Merck KGaA Balance Sheet

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

Millions EUR. 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
Cash & Equivalents	2,740	2,517	1,982	1,854	1,899
Short-Term Investments	597	559	398	203	100
Trading Asset Securities	-	-	33	42	12
Cash & Short-Term Investments	3,337	3,076	2,413	2,099	2,011
Cash Growth	8.48%	27.48%	14.96%	4.38%	47.00%
Accounts Receivable	3,882	3,954	3,976	4,134	3,724
Other Receivables	888	945	928	900	1,048
Receivables	4,770	4,899	4,905	5,034	4,772
Inventory	4,562	4,484	4,637	4,632	3,900
Prepaid Expenses	182	169	182	210	142
Other Current Assets	379	822	256	226	157
Total Current Assets	13,230	13,450	12,393	12,201	10,982
Property, Plant & Equipment	9,940	10,025	9,056	8,204	7,217
Long-Term Investments	772	964	808	675	615
Goodwill	17,934	19,107	17,845	18,389	17,004
Other Intangible Assets	7,660	6,349	6,551	7,335	7,612
Long-Term Deferred Tax Assets	1,618	1,318	1,514	1,310	1,502
Other Long-Term Assets	369	380	324	417	426
Total Assets	51,527	51,596	48,495	48,535	45,362
Accounts Payable	1,422	1,502	1,770	1,596	1,542
Accrued Expenses	1,642	1,633	1,446	1,635	1,545
Short-Term Debt	-	-	-	-	896
Current Portion of Long-Term Debt	1,115	3,167	580	1,103	1,518
Current Portion of Leases	123	137	122	125	117
Current Income Taxes Payable	1,579	1,527	1,433	1,483	1,421
Current Unearned Revenue	216	203	163	282	198
Other Current Liabilities	2,945	3,126	3,185	3,290	3,195
Total Current Liabilities	9,042	11,295	8,699	9,514	10,432
Long-Term Debt	10,205	6,372	8,846	8,834	7,928
Long-Term Leases	525	625	393	366	342
Long-Term Unearned Revenue	2	3	3	3	3
Pension & Post-Retirement Benefits	1,553	1,956	2,192	2,030	3,402
Long-Term Deferred Tax Liabilities	1,134	909	1,130	1,287	1,411
Other Long-Term Liabilities	406	447	477	496	428
Total Liabilities	22,867	21,607	21,740	22,530	23,946
Common Stock	565	565	565	565	565
Additional Paid-In Capital	3,814	3,814	3,814	3,814	3,814
Retained Earnings	24,015	22,420	20,634	18,811	16,610
Comprehensive Income & Other	198	3,115	1,667	2,737	349
Total Common Equity	28,592	29,914	26,680	25,927	21,338
Minority Interest	68	75	75	78	78
Shareholders' Equity	28,660	29,989	26,755	26,005	21,416
Total Liabilities & Equity	51,527	51,596	48,495	48,535	45,362
Total Debt	11,968	10,301	9,941	10,428	10,801
Net Cash (Debt)	-8,631	-7,225	-7,528	-8,329	-8,790
Net Cash Per Share	-19.85	-16.62	-17.31	-19.16	-20.22
Filing Date Shares Outstanding	434.78	434.78	434.78	434.78	434.78
Total Common Shares Outstanding	434.78	434.78	434.78	434.78	434.78
Working Capital	4,188	2,155	3,694	2,687	550
Book Value Per Share	65.76	68.80	61.36	59.63	49.08
Tangible Book Value	2,998	4,458	2,284	203	-3,278
Tangible Book Value Per Share	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.