Stock Analysis on Net
Stock Analysis on Net

Amgen Inc. (NASDAQ:AMGN)

Common-Size Income Statement

Amgen Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Product sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -31.40 -25.83 -26.56 -25.41 -19.62
Gross profit from product sales 68.60% 74.17% 73.44% 74.59% 80.38%
Other revenues 4.76 6.14 6.92 4.88 5.22
Research and development -17.78 -17.88 -19.83 -17.36 -18.54
Acquired in-process research and development 0.00 0.00 -6.19 0.00 0.00
Selling, general and administrative -22.96 -21.83 -22.09 -23.64 -23.19
Other -3.27 -2.03 -0.80 -0.78 -0.30
Operating income 29.35% 38.57% 31.44% 37.70% 43.57%
Interest expense, net -10.68 -5.67 -4.93 -5.21 -5.81
Other income (expense), net 10.53 -3.28 1.07 1.06 3.39
Income before income taxes 29.19% 29.62% 27.58% 33.55% 41.15%
Provision for income taxes -4.23 -3.20 -3.33 -3.58 -5.84
Net income 24.96% 26.42% 24.25% 29.97% 35.32%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Amgen Inc. operating income as a percentage of product sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Amgen Inc. income before income taxes as a percentage of product sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Amgen Inc. net income as a percentage of product sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.