Merck & Co., Inc. (LON:MRK)
London · Delayed Price · Currency is GBP · Price in GBX 46.50
0.00 (0.00%)
Jan 30, 2026, 8:04 AM GMT
Merck & Co. 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 | 19,034 | 17,117 | 365 | 14,519 | 13,049 | 7,067 |
Depreciation & Amortization | 4,334 | 4,245 | 3,732 | 3,789 | 3,123 | 3,218 |
Asset Writedown & Restructuring Costs | 274 | 293 | 932 | 1,869 | 393 | 1,986 |
Loss (Gain) on Equity Investments | -14 | -14 | -340 | 1,419 | -1,940 | -1,338 |
Stock-Based Compensation | 802 | 761 | 645 | 541 | 479 | 441 |
Other Operating Activities | -459 | 2,733 | 9,877 | -260 | 1,857 | 844 |
Change in Accounts Receivable | -244 | -244 | -1,148 | -644 | -2,033 | -1,002 |
Change in Inventory | -835 | -835 | -816 | -161 | -674 | -895 |
Change in Accounts Payable | 182 | 182 | -380 | -289 | 405 | 684 |
Change in Income Taxes | 1,023 | 1,023 | 214 | 380 | -540 | 814 |
Change in Other Net Operating Assets | -6,638 | -3,793 | -75 | -2,068 | -997 | -4,202 |
Operating Cash Flow | 17,065 | 21,468 | 13,006 | 19,095 | 14,109 | 10,241 |
Operating Cash Flow Growth | -6.57% | 65.06% | -31.89% | 35.34% | 37.77% | -23.80% |
Capital Expenditures | -4,016 | -3,372 | -3,863 | -4,388 | -4,448 | -4,429 |
Cash Acquisitions | -2 | -4,093 | -12,032 | - | -12,907 | -6,606 |
Investment in Securities | -23 | -142 | 1,848 | -483 | 1,025 | 1,717 |
Other Investing Activities | 57 | -127 | -36 | -89 | -225 | -125 |
Investing Cash Flow | -3,984 | -7,734 | -14,083 | -4,960 | -16,555 | -9,443 |
Short-Term Debt Issued | - | - | - | - | - | 2,549 |
Long-Term Debt Issued | - | 3,599 | 5,939 | - | 7,936 | 4,419 |
Total Debt Issued | 6,025 | 3,599 | 5,939 | - | 7,936 | 6,968 |
Short-Term Debt Repaid | - | - | - | - | -3,986 | - |
Long-Term Debt Repaid | - | -1,290 | -1,755 | -2,251 | -2,319 | -1,957 |
Total Debt Repaid | -3,040 | -1,290 | -1,755 | -2,251 | -6,305 | -1,957 |
Net Debt Issued (Repaid) | 2,985 | 2,309 | 4,184 | -2,251 | 1,631 | 5,011 |
Issuance of Common Stock | 57 | 177 | 125 | 384 | 202 | 89 |
Repurchase of Common Stock | -4,321 | -1,306 | -1,346 | - | -840 | -1,281 |
Common Dividends Paid | -8,109 | -7,840 | -7,445 | -7,012 | -6,610 | -6,215 |
Other Financing Activities | -294 | -372 | -328 | -240 | 8,210 | -436 |
Financing Cash Flow | -9,682 | -7,032 | -4,810 | -9,119 | 2,593 | -2,832 |
Foreign Exchange Rate Adjustments | 173 | -293 | 23 | -410 | -133 | 253 |
Net Cash Flow | 3,572 | 6,409 | -5,864 | 4,606 | 14 | -1,781 |
Free Cash Flow | 13,049 | 18,096 | 9,143 | 14,707 | 9,661 | 5,812 |
Free Cash Flow Growth | -12.07% | 97.92% | -37.83% | 52.23% | 66.22% | -42.29% |
Free Cash Flow Margin | 20.31% | 28.20% | 15.21% | 24.81% | 19.84% | 14.00% |
Free Cash Flow Per Share | 5.18 | 7.12 | 3.59 | 5.79 | 3.81 | 2.29 |
Cash Interest Paid | 1,327 | 1,300 | 1,100 | 937 | 779 | 822 |
Cash Income Tax Paid | 3,928 | 3,928 | 4,338 | 3,239 | 2,412 | 2,700 |
Levered Free Cash Flow | 14,528 | 17,829 | 9,262 | 12,643 | 5,427 | 4,760 |
Unlevered Free Cash Flow | 15,324 | 18,624 | 9,978 | 13,244 | 5,931 | 5,279 |
Change in Working Capital | -6,512 | -3,667 | -2,205 | -2,782 | -3,839 | -4,601 |
Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.