Amgen Inc (AMGN) — Cash Flow Reinvestment Rate
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. Check Amgen Inc earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Amgen Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Amgen Inc across 37 annual periods. Explore Amgen Inc (AMGN) long-term investment share to see how much of total assets are deployed in long-term investments.
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 (AMGN) market capitalisation.
| 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 | — |