Amgen Cash Flow Statement

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

Millions USD. 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
Net Income	7,005	4,090	6,717	6,552	5,893	7,264
Depreciation & Amortization	5,432	5,592	4,071	3,417	3,398	3,601
Loss (Gain) From Sale of Assets	-	-	-	567	-	-
Asset Writedown & Restructuring Costs	1,071	-	-	-	1,505	-
Loss (Gain) From Sale of Investments	-1,846	149	-1,554	1,018	33	65
Stock-Based Compensation	503	530	431	401	341	330
Other Operating Activities	-1,006	-1,236	-710	-1,501	-715	-547
Change in Accounts Receivable	-1,128	441	-1,015	-746	-429	-427
Change in Inventory	1,090	2,532	491	-742	-165	-215
Change in Accounts Payable	680	312	-402	154	-69	45
Change in Income Taxes	-1,345	-1,503	-660	-418	-650	-731
Change in Other Net Operating Assets	2,670	583	1,102	1,019	119	1,112
Operating Cash Flow	13,126	11,490	8,471	9,721	9,261	10,497
Operating Cash Flow Growth	80.87%	35.64%	-12.86%	4.97%	-11.77%	14.72%
Capital Expenditures	-1,587	-1,096	-1,112	-936	-880	-608
Cash Acquisitions	-	-	-26,989	-3,839	-2,529	-
Investment in Securities	-	-	1,672	-1,369	4,334	-4,718
Other Investing Activities	-65	50	225	100	-192	-75
Investing Cash Flow	-1,652	-1,046	-26,204	-6,044	733	-5,401
Long-Term Debt Issued	-	-	27,777	6,919	4,945	8,914
Long-Term Debt Repaid	-	-4,259	-2,101	-297	-4,150	-6,450
Net Debt Issued (Repaid)	-5,683	-4,259	25,676	6,622	795	2,464
Repurchase of Common Stock	-200	-200	-	-6,360	-4,975	-3,486
Common Dividends Paid	-5,046	-4,832	-4,556	-4,196	-4,013	-3,755
Other Financing Activities	-111	-124	-72	-103	-78	-90
Financing Cash Flow	-11,040	-9,415	21,048	-4,037	-8,271	-4,867
Net Cash Flow	434	1,029	3,315	-360	1,723	229
Free Cash Flow	11,539	10,394	7,359	8,785	8,381	9,889
Free Cash Flow Growth	83.65%	41.24%	-16.23%	4.82%	-15.25%	15.90%
Free Cash Flow Margin	32.08%	31.10%	26.11%	33.37%	32.26%	38.90%
Free Cash Flow Per Share	21.30	19.21	13.68	16.24	14.63	16.76
Cash Interest Paid	3,300	3,300	2,400	1,200	1,200	1,200
Cash Income Tax Paid	2,900	2,900	3,400	2,400	1,900	1,400
Levered Free Cash Flow	11,409	13,726	3,304	8,690	7,515	9,228
Unlevered Free Cash Flow	13,508	16,017	5,851	9,648	8,270	9,852
Change in Working Capital	1,967	2,365	-484	-733	-1,194	-216

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