,976,2003,008,4003,021,9003,012,600 1,839,300
Long-term debt, excluding current maturities2,976,2003,008,4003,021,9003,012,600 1,839,300
Liabilities, other than long-term debt339,400374,000365,600354,300363,600352,800
Asset retirement obligations     7,300 
Deferred tax liabilities, net6,2005,6006,1006,6008,70010,300
Liability, pension and other postretirement and postemployment benefits104,200137,700149,400138,300132,400136,500
Other liabilities229,000230,700210,100209,400215,200206,000
Other undisclosed noncurrent liabilities     2,973,700 
Total noncurrent liabilities:3,315,6003,382,4003,387,5003,366,9003,337,3002,192,100
Total liabilities:4,559,8004,632,4004,548,0004,609,2004,590,6003,385,700
Equity
Equity, attributable to parent(512,700)(478,500)(562,100)(635,400)(632,300)351,500
Common stock1,9001,9001,9001,9001,9002,100
Treasury stock, value(362,600)(363,000)(362,600)(362,600)(362,600)(799,600)
Additional paid in capital(514,000)(522,600)(537,100)(552,800)(564,200)(572,300)
Accumulated other comprehensive loss(411,400)(377,000)(374,100)(354,200)(347,800)(305,100)
Retained earnings773,400782,200709,800632,300640,4002,026,400
Equity, attributable to noncontrolling interest40,60039,80042,70043,00039,80040,700
Total equity:(472,100)(438,700)(519,400)(592,400)(592,500)392,200
TOTAL LIABILITIES AND EQUITY:4,087,7004,193,7004,028,6004,016,8003,998,1003,777,900

Income Statement (P&L) ($ in thousands)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Revenues
(Revenue, Net)
901,600937,500941,500962,100967,000977,500
Cost of revenue
(Cost of Goods and Services Sold)
(326,500)(333,700)(333,200)(347,600)(358,600)(346,800)
Gross profit:575,100603,800608,300614,500608,400630,700
Operating expenses(193,400)(213,100)(233,100)(224,300)(260,600)(242,400)
Other operating income (expense), net(8,800)(200)5,200(88,300)  
Operating income:372,900390,500380,400301,900347,800388,300
Nonoperating income (expense) 13,300   (2,400)(3,600)
Investment income, nonoperating 13,300   (3,200)1,200
Gain (loss), foreign currency transaction, before tax     500(4,900)
Interest and debt expense(30,400)(29,800)(29,500)(29,000)(24,900)(16,800)
Income from continuing operations before equity method investments, income taxes:355,800360,700350,900272,900320,500367,900
Other undisclosed loss from continuing operations before income taxes(156,300)(158,800)(162,900)(149,000)(147,200)(156,700)
Income from continuing operations before income taxes:199,500201,900188,000123,900173,300211,200
Income tax expense(31,300)(53,300)(32,200)(47,200)(42,300)(56,600)
Income from continuing operations:168,200148,600155,80076,700131,000154,600
Income before gain (loss) on sale of properties:168,200148,600155,80076,700131,000154,600
Net income:168,200148,600155,80076,700131,000154,600
Net income (loss) attributable to noncontrolling interest(400)700(700)(4,000)(3,000)600
Net income attributable to parent:167,800149,300155,10072,700128,000155,200
Other undisclosed net loss available to common stockholders, basic(800)(600)(600)(300)(300)(500)
Net income available to common stockholders, diluted:167,000148,700154,50072,400127,700154,700

Comprehensive Income ($ in thousands)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Net income:168,200148,600155,80076,700131,000154,600
Other comprehensive income (loss)(34,000)(2,900)(20,000)(7,200)(45,600)(49,400)
Comprehensive income:134,200145,700135,80069,50085,400105,200
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(800)700(600)(3,200)(100)300
Comprehensive income, net of tax, attributable to parent:133,400146,400135,20066,30085,300105,500

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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