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). Explore reinvestment intensity of Amgen Inc to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see how efficiently does Amgen Inc generate cash.
Annual Free Cash Flow Generation for Amgen Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Amgen Inc. Check AMGN cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |