10-Q Filing

AMGEN INC CIK: 318154 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000318154-19-000018`
Period End Date	20190331
Filing Date	20190501
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	amgn-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 30 Comprehensive Income 14

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock and additional paid-in capital, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock and additional paid-in capital, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock and additional paid-in capital, shares authorized	`CommonStockSharesAuthorized`	2.75B	shares	Point-in-time
Common stock and additional paid-in capital, shares authorized	`CommonStockSharesAuthorized`	2.75B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.95B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74B	USD	Point-in-time
Common stock and additional paid-in capital, shares outstanding	`CommonStockSharesOutstanding`	614.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.36B	USD	Point-in-time
Common stock and additional paid-in capital, shares outstanding	`CommonStockSharesOutstanding`	629.60M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$18.94B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$22.36B	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$3.58B	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$3.77B	USD	Point-in-time
Inventories	`InventoryNet`	$3.02B	USD	Point-in-time
Inventories	`InventoryNet`	$2.94B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.79B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.62B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.15B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.89B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.96B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.12B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.44B	USD	Point-in-time
Goodwill	`Goodwill`	$14.69B	USD	Point-in-time
Goodwill	`Goodwill`	$14.70B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.14B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.70B	USD	Point-in-time
Total assets	`Assets`	$66.42B	USD	Point-in-time
Total assets	`Assets`	$64.00B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.86B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.91B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.71B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.49B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.71B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$29.32B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$29.51B	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$864.00M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$811.00M	USD	Point-in-time
Long-term tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$8.87B	USD	Point-in-time
Long-term tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$8.77B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.46B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.28B	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 2,750.0 shares authorized; outstanding 614.4 shares in 2019 and 629.6 shares in 2018	`CommonStocksIncludingAdditionalPaidInCapital`	$31.24B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 2,750.0 shares authorized; outstanding 614.4 shares in 2019 and 629.6 shares in 2018	`CommonStocksIncludingAdditionalPaidInCapital`	$31.25B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.89B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.98B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-516.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-769.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$25.24B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$15.62B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.83B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$12.50B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$66.42B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$64.00B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$5.55B	USD	1 Quarter
Total revenues	`Revenues`	$5.56B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$944.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$760.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$879.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.13B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.15B	USD	1 Quarter
Other	`OtherGeneralExpense`	$-3.00M	USD	1 Quarter
Other	`OtherGeneralExpense`	$-3.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.08B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.83B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.73B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.47B	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$338.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$343.00M	USD	1 Quarter
Interest and other income, net	`NonoperatingIncomeExpense`	$231.00M	USD	1 Quarter
Interest and other income, net	`NonoperatingIncomeExpense`	$185.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.62B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.31B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$322.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$308.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.99B	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$3.27	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$3.20	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.18	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.25	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	622.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	707.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	711.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	626.00M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.31B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.99B	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$495.00M	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$471.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-72.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-50.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$-24.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$-98.00M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$207.00M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$384.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$107.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$28.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$249.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$135.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-278.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-112.00M	USD	1 Quarter
Accrued income taxes, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$277.00M	USD	1 Quarter
Accrued income taxes, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$353.00M	USD	1 Quarter
Long-term tax liabilities	`IncreaseDecreaseInNoncurrentTaxLiability`	$100.00M	USD	1 Quarter
Long-term tax liabilities	`IncreaseDecreaseInNoncurrentTaxLiability`	$63.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-397.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$407.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.84B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.73B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$6.90B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.73B	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$125.00M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$16.69B	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.46B	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$900.00M	USD	1 Quarter
Cash acquired in acquisition, net of cash paid	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash acquired in acquisition, net of cash paid	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-197.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$116.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$11.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.56B	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.91B	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$1.00B	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.03B	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.70B	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$951.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$901.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-44.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-54.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.99B	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.69B	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$413.00M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.94B	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.95B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.36B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.95B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.36B	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.32	USD	1 Quarter
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.45	USD	Point-in-time
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.45	USD	1 Quarter
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.45	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	614.40M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	629.60M	shares	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$25.24B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$15.62B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$10.83B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$12.50B	USD	Point-in-time
Net income for basic and diluted EPS	`NetIncomeLoss`	$2.31B	USD	1 Quarter
Net income for basic and diluted EPS	`NetIncomeLoss`	$1.99B	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-306.00M	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$253.00M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$877.00M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$879.00M	USD	1 Quarter
Issuance of common stock in connection with the Companys equity award programs	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.00M	USD	1 Quarter
Issuance of common stock in connection with the Companys equity award programs	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$64.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$61.00M	USD	1 Quarter
Tax impact related to employee stock-based compensation expense	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-73.00M	USD	1 Quarter
Tax impact related to employee stock-based compensation expense	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-57.00M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.03B	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$10.79B	USD	1 Quarter
Ending Balance, Shares	`CommonStockSharesOutstanding`	614.40M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	629.60M	shares	Point-in-time
Balance as of end of period	`StockholdersEquity`	$25.24B	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$15.62B	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$10.83B	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$12.50B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.31B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.99B	USD	1 Quarter
(Losses) gains on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00M	USD	1 Quarter
(Losses) gains on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$29.00M	USD	1 Quarter
Gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$45.00M	USD	1 Quarter
Gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$6.00M	USD	1 Quarter
Gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$221.00M	USD	1 Quarter
Gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-343.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherGainsLossesNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherGainsLossesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$253.00M	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-306.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.00B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.25B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.