2020 Q4 Form 10-K Financial Statement

#000031815421000010 Filed on February 09, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $6.634B $6.423B $6.206B
YoY Change 7.05% 11.96% 5.71%
Cost Of Revenue $1.597B $1.561B $1.488B
YoY Change 27.45% 50.68% 47.04%
Gross Profit $4.737B $4.543B $4.420B
YoY Change 2.36% 2.62% -3.11%
Gross Profit Margin 71.4% 70.73% 71.22%
Selling, General & Admin $1.773B $1.346B $1.295B
YoY Change 17.18% 10.06% 2.78%
% of Gross Profit 37.43% 29.63% 29.3%
Research & Development $1.229B $1.062B $964.0M
YoY Change -6.33% 6.09% 4.33%
% of Gross Profit 25.94% 23.38% 21.81%
Depreciation & Amortization $873.0M $901.0M $930.0M
YoY Change 24.36% 77.36% 85.63%
% of Gross Profit 18.43% 19.83% 21.04%
Operating Expenses $3.029B $2.408B $2.259B
YoY Change 4.59% 8.27% 3.43%
Operating Profit $1.708B $2.453B $2.323B
YoY Change -1.39% -0.93% -13.26%
Interest Expense -$131.0M -$247.0M -$293.0M
YoY Change 101.54% 24.12% 157.02%
% of Operating Profit -7.67% -10.07% -12.61%
Other Income/Expense, Net $55.00M $3.000M
YoY Change -51.75% -98.62%
Pretax Income $1.877B $2.206B $2.030B
YoY Change -5.35% -3.12% -20.83%
Income Tax $262.0M $185.0M $227.0M
% Of Pretax Income 13.96% 8.39% 11.18%
Net Earnings $1.615B $2.021B $1.803B
YoY Change -5.17% 2.69% -17.26%
Net Earnings / Revenue 24.34% 31.47% 29.05%
Basic Earnings Per Share $2.78 $3.45 $3.07
Diluted Earnings Per Share $2.76 $3.43 $3.05
COMMON SHARES
Basic Shares Outstanding 582.2M shares 585.0M shares 588.0M shares
Diluted Shares Outstanding 589.0M shares 592.0M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.65B $12.36B $11.42B
YoY Change 19.48% -40.73% -47.51%
Cash & Equivalents $6.266B $9.087B $9.145B
Short-Term Investments $4.381B $3.273B $2.276B
Other Short-Term Assets $2.079B $2.265B $2.268B
YoY Change 10.12% -32.37% 12.78%
Inventory $3.893B $3.942B $3.840B
Prepaid Expenses
Receivables $4.525B $4.094B $5.366B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.14B $22.66B $22.90B
YoY Change 14.66% -27.02% -25.54%
LONG-TERM ASSETS
Property, Plant & Equipment $4.889B $4.816B $4.843B
YoY Change -0.79% -1.73% -0.8%
Goodwill $14.69B $14.67B $14.68B
YoY Change -0.1% -0.21% -0.07%
Intangibles $16.59B $17.25B $17.95B
YoY Change -14.56% 157.45% 163.44%
Long-Term Investments
YoY Change
Other Assets $5.639B $5.232B $4.647B
YoY Change 153.67% 140.44% 107.18%
Total Long-Term Assets $41.80B $41.98B $42.12B
YoY Change 1.3% 47.37% 47.12%
TOTAL ASSETS
Total Short-Term Assets $21.14B $22.66B $22.90B
Total Long-Term Assets $41.80B $41.98B $42.12B
Total Assets $62.95B $64.64B $65.01B
YoY Change 5.43% 8.57% 9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.421B $1.161B $1.150B
YoY Change 3.65% 15.52% 14.89%
Accrued Expenses $10.14B $8.701B $9.282B
YoY Change 19.15% 13.25% 36.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $91.00M $91.00M $91.00M
YoY Change -96.92% -95.56% -96.77%
Total Short-Term Liabilities $11.65B $9.953B $10.52B
YoY Change -9.21% -7.3% -0.93%
LONG-TERM LIABILITIES
Long-Term Debt $32.90B $34.20B $34.13B
YoY Change 22.06% 23.26% 22.79%
Other Long-Term Liabilities $2.023B $1.759B $1.881B
YoY Change -8.54% 14.0% 22.54%
Total Long-Term Liabilities $34.92B $35.96B $36.01B
YoY Change 19.74% 22.78% 22.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.65B $9.953B $10.52B
Total Long-Term Liabilities $34.92B $35.96B $36.01B
Total Liabilities $46.57B $45.91B $46.54B
YoY Change 10.89% 14.71% 16.47%
SHAREHOLDERS EQUITY
Retained Earnings -$21.41B -$19.85B -$20.17B
YoY Change 0.37% -1.42% 0.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.409B $10.96B $10.66B
YoY Change
Total Liabilities & Shareholders Equity $62.95B $64.64B $65.01B
YoY Change 5.43% 8.57% 9.5%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $1.615B $2.021B $1.803B
YoY Change -5.17% 2.69% -17.26%
Depreciation, Depletion And Amortization $873.0M $901.0M $930.0M
YoY Change 24.36% 77.36% 85.63%
Cash From Operating Activities $2.153B $3.368B $2.842B
YoY Change -14.36% -0.27% 100.99%
INVESTING ACTIVITIES
Capital Expenditures -$173.0M -$135.0M -$158.0M
YoY Change -7.98% -20.59% 9.72%
Acquisitions
YoY Change
Other Investing Activities -$1.211B -$1.493B -$2.001B
YoY Change -79.03% -126.94% -169.26%
Cash From Investing Activities -$1.384B -$1.628B -$2.159B
YoY Change -76.79% -130.31% -178.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.590B -1.798B 775.0M
YoY Change 86.11% -37.11% -112.93%
NET CHANGE
Cash From Operating Activities 2.153B 3.368B 2.842B
Cash From Investing Activities -1.384B -1.628B -2.159B
Cash From Financing Activities -3.590B -1.798B 775.0M
Net Change In Cash -2.821B -58.00M 1.458B
YoY Change -47.55% -100.98% -179.54%
FREE CASH FLOW
Cash From Operating Activities $2.153B $3.368B $2.842B
Capital Expenditures -$173.0M -$135.0M -$158.0M
Free Cash Flow $2.326B $3.503B $3.000B
YoY Change -13.92% -1.24% 92.55%

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323000000 USD
CY2019 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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349000000 USD
CY2020 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2020 us-gaap Stock Repurchased And Retired During Period Value
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CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Depreciation Depletion And Amortization
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2206000000 USD
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CY2020 us-gaap Share Based Compensation
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330000000 USD
CY2019 us-gaap Share Based Compensation
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CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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186000000 USD
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215000000 USD
CY2019 us-gaap Increase Decrease In Inventories
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66000000 USD
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3000000 USD
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45000000 USD
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164000000 USD
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396000000 USD
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9150000000 USD
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<div style="margin-bottom:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates</span></div><div style="margin-bottom:8pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div>
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P1Y9M18D
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P3Y
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1 shares
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1 shares
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220000000 USD
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35000000 USD
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0
CY2019 amgn Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Impact On Intercompany Sales Percent
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0
CY2018 amgn Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Impact On Intercompany Sales Percent
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0.018
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0.011
CY2019 amgn Effective Income Tax Rate Reconciliation Interest On Uncertain Tax Positions Percent
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019Q4 amgn Available For Sale Securities Debt Maturities After One Through Three Years Fair Value
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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P4Y1M6D
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296000000 USD
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CY2020Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt Current
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CY2019Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 amgn Maximum Borrowing Capacity Under Commercial Paper
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2500000000 USD
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1541000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1400000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1500000000 USD
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24890000000 USD
CY2020Q4 amgn Long Term Debt Maturities Repayments Of Principal Net
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CY2019 us-gaap Interest Paid
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CY2018 us-gaap Interest Paid
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1500000000 USD
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4300000 shares
CY2020Q1 us-gaap Stock Repurchased During Period Value
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933000000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15900000 shares
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3031000000 USD
CY2018Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
56400000 shares
CY2018Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10787000000 USD
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StockRepurchasedDuringPeriodShares
2600000 shares
CY2020Q2 us-gaap Stock Repurchased During Period Value
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591000000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
13100000 shares
CY2019Q2 us-gaap Stock Repurchased During Period Value
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2349000000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
18200000 shares
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3190000000 USD
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StockRepurchasedDuringPeriodShares
3000000.0 shares
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
752000000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
6200000 shares
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1170000000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8700000 shares
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1713000000 USD
CY2020Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5300000 shares
CY2020Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1221000000 USD
CY2019Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5100000 shares
CY2019Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1090000000 USD
CY2018Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
11100000 shares
CY2018Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2165000000 USD
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15200000 shares
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3497000000 USD
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
40200000 shares
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7640000000 USD
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
94500000 shares
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
17855000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000000.0 USD
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3000000000.0 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.60
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.60
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.60
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.60
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2018Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.76
CY2020 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
14000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
110000000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-28000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
46000000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-21000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-55000000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
7000000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-22000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
14000000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
9000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-3000000 USD
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
477000000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
10671000000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
33000000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
603000000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
303000000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
9086000000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
61000000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
407000000 USD
CY2020 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P3Y
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
39400000000 USD
CY2019Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
33700000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
33000000000.0 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
29900000000 USD
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability In Four Years
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiabilityInFourYears
1467000000 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
256000000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
1262000000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
753000000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
1289000000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
674000000 USD
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
1392000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
349000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
570000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
549000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
346000000 USD
CY2020Q2 amgn Number Of Asserted Patents
NumberOfAssertedPatents
3 patent
CY2020Q2 amgn Number Of Asserted Patents
NumberOfAssertedPatents
3 patent
CY2019Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
1 claim
CY2019Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
1 claim
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Numberof Annual Installments
TaxCutsAndJobsActof2017IncompleteAccountingNumberofAnnualInstallments
8 installment
CY2020 amgn Schedule Of U.S.Repatriation Tax Commitments
ScheduleOfU.S.RepatriationTaxCommitments
The following table summarizes the remaining scheduled repatriation tax payments as of December 31, 2020 (in millions):<table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.707%"><tr><td style="width:1.0%"/><td style="width:85.263%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.537%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amounts</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">587 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">587 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,100 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,467 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,834 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total remaining U.S. repatriation tax commitments</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,575 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table>
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability Next Twelve Months
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiabilityNextTwelveMonths
587000000 USD
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability In Two Years
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiabilityInTwoYears
587000000 USD
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability In Three Years
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiabilityInThreeYears
1100000000 USD
CY2020Q4 amgn Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability In Five Years
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiabilityInFiveYears
1834000000 USD
CY2020Q4 amgn Tax Cuts And Jobs Act Of2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Liability1
TaxCutsAndJobsActOf2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalLiability1
5575000000 USD
CY2020Q4 us-gaap Gross Profit
GrossProfit
4737000000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
4543000000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
4420000000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
4381000000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1615000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
2021000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1803000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1825000000 USD
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.45
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.07
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.09
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.76
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.05
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.07
CY2019Q4 us-gaap Gross Profit
GrossProfit
4628000000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
4427000000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
4562000000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
4231000000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
1703000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1968000000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
2179000000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
1992000000 USD
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.87
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.29
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.59
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.20
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.85
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.27
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.57
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.18
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
26000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
8000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2000000 USD
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
32000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
48000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
0 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
22000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
26000000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
51000000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
1000000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
4000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
48000000 USD

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