AMGEN INC
Business
Amgen Inc. discovers, develops, manufactures and delivers innovative biologic and small-molecule medicines to treat serious diseases including oncology, cardiovascular, inflammation, bone health and other therapeutic areas. The company markets over 20 principal products globally, including Prolia, Repatha, Otezla, ENBREL, EVENITY, XGEVA, TEPEZZA, BLINCYTO, Nplate, TEZSPIRE, and KYPROLIS, with a robust pipeline of product candidates in Phase 1–3 development. Amgen operates in one reportable segment (human therapeutics) and distributes products primarily through pharmaceutical wholesalers in the United States and direct-to-healthcare-providers channels internationally across approximately 100 countries.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 36,751 | 33,424 | 28,190 | 26,323 | 25,979 | |
| Cost of sales | 12,037 | 12,858 | 8,451 | 6,406 | 6,454 | |
| Research and development | 7,272 | 5,964 | 4,784 | 4,434 | 4,819 | |
| Selling, general and administrative | 7,050 | 7,096 | 6,179 | 5,414 | 5,368 | |
| Other | 1,312 | 248 | 879 | 503 | 194 | |
| Total operating expenses | 27,671 | 26,166 | 20,293 | 16,757 | 18,340 | |
| Operating income | 9,080 | 7,258 | 7,897 | 9,566 | 7,639 | |
| Interest expense, net | −2,755 | −3,155 | −2,875 | −1,406 | −1,197 | |
| Other income, net | 2,651 | 506 | 2,833 | −814 | 259 | |
| Total income before income taxes | 8,976 | 4,609 | 7,855 | — | — | |
| Provision for income taxes | 1,265 | 519 | 1,138 | 794 | 808 | |
| Net income | 7,711 | 4,090 | 6,717 | 6,552 | 5,893 | |
| Basic (in usd per share) | 14.33 | 7.62 | 12.56 | 12.18 | 10.34 | |
| Diluted (in usd per share) | 14.23 | 7.56 | 12.49 | 12.11 | 10.28 | |
| Basic (in shares) | 538 | 537 | 535 | 538 | 570 | |
| Diluted (in shares) | 542 | 541 | 538 | 541 | 573 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9,129 | 11,973 | 10,944 | 7,629 | 7,989 | |
| Trade receivables, net | 9,570 | 6,782 | 7,268 | 5,563 | 4,895 | |
| Inventories | 6,225 | 6,998 | 9,518 | 4,930 | 4,086 | |
| Other current assets | 4,133 | 3,277 | 2,602 | 2,388 | 2,367 | |
| Total current assets | 29,057 | 29,030 | 30,332 | 22,186 | 19,385 | |
| Property, plant and equipment, net | 7,913 | 6,543 | 5,941 | 5,427 | 5,184 | |
| Intangible assets, net | 22,276 | 27,699 | 32,641 | 16,080 | 15,182 | |
| Goodwill | 18,680 | 18,637 | 18,629 | 15,529 | 14,890 | |
| Other noncurrent assets | 12,660 | 9,930 | 9,611 | 5,899 | 6,524 | |
| Total assets | 90,586 | 91,839 | 97,154 | 65,121 | 61,165 | |
| Accounts payable | 2,367 | 1,908 | 1,590 | 1,572 | 1,366 | |
| Accrued liabilities | 18,523 | 17,641 | 15,359 | 12,524 | 10,731 | |
| Current portion of long-term debt | 4,599 | 3,550 | 1,443 | 1,591 | 87 | |
| Total current liabilities | 25,489 | 23,099 | 18,392 | 15,687 | 12,184 | |
| Long-term debt | 50,005 | 56,549 | 63,170 | 37,354 | 33,222 | |
| Long-term deferred tax liabilities | 1,366 | 1,616 | 2,354 | 11 | — | |
| Long-term tax liabilities | 2,690 | 2,349 | 4,680 | 5,757 | 6,594 | |
| Other noncurrent liabilities | 2,378 | 2,349 | 2,326 | 2,651 | 2,465 | |
| Contingencies and commitments (see Note 20) | — | — | — | — | — | |
| Common stock and additional paid-in capital; $0.0001 par value per share; 2,750.0 shares authorized; outstanding538.8 shares in 2025 and 536.9 shares in 2024 | 34,023 | 33,533 | 33,070 | 32,514 | 32,096 | |
| Accumulated deficit | −25,107 | −27,590 | −26,549 | −28,622 | −24,600 | |
| Accumulated other comprehensive loss | −258 | −66 | −289 | −231 | −796 | |
| Total stockholders equity | 8,658 | 5,877 | 6,232 | 3,661 | 6,700 | |
| Total liabilities and stockholders equity | 90,586 | 91,839 | 97,154 | 65,121 | 61,165 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, amortization and other | 5,167 | 5,592 | 4,071 | 3,417 | 3,398 | |
| Impairment of intangible assets | 1,200 | 159 | 851 | — | — | |
| Stock-based compensation expense | 494 | 530 | 431 | 401 | 341 | |
| Deferred income taxes | −721 | −1,228 | −1,273 | −1,198 | −453 | |
| (Gains) losses on equity securities | −2,064 | 159 | −1,565 | 127 | 0 | |
| Other items, net | 149 | −177 | −277 | −303 | −262 | |
| Trade receivables, net | −2,676 | 441 | −1,015 | −746 | −429 | |
| Inventories | 886 | 2,532 | 491 | −742 | −165 | |
| Other assets | −1,267 | −652 | −564 | 258 | −237 | |
| Accounts payable | 428 | 312 | −402 | 154 | −69 | |
| Accrued income taxes, net | −2,068 | −1,011 | −1,031 | −647 | −854 | |
| Long-term tax liabilities | 311 | −492 | 371 | 229 | 204 | |
| Accrued liabilities | 499 | 92 | 953 | 97 | — | |
| Accrued sales incentives and allowance | 2,065 | 1,194 | 935 | 846 | 404 | |
| Other liabilities | −156 | −51 | −222 | −182 | −48 | |
| Net cash provided by operating activities | 9,958 | 11,490 | 8,471 | 9,721 | 9,261 | |
| Cash paid for acquisitions, net of cash acquired | −53 | 0 | −26,989 | −3,839 | −2,529 | |
| Proceeds from sales of marketable securities | 0 | 0 | 1,123 | 98 | 4,403 | |
| Proceeds from maturities of marketable securities | 0 | 0 | 550 | 1,120 | 8,831 | |
| Purchases of property, plant and equipment | −1,858 | −1,096 | −1,112 | −936 | −880 | |
| Other | −32 | 50 | 224 | 100 | −192 | |
| Net cash used in investing activities | −1,943 | −1,046 | −26,204 | −6,044 | 733 | |
| Net proceeds from issuance of debt | 0 | 0 | 27,777 | 6,919 | 4,945 | |
| Extinguishment of debt | −683 | −659 | −647 | −297 | 0 | |
| Repayment of debt | −5,000 | −3,600 | −1,454 | 0 | −4,150 | |
| Repurchases of common stock | 0 | −200 | 0 | −6,360 | −4,975 | |
| Dividends paid | −5,124 | −4,832 | −4,556 | −4,196 | −4,013 | |
| Other | −52 | −124 | −72 | −103 | −78 | |
| Net cash (used in) provided by financing activities | −10,859 | −9,415 | 21,048 | −4,037 | −8,271 | |
| (Decrease) increase in cash and cash equivalents | −2,844 | 1,029 | 3,315 | −360 | 1,723 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AMGEN INC's CIK number?
AMGEN INC's SEC CIK number is 0000318154 (318154). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AMGEN INC's SEC filings?
All of AMGEN INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AMGEN INC last report earnings?
AMGEN INC (AMGN) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000318154-26-000054). This is AMGEN INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is AMGEN INC's most recent earnings 8-K?
AMGEN INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000318154-26-000054. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AMGEN INC's latest earnings 8-K →
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