Amgen Inc (AMGN US) - Ajustado

En Millones de USD excepto por accin

12 meses fin
Ingreso
+ Ingresos de servicios y ventas
+ Otros ingresos
- Coste de ingreso
+ Coste de bienes y servicios
Beneficio bruto
+ Otros ingresos operacionales
- Gastos operacionales
+ Ventas, generales y admin
+ Investigacin y desarrollo
+ Depreciacin + amortizacin
+ Otro gasto operativo
Ingreso operacional (prdida)
- Ingreso (prdida) no operacional
+ Gasto de intereses, neto
+ Gastos de intereses
+ (Benefico) prdida de cambio de divisas
+ Beneficio (prdida) de filiales
+ Otro (ingreso) prdida no op
Beneficios (prdidas) antes de impuestos, ajustado
- Prdida anormal
+ IyD adquirido en proceso
+ Gasto de fusin o adquisicin
+ Rescate anticipado de deuda
+ Cancelacin de activos
+ Liquidacin legal
+ Restructura
+ Venta de inversiones
Beneficios (prdidas) antes de impuestos, GAAP
- Gasto de impuesto a la renta (Beneficio)
+ Impuesto sobre la renta actual
+ Impuesto sobre la renta diferido
Beneficios (prdidas) de operaciones continuas
- Prdidas (ganancias) extraordinarias netas
+ Operaciones discontinuas
+ PE y cambios contables
Ingreso (prdida) incl MI

FY 2009
12/31/2009
14,642.0
14,351.0
291.0
2,090.0
2,090.0
12,552.0
0.0
6,943.0
3,791.0
2,858.0
294.0
0.0
5,609.0
344.0

578.0
0.0
0.0
-234.0
5,265.0
61.0

4.0
9.0
33.0
57.0
-42.0
5,204.0
599.0
565.0
34.0
4,605.0
0.0
0.0
0.0
4,605.0

FY 2010
12/31/2010
15,053.0
14,660.0
393.0
2,220.0
2,220.0
12,833.0
0.0
7,171.0
3,983.0
2,894.0
294.0
0.0
5,662.0
318.0

604.0
0.0
0.0
-286.0
5,344.0
27.0

118.0
-1.0

-90.0
5,317.0
690.0
841.0
-151.0
4,627.0
0.0
0.0
0.0
4,627.0

FY 2011
12/31/2011
15,582.0
15,295.0
287.0
2,427.0
2,427.0
13,155.0
0.0
7,935.0
4,474.0
3,167.0
294.0
0.0
5,220.0
316.0

610.0
0.0
0.0
-294.0
4,904.0
754.0

13.0

786.0
109.0
-154.0
4,150.0
467.0
824.0
-357.0
3,683.0
0.0
0.0
0.0
3,683.0

- Minoritarios
Beneficio neto, GAAP
- Dividendos preferentes
- Otros ajustes
beneficio neto disponible a accionistas comunes,

0.0
4,605.0
0.0
0.0
4,605.0

0.0
4,627.0
0.0
0.0
4,627.0

0.0
3,683.0
0.0
0.0
3,683.0

Beneficio neto disponible a cap comn, aj

Prdidas atpicas netas (ganancias)
Prdidas (ganancias) extraordinarias netas

4,532.7
-72.4
0.0

4,488.6
-138.5
0.0

4,355.2
672.2
0.0

Acciones promedio bsicas pond

BPA bsicos, GAAP
BPA bsicos de ops cont
BPA bsicos de ops cont, ajustados

1,016.0
4.53
4.53
4.46

960.0
4.82
4.82
4.68

905.0
4.07
4.07
4.81

Acciones diluidas promedio pond

BPA diluidos, GAAP
BPA diluidos de ops cont
BPA diluidos de ops cont, ajustados

1,021.0
4.51
4.51
4.44

965.0
4.79
4.79
4.65

912.0
4.04
4.04
4.78

US GAAP
6,658.0
45.47

5,609.0
85.73
38.31
30.96
861,294.12
0.00
0.0
32.0

114.0

US GAAP
6,679.0
44.37

5,662.0
85.25
37.61
29.82
865,114.94
0.00
0.0
33.0

115.0

US GAAP
6,280.0
40.30

5,220.0
84.42
33.50
27.95
875,393.26
0.56
506.8
22.0

131.0

Referencia
Estndar contable
EBITDA
Margen EBITDA (U12M)
EBITA
EBIT
Margen bruto
Margen operacional
Margen de beneficio
Ventas por empleado
Dividendo por accin
Efectivo dividendos ordinarios
Gasto de inters capitalizado
Gasto de depreciacin
Gasto de renta
Source: Bloomberg

FY 2012
12/31/2012
17,265.0
16,639.0
626.0
3,032.0
3,032.0
14,233.0
0.0
8,189.0
4,814.0
3,368.0

7.0
6,044.0
700.0

1,053.0
0.0
0.0
-353.0
5,344.0
335.0

56.0

64.0
347.0
-132.0
5,009.0
664.0
643.0
21.0
4,345.0
0.0
0.0
0.0
4,345.0

FY 2013
12/31/2013
18,676.0
18,192.0
484.0
3,346.0
3,346.0
15,330.0
0.0
9,229.0
5,148.0
4,083.0

-2.0
6,101.0
677.0

1,022.0
0.0
0.0
-345.0
5,424.0
159.0

149.0

14.0
71.0
-75.0
5,265.0
184.0
271.0
-87.0
5,081.0
0.0
0.0
0.0
5,081.0

FY 2014
12/31/2014
20,063.0
19,327.0
736.0
4,242.0
4,242.0
15,821.0
0.0
8,953.0
4,694.0
4,276.0

-17.0
6,868.0
605.0

1,071.0
0.0
0.0
-466.0
6,263.0
678.0
46.0
73.0

87.0

471.0
1.0
5,585.0
427.0
503.0
-76.0
5,158.0
0.0
0.0
0.0
5,158.0

FY 2015
12/31/2015
21,662.0
20,944.0
718.0
4,175.0
4,175.0
17,487.0
0.0
8,796.0
4,790.0
4,006.0

0.0
8,691.0
492.0
1,095.0

0.0

-603.0
8,199.0
221.0

-12.0

28.0
91.0
114.0

7,978.0
1,039.0
1,441.0
-402.0
6,939.0
0.0
0.0
0.0
6,939.0

lt 12M
06/30/2016
22,474.0
21,558.0
916.0
4,150.0
4,150.0
18,324.0
0.0
9,006.0
5,046.0
3,957.0
3.0
9,318.0
587.0
1,173.0

-586.0
8,731.0
164.0

FY 2016 Est
12/31/2016
22,730.6

19,639.3

11,015.6

10,235.7

39.0

125.0
-29.0
8,567.0
1,134.0

10,235.7

7,433.0
0.0
0.0
0.0
7,433.0

7,443.6

0.0
4,345.0
0.0
0.0
4,345.0

0.0
5,081.0
0.0
0.0
5,081.0

0.0
5,158.0
0.0
0.0
5,158.0

0.0
6,939.0
0.0
0.0
6,939.0

0.0
7,433.0
0.0
0.0
7,433.0

4,562.8
217.8
0.0

5,136.4
55.4
0.0

5,598.7
440.7
0.0

7,011.7
72.7
0.0

7,448.9
15.9
0.0

775.0
5.61
5.61
5.89

753.0
6.75
6.75
6.82

759.0
6.80
6.80
7.38

758.0
9.15
9.15
9.25

751.0
9.86
9.86
9.88

10.07
10.07
11.33

787.0
5.52
5.52
5.80

765.0
6.64
6.64
6.71

770.0
6.70
6.70
7.27

766.0
9.06
9.06
9.15

756.0
9.78
9.78
9.80

10.07
10.07
11.33

US GAAP
7,132.0
41.31
6,443.0
6,044.0
82.44
35.01
26.43
959,166.67
1.44
1,116.0

689.0
117.0

US GAAP
7,387.0
39.55
6,743.0
6,101.0
82.08
32.67
27.50
933,800.00
1.88
1,415.6
18.0
644.0
125.0

US GAAP
8,960.0
44.66
8,244.0
6,868.0
78.86
34.23
27.91
1,120,837.99
2.44
1,900.0
18.0
716.0
126.0

US GAAP
10,799.0
49.85
10,072.0
8,691.0
80.73
40.12
32.37
1,210,167.60
3.16
2,395.3

727.0
133.0

11,426.0
50.84

12,124.3
53.34

9,318.0
81.53
41.46
33.14

11,015.6
86.40
48.46
37.59

3.58
2,800.0

3.99

7,443.6

8,544.5
8,544.5

FY 2017 Est
12/31/2017
23,699.0

20,306.8

11,926.4

11,210.4

11,210.4

7,829.1

7,829.1

9,148.9
9,148.9

10.77
10.77
12.41

10.77
10.77
12.41

13,019.7
54.94
11,926.4
85.69
50.32
38.60
4.53

Amgen Inc (AMGN US) - Ajustado

En Millones de USD excepto por accin
12 meses fin
Ingreso
- Coste de ingreso
Utilidad Bruta
- Gastos operacionales
Utilidad Operativa
+ Ingreso No operativo
- Egresos no operativos
- Gastos de intereses
Utilidad Antes de Impuestos
- Gasto de impuesto a la renta
Utilidad Neta
Referencia
Estndar contable
EBITDA
Margen EBITDA (U12M)
EBITA
EBIT
Margen bruto
Margen operacional
Margen de beneficio
Ventas por empleado
Dividendo por accin
Efectivo dividendos ordinarios
Gasto de inters capitalizado
Gasto de depreciacin
Gasto de renta
Source: Bloomberg

FY 2011
12/31/2011
$15,582.0
$2,427.0
$13,155.0
$7,935.0
$5,220.0
$294.0
$754.0
$610.0
$4,150.0
$467.0
$3,683.0

FY 2012
12/31/2012
$17,265.0
$3,032.0
$14,233.0
$8,189.0
$6,044.0
$353.0
$335.0
$1,053.0
$5,009.0
$664.0
$4,345.0

FY 2013
12/31/2013
$18,676.0
$3,346.0
$15,330.0
$9,229.0
$6,101.0
$345.0
$159.0
$1,022.0
$5,265.0
$184.0
$5,081.0

US GAAP
6,280.0
40.30

5,220.0
84.42
33.50
27.95
875,393.26
0.56
506.8
22.0
294.0
131.0

US GAAP
7,132.0
41.31
6,443.0
6,044.0
82.44
35.01
26.43
959,166.67
1.44
1,116.0

689.0
117.0

US GAAP
7,387.0
39.55
6,743.0
6,101.0
82.08
32.67
27.50
933,800.00
1.88
1,415.6
18.0
644.0
125.0

FY 2014
12/31/2014
$20,063.0
$4,242.0
$15,821.0
$8,953.0
$6,868.0
$466.0
$678.0
$1,071.0
$5,585.0
$427.0
$5,158.0

US GAAP
8,960.0
44.66
8,244.0
6,868.0
78.86
34.23
27.91
1,120,837.99
2.44
1,900.0
18.0
716.0
126.0

FY 2015
12/31/2015 2011
$21,662.0
100.0%
$4,175.0
15.6%
$17,487.0
84.4%
$8,796.0
50.9%
$8,691.0
33.5%
$603.0
1.9%
$221.0
4.8%
$1,095.0
3.9%
$7,978.0
26.6%
$1,039.0
3.0%
$6,939.0
23.6%

US GAAP
10,799.0
49.85
10,072.0
8,691.0
80.73
40.12
32.37
1,210,167.60
3.16
2,395.3

727.0
133.0

Analisis vertical
2012
2013
100.0%
100.0%
17.6%
17.9%
82.4%
82.1%
47.4%
49.4%
35.0%
32.7%
2.0%
1.8%
1.9%
0.9%
6.1%
5.5%
29.0%
28.2%
3.8%
1.0%
25.2%
27.2%

2014
100.0%
21.1%
78.9%
44.6%
34.2%
2.3%
3.4%
5.3%
27.8%
2.1%
25.7%

2015
100.0%
19.3%
80.7%
40.6%
40.1%
2.8%
1.0%
5.1%
36.8%
4.8%
32.0%

2011-2012
10.8%
24.9%
8.2%
3.2%
15.8%
20.1%
-55.6%
72.6%
20.7%
42.2%
18.0%

Analisis Horizontal
2012-2013
2013-2014
8.2%
7.4%
10.4%
26.8%
7.7%
3.2%
12.7%
-3.0%
0.9%
12.6%
-2.3%
35.1%
-52.5%
326.4%
-2.9%
4.8%
5.1%
6.1%
-72.3%
132.1%
16.9%
1.5%

2014-2015
8.0%
-1.6%
10.5%
-1.8%
26.5%
29.4%
-67.4%
2.2%
42.8%
143.3%
34.5%