Merck & Company, Inc. (MRK) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,06210,4508,8648,49814,34113,42715,719
Cash and cash equivalents8,0629,6767,9656,0926,5158,5247,441
Short-term investments 7748992,4067,8264,9038,278
Receivables7,8516,7787,0716,8737,0186,4846,626
Inventory, net of allowances, customer advances and progress billings6,3105,9785,4405,0964,8664,7005,571
Inventory6,3105,9785,4405,0964,8664,7005,571
Other current assets5,5414,2774,5004,2994,3895,153 
Other undisclosed current assets      5,257
Total current assets:27,76427,48325,87524,76630,61429,76433,173
Noncurrent Assets
Inventory, Noncurrent2,1971,4801,4171,1871,1171,5001,600
Operating lease, right-of-use asset1,7251,073
Property, plant and equipment17,98615,05313,29112,43912,02612,50713,136
Long-term investments and receivables7851,4696,23312,89212,13113,75113,932
Long-term investments7851,4696,23312,89212,13113,74113,852
Accounts and financing receivable, after allowance for credit loss     1080
Intangible assets, net (including goodwill)34,84233,62129,68432,46735,46740,32533,378
Goodwill20,23819,42518,25318,28418,16217,72312,992
Intangible assets, net (excluding goodwill)14,60414,19611,43114,18317,30522,60220,386
Regulated entity, other noncurrent assets     100 
Other undisclosed noncurrent assets6,2894,2186,1374,1214,0223,8323,116
Total noncurrent assets:63,82456,91456,76263,10664,76372,01565,162
TOTAL ASSETS:91,58884,39782,63787,87295,377101,77998,335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,8436,0616,7475,1306,3625,4025,539
Accounts payable4,5943,7383,3183,1022,8072,5332,625
Taxes payable1,5757361,9717082,2391,5601,606
Interest and dividends payable1,6741,5871,4581,3201,3161,3091,308
Debt6,4313,6105,3083,0575682,5852,704
Other liabilities13,05312,54910,15110,42710,27411,21610,523
Total current liabilities:27,32722,22022,20618,61417,20419,20318,766
Noncurrent Liabilities
Long-term debt and lease obligation25,36022,73619,80621,35324,27423,92918,699
Long-term debt, excluding current maturities25,36022,73619,80621,35324,27423,92918,699
Liabilities, other than long-term debt13,49713,44012,04111,11713,59113,88012,079
Deferred tax liabilities, net  5,0776,5354,266
Deferred income tax liabilities1,0151,470
Other liabilities12,48211,97012,04111,1178,5147,3457,813
Other undisclosed noncurrent liabilities  1,7022,219   
Total noncurrent liabilities:38,85736,17633,54934,68937,86537,80930,778
Total liabilities:66,18458,39655,75553,30355,06957,01249,544
Stockholders' equity
Stockholders' equity attributable to parent25,31725,90726,70134,33640,08844,67648,647
Common stock1,7881,7881,7881,7881,7881,7881,788
Treasury stock, value(56,787)(55,950)(50,929)(43,794)(40,546)(38,534)(35,262)
Additional paid in capital39,58839,66038,80839,90239,93940,22240,423
Accumulated other comprehensive loss(6,634)(6,193)(5,545)(4,910)(5,226)(4,148)(4,323)
Retained earnings47,36246,60242,57941,35044,13345,34846,021
Stockholders' equity attributable to noncontrolling interest879418123322091144
Total stockholders' equity:25,40426,00126,88234,56940,30844,76748,791
TOTAL LIABILITIES AND EQUITY:91,58884,39782,63787,87295,377101,77998,335

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues47,99446,84042,29440,12239,80739,49842,237
Revenue, net40,12239,80739,49842,237
Cost of revenue
(Cost of Goods and Services Sold)
(15,485)(14,112)(13,509)(12,775)(13,891)(14,934)(16,768)
Gross profit:32,50932,72828,78527,34725,91624,56425,469
Operating expenses(24,604)(21,125)(20,486)(20,814)(21,162)(17,636)(25,221)
Operating income:7,90511,6038,2996,5334,7546,928248
Nonoperating income (expense)886(139)402(12)(720)(1,527)23,392
Investment income, nonoperating      12,216
Other nonoperating income (expense)886(139)402(12)(720)(1,527)11,356
Interest and debt expense(831)(893)(772)(191)(693)(672)(1,360)
Income from continuing operations before equity method investments, income taxes:7,96010,5717,9296,3303,3414,72922,280
Income from equity method investments      257
Other undisclosed income (loss) from continuing operations before income taxes8318937721911,318672(5,254)
Income from continuing operations before income taxes:8,79111,4648,7016,5214,6595,40117,283
Income tax expense(1,709)(1,687)(2,508)(4,103)(718)(942)(5,349)
Net income:7,0829,7776,1932,4183,9414,45911,934
Net income (loss) attributable to noncontrolling interest(15)6627(24)(21)(17)(14)
Net income available to common stockholders, diluted:7,0679,8436,2202,3943,9204,44211,920

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7,0829,7776,1932,4183,9414,45911,934
Other comprehensive income (loss)(441)(648)(361)316(1,078)175(2,126)
Comprehensive income:6,6419,1295,8322,7342,8634,6349,808
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15)6627(24)(21)(17)(14)
Comprehensive income, net of tax, attributable to parent:6,6269,1955,8592,7102,8424,6179,794

Statements sources

The financial statements are based on the company's filings with the 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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