Merck & Co., Inc. (MRK) Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 GALLOPING HILL ROAD
KENILWORTH, NJ 07033
State of Incorp. NJ
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,1928,0968,06210,4508,8648,498
Cash and cash equivalents12,6948,0968,0629,6767,9656,092
Short-term investments498  7748992,406
Receivables9,4509,2307,8516,7787,0716,873
Inventory, net of allowances, customer advances and progress billings5,9115,9536,3105,9785,4405,096
Inventory5,9115,9536,3105,9785,4405,096
Other current assets7,1696,9875,5414,2774,5004,299
Total current assets:35,72230,26627,76427,48325,87524,766
Noncurrent Assets
Inventory, Noncurrent 2,9382,1942,1971,4801,4171,187
Operating lease, right-of-use asset 1,3461,5861,7251,073
Property, plant and equipment21,42219,27917,98615,05313,29112,439
Long-term investments and receivables1,6132,0707851,4696,23312,892
Long-term investments1,6132,0707851,4696,23312,892
Intangible assets, net (including goodwill)41,47344,19734,84233,62129,68432,467
Goodwill21,20421,26420,23819,42518,25318,284
Intangible assets, net (excluding goodwill)20,26922,93314,60414,19611,43114,183
Other noncurrent assets      
Other undisclosed noncurrent assets 4,6466,1026,2894,2186,1374,121
Total noncurrent assets:73,43875,42863,82456,91456,76263,106
TOTAL ASSETS:109,160105,69491,58884,39782,63787,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,1347,6017,8436,0616,7475,130
Interest and dividends payable1,7681,6741,5871,4581,320
Taxes payable1,2241,5757361,971708
Accounts payable4,2644,6094,5943,7383,3183,102
Accrued liabilities3,870     
Debt1,9462,4126,4313,6105,3083,057
Other liabilities14,15913,85913,05312,54910,15110,427
Total current liabilities:24,23923,87227,32722,22022,20618,614
Noncurrent Liabilities
Long-term debt and lease obligation28,74530,69025,36022,73619,80621,353
Long-term debt, excluding current maturities28,74530,69025,36022,73619,80621,353
Liabilities, other than long-term debt10,11812,87513,49713,44012,04111,117
Deferred income tax liabilities1,7953,4411,0151,470
Other liabilities8,3239,43412,48211,97012,04111,117
Other undisclosed noncurrent liabilities     1,7022,219
Total noncurrent liabilities:38,86343,56538,85736,17633,54934,689
Total liabilities:63,10267,43766,18458,39655,75553,303
Equity
Equity, attributable to parent45,99138,18425,31725,90726,70134,336
Common stock1,7881,7881,7881,7881,7881,788
Treasury stock, value(56,489)(57,109)(56,787)(55,950)(50,929)(43,794)
Additional paid in capital44,37944,23839,58839,66038,80839,902
Accumulated other comprehensive loss(4,768)(4,429)(6,634)(6,193)(5,545)(4,910)
Retained earnings61,08153,69647,36246,60242,57941,350
Equity, attributable to noncontrolling interest67738794181233
Total equity:46,05838,25725,40426,00126,88234,569
TOTAL LIABILITIES AND EQUITY:109,160105,69491,58884,39782,63787,872

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues59,28348,70447,99446,84042,29440,122
Revenue, net40,122
Cost of revenue
(Cost of Goods and Services Sold)
(17,411)(13,626)(15,485)(14,112)(13,509)(12,775)
Gross profit:41,87235,07832,50932,72828,78527,347
Operating expenses(23,927)(22,540)(24,604)(21,125)(20,486)(20,814)
Operating income:17,94512,5387,90511,6038,2996,533
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,501)1,341886(139)402(12)
Interest and debt expense(962)(806)(831)(893)(772)(191)
Income from continuing operations before equity method investments, income taxes:15,48213,0737,96010,5717,9296,330
Other undisclosed income from continuing operations before income taxes962806831893772191
Income from continuing operations before income taxes:16,44413,8798,79111,4648,7016,521
Income tax expense(1,918)(1,521)(1,709)(1,687)(2,508)(4,103)
Income from continuing operations:14,52612,3587,0829,7776,1932,418
Income before gain (loss) on sale of properties:13,0657,0829,7776,1932,418
Income from discontinued operations  707    
Net income:14,52613,0657,0829,7776,1932,418
Net income (loss) attributable to noncontrolling interest(7)(16)(15)6627(24)
Net income available to common stockholders, diluted:14,51913,0497,0679,8436,2202,394

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:14,52613,0657,0829,7776,1932,418
Other comprehensive income (loss)(339)1,756(441)(648)(361)316
Comprehensive income (loss):14,18714,8216,6419,1295,8322,734
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(16)(15)6627(24)
Comprehensive income (loss), net of tax, attributable to parent:14,18014,8056,6269,1955,8592,710

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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