Merck KGaA Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Equivalents	1,955	2,740	2,517	1,982	1,854	1,899
Short-Term Investments	1,168	597	559	398	203	100
Trading Asset Securities	-	-	-	33	42	12
Cash & Short-Term Investments	3,123	3,337	3,076	2,413	2,099	2,011
Cash Growth	98.54%	8.48%	27.48%	14.96%	4.38%	47.00%
Accounts Receivable	4,552	3,882	3,954	3,976	4,134	3,724
Other Receivables	353	888	945	928	900	1,048
Receivables	4,905	4,770	4,899	4,905	5,034	4,772
Inventory	4,886	4,562	4,484	4,637	4,632	3,900
Prepaid Expenses	-	182	169	182	210	142
Other Current Assets	855	379	822	256	226	157
Total Current Assets	13,769	13,230	13,450	12,393	12,201	10,982
Property, Plant & Equipment	10,056	9,940	10,025	9,056	8,204	7,217
Long-Term Investments	1,027	772	964	808	675	615
Goodwill	18,450	17,934	19,107	17,845	18,389	17,004
Other Intangible Assets	7,564	7,660	6,349	6,551	7,335	7,612
Long-Term Deferred Tax Assets	1,648	1,618	1,318	1,514	1,310	1,502
Other Long-Term Assets	173	369	380	324	417	426
Total Assets	52,687	51,527	51,596	48,495	48,535	45,362

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	2,068	1,422	1,502	1,770	1,596	1,542
Accrued Expenses	109	1,642	1,633	1,446	1,635	1,545
Short-Term Debt	-	-	-	-	-	896
Current Portion of Long-Term Debt	978	1,115	3,167	580	1,103	1,518
Current Portion of Leases	116	123	137	122	125	117
Current Income Taxes Payable	1,437	1,579	1,527	1,433	1,483	1,421
Current Unearned Revenue	-	216	203	163	282	198
Other Current Liabilities	3,417	2,945	3,126	3,185	3,290	3,195
Total Current Liabilities	8,125	9,042	11,295	8,699	9,514	10,432
Long-Term Debt	10,694	10,205	6,372	8,846	8,834	7,928
Long-Term Leases	514	525	625	393	366	342
Long-Term Unearned Revenue	-	2	3	3	3	3
Pension & Post-Retirement Benefits	1,582	1,553	1,956	2,192	2,030	3,402
Long-Term Deferred Tax Liabilities	986	1,134	909	1,130	1,287	1,411
Other Long-Term Liabilities	499	406	447	477	496	428
Total Liabilities	22,400	22,867	21,607	21,740	22,530	23,946

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	565	565	565	565	565	565
Additional Paid-In Capital	3,814	3,814	3,814	3,814	3,814	3,814
Retained Earnings	24,930	24,015	22,420	20,634	18,811	16,610
Comprehensive Income & Other	863	198	3,115	1,667	2,737	349
Total Common Equity	30,172	28,592	29,914	26,680	25,927	21,338
Minority Interest	115	68	75	75	78	78
Shareholders' Equity	30,287	28,660	29,989	26,755	26,005	21,416
Total Liabilities & Equity	52,687	51,527	51,596	48,495	48,535	45,362

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	12,302	11,968	10,301	9,941	10,428	10,801
Net Cash (Debt)	-9,179	-8,631	-7,225	-7,528	-8,329	-8,790
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-21.12	-19.85	-16.62	-17.31	-19.16	-20.22
Filing Date Shares Outstanding	433.63	434.78	434.78	434.78	434.78	434.78
Total Common Shares Outstanding	433.63	434.78	434.78	434.78	434.78	434.78
Working Capital	5,644	4,188	2,155	3,694	2,687	550
Book Value Per Share	69.58	65.76	68.80	61.36	59.63	49.08
Tangible Book Value	4,158	2,998	4,458	2,284	203	-3,278
Tangible Book Value Per Share	9.59	6.90	10.25	5.25	0.47	-7.54
Land	-	7,357	7,480	6,326	5,976	5,464
Machinery	-	7,397	7,078	6,626	6,228	5,687
Construction In Progress	-	2,668	2,500	3,045	2,429	1,905