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.
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Amgen Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 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 analysis of the quarterly financial data reveals several key trends and fluctuations across various liability and equity accounts over the specified periods.
- Accounts Payable
- Accounts payable exhibited some volatility, increasing from $1,338 million in March 2020 to a peak of $2,406 million in March 2025. This indicates growing short-term obligations, particularly noticeable from mid-2023 onward with significant quarterly surges.
- Accrued Liabilities
- Accrued liabilities showed an overall upward trend from $8,649 million in March 2020 to $17,234 million in March 2025, with intermittent fluctuations. There was a steady increase especially visible during 2022 and 2023, suggesting rising accrued expenses or obligations.
- Current Portion of Long-Term Debt
- This item demonstrated notable volatility, with sharp decreases early in 2020, followed by increases and decreases across periods. The value rose again substantially, peaking at $5,528 million in June 2024 before slightly declining to $3,368 million in March 2025, reflecting refinancing or debt restructuring activities impacting short-term debt classifications.
- Current Liabilities
- Current liabilities moved upward overall, from $11,827 million in March 2020 to $23,008 million in March 2025, with some fluctuations. Growth accelerated from 2022 onwards, indicative of increasing short-term obligations and potential liquidity considerations.
- Long-Term Debt, Excluding Current Portion
- Long-term debt showed considerable increases and decreases through the quarters. Starting at $30,008 million in March 2020, it peaked at $60,761 million in March 2023 before declining gradually to $54,013 million by March 2025. This trend may be attributed to new borrowings followed by repayments or refinancings.
- Long-Term Deferred Tax Liabilities
- Data for this item began only in June 2023, showing a decreasing pattern from $2,354 million to $1,510 million by June 2024, suggesting adjustments in deferred tax positions or tax planning impacts.
- Long-Term Tax Liabilities
- Long-term tax liabilities declined significantly from $8,111 million in March 2020 to $2,419 million in March 2025. The downward trend indicates a reduction in tax-related long-term obligations over the analyzed period.
- Other Noncurrent Liabilities
- Other noncurrent liabilities remained relatively stable, fluctuating moderately between $2,110 million and $2,732 million without a clear trend, pointing to consistent noncurrent obligations outside of major debt or tax liabilities.
- Noncurrent Liabilities
- Noncurrent liabilities mirrored the patterns observed in long-term debt and tax liabilities, starting at $40,357 million in March 2020, rising sharply to $72,530 million by December 2023, and then decreasing to $60,152 million in March 2025. This reflects overall debt management and reclassification effects.
- Total Liabilities
- Total liabilities showed growth from $52,184 million in March 2020 to a peak of $90,922 million in December 2023, before declining to $83,160 million by March 2025. This indicates an expansion of the company's obligations, with some reduction towards the end of the period.
- Common Stock and Additional Paid-in Capital
- The equity account increased gradually over time, from $31,525 million in March 2020 to $33,578 million in March 2025, reflecting steady increases in shareholders’ equity contributions or retained earnings adjustments.
- Accumulated Deficit
- The accumulated deficit consistently remained negative and fluctuated between -$21,378 million and -$29,568 million. There were signs of reduction in the deficit around 2022 and 2023, though it again deepened toward March 2025, indicating ongoing net losses or distribution impacts.
- Accumulated Other Comprehensive Loss
- This section showed relatively minor fluctuations, ranging from around -$126 million to -$985 million, with some decreases in losses during the latest periods, suggesting less volatility in comprehensive income components.
- Stockholders’ Equity
- Stockholders’ equity declined sharply from $9,485 million in March 2020 to a low of $916 million in March 2022, then gradually increased to $7,656 million in September 2023 before falling again to $6,207 million in March 2025. The fluctuations indicate equity fluctuations likely affected by net income variations, dividends, or other comprehensive income changes.
- Total Liabilities and Stockholders’ Equity
- Total liabilities and equity combined ranged between $59,196 million and $97,154 million, peaking in December 2023 and reflecting the overall growth and variability in the company’s financing and capital structure throughout the period.