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Amgen Inc. (AMGN)


Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Difficulty: Beginner

Amgen Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Accounts payable 1.82 1.69 1.18 1.35 1.76
Sales deductions 4.77 2.81 2.41 2.08 2.00
Employee compensation and benefits 1.51 1.02 1.19 1.28 1.33
Dividends payable 1.38 1.19 1.09 1.05 0.87
Sales returns reserve 0.81 0.57 0.56 0.54 0.52
Other 3.38 2.56 2.32 2.66 2.95
Accrued liabilities 11.84% 8.15% 7.58% 7.62% 7.67%
Current portion of long-term debt 6.65 1.44 5.67 3.14 0.72
Current liabilities 20.31% 11.28% 14.43% 12.11% 10.16%
Long-term debt, excluding current portion 44.43 42.76 38.90 40.94 43.78
Long-term deferred tax liabilities 1.30 1.46 3.14 3.13 5.02
Long-term tax liabilities 13.20 11.38 3.12 2.76 0.00
Other noncurrent liabilities 1.93 1.55 1.93 1.83 3.69
Noncurrent liabilities 60.87% 57.15% 47.08% 48.66% 52.49%
Total liabilities 81.18% 68.43% 61.51% 60.76% 62.65%
Common stock and additional paid-in capital; $0.0001 par value per share 47.05 38.76 39.66 42.82 44.07
Accumulated deficit -27.07 -6.34 -0.56 -2.91 -6.70
Accumulated other comprehensive loss -1.16 -0.85 -0.61 -0.67 -0.01
Stockholders’ equity 18.82% 31.57% 38.49% 39.24% 37.35%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-16), 10-K (filing date: 2015-02-19).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Amgen Inc.’s current liabilities as a percentage of total liabilities and stockholders’ equity declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Amgen Inc.’s noncurrent liabilities as a percentage of total liabilities and stockholders’ equity increased from 2016 to 2017 and from 2017 to 2018.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Amgen Inc.’s total liabilities as a percentage of total liabilities and stockholders’ equity increased from 2016 to 2017 and from 2017 to 2018.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Amgen Inc.’s stockholders’ equity as a percentage of total liabilities and stockholders’ equity declined from 2016 to 2017 and from 2017 to 2018.