Amgen Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7,711	4,090	6,717	6,552	5,893
Depreciation & Amortization	5,167	5,592	4,071	3,417	3,398
Loss (Gain) From Sale of Assets	-	-	-	567	-
Asset Writedown & Restructuring Costs	1,200	159	851	-	1,505
Loss (Gain) From Sale of Investments	-2,064	159	-1,565	1,018	33
Stock-Based Compensation	494	530	431	401	341
Other Operating Activities	-572	-1,405	-1,550	-1,501	-715
Change in Accounts Receivable	-2,676	441	-1,015	-746	-429
Change in Inventory	886	2,532	491	-742	-165
Change in Accounts Payable	428	312	-402	154	-69
Change in Income Taxes	-1,757	-1,503	-660	-418	-650
Change in Other Net Operating Assets	1,141	583	1,102	1,019	119
Operating Cash Flow	9,958	11,490	8,471	9,721	9,261
Operating Cash Flow Growth	-13.33%	35.64%	-12.86%	4.97%	-11.77%
Capital Expenditures	-1,858	-1,096	-1,112	-936	-880
Cash Acquisitions	-53	-	-26,989	-3,839	-2,529
Investment in Securities	-	-	1,673	-1,369	4,334
Other Investing Activities	-32	50	224	100	-192
Investing Cash Flow	-1,943	-1,046	-26,204	-6,044	733
Long-Term Debt Issued	-	-	27,777	6,919	4,945
Long-Term Debt Repaid	-5,683	-4,259	-2,101	-297	-4,150
Net Debt Issued (Repaid)	-5,683	-4,259	25,676	6,622	795
Repurchase of Common Stock	-	-200	-	-6,360	-4,975
Common Dividends Paid	-5,124	-4,832	-4,556	-4,196	-4,013
Other Financing Activities	-52	-124	-72	-103	-78
Financing Cash Flow	-10,859	-9,415	21,048	-4,037	-8,271
Net Cash Flow	-2,844	1,029	3,315	-360	1,723
Free Cash Flow	8,100	10,394	7,359	8,785	8,381
Free Cash Flow Growth	-22.07%	41.24%	-16.23%	4.82%	-15.25%
Free Cash Flow Margin	22.04%	31.10%	26.11%	33.37%	32.26%
Free Cash Flow Per Share	14.95	19.21	13.68	16.24	14.63
Cash Interest Paid	2,900	3,300	2,400	1,200	1,200
Cash Income Tax Paid	4,300	2,900	3,400	2,400	1,900
Levered Free Cash Flow	7,502	13,726	3,392	8,690	7,515
Unlevered Free Cash Flow	9,479	16,017	5,954	9,648	8,270
Change in Working Capital	-1,978	2,365	-484	-733	-1,194

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.