Amgen Inc. (ETR: AMG)

Amgen Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	31,143	26,910	24,801	24,297	24,240	22,204
Other Revenue	1,391	1,280	1,522	1,682	1,184	1,158
Revenue	32,534	28,190	26,323	25,979	25,424	23,362
Revenue Growth (YoY)	21.25%	7.09%	1.32%	2.18%	8.83%	-1.62%
Cost of Revenue	12,822	8,415	6,406	6,454	6,159	4,356
Gross Profit	19,712	19,775	19,917	19,525	19,265	19,006
Selling, General & Admin	7,479	6,166	5,414	5,368	5,730	5,150
Research & Development	5,745	4,755	4,434	4,819	4,207	4,116
Other Operating Expenses	-184	690	-	194	-	-
Operating Expenses	13,040	11,611	9,848	10,381	9,937	9,266
Operating Income	6,672	8,164	10,069	9,144	9,328	9,740
Interest Expense	-3,229	-2,875	-1,406	-1,197	-998	-1,289
Earnings From Equity Investments	2	-	-	-	-	-
Currency Exchange Gain (Loss)	186	42	-233	-245	323	110
Other Non Operating Income (Expenses)	-12	1,128	-180	978	-26	587
EBT Excluding Unusual Items	3,619	6,459	8,250	8,680	8,627	9,148
Merger & Restructuring Charges	-267	-267	-	-	-	-66
Gain (Loss) on Sale of Investments	1,074	1,438	-479	-474	-305	56
Gain (Loss) on Sale of Assets	-	-	-503	-	-	-
Legal Settlements	-	-	-	-	-189	-
Other Unusual Items	253	225	78	-	-	-
Pretax Income	4,679	7,855	7,346	6,701	8,133	9,138
Income Tax Expense	449	1,138	794	808	869	1,296
Net Income	4,230	6,717	6,552	5,893	7,264	7,842
Net Income to Common	4,230	6,717	6,552	5,893	7,264	7,842
Net Income Growth	-44.09%	2.52%	11.18%	-18.87%	-7.37%	-6.58%
Shares Outstanding (Basic)	537	535	538	570	586	605
Shares Outstanding (Diluted)	540	538	541	573	590	609
Shares Change (YoY)	0.42%	-0.55%	-5.58%	-2.88%	-3.12%	-8.42%
EPS (Basic)	7.88	12.56	12.18	10.34	12.40	12.96
EPS (Diluted)	7.83	12.49	12.11	10.28	12.31	12.88
EPS Growth	-44.29%	3.14%	17.80%	-16.49%	-4.43%	2.06%
Free Cash Flow	6,283	7,359	8,785	8,381	9,889	8,532
Free Cash Flow Per Share	11.63	13.68	16.24	14.63	16.76	14.01
Dividend Per Share	8.880	8.520	7.760	7.040	6.400	5.800
Dividend Growth	6.60%	9.79%	10.23%	10.00%	10.34%	9.85%
Gross Margin	60.59%	70.15%	75.66%	75.16%	75.77%	81.35%
Operating Margin	20.51%	28.96%	38.25%	35.20%	36.69%	41.69%
Profit Margin	13.00%	23.83%	24.89%	22.68%	28.57%	33.57%
Free Cash Flow Margin	19.31%	26.11%	33.37%	32.26%	38.90%	36.52%
EBITDA	12,247	12,235	13,486	12,542	12,929	11,775
EBITDA Margin	37.64%	43.40%	51.23%	48.28%	50.85%	50.40%
D&A For EBITDA	5,575	4,071	3,417	3,398	3,601	2,035
EBIT	6,672	8,164	10,069	9,144	9,328	9,740
EBIT Margin	20.51%	28.96%	38.25%	35.20%	36.69%	41.69%
Effective Tax Rate	9.60%	14.49%	10.81%	12.06%	10.68%	14.18%
Revenue as Reported	32,534	28,190	26,323	25,979	25,424	23,362
Advertising Expenses	-	647	841	843	962	789

Source: S&P Capital IQ. Standard template. Financial Sources.