Common-Size Balance Sheet: Assets
Quarterly Data
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- Analysis of Long-term (Investment) Activity Ratios
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- Analysis of Geographic Areas
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- Debt to Equity since 2005
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- Analysis of Revenues
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Amgen Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets has fluctuated considerably over the periods. Notably, there was a significant peak during the early quarters of 2023, reaching above 35%, before sharply declining by the end of that year. In subsequent periods, it stabilized around 10%, indicating a more conservative liquidity position.
- Marketable Securities
- This category showed variability with small proportions overall. Early 2020 exhibited an increase, peaking near 7%, but these levels were not maintained, and from 2023 onward, data points are largely missing or zero, suggesting a possible reduction or reclassification of these assets.
- Trade Receivables, Net
- Trade receivables as a percentage of total assets remained relatively stable across the reported periods, mostly fluctuating between 6% and 9%. There is a slight upward trend in the later quarters, suggesting a mild increase in credit sales or slower collections towards the end of the timeline.
- Inventories
- Inventory levels as a percentage of total assets generally increased from 2020 through 2022, peaking around 7.5%. However, a sharp rise occurred in the first quarter of 2024, exceeding 9%, before declining toward previous levels. This pattern may reflect changing operational or supply chain dynamics.
- Other Current Assets
- This category remained fairly consistent, mostly ranging between 2.5% and 4% of total assets throughout the periods. There are no significant deviations or trends indicating material changes in this asset class.
- Current Assets
- Current assets showed notable volatility, especially with a strong increase in early 2023, surpassing 50% of total assets, before rapidly declining. This spike aligns with similar movements in cash and cash equivalents, suggesting concentrated liquidity positions in that timeframe.
- Property, Plant and Equipment, Net
- The share of property, plant, and equipment remained quite stable over time, generally between 6% and 8.5%. No pronounced upward or downward trend is observable, indicating steady capital investment or depreciation rates relative to total assets.
- Intangible Assets, Net
- Intangible assets as a percentage of total assets show a downward trend over most of the period from 2020 through 2023, decreasing from around 30% to below 15%. An exception occurs toward late 2023 and early 2024, with a sharp increase back above 30%, before trending down again. This volatility could be related to acquisition accounting or impairment adjustments.
- Goodwill
- Goodwill percentages exhibit a declining trend from about 24% in 2020 to approximately 17% in late 2023, then gradually recovering to around 20% by early 2025. This suggests potential impairment charges or disposals followed by new acquisitions or revaluation effects.
- Other Noncurrent Assets
- This category remained relatively steady, mostly between 7% and 12% of total assets, with slight increases observed in recent periods, hinting at accumulation or reclassification of long-term assets.
- Noncurrent Assets
- Noncurrent assets generally accounted for approximately 50% to 70% of total assets, with marked reduction in early 2023 followed by restoration to previous levels. The dip corresponds temporally to the spike in current assets, indicating possible rebalancing or asset reclassification activities.
- Overall Asset Composition
- The asset composition shows cyclical patterns with shifts between current and noncurrent asset categories, notable spikes in liquidity-related assets in early 2023, and variability in intangible assets and goodwill. These dynamics reflect active asset management, including acquisitions, disposals, and liquidity adjustments.