Merck & Company, Inc. (MRK) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,0968,06210,4508,8648,49814,34113,427
Cash and cash equivalents8,0968,0629,6767,9656,0926,5158,524
Short-term investments  7748992,4067,8264,903
Receivables9,2307,8516,7787,0716,8737,0186,484
Inventory, net of allowances, customer advances and progress billings5,9536,3105,9785,4405,0964,8664,700
Inventory5,9536,3105,9785,4405,0964,8664,700
Other current assets6,9875,5414,2774,5004,2994,3895,153
Total current assets:30,26627,76427,48325,87524,76630,61429,764
Noncurrent Assets
Inventory, Noncurrent2,1942,1971,4801,4171,1871,1171,500
Operating lease, right-of-use asset1,5861,7251,073
Property, plant and equipment19,27917,98615,05313,29112,43912,02612,507
Long-term investments and receivables2,0707851,4696,23312,89212,13113,751
Long-term investments2,0707851,4696,23312,89212,13113,741
Accounts and financing receivable, after allowance for credit loss      10
Intangible assets, net (including goodwill)44,19734,84233,62129,68432,46735,46740,325
Goodwill21,26420,23819,42518,25318,28418,16217,723
Intangible assets, net (excluding goodwill)22,93314,60414,19611,43114,18317,30522,602
Regulated entity, other noncurrent assets      100
Other undisclosed noncurrent assets6,1026,2894,2186,1374,1214,0223,832
Total noncurrent assets:75,42863,82456,91456,76263,10664,76372,015
TOTAL ASSETS:105,69491,58884,39782,63787,87295,377101,779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,6017,8436,0616,7475,1306,3625,402
Accounts payable4,6094,5943,7383,3183,1022,8072,533
Taxes payable1,2241,5757361,9717082,2391,560
Interest and dividends payable1,7681,6741,5871,4581,3201,3161,309
Debt2,4126,4313,6105,3083,0575682,585
Other liabilities13,85913,05312,54910,15110,42710,27411,216
Total current liabilities:23,87227,32722,22022,20618,61417,20419,203
Noncurrent Liabilities
Long-term debt and lease obligation30,69025,36022,73619,80621,35324,27423,929
Long-term debt, excluding current maturities30,69025,36022,73619,80621,35324,27423,929
Liabilities, other than long-term debt12,87513,49713,44012,04111,11713,59113,880
Deferred tax liabilities, net  5,0776,535
Deferred income tax liabilities3,4411,0151,470
Other liabilities9,43412,48211,97012,04111,1178,5147,345
Other undisclosed noncurrent liabilities   1,7022,219  
Total noncurrent liabilities:43,56538,85736,17633,54934,68937,86537,809
Total liabilities:67,43766,18458,39655,75553,30355,06957,012
Stockholders' equity
Stockholders' equity attributable to parent38,18425,31725,90726,70134,33640,08844,676
Common stock1,7881,7881,7881,7881,7881,7881,788
Treasury stock, value(57,109)(56,787)(55,950)(50,929)(43,794)(40,546)(38,534)
Additional paid in capital44,23839,58839,66038,80839,90239,93940,222
Accumulated other comprehensive loss(4,429)(6,634)(6,193)(5,545)(4,910)(5,226)(4,148)
Retained earnings53,69647,36246,60242,57941,35044,13345,348
Stockholders' equity attributable to noncontrolling interest73879418123322091
Total stockholders' equity:38,25725,40426,00126,88234,56940,30844,767
TOTAL LIABILITIES AND EQUITY:105,69491,58884,39782,63787,87295,377101,779

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues48,70447,99446,84042,29440,12239,80739,498
Revenue, net40,12239,80739,498
Cost of revenue
(Cost of Goods and Services Sold)
(13,626)(15,485)(14,112)(13,509)(12,775)(13,891)(14,934)
Gross profit:35,07832,50932,72828,78527,34725,91624,564
Operating expenses(22,540)(24,604)(21,125)(20,486)(20,814)(21,162)(17,636)
Operating income:12,5387,90511,6038,2996,5334,7546,928
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,341886(139)402(12)(720)(1,527)
Interest and debt expense(806)(831)(893)(772)(191)(693)(672)
Income from continuing operations before equity method investments, income taxes:13,0737,96010,5717,9296,3303,3414,729
Other undisclosed income from continuing operations before income taxes8068318937721911,318672
Income from continuing operations before income taxes:13,8798,79111,4648,7016,5214,6595,401
Income tax expense(1,521)(1,709)(1,687)(2,508)(4,103)(718)(942)
Income from continuing operations:12,3587,0829,7776,1932,4183,9414,459
Income from discontinued operations707      
Net income:13,0657,0829,7776,1932,4183,9414,459
Net income (loss) attributable to noncontrolling interest(16)(15)6627(24)(21)(17)
Net income available to common stockholders, diluted:13,0497,0679,8436,2202,3943,9204,442

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:13,0657,0829,7776,1932,4183,9414,459
Other comprehensive income (loss)1,756(441)(648)(361)316(1,078)175
Comprehensive income:14,8216,6419,1295,8322,7342,8634,634
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(16)(15)6627(24)(21)(17)
Comprehensive income, net of tax, attributable to parent:14,8056,6269,1955,8592,7102,8424,617

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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