AMGN
$403.04-1.04%
as of close, Oct 2, 2026
☾ AH $403.04 -1.04%
AMGN financial statements
The full income statement, balance sheet, and cash-flow statement for Amgen Inc. (AMGN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 537.3M2024-09 537.5M2024-12 537.2M2025-03 537.7M2025-06 538.4M2025-09 538.5M2025-12 539.1M2026-03 539.7M2026-06 540.6M+0.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 36.8B+10.0% | 33.4B+18.6% | 28.2B+7.1% | 26.3B+1.3% | 26.0B+2.2% | |
| Cost of revenue | 12.0B-6.4% | 12.9B+52.1% | 8.45B+31.9% | 6.41B-0.7% | 6.45B+4.8% | |
| Research & development | 7.27B+21.9% | 5.96B+24.7% | 4.78B+7.9% | 4.43B-8.0% | 4.82B+14.5% | |
| Selling, general & administrative | 7.05B-0.6% | 7.10B+14.8% | 6.18B+14.1% | 5.41B+0.9% | 5.37B-6.3% | |
| Restructuring | — | — | 267M | — | — | |
| Amortization of intangibles | 4.30B-10.4% | 4.80B+50.0% | 3.20B+23.1% | 2.60B+0.0% | 2.60B-7.1% | |
| Operating income | 9.08B+25.1% | 7.26B-8.1% | 7.90B-17.4% | 9.57B+25.2% | 7.64B-16.4% | |
| Interest expense | 2.75B-12.7% | 3.15B+9.7% | 2.88B+104.5% | 1.41B+17.5% | 1.20B-5.2% | |
| Interest & investment income | 408M-20.0% | 510M-57.5% | 1.20B+844.9% | 127M+1054.5% | 11.0M | |
| Other non-operating income | 2.65B+423.9% | 506M-82.1% | 2.83B+448.0% | -814M-414.3% | 259M+1.2% | |
| Equity-method income | — | 10.0M+190.9% | -11.0M+98.8% | -891M-2600.0% | -33.0M+49.2% | |
| Gain (loss) on equity securities | 109M+619.0% | -21.0M-121.4% | 98.0M+159.4% | -165M-202.5% | 161M-7.5% | |
| Pre-tax income | 8.98B+94.7% | 4.61B-41.3% | 7.86B+6.9% | 7.35B+9.6% | 6.70B-17.6% | |
| Income tax | 1.26B+143.7% | 519M-54.4% | 1.14B+43.3% | 794M-1.7% | 808M-7.0% | |
| Net income | 7.71B+88.5% | 4.09B-39.1% | 6.72B+2.5% | 6.55B+11.2% | 5.89B-18.9% | |
| $14.23+88.2% | $7.56-39.5% | $12.49+3.1% | $12.11+17.8% | $10.28-16.5% | ||
| EPS (basic) | $14.33+88.1% | $7.62-39.3% | $12.56+3.1% | $12.18+17.8% | $10.34-16.6% | |
| Weighted-avg shares (basic) | 538M+0.2% | 537M+0.4% | 535M-0.6% | 538M-5.6% | 570M-2.7% | |
| Weighted-avg shares (diluted) | 542M+0.2% | 541M+0.6% | 538M-0.6% | 541M-5.6% | 573M-2.9% | |
| Dividends per share | $9.66+5.8% | $9.13+5.7% | $8.64+8.7% | $7.95+10.1% | $7.22+10.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 29.1B+0.1% | 29.0B-4.3% | 30.3B+36.7% | 22.2B+14.4% | 19.4B-8.3% | ||
| Cash & equivalents | 9.13B-23.8% | 12.0B+9.4% | 10.9B+43.5% | 7.63B-4.5% | 7.99B+27.5% | |
| Accounts receivable | 9.57B+41.1% | 6.78B-6.7% | 7.27B+30.6% | 5.56B+13.6% | 4.89B+8.2% | |
| Inventory | 6.22B-11.0% | 7.00B-26.5% | 9.52B+93.1% | 4.93B+20.7% | 4.09B+5.0% | |
| Other current assets | 4.13B+26.1% | 3.28B+25.9% | 2.60B+9.0% | 2.39B+0.9% | 2.37B+13.9% | |
| 90.6B-1.4% | 91.8B-5.5% | 97.2B+49.2% | 65.1B+6.5% | 61.2B-2.8% | ||
| Property, plant & equipment | 7.91B+20.9% | 6.54B+10.1% | 5.94B+9.5% | 5.43B+4.7% | 5.18B+6.0% | |
| Operating lease right-of-use | 602M+8.1% | 557M-14.4% | 651M+12.4% | 579M+2.3% | 566M+38.7% | |
| Goodwill | 18.7B+0.2% | 18.6B+0.0% | 18.6B+20.0% | 15.5B+4.3% | 14.9B+1.4% | |
| Intangible assets | 22.3B-19.6% | 27.7B-15.1% | 32.6B+103.0% | 16.1B+5.9% | 15.2B-8.5% | |
| Other non-current assets | 12.7B+27.5% | 9.93B+3.3% | 9.61B+62.9% | 5.90B-9.6% | 6.52B+15.7% | |
| 25.5B+10.3% | 23.1B+25.6% | 18.4B+17.2% | 15.7B+28.8% | 12.2B+4.6% | ||
| Accounts payable | 2.37B+24.1% | 1.91B+20.0% | 1.59B+1.1% | 1.57B+15.1% | 1.37B-3.9% | |
| Accrued liabilities | 18.5B+5.0% | 17.6B+14.9% | 15.4B+22.6% | 12.5B+16.7% | 10.7B+5.8% | |
| Short-term & current debt | 4.60B+29.5% | 3.55B+146.0% | 1.44B-9.3% | 1.59B+1728.7% | 87.0M-4.4% | |
| Current lease liability | 135M+26.2% | 107M-10.1% | 119M-23.7% | 156M+7.6% | 145M-5.2% | |
| Long-term debt | 50.0B-11.6% | 56.5B-10.5% | 63.2B+69.1% | 37.4B+12.4% | 33.2B+1.0% | |
| Non-current lease liability | 696M+3.4% | 673M-2.6% | 691M+28.2% | 539M+2.7% | 525M+71.6% | |
| Operating lease liability (total) | 831M+6.5% | 780M-3.7% | 810M+16.5% | 695M+3.7% | 670M+46.0% | |
| Deferred tax liabilities | 1.37B-15.5% | 1.62B-31.4% | 2.35B+21300.0% | 11.0M | — | |
| Other non-current liabilities | 2.38B+1.2% | 2.35B+1.0% | 2.33B-12.3% | 2.65B+7.5% | 2.46B+21.8% | |
| 8.66B+47.3% | 5.88B-5.7% | 6.23B+70.2% | 3.66B-45.4% | 6.70B-28.8% | ||
| Retained earnings | -25.1B+9.0% | -27.6B-3.9% | -26.5B+7.2% | -28.6B-16.3% | -24.6B-14.9% | |
| Accumulated other comprehensive income | -258M-290.9% | -66.0M+77.2% | -289M-25.1% | -231M+71.0% | -796M+19.2% | |
| Total liabilities & equity | 90.6B-1.4% | 91.8B-5.5% | 97.2B+49.2% | 65.1B+6.5% | 61.2B-2.8% | |
| Common shares outstanding | 539M+0.4% | 537M+0.3% | 535M+0.3% | 534M-4.4% | 558M-3.5% | |
| Shares outstanding (cover) | 539M+0.3% | 537M+0.2% | 536M+0.4% | 534M-4.1% | 557M-3.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.96B-13.3% | 11.5B+35.6% | 8.47B-12.9% | 9.72B+5.0% | 9.26B-11.8% | ||
| Depreciation & amortization | 5.17B-7.6% | 5.59B+37.4% | 4.07B+19.1% | 3.42B+0.6% | 3.40B-5.6% | |
| Intangible amortization | 4.30B-10.4% | 4.80B+50.0% | 3.20B+23.1% | 2.60B+0.0% | 2.60B-7.1% | |
| Share-based compensation | 494M-6.8% | 530M+23.0% | 431M+7.5% | 401M+17.6% | 341M+3.3% | |
| Deferred income taxes | -700M+43.5% | -1.24B-1.9% | -1.22B+4.7% | -1.27B-193.8% | -434M-19.6% | |
| Change in receivables | 2.68B+706.8% | -441M-143.4% | 1.01B+36.1% | 746M+73.9% | 429M+0.5% | |
| Change in inventory | -886M+65.0% | -2.53B-415.7% | -491M-166.2% | 742M+349.7% | 165M-23.3% | |
| Change in payables | 428M+37.2% | 312M+177.6% | -402M-361.0% | 154M+323.2% | -69.0M-253.3% | |
| -1.94B-85.8% | -1.05B+96.0% | -26.2B-333.6% | -6.04B-924.6% | 733M+113.6% | ||
| Capital expenditure | 1.86B+69.5% | 1.10B-1.4% | 1.11B+18.8% | 936M+6.4% | 880M+44.7% | |
| Free cash flow | 8.10B-22.1% | 10.4B+41.2% | 7.36B-16.2% | 8.79B+4.8% | 8.38B-15.2% | |
| Acquisitions | 53.0M | 0.00-100.0% | 27.0B+603.0% | 3.84B+51.8% | 2.53B | |
| Sales/maturities of investments | 0.00 | 0.00-100.0% | 550M-50.9% | 1.12B-87.3% | 8.83B+101.6% | |
| Other investing activities | 32.0M+164.0% | -50.0M+77.7% | -224M-124.0% | -100M-152.1% | 192M+156.0% | |
| -10.9B-15.3% | -9.41B-144.7% | 21.0B+621.4% | -4.04B+51.2% | -8.27B-69.9% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 27.8B+301.5% | 6.92B+39.9% | 4.95B-44.5% | |
| Long-term debt repaid | 5.00B+38.9% | 3.60B+147.6% | 1.45B | 0.00-100.0% | 4.15B-35.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 200M | 0.00-100.0% | 6.36B+27.8% | 4.97B+42.7% | |
| Dividends paid | 5.12B+6.0% | 4.83B+6.1% | 4.56B+8.6% | 4.20B+4.6% | 4.01B+6.9% | |
| Other financing activities | -52.0M+58.1% | -124M-72.2% | -72.0M+30.1% | -103M-32.1% | -78.0M+13.3% | |
| Net change in cash | -2.84B-376.4% | 1.03B-69.0% | 3.31B+1020.8% | -360M-120.9% | 1.72B+652.4% | |
| Interest paid | 2.90B-12.1% | 3.30B+37.5% | 2.40B+100.0% | 1.20B+0.0% | 1.20B+0.0% | |
| Income taxes paid | 4.30B+48.3% | 2.90B-14.7% | 3.40B+41.7% | 2.40B+26.3% | 1.90B+35.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 176B+26.0% | 140B-9.2% | 154B+10.0% | 140B+11.8% | 125B-5.6% | |
| P/E | 22.9×-33.2% | 34.2×+68.0% | 20.4×-0.6% | 20.5×-3.6% | 21.3×+16.3% | |
| P/S | 4.8×+14.6% | 4.2×-27.1% | 5.7×+7.9% | 5.3×+10.3% | 4.8×-7.6% | |
| P/B | 20.4×-14.5% | 23.8×+18.3% | 20.1×-47.5% | 38.4×+105.1% | 18.7×+32.5% | |
| P/FCF | 21.8×+61.7% | 13.5×-18.0% | 16.4×+5.5% | 15.6×+4.2% | 15.0×+11.3% | |
| Earnings yield | 4.4%+49.6% | 2.9%-40.5% | 4.9%+0.6% | 4.9%+3.7% | 4.7%-14.0% | |
| FCF yield | 4.6%-38.2% | 7.4%+22.0% | 6.1%-5.2% | 6.4%-4.0% | 6.7%-10.2% | |
| Dividend yield | 3.0%-15.7% | 3.5%+16.8% | 3.0%-0.9% | 3.0%-5.7% | 3.2%+12.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AMGN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AMGN filings on SEC EDGAR → Not investment advice.