10-Q Filing

AMGEN INC CIK: 318154 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000318154-22-000021`
Period End Date	20220331
Filing Date	20220428
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	amgn-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 30 Comprehensive Income 12

Balance Sheet 56 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
Common stock and additional paid-in capital, shares outstanding	`CommonStockSharesOutstanding`	558.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.53B	USD	Point-in-time
Common stock and additional paid-in capital, shares outstanding	`CommonStockSharesOutstanding`	534.20M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.99B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$16.00M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$48.00M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$5.08B	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$4.89B	USD	Point-in-time
Inventories	`InventoryNet`	$4.09B	USD	Point-in-time
Inventories	`InventoryNet`	$4.41B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.37B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.52B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.39B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.14B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.18B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.18B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.57B	USD	Point-in-time
Goodwill	`Goodwill`	$14.90B	USD	Point-in-time
Goodwill	`Goodwill`	$14.89B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$6.07B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$6.52B	USD	Point-in-time
Total assets	`Assets`	$59.20B	USD	Point-in-time
Total assets	`Assets`	$61.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.37B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.64B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.73B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$87.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$844.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.18B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.89B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$33.22B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.01B	USD	Point-in-time
Long-term tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$6.65B	USD	Point-in-time
Long-term tax liabilities	`LiabilityForUncertainTaxPositionsNoncurrent`	$6.59B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.46B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.73B	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; outstanding534.2 shares in 2022 and 558.3 shares in 2021	`CommonStocksIncludingAdditionalPaidInCapital`	$31.25B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 2,750.0 shares authorized; outstanding534.2 shares in 2022 and 558.3 shares in 2021	`CommonStocksIncludingAdditionalPaidInCapital`	$32.10B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.60B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.57B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-796.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-763.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.70B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$916.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.33B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.41B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$59.20B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$61.16B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.90B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.24B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.56B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.49B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$959.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$967.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.25B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.23B	USD	1 Quarter
Other	`OtherGeneralExpenseIncomeOtherAdjustments`	$61.00M	USD	1 Quarter
Other	`OtherGeneralExpenseIncomeOtherAdjustments`	$-10.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.74B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.77B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.50B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.13B	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$295.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$285.00M	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$-530.00M	USD	1 Quarter
Other (expense) income, net	`NonoperatingIncomeExpense`	$13.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.86B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.68B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$199.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$211.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.48B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.65B	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.85	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.69	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.83	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.68	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	548.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	577.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	581.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	551.00M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.48B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.65B	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$841.00M	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$841.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-91.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-251.00M	USD	1 Quarter
Adjustments for equity method investments	`IncomeLossFromEquityMethodInvestments`	$85.00M	USD	1 Quarter
Adjustments for equity method investments	`IncomeLossFromEquityMethodInvestments`	$-305.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$-240.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$-164.00M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$195.00M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-91.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$230.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$126.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$146.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$43.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.00M	USD	1 Quarter
Accrued income taxes, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$318.00M	USD	1 Quarter
Accrued income taxes, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$52.00M	USD	1 Quarter
Long-term tax liabilities	`IncreaseDecreaseInNoncurrentTaxLiability`	$57.00M	USD	1 Quarter
Long-term tax liabilities	`IncreaseDecreaseInNoncurrentTaxLiability`	$69.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-282.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-396.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.16B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.10B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$7.60B	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$4.00B	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$32.00M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$3.52B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$190.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$166.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-47.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$79.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-319.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-111.00M	USD	1 Quarter
Net proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Net proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.95B	USD	1 Quarter
Repurchases of common stock (Note 10)	`PaymentsForRepurchaseOfCommonStock`	$871.00M	USD	1 Quarter
Repurchases of common stock (Note 10)	`PaymentsForRepurchaseOfCommonStock`	$6.36B	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.08B	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.02B	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-26.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-52.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.51B	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.94B	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-154.00M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.46B	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.99B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.53B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.27B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.11B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.99B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.53B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.27B	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`	$1.94	USD	1 Quarter
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.94	USD	Point-in-time
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.76	USD	1 Quarter
Common stock, dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$1.94	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	558.30M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	534.20M	shares	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$6.70B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$916.00M	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$9.33B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquity`	$9.41B	USD	Point-in-time
Net income for basic and diluted EPS	`NetIncomeLoss`	$1.48B	USD	1 Quarter
Net income for basic and diluted EPS	`NetIncomeLoss`	$1.65B	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$33.00M	USD	1 Quarter
Other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$152.00M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$1.03B	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$1.01B	USD	1 Quarter
Issuance of common stock in connection with the Companys equity award programs	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.00M	USD	1 Quarter
Issuance of common stock in connection with the Companys equity award programs	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$78.00M	USD	1 Quarter
Tax impact related to employee stock-based compensation expense	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-45.00M	USD	1 Quarter
Tax impact related to employee stock-based compensation expense	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-59.00M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$6.31B	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$865.00M	USD	1 Quarter
Ending Balance, Shares	`CommonStockSharesOutstanding`	558.30M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	534.20M	shares	Point-in-time
Balance as of end of period	`StockholdersEquity`	$6.70B	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$916.00M	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$9.33B	USD	Point-in-time
Balance as of end of period	`StockholdersEquity`	$9.41B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.48B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.65B	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-51.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-39.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$84.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$190.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherGainsLossesNetOfTaxPortionAttributableToParent`	$1.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeLossOtherGainsLossesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income, net of reclassification adjustments and taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$33.00M	USD	1 Quarter
Other comprehensive income, net of reclassification adjustments and taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$152.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.80B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.51B	USD	1 Quarter

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