Merck & Company, Inc. (MRK) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,4508,8648,49814,34113,42715,71917,486
Cash and cash equivalents9,6767,9656,0926,5158,5247,44115,621
Short-term investments7748992,4067,8264,9038,2781,865
Receivables6,7787,0716,8737,0186,4846,6267,184
Inventory, net of allowances, customer advances and progress billings5,9785,4405,0964,8664,7005,5716,226
Inventory5,9785,4405,0964,8664,7005,5716,226
Other current assets4,2774,5004,2994,3895,153  
Other undisclosed current assets     5,2574,789
Total current assets:27,48325,87524,76630,61429,76433,17335,685
Noncurrent Assets
Inventory, Noncurrent1,4801,4171,1871,1171,5001,6001,500
Operating lease, right-of-use asset1,073
Property, plant and equipment15,05313,29112,43912,02612,50713,13614,973
Long-term investments and receivables1,4696,23312,89212,13113,75113,93211,645
Long-term investments1,4696,23312,89212,13113,74113,85211,370
Accounts and financing receivable, after allowance for credit loss    1080275
Intangible assets, net (including goodwill)33,62129,68432,46735,46740,32533,37836,102
Goodwill19,42518,25318,28418,16217,72312,99212,301
Intangible assets, net (excluding goodwill)14,19611,43114,18317,30522,60220,38623,801
Regulated entity, other noncurrent assets    100  
Other undisclosed noncurrent assets4,2186,1374,1214,0223,8323,1165,740
Total noncurrent assets:56,91456,76263,10664,76372,01565,16269,960
TOTAL ASSETS:84,39782,63787,87295,377101,77998,335105,645
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,0616,7475,1306,3625,4025,5392,525
Accounts payable3,7383,3183,1022,8072,5332,6252,274
Taxes payable7361,9717082,2391,5601,606251
Interest and dividends payable1,5871,4581,3201,3161,3091,308 
Debt3,6105,3083,0575682,5852,7044,521
Other liabilities12,54910,15110,42710,27411,21610,5239,501
Other undisclosed current liabilities      1,321
Total current liabilities:22,22022,20618,61417,20419,20318,76617,868
Noncurrent Liabilities
Long-term debt and lease obligation22,73619,80621,35324,27423,92918,69920,539
Long-term debt, excluding current maturities22,73619,80621,35324,27423,92918,69920,539
Liabilities, other than long-term debt13,44012,04111,11713,59113,88012,07914,912
Deferred tax liabilities, net  5,0776,5354,2666,776
Deferred income tax liabilities1,470
Other liabilities11,97012,04111,1178,5147,3457,8138,136
Other undisclosed noncurrent liabilities 1,7022,219    
Total noncurrent liabilities:36,17633,54934,68937,86537,80930,77835,451
Total liabilities:58,39655,75553,30355,06957,01249,54453,319
Stockholders' equity
Stockholders' equity attributable to parent25,90726,70134,33640,08844,67648,64749,765
Common stock1,7881,7881,7881,7881,7881,7881,788
Treasury stock, value(55,950)(50,929)(43,794)(40,546)(38,534)(35,262)(29,591)
Additional paid in capital39,66038,80839,90239,93940,22240,42340,508
Accumulated other comprehensive loss(6,193)(5,545)(4,910)(5,226)(4,148)(4,323)(2,197)
Retained earnings46,60242,57941,35044,13345,34846,02139,257
Stockholders' equity attributable to noncontrolling interest94181233220911442,561
Total stockholders' equity:26,00126,88234,56940,30844,76748,79152,326
TOTAL LIABILITIES AND EQUITY:84,39782,63787,87295,377101,77998,335105,645

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues46,84042,29440,12239,80739,49842,23744,083
Revenue, net40,12239,80739,49842,23744,083
Cost of revenue
(Cost of Goods and Services Sold)
(14,112)(13,509)(12,775)(13,891)(14,934)(16,768)(16,954)
Gross profit:32,72828,78527,34725,91624,56425,46927,129
Operating expenses(21,125)(20,486)(20,814)(21,162)(17,636)(25,221)(26,688)
Operating income:11,6038,2996,5334,7546,928248441
Nonoperating income (expense)(139)402(12)(720)(1,527)23,392(841)
Investment income, nonoperating     12,216264
Foreign currency transaction loss, before tax     (180)(290)
Other nonoperating income (expense)(139)402(12)(720)(1,527)11,356(815)
Interest and debt expense(893)(772)(191)(693)(672)(1,360)(801)
Income (loss) from continuing operations before equity method investments, income taxes:10,5717,9296,3303,3414,72922,280(1,201)
Income from equity method investments     257404
Other undisclosed income (loss) from continuing operations before income taxes8937721911,318672(5,254)6,342
Income from continuing operations before income taxes:11,4648,7016,5214,6595,40117,2835,545
Income tax expense(1,687)(2,508)(4,103)(718)(942)(5,349)(1,028)
Net income:9,7776,1932,4183,9414,45911,9344,517
Net income (loss) attributable to noncontrolling interest6627(24)(21)(17)(14)(113)
Net income available to common stockholders, diluted:9,8436,2202,3943,9204,44211,9204,404

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:9,7776,1932,4183,9414,45911,9344,517
Other comprehensive income (loss)(648)(361)316(1,078)175(2,126)2,485
Comprehensive income:9,1295,8322,7342,8634,6349,8087,002
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6627(24)(21)(17)(14)113
Other undisclosed comprehensive loss, net of tax, attributable to parent      (226)
Comprehensive income, net of tax, attributable to parent:9,1955,8592,7102,8424,6179,7946,889

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: