Mead Johnson Nutrition Co (MJN) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7951,7011,2981,0511,042
Cash and cash equivalents1,7951,7011,2981,0511,042
Receivables369343388384365
Inventory, net of allowances, customer advances and progress billings474485556535436
Inventory474485556535436
Income taxes receivable1626
Deferred tax assets  867586
Other undisclosed current assets6974925761
Total current assets:2,7072,6022,4182,1182,015
Noncurrent Assets
Property, plant and equipment949964913868690
Intangible assets, net (including goodwill)155181238294401
Goodwill109126163197271
Intangible assets, net (excluding goodwill)46557598130
Other noncurrent assets135132143157
Prepaid expense and other noncurrent assets128
Deferred tax assets, net611953229
Other undisclosed noncurrent assets137 121516
Total noncurrent assets:1,3811,3961,3581,3561,243
TOTAL ASSETS:4,0883,9983,7773,4743,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities787772793787729
Accounts payable516482512567509
Accrued liabilities195213204220220
Interest and dividends payable767877  
Debt434508187
Deferred revenue and credits1236344736
Other undisclosed current liabilities441443376440418
Total current liabilities:1,2441,2531,2071,7811,370
Noncurrent Liabilities
Long-term debt and lease obligation2,976 1,5041,0091,523
Long-term debt, excluding current maturities2,976 1,5041,0091,523
Liabilities, other than long-term debt339364423337303
Pension and other postretirement defined benefit plans, liabilities162189
Asset retirement obligations 7743
Deferred tax liabilities, net69121516
Liability, pension and other postretirement and postemployment benefits104132211
Other liabilities22921519315695
Other undisclosed noncurrent liabilities 2,974(7)(4)(3)
Total noncurrent liabilities:3,3163,3371,9201,3431,823
Total liabilities:4,5604,5913,1273,1243,193
Temporary equity, carrying amount  665036
Stockholders' equity
Stockholders' equity attributable to parent, including:(513)(632)57429219
Common stock22222
Treasury stock, value(363)(363)(363)(352)(245)
Additional paid in capital(514)(564)(641) (677)
Accumulated other comprehensive loss(411)(348)(199)(204)(187)
Retained earnings7736401,7751,4701,125
Other undisclosed stockholders' equity attributable to parent   (625) 
Stockholders' equity attributable to noncontrolling interest414010910
Total stockholders' equity:(472)(593)58430129
TOTAL LIABILITIES AND EQUITY:4,0883,9983,7773,4743,258

Income statement (P&L) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
3,7434,0714,4094,2013,901
Cost of revenue
(Cost of Goods and Services Sold)
(1,341)(1,455)(1,819)(1,652)(1,601)
Other undisclosed gross profit  118119116
Gross profit:2,4022,6162,7092,6682,416
Operating expenses(864)(1,020)(1,108)(1,047)(994)
Other operating expense, net(92)    
Operating income:1,4461,5961,6011,6211,422
Nonoperating income1341239
Investment income, nonoperating131010912
Foreign currency transaction gain (loss), before tax (6)(1)(9)3
Other nonoperating income (expense) 133(6)
Interest and debt expense(119)(75)(70)(59)(71)
Income from continuing operations before equity method investments, income taxes:1,3401,5251,5431,5651,360
Other undisclosed loss from continuing operations before income taxes(627)(654)(615)(691)(555)
Income from continuing operations before income taxes:713871928874805
Income tax expense(164)(216)(199)(219)(193)
Net income:549655729655612
Net loss attributable to noncontrolling interest(4)(2)(9)(5)(8)
Net income attributable to parent:545654720650605
Other undisclosed net loss available to common stockholders, basic(2)(2)(1)(1)(1)
Net income available to common stockholders, diluted:543652719648603

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:549655729655612
Other comprehensive loss(64)(142)(137)(29)(54)
Comprehensive income:485513592626559
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(9)(2)(7)8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   14(16)
Comprehensive income, net of tax, attributable to parent:481504590633551

Statements sources

The financial statements are based on the company's filings with the 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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