Merck KGaA Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,251	2,517	1,982	1,854	1,899	1,355
Short-Term Investments	673	558	398	203	100	6
Trading Asset Securities	-	-	33	42	12	7
Cash & Short-Term Investments	2,924	3,075	2,413	2,099	2,011	1,368
Cash Growth	-24.25%	27.43%	14.96%	4.38%	47.00%	68.89%
Accounts Receivable	4,336	3,954	3,976	4,134	3,724	3,221
Other Receivables	358	945	928	900	1,048	1,057
Receivables	4,694	4,900	4,905	5,034	4,772	4,278
Inventory	4,510	4,484	4,637	4,632	3,900	3,294
Prepaid Expenses	-	169	182	210	142	151
Other Current Assets	748	822	256	226	157	189
Total Current Assets	12,876	13,450	12,393	12,201	10,982	9,280
Property, Plant & Equipment	9,776	10,025	9,056	8,204	7,217	6,421
Long-Term Investments	988	964	808	675	615	539
Goodwill	20,055	19,152	17,845	18,389	17,004	15,959
Other Intangible Assets	5,579	6,280	6,551	7,335	7,612	7,653
Long-Term Deferred Tax Assets	1,501	1,312	1,514	1,310	1,502	1,543
Other Long-Term Assets	152	381	324	417	426	394
Total Assets	50,927	51,567	48,495	48,535	45,362	41,796
Accounts Payable	1,928	1,502	1,770	1,596	1,542	1,095
Accrued Expenses	74	1,633	1,446	1,635	1,545	1,263
Short-Term Debt	-	-	-	-	896	1,017
Current Portion of Long-Term Debt	1,651	3,167	580	1,103	1,518	1,228
Current Portion of Leases	-	137	122	125	117	112
Current Income Taxes Payable	1,642	1,527	1,433	1,483	1,421	1,460
Current Unearned Revenue	-	203	163	282	198	304
Other Current Liabilities	3,342	3,125	3,185	3,290	3,195	2,752
Total Current Liabilities	8,637	11,294	8,699	9,514	10,432	9,231
Long-Term Debt	9,808	6,372	8,846	8,834	7,928	9,458
Long-Term Leases	645	625	393	366	342	327
Long-Term Unearned Revenue	-	3	3	3	3	47
Pension & Post-Retirement Benefits	1,718	1,956	2,192	2,030	3,402	3,880
Long-Term Deferred Tax Liabilities	703	892	1,130	1,287	1,411	1,441
Other Long-Term Liabilities	416	438	477	496	428	395
Total Liabilities	21,927	21,580	21,740	22,530	23,946	24,779
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	24,198	22,419	20,634	18,811	16,610	14,452
Comprehensive Income & Other	359	3,114	1,667	2,737	349	-1,885
Total Common Equity	28,936	29,912	26,680	25,927	21,338	16,946
Minority Interest	64	75	75	78	78	71
Shareholders' Equity	29,000	29,987	26,755	26,005	21,416	17,017
Total Liabilities & Equity	50,927	51,567	48,495	48,535	45,362	41,796
Total Debt	12,104	10,301	9,941	10,428	10,801	12,142
Net Cash (Debt)	-9,180	-7,226	-7,528	-8,329	-8,790	-10,774
Net Cash Per Share	-21.11	-16.62	-17.31	-19.16	-20.22	-24.78
Filing Date Shares Outstanding	435.75	434.78	434.78	434.78	434.78	434.78
Total Common Shares Outstanding	435.75	434.78	434.78	434.78	434.78	434.78
Working Capital	4,239	2,156	3,694	2,687	550	49
Book Value Per Share	66.41	68.80	61.36	59.63	49.08	38.98
Tangible Book Value	3,302	4,480	2,284	203	-3,278	-6,666
Tangible Book Value Per Share	7.58	10.30	5.25	0.47	-7.54	-15.33
Land	-	7,480	6,326	5,976	5,464	4,969
Machinery	-	7,078	6,626	6,228	5,687	5,246
Construction In Progress	-	2,500	3,045	2,429	1,905	1,365

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.