Merck & Co. Balance Sheet

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

Millions USD. 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	14,565	13,242	6,841	12,694	8,096
Short-Term Investments	-	447	252	498	-
Cash & Short-Term Investments	14,565	13,689	7,093	13,192	8,096
Cash Growth	6.40%	92.99%	-46.23%	62.94%	0.57%
Accounts Receivable	11,775	10,278	10,349	9,450	9,230
Inventory	6,658	6,109	6,358	5,911	5,953
Other Current Assets	10,518	8,706	8,368	7,169	6,987
Total Current Assets	43,516	38,782	32,168	35,722	30,266
Net Property, Plant & Equipment	25,316	23,779	23,051	21,422	19,279
Other Intangible Assets	26,681	16,370	18,011	20,269	22,933
Goodwill	21,579	21,668	21,197	21,204	21,264
Long-Term Investments	956	463	252	1,015	370
Other Long-Term Assets	18,818	16,044	11,996	9,528	11,582
Total Assets	136,866	117,106	106,675	109,160	105,694
Accounts Payable	4,404	4,079	3,922	4,264	4,609
Accrued Expenses	14,468	15,694	15,766	14,159	13,859
Short-Term Debt	2,589	2,649	1,372	1,946	2,412
Other Current Liabilities	6,866	5,998	4,634	3,870	2,992
Total Current Liabilities	28,327	28,420	25,694	24,239	23,872
Long-Term Debt	46,750	34,462	33,683	28,745	30,690
Other Long-Term Liabilities	9,127	7,852	9,663	10,118	12,875
Total Long-Term Liabilities	55,877	42,314	43,346	38,863	43,565
Total Liabilities	84,204	70,734	69,040	63,102	67,437
Common Stock	1,788	1,788	1,788	1,788	1,788
Treasury Stock	-62,999	-58,303	-57,450	-56,489	-57,109
Additional Paid-in Capital	45,029	44,704	44,509	44,379	44,238
Accumulated Other Comprehensive Income	-4,287	-4,945	-5,161	-4,768	-4,429
Retained Earnings	73,075	63,069	53,895	61,081	53,696
Total Common Shareholders' Equity	52,606	46,313	37,581	45,991	38,184
Minority Interest	56	59	54	67	73
Shareholders' Equity	52,662	46,372	37,635	46,058	38,257
Total Liabilities & Equity	136,866	117,106	106,675	109,160	105,694
Total Debt	49,339	37,111	35,055	30,691	33,102
Net Cash (Debt)	-34,774	-23,422	-27,962	-17,499	-25,006
Net Cash Per Share	-13.87	-9.22	-10.98	-6.88	-9.85
Book Value	52,606	46,313	37,581	45,991	38,184
Book Value Per Share	20.98	18.23	14.76	18.09	15.04
Tangible Book Value	4,346	8,275	-1,627	4,518	-6,013
Tangible Book Value Per Share	1.73	3.26	-0.64	1.78	-2.37

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.