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

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	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
Cash and cash equivalents	13,989)	12,038)	9,129)	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)
Marketable securities	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1)	1,676)	1,976)	1,980)	16)	48)	952)	1,452)	4,454)
Trade receivables, net	10,227)	9,138)	9,570)	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)
Inventories	6,220)	6,186)	6,225)	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)
Other current assets	4,525)	4,113)	4,133)	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)
Current assets	34,961)	31,475)	29,057)	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)
Property, plant and equipment, net	8,547)	8,216)	7,913)	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)
Intangible assets, net	20,487)	21,379)	22,276)	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)
Goodwill	18,668)	18,674)	18,680)	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)
Other noncurrent assets	12,976)	12,760)	12,660)	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)
Noncurrent assets	60,678)	61,029)	61,529)	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)
Total assets	95,639)	92,504)	90,586)	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)

Total assets demonstrate a long-term growth trajectory, rising from 62.5 billion in March 2021 to 95.6 billion by June 2026. This expansion is characterized by a significant structural shift in the asset base occurring during 2023, transitioning from a period of relative stability to a substantially higher asset floor.

Liquidity and Cash Management: Cash and cash equivalents exhibited extreme volatility between March 2023 and December 2023, peaking at 34.7 billion in September 2023 before returning to a baseline range of 8 billion to 14 billion. Concurrently, marketable securities were phased out entirely by March 2023, suggesting a strategic shift in short-term investment holdings toward immediate liquidity.
Working Capital Trends: Trade receivables show a consistent and steady upward trend, increasing from 4.4 billion in March 2021 to 10.2 billion by June 2026, indicating growth in credit sales or a lengthening of the collection cycle. Inventories remained stable between 4 billion and 5 billion for most of the period, with a notable anomalous spike to 9.5 billion in December 2023, followed by a gradual correction toward 6.2 billion.
Noncurrent Asset Expansion: Property, plant, and equipment (PP&E) maintained a continuous growth pattern, increasing from 4.8 billion in March 2021 to 8.5 billion in June 2026, reflecting sustained capital expenditure. A major increase in noncurrent assets occurred in December 2023, where intangible assets jumped from 13.1 billion to 32.6 billion and goodwill rose from 15.5 billion to 18.6 billion. This pattern is indicative of a large-scale acquisition.
Intangible Asset Amortization: Following the peak in December 2023, intangible assets entered a period of steady decline, falling to 20.4 billion by June 2026. This consistent downward trend suggests the systematic amortization of acquired intangible assets over time, while goodwill remained remarkably stable at approximately 18.6 billion during the same period.

The overall financial position shifted from a leaner balance sheet in 2021 and 2022 to a more asset-heavy structure by 2026. The convergence of a sharp increase in cash during mid-2023 followed by a surge in intangibles and goodwill in late 2023 points to a significant corporate transaction that permanently elevated the company's total asset base.

Amgen Inc. (NASDAQ:AMGN)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Amgen Inc. (NASDAQ:AMGN)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data