Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Amgen Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	9,445)	8,028)	8,810)	11,973)	9,011)	9,301)	9,708)	10,944)	34,741)	34,248)	31,560)	7,629)	9,502)	5,203)	6,528)	7,989)	11,969)	6,630)	6,112)	6,266)	9,087)	9,145)	7,687)
Marketable securities	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1)	1,676)	1,976)	1,980)	16)	48)	952)	1,452)	4,454)	4,381)	3,273)	2,276)	325)
Trade receivables, net	8,490)	8,701)	8,132)	6,782)	7,317)	6,934)	6,776)	7,268)	6,145)	5,830)	5,736)	5,563)	5,326)	5,327)	5,077)	4,895)	4,765)	4,479)	4,423)	4,525)	4,094)	5,366)	5,009)
Inventories	6,346)	6,583)	6,729)	6,998)	7,362)	7,995)	8,724)	9,518)	5,026)	4,978)	5,011)	4,930)	4,757)	4,554)	4,411)	4,086)	4,152)	4,115)	4,017)	3,893)	3,942)	3,840)	3,682)
Other current assets	3,604)	3,422)	3,258)	3,277)	3,076)	2,976)	2,821)	2,602)	2,565)	2,324)	2,395)	2,388)	2,501)	2,258)	2,488)	2,367)	2,542)	2,423)	2,293)	2,079)	2,265)	2,268)	2,110)
Current assets	27,885)	26,734)	26,929)	29,030)	26,766)	27,206)	28,029)	30,332)	48,477)	47,380)	44,703)	22,186)	24,062)	19,322)	18,520)	19,385)	24,380)	19,099)	21,299)	21,144)	22,661)	22,895)	18,813)
Property, plant and equipment, net	7,220)	6,855)	6,681)	6,543)	6,156)	6,097)	6,002)	5,941)	5,563)	5,532)	5,460)	5,427)	5,188)	5,158)	5,142)	5,184)	4,982)	4,906)	4,855)	4,889)	4,816)	4,843)	4,879)
Intangible assets, net	23,139)	24,614)	25,724)	27,699)	28,920)	30,172)	31,372)	32,641)	13,150)	14,633)	15,393)	16,080)	13,266)	13,927)	14,567)	15,182)	14,659)	15,308)	15,947)	16,587)	17,254)	17,948)	18,653)
Goodwill	18,676)	18,674)	18,645)	18,637)	18,658)	18,616)	18,570)	18,629)	15,509)	15,531)	15,531)	15,529)	14,845)	14,865)	14,897)	14,890)	14,665)	14,676)	14,673)	14,689)	14,674)	14,678)	14,683)
Other noncurrent assets	13,221)	11,020)	11,388)	9,930)	10,383)	8,816)	9,007)	9,611)	7,835)	7,193)	7,633)	5,899)	6,339)	6,022)	6,070)	6,524)	6,307)	5,784)	5,765)	5,639)	5,232)	4,647)	4,641)
Noncurrent assets	62,256)	61,163)	62,438)	62,809)	64,117)	63,701)	64,951)	66,822)	42,057)	42,889)	44,017)	42,935)	39,638)	39,972)	40,676)	41,780)	40,613)	40,674)	41,240)	41,804)	41,976)	42,116)	42,856)
Total assets	90,141)	87,897)	89,367)	91,839)	90,883)	90,907)	92,980)	97,154)	90,534)	90,269)	88,720)	65,121)	63,700)	59,294)	59,196)	61,165)	64,993)	59,773)	62,539)	62,948)	64,637)	65,011)	61,669)

Cash and Cash Equivalents: Cash and cash equivalents exhibited notable volatility over the analyzed periods. A substantial increase occurred at the end of March 2023, rising sharply from prior quarterly levels to peak above 34 billion USD in mid-2023, followed by a marked decline towards the end of 2023 and into 2024, stabilizing around 9 to 11 billion USD in late 2024 and early 2025.
Marketable Securities: Marketable securities showed fluctuating patterns with a peak in late 2020 exceeding 4 billion USD, dropping sharply by the end of 2021 to below 100 million USD, and then again showing sparse data without clear trend continuity.
Trade Receivables, Net: Trade receivables presented a steadily increasing trajectory across the entire timeframe, growing from approximately 5 billion USD in early 2020 to over 8.4 billion USD by the third quarter of 2025, indicating expanding credit sales or receivables management.
Inventories: Inventory levels demonstrated a gradual increase through 2023, peaking sharply at over 9.5 billion USD at the end of 2023 before steadily declining throughout 2024 and 2025 to around 6.3 billion USD, suggesting adjustments in stock management or sales cycles.
Other Current Assets: Other current assets remained relatively stable with slight growth, ranging mostly between 2.1 and 3.6 billion USD, showing no major volatility or abrupt changes.
Current Assets: Current assets expanded markedly from early 2023, increasing from around 22 billion USD to nearly 48.5 billion USD by late 2023. Subsequently, they decreased, settling in the 26 to 29 billion USD range through 2024 and the first half of 2025, reflecting fluctuations in cash, receivables, inventories, and marketable securities.
Property, Plant, and Equipment, Net: Net property, plant, and equipment rose gradually over time, starting just under 5 billion USD in 2020 and reaching over 7.2 billion USD by the third quarter of 2025, indicative of ongoing capital investments or asset acquisitions.
Intangible Assets, Net: Intangible assets decreased consistently from mid-2020, declining from around 18.7 billion USD to approximately 13 billion USD by late 2023. A sharp increase was noted in early 2024 to above 32 billion USD before a steady downward trend resumed, ending at roughly 23 billion USD by late 2025. This pattern reflects significant impairment, amortization, or revaluation events combined with possible acquisitions.
Goodwill: Goodwill balances remained relatively stable and showed a gradual increase from approximately 14.7 billion USD in early 2020 to near 18.7 billion USD by late 2025, indicating possible acquisitions or adjustments in estimates.
Other Noncurrent Assets: Other noncurrent assets fluctuated moderately, rising from around 4.6 billion USD in early 2020 to over 13 billion USD by the third quarter of 2025, suggesting growing investments or long-term asset accumulation.
Noncurrent Assets: Noncurrent assets demonstrated relative stability through 2020 to 2023 around 41-44 billion USD, followed by a significant jump in early 2024 to over 66 billion USD coinciding with changes in intangible assets and goodwill, then a gradual decrease to approximately 62 billion USD by late 2025.
Total Assets: Total assets remained broadly steady between approximately 61.7 billion USD and 65 billion USD from 2020 through 2023. A substantial increase occurred in early 2024, with totals reaching nearly 97 billion USD, reflecting underlying changes in assets categories. Subsequently, total assets retraced and stabilized in the high 80 billion USD range through mid-2025.

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Amgen Inc. (NASDAQ:AMGN)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data