Stock Analysis on Net
Stock Analysis on Net

Amgen Inc. (NASDAQ:AMGN)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area

Try for free

Amgen Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Amgen Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
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
Accounts payable
Accrued liabilities
Current portion of long-term debt
Current liabilities
Long-term debt, excluding current portion
Long-term deferred tax liabilities
Long-term tax liabilities
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock and additional paid-in capital; $0.0001 par value
Accumulated deficit
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

The financial data reveals several notable trends and shifts in the company’s quarterly performance, particularly in liabilities and stockholders’ equity over the five-year span.

Current Liabilities
Accounts payable fluctuated moderately, with a peak occurring toward the end of 2025, reaching highs above US$3 billion. Accrued liabilities showed a general upward trend, increasing from around US$8.6 billion in early 2020 to over US$17 billion by mid-2025, signaling rising short-term obligations. The current portion of long-term debt exhibited considerable volatility, with significant spikes in mid-2021 and again in the second half of 2024, indicating periods of maturing debt requiring near-term repayment.
Total Current Liabilities
There was an overall upward trajectory in current liabilities, increasing from approximately US$11.8 billion in Q1 2020 to peaks near US$23 billion in the middle of 2025. This increase was driven by growth in accrued liabilities and fluctuating amounts of current portion long-term debt and accounts payable, reflecting enhanced short-term financial commitments.
Long-Term Debt and Liabilities
The long-term debt (excluding current portion) trends initially indicated modest fluctuation, with values oscillating around US$30 billion to US$37 billion in the early periods, but a sharp increase is observed starting in 2023, with long-term debt peaking over US$63 billion by the end of 2023 and maintaining high levels up to mid-2025. This suggests significant new borrowing or refinancing activities. Long-term deferred tax liabilities appeared in later periods, suggesting changes in tax positions or accounting standards. Long-term tax liabilities generally declined from above US$8 billion in early 2020 to just above US$2 billion by mid-2025, reflecting potentially lower taxable temporary differences or tax settlements.
Other Noncurrent Liabilities and Noncurrent Liabilities
Other noncurrent liabilities remained relatively stable, with small fluctuations around US$2.2 billion to US$2.7 billion. The total noncurrent liabilities, however, demonstrated an increase, especially in 2023, paralleling the rise in long-term debt, peaking at over US$72 billion in late 2023 before easing slightly but remaining elevated above US$58 billion through mid-2025. This pattern strongly highlights an increasingly leveraged long-term financial position.
Total Liabilities
Total liabilities exhibited growth from near US$52 billion in early 2020, peaking near US$91 billion by the end of 2023 and stabilizing somewhat near US$80 billion by mid-2025. The sharp increase in liabilities underscores heavier debt obligations and other liabilities, which may impact solvency and risk measures.
Stockholders’ Equity
Stockholders’ equity showed significant volatility, beginning around US$9.5 billion in early 2020, dropping drastically to under US$1 billion by early 2022, before recovering somewhat and increasing to nearly US$9.6 billion by the end of the observed timeframe. The fluctuations in equity appear linked primarily to a large accumulated deficit, which varied between approximately -US$21 billion and improved from -US$29.5 billion in 2022 to roughly -US$23.8 billion by mid-2025. This trajectory suggests periods of substantial losses impacting retained earnings and overall net worth.
Overall Financial Position
Total liabilities and stockholders' equity combined fluctuated around US$61 billion in early 2020, rose markedly above US$97 billion by late 2023, and then declined to just above US$90 billion by mid-2025. The considerable increase in liabilities relative to equity suggests increased financial leverage and potential pressure on capital structure stability. The improving equity from 2022 onward may indicate some recovery in profitability or capital injection.

In summary, the data reveals a trend towards greater leverage with increasing debt levels, especially long-term debt, and rising current liabilities. Equity experienced significant erosion followed by partial recovery, highlighting profitability and loss challenges. These patterns are indicative of heightened financial risk, with elevated obligations due in the short and long term, requiring ongoing monitoring and management focus.