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    Amgen IS Analysis PDF

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    1. Total revenues for Amgen in 2017, 2016 and 2015 were $22849 million, $22991 million and $21662 million respectively. 2. The growth rates for total revenues from 2016-2017 and 2015-2016 were -0.6% and 6.1% respectively. 3. Over the three year period, total revenues grew from 2015 to 2016 but declined slightly from 2016 to 2017, while net income grew from 2015 to 2016 but declined sharply from 2016 to 2017.

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    Amgen IS Analysis PDF

    Uploaded by

    Ni
    99 views2 pages
    1. Total revenues for Amgen in 2017, 2016 and 2015 were $22849 million, $22991 million and $21662 million respectively. 2. The growth rates for total revenues from 2016-2017 and 2015-2016 were -0.6% and 6.1% respectively. 3. Over the three year period, total revenues grew from 2015 to 2016 but declined slightly from 2016 to 2017, while net income grew from 2015 to 2016 but declined sharply from 2016 to 2017.

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    1. Total revenues for Amgen in 2017, 2016 and 2015 were $22849 million, $22991 million and $21662 million respectively. 2. The growth rates for total revenues from 2016-2017 and 2015-2016 were -0.6% and 6.1% respectively. 3. Over the three year period, total revenues grew from 2015 to 2016 but declined slightly from 2016 to 2017, while net income grew from 2015 to 2016 but declined sharply from 2016 to 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    99 views2 pages

    Amgen IS Analysis PDF

    Uploaded by

    Ni
    1. Total revenues for Amgen in 2017, 2016 and 2015 were $22849 million, $22991 million and $21662 million respectively. 2. The growth rates for total revenues from 2016-2017 and 2015-2016 were -0.6% and 6.1% respectively. 3. Over the three year period, total revenues grew from 2015 to 2016 but declined slightly from 2016 to 2017, while net income grew from 2015 to 2016 but declined sharply from 2016 to 2017.

    Copyright:

    © All Rights Reserved
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    Years ended December 31, 2017, 2016 and 2015

    Growth Rate %age of Revenue


    $M FY15 FY16 FY17 FY15-16 FY16-17 FY15 FY16 FY17
    Revenues:
    Product sales 20944 21892 21795 4.5% (0.4%) 96.7% 95.2% 95.4%
    Other revenues 718 1099 1054 53.1% (4.1%) 3.3% 4.8% 4.6%
    Total revenues 21662 22991 22849 6.1% (0.6%) 100.0% 100.0% 100.0%
    Operating expenses:
    Cost of sales 4227 4162 4069 (1.5%) (2.2%) 19.5% 18.1% 17.8%
    Research and development 4070 3840 3562 (5.7%) (7.2%) 18.8% 16.7% 15.6%
    Selling, general and administrative 4846 5062 4870 4.5% (3.8%) 22.4% 22.0% 21.3%
    Other 49 133 375 171.4% 182.0% 0.2% 0.6% 1.6%
    Total operating expenses 13192 13197 12876 0.0% (2.4%) 60.9% 57.4% 56.4%
    Operating income 8470 9794 9973 15.6% 1.8% 39.1% 42.6% 43.6%
    Interest expense, net 1095 1260 1304 15.1% 3.5% 5.1% 5.5% 5.7%
    Interest and other income, net 603 629 928 4.3% 47.5% 2.8% 2.7% 4.1%
    Income before income taxes 7978 9163 9597 14.9% 4.7% 36.8% 39.9% 42.0%
    Provision for income taxes 1039 1441 7618 38.7% 428.7% 4.8% 6.3% 33.3%
    Net income 6939 7722 1979 11.3% (74.4%) 32.0% 33.6% 8.7%
    Other comprehensive (loss) income, net of reclassification adjustments and taxes:
    Foreign currency translation gains (losses) (247) (99) 81 (59.9%) (181.8%) (1.1%) (0.4%) 0.4%
    Effective portion of cash flow hedges 7 (15) (288) (314.3%) 1820.0% 0.0% (0.1%) (1.3%)
    Net unrealized (losses) gains on available-for-sale securities (241) 122 (6) (150.6%) (104.9%) (1.1%) 0.5% (0.0%)
    Other 9 1 5 (88.9%) 400.0% 0.0% 0.0% 0.0%
    Other comprehensive (loss) income, net of tax (472) 9 (208) (101.9%) (2411.1%) (2.2%) 0.0% (0.9%)
    Comprehensive income 6467 7731 1771 19.5% (77.1%) 29.9% 33.6% 7.8%

    Income Statement (pg. F-2 in Amgen 2017’s 10-K)

    1. What are total revenues for Amgen for 2017, 2016, & 2015?
    The Total Revenues for Amgen for the respective years are as follows:

    $M FY15 FY16 FY17


    Total revenues 21662 22991 22849

    2. What was the growth rate for total revenues from 2016-2017 and 2015-2016?
    The growth rates for total revenues from 2016-2017 and 2015-2016 are as follows:

    Growth Rate
    $M FY15 FY16 FY17 FY15-16 FY16-17
    Total revenues 21662 22991 22849 6.1% (0.6%)

    3. Describe any differences that you detect over the three-year period 2017-2015.

    4. What is R&D for Amgen for 2017, 2016, & 2015?


    The R&D for Amgen for the respective years are as follows:

    $M FY15 FY16 FY17


    Research and development 4070 3840 3562

    5. What were the growth rates for R&D for 2016-2017 and 2015-2016?
    The growth rates for R&D from 2016-2017 and 2015-2016 are as follows:

    Growth Rate
    $M FY15 FY16 FY17 FY15-16 FY16-17
    Research and development 4070 3840 3562 (5.7%) (7.2%)

    6. What was net income (Earnings) for Amgen for 2017, 2016, & 2015?
    The net income (Earnings) for Amgen for the respective years are as follows:

    $M FY15 FY16 FY17


    Net income 6939 7722 1979

    7. What was the growth rate in net income for Amgen from 2016-2017 and 2015-2016?
    The growth rates for net income from 2016-2017 and 2015-2016 are as follows:

    Growth Rate
    $M FY15 FY16 FY17 FY15-16 FY16-17
    Net income 6939 7722 1979 11.3% (74.4%)

    8. Compare and contrast the growth of total revenue with the growth in net income (earnings)?
    Growth Rate
    $M FY15 FY16 FY17 FY15-16 FY16-17
    Total revenues 21662 22991 22849 6.1% (0.6%)
    Net income 6939 7722 1979 11.3% (74.4%)

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