2014 Q1 Form 10-Q Financial Statement

#000031815414000008 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $4.521B $4.238B
YoY Change 6.68% 4.69%
Cost Of Revenue $1.090B $744.0M
YoY Change 46.51% -0.8%
Gross Profit $3.266B $3.407B
YoY Change -4.14% 8.12%
Gross Profit Margin 72.24% 80.39%
Selling, General & Admin $1.023B $1.158B
YoY Change -11.66% 7.32%
% of Gross Profit 31.32% 33.99%
Research & Development $1.027B $878.0M
YoY Change 16.97% 19.29%
% of Gross Profit 31.45% 25.77%
Depreciation & Amortization $518.0M $277.0M
YoY Change 87.0% 6.95%
% of Gross Profit 15.86% 8.13%
Operating Expenses $2.050B $2.036B
YoY Change 0.69% 12.18%
Operating Profit $1.364B $1.442B
YoY Change -5.41% -2.37%
Interest Expense -$160.0M -$99.00M
YoY Change 61.62% -10.81%
% of Operating Profit -11.73% -6.87%
Other Income/Expense, Net $99.00M $164.0M
YoY Change -39.63% 32.26%
Pretax Income $1.204B $1.343B
YoY Change -10.35% -1.68%
Income Tax $131.0M -$91.00M
% Of Pretax Income 10.88% -6.78%
Net Earnings $1.073B $1.434B
YoY Change -25.17% 21.11%
Net Earnings / Revenue 23.73% 33.84%
Basic Earnings Per Share $1.42 $1.91
Diluted Earnings Per Share $1.40 $1.88
COMMON SHARES
Basic Shares Outstanding 757.0M shares 751.0M shares
Diluted Shares Outstanding 768.0M shares 764.0M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.80B $21.27B
YoY Change -6.91% 9.79%
Cash & Equivalents $3.687B $2.530B
Short-Term Investments $16.12B $18.74B
Other Short-Term Assets $3.020B $2.159B
YoY Change 39.88% 8.27%
Inventory $2.966B $2.737B
Prepaid Expenses
Receivables $2.514B $2.528B
Other Receivables $0.00 $0.00
Total Short-Term Assets $28.30B $28.70B
YoY Change -1.37% 6.85%
LONG-TERM ASSETS
Property, Plant & Equipment $5.365B $5.296B
YoY Change 1.3% -1.78%
Goodwill $14.83B $12.60B
YoY Change 17.68%
Intangibles $13.57B $3.897B
YoY Change 248.11%
Long-Term Investments $3.414B
YoY Change
Other Assets $1.525B $1.148B
YoY Change 32.84% -20.11%
Total Long-Term Assets $38.70B $22.95B
YoY Change 68.67% 2.46%
TOTAL ASSETS
Total Short-Term Assets $28.30B $28.70B
Total Long-Term Assets $38.70B $22.95B
Total Assets $67.00B $51.64B
YoY Change 29.75% 4.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $949.0M $940.0M
YoY Change 0.96% 5.5%
Accrued Expenses $4.749B $4.195B
YoY Change 13.21% -16.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.505B $7.000M
YoY Change 35685.71% -99.71%
Total Short-Term Liabilities $8.203B $5.142B
YoY Change 59.53% -38.03%
LONG-TERM LIABILITIES
Long-Term Debt $29.52B $23.89B
YoY Change 23.59% 25.53%
Other Long-Term Liabilities $6.541B $3.122B
YoY Change 109.51% 2.36%
Total Long-Term Liabilities $6.541B $3.122B
YoY Change 109.51% -85.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.203B $5.142B
Total Long-Term Liabilities $6.541B $3.122B
Total Liabilities $14.74B $8.264B
YoY Change 78.41% -72.79%
SHAREHOLDERS EQUITY
Retained Earnings -$7.023B -$10.11B
YoY Change -30.54%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.74B $19.49B
YoY Change
Total Liabilities & Shareholders Equity $67.00B $51.64B
YoY Change 29.75% 4.85%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $1.073B $1.434B
YoY Change -25.17% 21.11%
Depreciation, Depletion And Amortization $518.0M $277.0M
YoY Change 87.0% 6.95%
Cash From Operating Activities $1.142B $1.049B
YoY Change 8.87% 7.92%
INVESTING ACTIVITIES
Capital Expenditures $172.0M $158.0M
YoY Change 8.86% 9.72%
Acquisitions $104.0M $0.00
YoY Change -100.0%
Other Investing Activities $44.00M $6.000M
YoY Change 633.33%
Cash From Investing Activities -$765.0M $1.809B
YoY Change -142.29% -177.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $832.0M
YoY Change -100.0% -39.49%
Debt Paid & Issued, Net $125.0M $2.500B
YoY Change -95.0% 2876.19%
Cash From Financing Activities -$495.0M -$3.585B
YoY Change -86.19% 162.64%
NET CHANGE
Cash From Operating Activities $1.142B $1.049B
Cash From Investing Activities -$765.0M $1.809B
Cash From Financing Activities -$495.0M -$3.585B
Net Change In Cash -$118.0M -$727.0M
YoY Change -83.77% -73.46%
FREE CASH FLOW
Cash From Operating Activities $1.142B $1.049B
Capital Expenditures $172.0M $158.0M
Free Cash Flow $970.0M $891.0M
YoY Change 8.87% 7.61%

Facts In Submission

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CY2013Q1 us-gaap Repayments Of Long Term Debt
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CY2014Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</font></div></div>
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014Q1 amgn Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
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CY2013Q1 amgn Effective Tax Rate Excluding Impact Of Tax Credits Assocated With New Pr Excise Tax
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CY2014Q1 amgn Other Comprehensive Income Other Tax
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CY2013Q4 amgn Other Notes
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CY2014Q1 amgn Other Notes
OtherNotes
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CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000318154
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
757021648 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Amgen Inc.

Files In Submission

Name View Source Status
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0000318154-14-000008-index.html Edgar Link pending
0000318154-14-000008.txt Edgar Link pending
0000318154-14-000008-xbrl.zip Edgar Link pending
amgn-20140331.xml Edgar Link completed
amgn-20140331.xsd Edgar Link pending
amgn-20140331_cal.xml Edgar Link unprocessable
amgn-20140331_def.xml Edgar Link unprocessable
amgn-20140331_lab.xml Edgar Link unprocessable
amgn-20140331_pre.xml Edgar Link unprocessable
amgn-2014331x10q.htm Edgar Link pending
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