Merck & Co. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	6,849	14,565	13,242	6,841	12,694	8,096
Short-Term Investments	292	-	447	252	498	-
Cash & Short-Term Investments	7,141	14,565	13,689	7,093	13,192	8,096
Cash Growth	-17.18%	6.40%	92.99%	-46.23%	62.94%	0.56%
Accounts Receivable	13,386	12,691	11,119	11,072	10,621	10,779
Other Receivables	42	15	8	-	-	-
Receivables	13,428	12,706	11,127	11,072	10,621	10,779
Inventory	6,207	6,658	6,109	6,358	5,911	5,953
Restricted Cash	42	125	76	68	79	71
Other Current Assets	9,861	9,462	7,781	7,577	5,919	5,367
Total Current Assets	36,679	43,516	38,782	32,168	35,722	30,266
Property, Plant & Equipment	25,737	26,823	25,149	24,488	22,768	20,865
Long-Term Investments	2,352	2,082	1,610	1,558	2,445	966
Goodwill	21,582	21,579	21,668	21,197	21,204	21,264
Other Intangible Assets	24,978	26,681	16,370	18,011	20,269	22,933
Long-Term Accounts Receivable	125	125	-	-	-	-
Long-Term Deferred Tax Assets	-	2,605	3,601	1,968	503	692
Other Long-Term Assets	18,349	13,455	9,926	7,285	6,249	8,708
Total Assets	129,802	136,866	117,106	106,675	109,160	105,694
Accounts Payable	3,919	4,515	4,999	4,434	5,160	6,389
Accrued Expenses	14,233	13,740	13,983	14,130	12,508	11,491
Short-Term Debt	2,825	289	149	72	246	112
Current Portion of Long-Term Debt	-	2,300	2,500	1,300	1,700	2,300
Current Portion of Leases	-	294	282	285	281	304
Current Income Taxes Payable	4,224	4,726	3,914	2,649	1,986	1,224
Other Current Liabilities	2,530	2,463	2,593	2,824	2,358	2,052
Total Current Liabilities	27,731	28,327	28,420	25,694	24,239	23,872
Long-Term Debt	51,086	46,750	34,462	33,683	28,745	30,690
Long-Term Leases	-	901	877	928	1,013	1,225
Pension & Post-Retirement Benefits	-	839	939	1,231	1,223	1,871
Long-Term Deferred Tax Liabilities	1,433	1,439	1,387	871	1,795	3,441
Other Long-Term Liabilities	7,568	5,948	4,649	6,633	6,087	6,338
Total Liabilities	87,818	84,204	70,734	69,040	63,102	67,437
Common Stock	1,788	1,788	1,788	1,788	1,788	1,788
Additional Paid-In Capital	44,950	45,029	44,704	44,509	44,379	44,238
Retained Earnings	63,269	73,075	63,069	53,895	61,081	53,696
Treasury Stock	-64,132	-62,999	-58,303	-57,450	-56,489	-57,109
Comprehensive Income & Other	-3,942	-4,287	-4,945	-5,161	-4,768	-4,429
Total Common Equity	41,933	52,606	46,313	37,581	45,991	38,184
Minority Interest	51	56	59	54	67	73
Shareholders' Equity	41,984	52,662	46,372	37,635	46,058	38,257
Total Liabilities & Equity	129,802	136,866	117,106	106,675	109,160	105,694
Total Debt	53,911	50,534	38,270	36,268	31,985	34,631
Net Cash (Debt)	-46,770	-35,969	-24,581	-29,175	-18,793	-26,535
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-18.85	-14.35	-9.67	-11.45	-7.39	-10.46
Filing Date Shares Outstanding	2,467	2,472	2,526	2,533	2,539	2,528
Total Common Shares Outstanding	2,469	2,475	2,528	2,532	2,538	2,528
Working Capital	8,948	15,189	10,362	6,474	11,483	6,394
Book Value Per Share	16.99	21.26	18.32	14.84	18.12	15.11
Tangible Book Value	-4,627	4,346	8,275	-1,627	4,518	-6,013
Tangible Book Value Per Share	-1.87	1.76	3.27	-0.64	1.78	-2.38
Land	-	321	307	326	295	326
Buildings	-	17,983	16,360	14,966	13,166	12,529
Machinery	-	19,760	18,283	17,763	16,760	16,303
Construction In Progress	-	9,166	7,984	8,262	9,186	8,313

SEC Filings: 10-K · 10-Q