Amgen — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000318154-24-000042
Showing in the filing
Dividend
“$2.25 per share”
Period
Q3 FY2024
Measure
Declared action
Source
Prose
All guidance in this release · 8
Dividend for Q3 FY2024
“$2.25 per share”
Total revenues for FY2024
“$33.0 billion to $33.8 billion”
EPS (GAAP basis) for FY2024
“$8.71 to $9.56”
Tax rate (GAAP basis) for FY2024
“9.0% to 10.5%”
EPS (non-GAAP basis) for FY2024
“$19.20 to $20.00”
Tax rate (non-GAAP basis) for FY2024
“14.0% to 15.0%”
Capital expenditures for FY2024
“approximately $1.3 billion”
Share repurchases for FY2024
“not to exceed $500 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
pts: percentage points N/A = not applicable Cash Flow and Balance Sheet • The Company generated $3.3 billion of free cash flow in the third quarter of 2024 versus $2.5 billion in the third quarter of 2023, driven by business performance and timing of working capital items, partially offset by lower interest income. • The Company’s third quarter 2024 dividend of $2.25 per share was declared on August 2, 2024, and was paid on September 6, 2024, to all stockholders of record as of August 16, 2024, representing a 6% increase from this same period in 2023. • During the third quarter, the Company reduced principal debt outstanding by $2.5 billion. Year-to-date, the Company has reduced principal debt outstanding by $4.5 billion. • Cash and investments totaled $9.0 billion and debt outstanding totaled $60.4 billion as of September 30, 2024. $Billions, except shares Q3 ’24 Q3 ’23 YOY Δ Operating Cash Flow $ 3.6 $ 2.8 $ 0.8 Capital Expenditures $ 0.3 $ 0.2 $ 0.0 Free Cash Flow $ 3.3 $ 2.5 $ 0.8 Dividends Paid $ 1.2 $ 1.1 $ 0.1 Share Repurchases $ 0.0 $ — $ 0.0 Average Diluted Shares (millions) 542 538 4 Note: Numbers may not add due to rounding $Billions 9/30/24 12/31/23 YTD Δ Cash and Investments $ 9.0 $ 10.9 $ (1.9) Debt Outstanding $ 60.4 $ 64.6 $ (4.2) Note: Numbers may not add due to rounding AMGEN REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Page 7 2024 Guidance For the full year 2024, the Company now expects: • Total revenues in the range of $33.0 billion to $33.8 billion. • On a GAAP basis, EPS in the range of $8.71 to $9.56, and a t
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.