Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Merck & Co. Inc. (NYSE:MRK)

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Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Merck & Co. Inc., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current assets
Adjustments
Add: Allowance for doubtful accounts
Add: LIFO reserve1
After Adjustment
Adjusted current assets

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 LIFO reserve. See details »


Adjustments to Total Assets

Merck & Co. Inc., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Less: Deferred income tax assets (included in Other assets)3
After Adjustment
Adjusted total assets

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 LIFO reserve. See details »

3 Deferred income tax assets (included in Other assets). See details »


Adjustments to Total Liabilities

Merck & Co. Inc., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred income tax liabilities2
Less: Restructuring reserves
After Adjustment
Adjusted total liabilities

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred income tax liabilities. See details »


Adjustments to Stockholders’ Equity

Merck & Co. Inc., adjusted total Merck & Co., Inc. stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total Merck & Co., Inc. stockholders’ equity
Adjustments
Less: Net deferred income taxes1
Add: Allowance for doubtful accounts
Add: LIFO reserve2
Add: Restructuring reserves
Add: Noncontrolling interests
After Adjustment
Adjusted total equity

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 Net deferred income taxes. See details »

2 LIFO reserve. See details »


Adjustments to Capitalization Table

Merck & Co. Inc., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Loans payable and current portion of long-term debt
Long-term debt, excluding current portion
Total reported debt
Total Merck & Co., Inc. stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liability (included in Accrued and other current liabilities)2
Add: Noncurrent operating lease liability (included in Other noncurrent liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Net deferred income taxes4
Add: Allowance for doubtful accounts
Add: LIFO reserve5
Add: Restructuring reserves
Add: Noncontrolling interests
Adjusted total equity
After Adjustment
Adjusted total capital

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liability (included in Accrued and other current liabilities). See details »

3 Noncurrent operating lease liability (included in Other noncurrent liabilities). See details »

4 Net deferred income taxes. See details »

5 LIFO reserve. See details »


Adjustments to Reported Income

Merck & Co. Inc., adjusted net income attributable to Merck & Co., Inc.

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Net income attributable to Merck & Co., Inc.
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for doubtful accounts
Add: Increase (decrease) in LIFO reserve2
Add: Increase (decrease) in restructuring reserves
Add: Other comprehensive income (loss) net of taxes
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-26).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »