Amgen Inc (AMGN) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.40x
Amgen Inc (AMGN) has a Cash Flow Reinvestment Rate of 0.40x as of December 2025, reinvesting $642.00 Million (capex $642.00 Million ) from operating cash flow of $1.60 Billion. Explore Amgen Inc (AMGN) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
0.40x
(Capex + Investments) / Operating CF
Total Reinvested
$642.00 Million
Capex + Investments
Operating Cash Flow
$1.60 Billion
USD
Capital Expenditures
$642.00 Million
USD
Amgen Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Amgen Inc across 37 annual periods. Also explore Amgen Inc asset portfolio for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Amgen Inc (1989–2025)
Year-by-year capital reinvestment analysis for Amgen Inc. For live market cap and broader valuation context, see Amgen Inc stock valuation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.19x | $1.86 Billion | $9.96 Billion | $1.86 Billion | ▲ +0.1% |
| 2024 | 0.19x | $2.14 Billion | $11.49 Billion | $1.10 Billion | ▼ -57.3% |
| 2023 | 0.44x | $3.70 Billion | $8.47 Billion | $1.11 Billion | ▼ -39.2% |
| 2022 | 0.72x | $6.98 Billion | $9.72 Billion | $936.00 Million | ▲ +312.3% |
| 2021 | 0.17x | $1.61 Billion | $9.26 Billion | $880.00 Million | ▼ -65.7% |
| 2020 | 0.51x | $5.33 Billion | $10.50 Billion | $608.00 Million | ▼ -77.5% |
| 2019 | 2.25x | $20.61 Billion | $9.15 Billion | $618.00 Million | ▲ +61.4% |
| 2018 | 1.40x | $15.77 Billion | $11.30 Billion | $738.00 Million | ▲ +304.4% |
| 2017 | 0.35x | $3.86 Billion | $11.18 Billion | $664.00 Million | ▼ -58.0% |
| 2016 | 0.82x | $8.51 Billion | $10.35 Billion | $837.00 Million | ▲ +47.2% |
| 2015 | 0.56x | $5.07 Billion | $9.08 Billion | $649.00 Million | ▼ -12.4% |
| 2014 | 0.64x | $5.45 Billion | $8.55 Billion | $1.00 Billion | ▲ +65.6% |
| 2013 | 0.38x | $2.42 Billion | $6.29 Billion | $693.00 Million | ▼ -70.1% |
| 2012 | 1.29x | $7.56 Billion | $5.88 Billion | $689.00 Million | ▲ +555.7% |
| 2011 | 0.20x | $1.00 Billion | $5.12 Billion | $567.00 Million | ▼ -72.0% |
| 2010 | 0.70x | $4.05 Billion | $5.79 Billion | $580.00 Million | ▲ +36.5% |
| 2009 | 0.51x | $3.25 Billion | $6.34 Billion | $530.00 Million | ▲ +357.5% |
| 2008 | 0.11x | $672.00 Million | $5.99 Billion | $672.00 Million | ▼ -52.2% |
| 2007 | 0.23x | $1.27 Billion | $5.40 Billion | $1.27 Billion | ▲ +3.8% |
| 2006 | 0.23x | $1.22 Billion | $5.39 Billion | $1.22 Billion | ▲ +28.0% |
| 2005 | 0.18x | $867.00 Million | $4.91 Billion | $867.00 Million | ▼ -51.1% |
| 2004 | 0.36x | $1.34 Billion | $3.70 Billion | $1.34 Billion | ▼ -5.0% |
| 2003 | 0.38x | $1.36 Billion | $3.57 Billion | $1.36 Billion | ▲ +29.9% |
| 2002 | 0.29x | $658.50 Million | $2.25 Billion | $658.50 Million | ▼ -1.9% |
| 2001 | 0.30x | $441.80 Million | $1.48 Billion | $441.80 Million | ▲ +11.5% |
| 2000 | 0.27x | $437.70 Million | $1.63 Billion | $437.70 Million | ▼ -5.3% |
| 1999 | 0.28x | $304.20 Million | $1.08 Billion | $304.20 Million | ▼ -27.7% |
| 1998 | 0.39x | $407.80 Million | $1.04 Billion | $407.80 Million | ▼ -8.8% |
| 1997 | 0.43x | $387.80 Million | $902.90 Million | $387.80 Million | ▲ +32.4% |
| 1996 | 0.32x | $266.90 Million | $822.60 Million | $266.90 Million | ▲ +54.2% |
| 1995 | 0.21x | $162.70 Million | $773.20 Million | $162.70 Million | ▼ -14.4% |
| 1994 | 0.25x | $130.80 Million | $531.90 Million | $130.80 Million | ▼ -49.3% |
| 1993 | 0.48x | $209.90 Million | $433.00 Million | $209.90 Million | ▼ -35.4% |
| 1992 | 0.75x | $219.80 Million | $292.80 Million | $219.80 Million | ▲ +40.6% |
| 1991 | 0.53x | $117.30 Million | $219.70 Million | $117.30 Million | ▼ -88.9% |
| 1990 | 4.81x | $64.90 Million | $13.50 Million | $64.90 Million | ▲ +103.9% |
| 1989 | 2.36x | $44.10 Million | $18.70 Million | $44.10 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow