Amgen Inc (AMGN) — Free Cash Flow Generation Index
Amgen Inc (AMGN) has a Free Cash Flow Generation Index of 0.60x as of December 2025. Free cash flow of $961.00 Million represents 1% of operating cash flow ($1.60 Billion). See Amgen Inc (AMGN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Amgen Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Amgen Inc across 37 annual periods. Explore AMGN operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Amgen Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Amgen Inc. For the full company profile including market capitalisation, see Amgen Inc (AMGN) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.81x | $8.10 Billion | $9.96 Billion | $1.86 Billion | ▼ -10.1% |
| 2024 | 0.90x | $10.39 Billion | $11.49 Billion | $1.10 Billion | ▲ +4.1% |
| 2023 | 0.87x | $7.36 Billion | $8.47 Billion | $1.11 Billion | ▼ -3.9% |
| 2022 | 0.90x | $8.79 Billion | $9.72 Billion | $936.00 Million | ▼ -0.1% |
| 2021 | 0.90x | $8.38 Billion | $9.26 Billion | $880.00 Million | ▼ -3.9% |
| 2020 | 0.94x | $9.89 Billion | $10.50 Billion | $608.00 Million | ▲ +1.0% |
| 2019 | 0.93x | $8.53 Billion | $9.15 Billion | $618.00 Million | ▼ -0.2% |
| 2018 | 0.93x | $10.56 Billion | $11.30 Billion | $738.00 Million | ▼ -0.6% |
| 2017 | 0.94x | $10.51 Billion | $11.18 Billion | $664.00 Million | ▲ +2.3% |
| 2016 | 0.92x | $9.52 Billion | $10.35 Billion | $837.00 Million | ▼ -1.0% |
| 2015 | 0.93x | $8.43 Billion | $9.08 Billion | $649.00 Million | ▲ +5.2% |
| 2014 | 0.88x | $7.55 Billion | $8.55 Billion | $1.00 Billion | ▼ -0.8% |
| 2013 | 0.89x | $5.60 Billion | $6.29 Billion | $693.00 Million | ▲ +0.8% |
| 2012 | 0.88x | $5.19 Billion | $5.88 Billion | $689.00 Million | ▼ -0.7% |
| 2011 | 0.89x | $4.55 Billion | $5.12 Billion | $567.00 Million | ▼ -1.2% |
| 2010 | 0.90x | $5.21 Billion | $5.79 Billion | $580.00 Million | ▼ -1.8% |
| 2009 | 0.92x | $5.81 Billion | $6.34 Billion | $530.00 Million | ▲ +3.2% |
| 2008 | 0.89x | $5.32 Billion | $5.99 Billion | $672.00 Million | ▲ +16.0% |
| 2007 | 0.77x | $4.13 Billion | $5.40 Billion | $1.27 Billion | ▼ -1.1% |
| 2006 | 0.77x | $4.17 Billion | $5.39 Billion | $1.22 Billion | ▼ -6.0% |
| 2005 | 0.82x | $4.04 Billion | $4.91 Billion | $867.00 Million | ▲ +28.9% |
| 2004 | 0.64x | $2.36 Billion | $3.70 Billion | $1.34 Billion | ▲ +3.1% |
| 2003 | 0.62x | $2.21 Billion | $3.57 Billion | $1.36 Billion | ▼ -12.4% |
| 2002 | 0.71x | $1.59 Billion | $2.25 Billion | $658.50 Million | ▲ +0.8% |
| 2001 | 0.70x | $1.04 Billion | $1.48 Billion | $441.80 Million | ▼ -4.2% |
| 2000 | 0.73x | $1.20 Billion | $1.63 Billion | $437.70 Million | ▲ +2.1% |
| 1999 | 0.72x | $771.10 Million | $1.08 Billion | $304.20 Million | ▲ +17.9% |
| 1998 | 0.61x | $633.70 Million | $1.04 Billion | $407.80 Million | ▲ +6.7% |
| 1997 | 0.57x | $515.10 Million | $902.90 Million | $387.80 Million | ▼ -15.5% |
| 1996 | 0.68x | $555.70 Million | $822.60 Million | $266.90 Million | ▼ -14.4% |
| 1995 | 0.79x | $610.50 Million | $773.20 Million | $162.70 Million | ▲ +4.7% |
| 1994 | 0.75x | $401.10 Million | $531.90 Million | $130.80 Million | ▲ +46.4% |
| 1993 | 0.52x | $223.10 Million | $433.00 Million | $209.90 Million | ▲ +106.7% |
| 1992 | 0.25x | $73.00 Million | $292.80 Million | $219.80 Million | ▼ -46.5% |
| 1991 | 0.47x | $102.40 Million | $219.70 Million | $117.30 Million | ▲ +112.2% |
| 1990 | -3.81x | $-51.40 Million | $13.50 Million | $64.90 Million | ▼ -180.3% |
| 1989 | -1.36x | $-25.40 Million | $18.70 Million | $44.10 Million | — |