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. See cash generation quality of Amgen Inc to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see AMGN cash flow conversion.
Annual Cash Flow Reinvestment Rate for Amgen Inc (1989–2025)
Year-by-year capital reinvestment analysis for Amgen Inc. See Amgen Inc (AMGN) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| 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