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Amgen — Feb 4, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000318154-25-000005
Open on SEC.gov ↗
Showing in the filing
Dividend
“$2.25 per share”
Period
Q4 FY2024
Measure
Declared action
Source
Prose
All guidance in this release · 8
Dividend for Q4 FY2024
“$2.25 per share”
Total revenues for FY2025
“$34.3 billion to $35.7 billion”
EPS (GAAP basis) for FY2025
“$10.89 to $12.14”
Tax rate (GAAP basis) for FY2025
“11.0% to 12.5%”
EPS (non-GAAP basis) for FY2025
“$20.00 to $21.20”
Tax rate (non-GAAP basis) for FY2025
“15.0% to 16.0%”
Capital expenditures for FY2025
“approximately $2.3 billion”
Share repurchases for FY2025
“not to exceed $500 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company generated $10.4 billion of free cash flow for the full year 2024 versus $7.4 billion in 2023. AMGEN REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Page 10 • The Company’s fourth quarter 2024 dividend of $2.25 per share was declared on October 25, 2024, and was paid on December 9, 2024, to all stockholders of record as of November 18, 2024, representing a 6% increase from the same period in 2023. • During the fourth quarter, there were no repayments or extinguishments of debt. For the full year 2024, the Company reduced principal debt outstanding by $4.5 billion. • For the fourth quarter and full year, the Company repurchased 0.7 million shares of common stock at a total cost of $200 million. • Cash and investments totaled $12.0 billion and debt outstanding totaled $60.1 billion as of December 31, 2024. Debt leverage was approximately 4.5 times EBITDA as of December 31, 2024. $Billions, except shares Q4 ’24 Q4 ’23 YOY Δ FY '24 FY '23 YOY Δ Operating Cash Flow $ 4.8  $ 0.5  $ 4.2  $ 11.5  $ 8.5  $ 3.0  Capital Expenditures $ 0.4  $ 0.2  $ 0.1  $ 1.1  $ 1.1  $ 0.0  Free Cash Flow $ 4.4  $ 0.3  $ 4.1  $ 10.4  $ 7.4  $ 3.0  Dividends Paid $ 1.2  $ 1.1  $ 0.1  $ 4.8  $ 4.6  $ 0.3  Share Repurchases $ 0.2  $ —  $ 0.2  $ 0.2  $ —  $ 0.2  Average Diluted Shares (millions) 542  540  2  541  538  3  Note: Numbers may not add due to rounding $Billions 12/31/24 12/31/23 YTD Δ Cash and Investments $ 12.0  $ 1
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.