Amgen Inc (AMGN) — Capital Reinvestment Ratio
Amgen Inc (AMGN) has a Capital Reinvestment Ratio of 0.40x as of December 2025, meaning it reinvests 0% of its operating cash flow ($1.60 Billion) in capital expenditures ($642.00 Million). See Amgen Inc balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Amgen Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Amgen Inc's Capital Reinvestment Ratio across 37 annual periods. Check cash flow reinvestment rate of Amgen Inc to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Amgen Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Amgen Inc from 1989 to 2025. For live market cap and broader valuation context, see market cap of Amgen Inc.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | $9.96 Billion | $1.86 Billion | ▲ +95.6% |
| 2024 | 0.10x | $11.49 Billion | $1.10 Billion | ▼ -27.3% |
| 2023 | 0.13x | $8.47 Billion | $1.11 Billion | ▲ +36.3% |
| 2022 | 0.10x | $9.72 Billion | $936.00 Million | ▲ +1.3% |
| 2021 | 0.10x | $9.26 Billion | $880.00 Million | ▲ +64.1% |
| 2020 | 0.06x | $10.50 Billion | $608.00 Million | ▼ -14.2% |
| 2019 | 0.07x | $9.15 Billion | $618.00 Million | ▲ +3.4% |
| 2018 | 0.07x | $11.30 Billion | $738.00 Million | ▲ +10.0% |
| 2017 | 0.06x | $11.18 Billion | $664.00 Million | ▼ -26.5% |
| 2016 | 0.08x | $10.35 Billion | $837.00 Million | ▲ +13.1% |
| 2015 | 0.07x | $9.08 Billion | $649.00 Million | ▼ -39.0% |
| 2014 | 0.12x | $8.55 Billion | $1.00 Billion | ▲ +6.4% |
| 2013 | 0.11x | $6.29 Billion | $693.00 Million | ▼ -6.0% |
| 2012 | 0.12x | $5.88 Billion | $689.00 Million | ▲ +5.8% |
| 2011 | 0.11x | $5.12 Billion | $567.00 Million | ▲ +10.5% |
| 2010 | 0.10x | $5.79 Billion | $580.00 Million | ▲ +19.8% |
| 2009 | 0.08x | $6.34 Billion | $530.00 Million | ▼ -25.5% |
| 2008 | 0.11x | $5.99 Billion | $672.00 Million | ▼ -52.2% |
| 2007 | 0.23x | $5.40 Billion | $1.27 Billion | ▲ +3.8% |
| 2006 | 0.23x | $5.39 Billion | $1.22 Billion | ▲ +28.0% |
| 2005 | 0.18x | $4.91 Billion | $867.00 Million | ▼ -51.1% |
| 2004 | 0.36x | $3.70 Billion | $1.34 Billion | ▼ -5.0% |
| 2003 | 0.38x | $3.57 Billion | $1.36 Billion | ▲ +29.9% |
| 2002 | 0.29x | $2.25 Billion | $658.50 Million | ▼ -1.9% |
| 2001 | 0.30x | $1.48 Billion | $441.80 Million | ▲ +11.5% |
| 2000 | 0.27x | $1.63 Billion | $437.70 Million | ▼ -5.3% |
| 1999 | 0.28x | $1.08 Billion | $304.20 Million | ▼ -27.7% |
| 1998 | 0.39x | $1.04 Billion | $407.80 Million | ▼ -8.8% |
| 1997 | 0.43x | $902.90 Million | $387.80 Million | ▲ +32.4% |
| 1996 | 0.32x | $822.60 Million | $266.90 Million | ▲ +54.2% |
| 1995 | 0.21x | $773.20 Million | $162.70 Million | ▼ -14.4% |
| 1994 | 0.25x | $531.90 Million | $130.80 Million | ▼ -49.3% |
| 1993 | 0.48x | $433.00 Million | $209.90 Million | ▼ -35.4% |
| 1992 | 0.75x | $292.80 Million | $219.80 Million | ▲ +40.6% |
| 1991 | 0.53x | $219.70 Million | $117.30 Million | ▼ -88.9% |
| 1990 | 4.81x | $13.50 Million | $64.90 Million | ▲ +103.9% |
| 1989 | 2.36x | $18.70 Million | $44.10 Million | — |