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.

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

US$ in millions

		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
	Marketable securities
	Trade receivables, net
	Inventories
	Other current assets
	Current assets
	Property, plant and equipment, net
	Intangible assets, net
	Goodwill
	Other noncurrent assets
	Noncurrent assets
	Total assets

The financial data presents a detailed overview of the company's asset composition over multiple quarters from March 31, 2020, to March 31, 2025. Analyzing the trends offers insight into the liquidity, operational efficiency, and asset management strategies in place over this period.

Cash and Cash Equivalents: This category demonstrates notable fluctuations. There is a substantial increase beginning from December 31, 2022, peaking notably at March 31, 2023 ($31,560 million) and June 30, 2023 ($34,248 million), before declining sharply by December 31, 2023, and remaining lower but somewhat stable thereafter. The early years (2020-2021) show moderate variation with a minor peak in September 2021 ($11,969 million).
Marketable Securities: Marketable securities show irregular amounts with higher values occurring only sporadically. Notably, there is a peak at June 30, 2020 ($2,276 million) and September 30, 2020 ($3,273 million), followed by a decline to minimal amounts from June 30, 2023 onward, where values are mostly missing except for a low figure at March 31, 2023 ($1 million).
Trade Receivables, Net: Trade receivables have a generally upward trajectory over the period, growing from $5,009 million in March 2020 to $8,132 million in September 2024, indicating increasing sales or extended credit terms. The rise is steady and consistent, with a particularly strong increase from March 2023 onward.
Inventories: Inventory levels increase gradually until December 2023, followed by a sharp rise at March 31, 2024 ($9,518 million) and then a gradual decrease through to March 2025. This could indicate a buildup of stock, possibly in anticipation of demand or supply chain dynamics.
Other Current Assets: Other current assets remain relatively stable with minor fluctuations, showing a slight increasing tendency from 2023 onwards, reaching $3,277 million by March 31, 2025.
Current Assets: Current assets show moderate volatility with a significant spike in the first quarter of 2023, reaching $44,703 million, which aligns with the surge in cash equivalents early that year. After this spike, current assets decrease and stabilize between $26,000 million and $29,000 million towards the end of the period.
Property, Plant and Equipment, Net: This category trends upward gradually from $4,879 million in March 2020 to $6,681 million by March 2025, reflecting steady investments in fixed assets.
Intangible Assets, Net: Intangible assets show a consistent downward trend from $18,653 million in March 2020 to $13,150 million by September 2023, followed by a sharp increase to $32,641 million in March 2024, then a gradual decline thereafter. This volatility may indicate asset revaluation, acquisitions, or impairments.
Goodwill: Goodwill remains relatively stable throughout, with a slight increase noted around December 2022 and March 2024, rising from approximately $14,683 million to over $18,600 million, suggesting periodic acquisition activity.
Other Noncurrent Assets: Other noncurrent assets show a generally upward pattern, increasing from $4,641 million in March 2020 to $11,388 million by March 2025, indicating ongoing investments or asset reclassifications.
Noncurrent Assets: Noncurrent assets overall follow a fluctuating but relatively stable pattern until December 2023, after which there is a significant rise to $66,822 million by March 2024, followed by a slight decrease but remaining significantly elevated compared to earlier periods.
Total Assets: Total assets trend upward overall, peaking sharply in March 2024 at $97,154 million, driven largely by increases in current and noncurrent assets. Post-peak, the asset base contracts slightly but remains elevated relative to the initial years, reflecting growth and asset accumulation.

In summary, the company shows substantial variability in liquidity positions, especially cash and equivalents, with significant peaks in early 2023 and 2024. Trade receivables and inventories exhibit growth indicating expanding operational scale. Fixed and intangible assets reflect ongoing investments and possible restructuring or acquisition activities, particularly pronounced in 2024. The notable spikes in asset values around early 2023 and 2024 suggest periods of significant capital deployment or strategic repositioning.

Assets: Selected Items

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Current Assets: Selected Items