AMGEN INC

10-K & 10-Q Filings

Amgen Inc. is a biotechnology company that discovers, develops, manufactures, and delivers innovative medicines to combat some of the world's toughest diseases. The company's business strategy focuses on areas of high unmet medical need and leverages its expertise to make a significant difference for patients suffering from serious diseases. Amgen was incorporated in California in 1980 and became a Delaware corporation in 1987. It operates in one business segment: human therapeutics. Amgen's significant developments include the acquisition of Horizon Therapeutics plc in October 2023, which added first-in-class, early-in-lifecycle medicines to Amgen's rare disease portfolio. The company also has a robust pipeline of potential first-in-class medicines at all stages of development. Amgen markets its products around the world, with the United States as its largest market. Its products include Prolia, ENBREL, Otezla, XGEVA, Repatha, Nplate, KYPROLIS, Aranesp, EVENITY, Vectibix, BLINCYTO, TEPEZZA, KRYSTEXXA, and other marketed products. The company also has a significant number of patents for its products, including those for Prolia, Enbrel, Otezla, Repatha, Nplate, KYPROLIS, Aranesp, EVENITY, BLINCYTO, TEZSPIRE, Parsabiv, Aimovig, LUMAKRAS/LUMYKRAS, KRYSTEXXA, TAVNEOS, UPLIZNA, and PROCYSBI. Amgen operates in a highly competitive environment, with competition coming from both branded and biosimilar versions of its products. The company faces competition from various competitors, including AbbVie, Novartis, Lilly, Janssen, Pfizer, Takeda Pharmaceutical Company Limited, Regeneron Pharmaceuticals, Inc., and Sanofi, among others. Amgen's website is www.amgen.com, and its ticker symbol is AMGN.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$15582.00
17265.00
18676.00
20063.00
21662.00
22991.00
22849.00
23747.00
23362.00
25424.00
25979.00
26323.00
28190.00
6105.00
7447.00
5.06%21.98%Cost of Revenue (-)
$
3346.00
4422.00
4227.00
4162.00
4069.00
4101.00
4356.00
6159.00
6454.00
6406.00
8451.00
1720.00
3200.00
86.05%Gross Profit (+)
$
15330.00
15641.00
17435.00
18829.00
18780.00
19646.00
19006.00
19265.00
19525.00
19917.00
19739.00
4385.00
4247.00
-3.15%Selling, General & Administrative (-)
$4486.00
4801.00
5184.00
4699.00
4846.00
5062.00
4870.00
5332.00
5150.00
5730.00
5368.00
5414.00
6179.00
1258.00
1808.00
2.70%43.72%Research & Development (-)
$3167.00
3380.00
4083.00
4297.00
4070.00
3840.00
3562.00
3737.00
4116.00
4207.00
6324.00
4434.00
4784.00
1058.00
1343.00
3.50%26.94%Operating Expenses (-)
$8549.00
8476.00
9463.00
9450.00
8965.00
9035.00
8807.00
9383.00
9332.00
10126.00
11886.00
10351.00
11842.00
2464.00
3256.00
2.75%32.14%Costs & Expenses (Total) (-)
$11270.00
11688.00
12809.00
13872.00
13192.00
13197.00
12876.00
13484.00
13688.00
16285.00
18340.00
16757.00
20293.00
4184.00
6456.00
5.02%54.30%Operating Income/Loss (+)
$4312.00
5577.00
5867.00
6191.00
8470.00
9794.00
9973.00
10263.00
9674.00
9139.00
7639.00
9566.00
7897.00
1921.00
991.00
5.17%-48.41%Non-operating Income/Expense (+)
$448.00
485.00
420.00
465.00
603.00
629.00
928.00
674.00
753.00
256.00
259.00
-814.00
2833.00
2064.00
-235.00
16.61%-111.39%Interest Expense (-)
$610.00
1053.00
1022.00
1071.00
1095.00
1260.00
1300.00
1392.00
1289.00
1262.00
1197.00
1406.00
2875.00
543.00
824.00
13.79%51.75%Earnings before Tax (+)
$4150.00
5009.00
5265.00
5585.00
7978.00
9163.00
9597.00
9545.00
9138.00
8133.00
6701.00
7346.00
7855.00
3442.00
-68.00
5.46%-101.98%Tax Expense (-)
$467.00
664.00
184.00
427.00
1039.00
1441.00
7618.00
1151.00
1296.00
869.00
808.00
794.00
1138.00
601.00
45.00
7.70%-92.51%Income/Loss (Continuing Operations) (+)
$3683.00
4345.00
5081.00
5158.00
6939.00
7722.00
1979.00
8394.00
7842.00
7264.00
5893.00
6552.00
6717.00
2841.00
-113.00
5.14%-103.98%Net Income/Loss (+)
$3683.00
4345.00
5081.00
5158.00
6939.00
7722.00
1979.00
8394.00
7842.00
7264.00
5893.00
6552.00
6717.00
2841.00
-113.00
5.14%-103.98%Net Income/Loss (Common) (+)
$3683.00
4345.00
5081.00
5158.00
6939.00
7722.00
1979.00
8394.00
7842.00
7264.00
5893.00
6552.00
6717.00
2841.00
-113.00
5.14%-103.98%EPS (Basic)
$4.07
5.61
6.75
6.80
9.15
10.32
2.71
12.70
12.96
12.40
10.34
12.18
12.56
5.32
-0.21
9.85%-103.95%EPS (Diluted)
$4.04
5.52
6.64
6.70
9.06
10.24
2.69
12.62
12.88
12.31
10.28
12.11
12.49
5.28
-0.21
9.86%-103.98%Weighted Avg Shares (Basic)
905.00
775.00
753.00
759.00
758.00
748.00
731.00
661.00
605.00
586.00
570.00
538.00
535.00
534.00
536.00
-4.29%0.37%Weighted Avg Shares (Diluted)
912.00
787.00
765.00
770.00
766.00
754.00
735.00
665.00
609.00
590.00
573.00
541.00
538.00
538.00
536.00
-4.30%-0.37%Cash
$6946.00
3257.00
3805.00
3731.00
4144.00
3241.00
3800.00
6945.00
6037.00
6266.00
7989.00
7629.00
10944.00
31560.00
9708.00
3.86%-69.24%Short-term Investments
$13695.00
20804.00
15596.00
23295.00
27238.00
34844.00
37878.00
22359.00
2874.00
4381.00
48.00
1676.00
1.00
Receivables
$2896.00
2518.00
2697.00
2546.00
2995.00
3165.00
3237.00
3580.00
4057.00
4525.00
4895.00
5563.00
7268.00
5736.00
6776.00
7.97%18.13%Inventory
$2484.00
2744.00
3019.00
2647.00
2435.00
2745.00
2834.00
2940.00
3584.00
3893.00
4086.00
4930.00
9518.00
5011.00
8724.00
11.84%74.10%Other Assets (Current)
$1572.00
1886.00
2250.00
2494.00
1706.00
2015.00
1727.00
1794.00
1888.00
2079.00
2367.00
2388.00
2602.00
2395.00
2821.00
4.29%17.79%Assets (Current)
$27593.00
31209.00
27367.00
34713.00
38518.00
46010.00
49476.00
37618.00
18440.00
21144.00
19385.00
22186.00
30332.00
44703.00
28029.00
0.79%-37.30%Securities & Long-term Investments
$
3412.00
Property, Plant & Equipment (Net)
$5420.00
5326.00
5349.00
5223.00
4907.00
4961.00
4989.00
4958.00
4928.00
4889.00
5184.00
5427.00
5941.00
5460.00
6002.00
0.77%9.93%Goodwill & Intangibles
$14334.00
16630.00
28230.00
27481.00
26428.00
25030.00
23370.00
22142.00
34116.00
31276.00
30072.00
31609.00
51270.00
15531.00
49942.00
11.21%221.56%Other Assets
$1524.00
1133.00
1767.00
1592.00
1723.00
1625.00
2119.00
1698.00
2223.00
5639.00
6524.00
5899.00
9611.00
23026.00
9007.00
16.59%-60.88%Assets (Non-current)
$21278.00
23089.00
38758.00
34296.00
33058.00
31616.00
30478.00
28798.00
41267.00
41804.00
41780.00
42935.00
66822.00
44017.00
64951.00
10.01%47.56%Assets (Total)
$48871.00
54298.00
66125.00
69009.00
71576.00
77626.00
79954.00
66416.00
59707.00
62948.00
61165.00
65121.00
97154.00
88720.00
92980.00
5.89%4.80%Accounts Payable
$5670.00
5696.00
5442.00
6508.00
6417.00
6801.00
7868.00
9069.00
9882.00
11562.00
12097.00
14096.00
16949.00
13381.00
15755.00
9.55%17.74%Debt (Current)
$84.00
2495.00
2505.00
500.00
2250.00
4403.00
1152.00
4419.00
2953.00
91.00
87.00
1591.00
1443.00
834.00
3959.00
26.74%374.70%Liabilities (Current)
$5754.00
8191.00
7947.00
7008.00
8667.00
11204.00
9020.00
13488.00
12835.00
11653.00
12184.00
15687.00
18392.00
14215.00
19714.00
10.17%38.68%Debt (Non-current)
$21344.00
24034.00
29623.00
30215.00
29306.00
30193.00
34190.00
29510.00
26950.00
32895.00
33222.00
37354.00
63170.00
60761.00
60061.00
9.46%-1.15%Other Liabilities
$2744.00
3013.00
6459.00
6008.00
5520.00
6354.00
11503.00
10918.00
10249.00
8991.00
9059.00
8419.00
9360.00
8396.00
8183.00
10.77%-2.54%Liabilities (Non-current)
$24088.00
27047.00
36082.00
36223.00
34826.00
36547.00
45693.00
40428.00
37199.00
41886.00
42281.00
45773.00
72530.00
69157.00
68244.00
9.62%-1.32%Liabilities (Total)
$29842.00
35238.00
44029.00
43231.00
43493.00
47751.00
54713.00
53916.00
50034.00
53539.00
54465.00
61460.00
90922.00
83372.00
87958.00
9.73%5.50%Retained Earnings
$-8919.00
-10423.00
-7634.00
-4624.00
-2086.00
-438.00
-5072.00
-17977.00
-21330.00
-21408.00
-24600.00
-28622.00
-26549.00
-26919.00
-27870.00
-3.53%AOCI
$171.00
146.00
-161.00
-8.00
-480.00
-471.00
-679.00
-769.00
-528.00
-985.00
-796.00
-231.00
-289.00
-268.00
-190.00
29.10%Shareholder's Equity
$19029.00
19060.00
22096.00
25778.00
28083.00
29875.00
25241.00
12500.00
9673.00
9409.00
6700.00
3661.00
6232.00
5348.00
5022.00
-8.88%-6.10%Liabilities & Equity
$48871.00
54298.00
66125.00
69009.00
71576.00
77626.00
79954.00
66416.00
59707.00
62948.00
61165.00
65121.00
97154.00
88720.00
92980.00
5.89%4.80%Net Income/Loss
$3683.00
4345.00
5081.00
5158.00
6939.00
7722.00
1979.00
8394.00
7842.00
7264.00
5893.00
6552.00
6717.00
2841.00
-113.00
5.14%-103.98%Depreciation & Amortization
$1060.00
1088.00
1286.00
2092.00
2108.00
2105.00
1955.00
1946.00
2206.00
3601.00
3398.00
3417.00
4071.00
900.00
1399.00
11.87%55.44%Increase/Decrease in Working Capital
$34.00
17.00
1102.00
-1546.00
-107.00
-184.00
-6580.00
-622.00
731.00
216.00
1194.00
733.00
484.00
754.00
692.00
24.77%-8.22%Share-based Compensation
$341.00
362.00
403.00
408.00
322.00
311.00
329.00
311.00
308.00
330.00
341.00
401.00
431.00
103.00
1.97%Adjustments to Reconcile Net Income
$1436.00
1537.00
1210.00
3397.00
2138.00
2632.00
9198.00
2902.00
1308.00
3233.00
3368.00
3169.00
1754.00
-1777.00
802.00
1.68%145.13%Net Cash (Operating)
$5119.00
5882.00
6291.00
8555.00
9077.00
10354.00
11177.00
11296.00
9150.00
10497.00
9261.00
9721.00
8471.00
1064.00
689.00
4.29%-35.24%Capital Expenditure
$1268.00
3079.00
10127.00
1168.00
734.00
759.00
672.00
543.00
14235.00
3827.00
3566.00
4663.00
28101.00
344.00
230.00
29.46%-33.14%Net Cash (Investing)
$-786.00
-9990.00
-8469.00
-5752.00
-5547.00
-8658.00
-4024.00
14339.00
5709.00
-5401.00
733.00
-6044.00
-26204.00
1358.00
-217.00
-115.98%Increase/Decrease in Debt
$7887.00
4810.00
4683.00
-1129.00
1065.00
3593.00
71.00
-1121.00
-4514.00
2464.00
795.00
6919.00
26323.00
23094.00
10.57%Increase/Decrease in Equity
$-8315.00
-3319.00
-536.00
48.00
-1785.00
-2910.00
-3160.00
-17794.00
-7702.00
-3486.00
-4975.00
-6360.00
Dividends Paid
$500.00
1118.00
1415.00
1851.00
2396.00
2998.00
3365.00
3507.00
3509.00
3755.00
4013.00
4196.00
4556.00
1137.00
1208.00
20.22%6.24%Net Cash (Financing)
$-674.00
419.00
2726.00
-2877.00
-3117.00
-2599.00
-6594.00
-22490.00
-15767.00
-4867.00
-8271.00
-4037.00
21048.00
21509.00
-1708.00
-107.94%Increase/Decrease in Cash
$3659.00
-3689.00
548.00
-74.00
413.00
-903.00
559.00
3145.00
-908.00
229.00
1723.00
-360.00
3315.00
23931.00
-1236.00
-0.82%-105.16%Cash (Beginning)
$3287.00
6946.00
3257.00
3805.00
3731.00
4144.00
3241.00
3800.00
6945.00
6037.00
6266.00
7989.00
7629.00
7629.00
10944.00
7.27%43.45%Cash (Ending)
$6946.00
3257.00
3805.00
3731.00
4144.00
3241.00
3800.00
6945.00
6037.00
6266.00
7989.00
7629.00
10944.00
31560.00
9708.00
3.86%-69.24%NOPAT
$3826.77
4837.71
5661.96
5717.67
7366.93
8253.77
2056.54
9025.42
8301.98
8162.51
6717.90
8532.05
6752.92
1585.58
335.19
4.85%-78.86%Gross Margin %
82.08%
77.96%
80.49%
81.90%
82.19%
82.73%
81.35%
75.77%
75.16%
75.66%
70.02%
71.83%
57.03%
Operating Margin %
27.67%
32.30%
31.41%
30.86%
39.10%
42.60%
43.65%
43.22%
41.41%
35.95%
29.40%
36.34%
28.01%
31.47%
13.31%
NOPAT Margin %
24.56%
28.02%
30.32%
28.50%
34.01%
35.90%
9.00%
38.01%
35.54%
32.11%
25.86%
32.41%
23.96%
25.97%
4.50%
Net Margin %
23.64%
25.17%
27.21%
25.71%
32.03%
33.59%
8.66%
35.35%
33.57%
28.57%
22.68%
24.89%
23.83%
46.54%
-1.52%
Tax Rate %
11.25%
13.26%
3.49%
7.65%
13.02%
15.73%
79.38%
12.06%
14.18%
10.68%
12.06%
10.81%
14.49%
17.46%
66.18%
ROA
7.83%
8.91%
8.56%
8.29%
10.29%
10.63%
2.57%
13.59%
13.90%
12.97%
10.98%
13.10%
6.95%
1.79%
0.36%
ROE
20.11%
25.38%
25.62%
22.18%
26.23%
27.63%
8.15%
72.20%
85.83%
86.75%
100.27%
233.05%
108.36%
29.65%
6.67%
ROIC
18.20%
20.81%
15.85%
17.12%
22.66%
26.29%
7.13%
33.52%
21.21%
22.95%
19.34%
23.66%
11.28%
8.36%
0.59%
Asset Turnover
0.32
0.32
0.28
0.29
0.30
0.30
0.29
0.36
0.39
0.40
0.42
0.40
0.29
0.07
0.08
Inventory Turnover
1.11
1.67
1.74
1.52
1.44
1.39
1.22
1.58
1.58
1.30
0.89
0.34
0.37
Equity Multiplier
2.57
2.85
2.99
2.68
2.55
2.60
3.17
5.31
6.17
6.69
9.13
17.79
15.59
16.59
18.51
Current Ratio
4.80
3.81
3.44
4.95
4.44
4.11
5.49
2.79
1.44
1.81
1.59
1.41
1.65
3.14
1.42
Quick Ratio
4.09
3.24
2.78
4.22
3.97
3.68
4.98
2.44
1.01
1.30
1.06
0.95
0.99
2.62
0.84
Debt/Equity Ratio
1.13
1.39
1.45
1.19
1.12
1.16
1.40
2.71
3.09
3.51
4.97
10.64
10.37
11.52
12.75
Working Capital/Sales
0.08
0.07
0.11
0.03
0.05
0.06
0.02
-0.01
0.00
-0.02
-0.02
-0.04
0.09
-0.33
0.07
R&D/Sales
0.20
0.20
0.22
0.21
0.19
0.17
0.16
0.16
0.18
0.17
0.24
0.17
0.17
0.17
0.18
Dividend Payout Ratio %
13.07%
23.11%
24.99%
32.37%
32.52%
36.32%
163.62%
38.86%
42.27%
46.00%
59.74%
49.18%
67.47%
71.71%
360.39%
Total Payout
$928.00
-373.00
-2732.00
2932.00
3116.00
2315.00
6454.00
22422.00
15725.00
4777.00
8193.00
3637.00
-21767.00
-21957.00
1208.00
105.50%Payout Ratio %
24.25%
-7.71%
-48.25%
51.28%
42.30%
28.05%
313.83%
248.43%
189.41%
58.52%
121.96%
42.63%
-322.33%
-1384.79%
360.39%