Early Access

10-QPeriod: Q2 FY2011

AMGEN INC Quarterly Report for Q2 Ended Jun 30, 2011

Filed August 8, 2011For Securities:AMGN

Summary

Amgen Inc.'s (AMGN) second-quarter 2011 filing for the period ending June 29, 2011, indicates a mixed financial performance. While the company provided detailed financial statements and management's discussion on its results of operations, the filing does not immediately reveal significant year-over-year growth or decline in top-line revenue or profitability without specific figures. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section for a deeper understanding of the operational drivers, including product sales performance, cost management, and any new developments impacting financial condition. Key areas to scrutinize in the MD&A would include revenue trends for Amgen's key drugs, such as Enbrel, Aranesp, and Neulasta, as well as the impact of any litigation or regulatory challenges, which are mentioned in Part II of the filing. The company's liquidity and capital resources, along with any off-balance sheet arrangements or contingent liabilities, will also be crucial for assessing the company's financial health and future prospects. The filing also touches upon market risk and controls and procedures, providing further context for investors.

Financial Statements
Beta
Revenue$3.96B
Gross Profit$3.29B
SG&A Expenses$1.13B
Operating Expenses$2.63B
Operating Income$1.33B
Interest Expense$122.00M
Net Income$1.17B
EPS (Basic)$1.26
EPS (Diluted)$1.25
Shares Outstanding (Basic)927.00M
Shares Outstanding (Diluted)935.00M

Key Highlights

  • 1The 10-Q filing covers the financial performance for the quarter ending June 29, 2011.
  • 2Part I includes unaudited Condensed Consolidated Financial Statements (Income, Balance Sheets, Cash Flows) and Notes.
  • 3Management's Discussion and Analysis (MD&A) is provided in Item 2, offering insights into financial condition and results of operations.
  • 4Disclosures about market risk are included in Item 3.
  • 5The filing mentions Legal Proceedings in Item 1 of Part II, which could represent potential financial risks or impacts.
  • 6Risk Factors are detailed in Item 1A of Part II, providing a comprehensive overview of potential challenges.
  • 7Information regarding controls and procedures is presented in Item 4 of Part I.

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