Stock Analysis on Net
Stock Analysis on Net
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Amgen Inc. (NASDAQ:AMGN)

Common-Size Income Statement

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Amgen Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Product sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -25.41 -19.62 -18.20 -18.67 -19.01
Gross profit from product sales 74.59% 80.38% 81.80% 81.33% 80.99%
Other revenues 4.88 5.22 5.39 4.84 5.02
Research and development -17.36 -18.54 -16.58 -16.34 -17.54
Selling, general and administrative -23.64 -23.19 -23.66 -22.34 -23.12
Other -0.78 -0.30 -1.39 -1.72 -0.61
Operating income 37.70% 43.57% 45.55% 45.76% 44.74%
Interest expense, net -5.21 -5.81 -6.18 -5.98 -5.76
Interest and other income, net 1.06 3.39 2.99 4.26 2.87
Income before income taxes 33.55% 41.15% 42.36% 44.03% 41.86%
Provision for income taxes -3.58 -5.84 -5.11 -34.95 -6.58
Net income 29.97% 35.32% 37.25% 9.08% 35.27%

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Amgen Inc.’s operating income as a percentage of product sales decreased from 2018 to 2019 and from 2019 to 2020.
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.’s income before income taxes as a percentage of product sales decreased from 2018 to 2019 and from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Amgen Inc.’s net income as a percentage of product sales decreased from 2018 to 2019 and from 2019 to 2020.