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Amgen — May 1, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000318154-25-000018
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Non-GAAP diluted EPS
“$ 20.00 — $ 21.20”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 8
Dividend for Q1 FY2025
“$2.38”
Total revenues for FY2025
“$34.3 billion to $35.7 billion”
Capital expenditures for FY2025
“approximately $2.3 billion”
Share repurchases for FY2025
“not to exceed $500 million”
GAAP diluted EPS for FY2025
“$ 12.21 — $ 13.46”
Non-GAAP diluted EPS for FY2025
“$ 20.00 — $ 21.20”
GAAP tax rate for FY2025
“11.0 % — 12.5 %”
Non-GAAP tax rate for FY2025
“14.5 % — 16.0 %”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reconciliation of GAAP EPS Guidance to Non-GAAP EPS Guidance for the Year Ending December 31, 2025 (Unaudited) GAAP diluted EPS guidance $ 12.21  — $ 13.46  Known adjustments to arrive at non-GAAP*: Acquisition-related expenses (a) 8.27  — 8.32  Impairment of intangible assets (b) 1.29 Net gains from equity investments (1.87) Other 0.05 Non-GAAP diluted EPS guidance $ 20.00  — $ 21.20  * The known adjustments are presented net of their related tax impact, which amount to approximately $1.77 per share. (a) The adjustments primarily include noncash amortization of intangible assets and fair value step-up of inventory acquired in business acquisitions. (b) The adjustment relates to the Otezla ® intangible asset impairment charge recorded during the first quarter of 2025. Our GAAP diluted EPS guidance does not include the effect of GAAP adjustments triggered by events that may occur subsequent to this press release such as acquisitions, asset impairments, litigation, changes in fair value of our contingent consideration obligations and changes in fair value of our equity investments. The stated guidance also includes the estimated impact of implemented tariffs, but does not account for any tariffs that could be implemented in the future, including potential sector-specific tariffs. Reconciliation of GAAP Tax Rate Guidance to Non-GAAP Tax Rate Guidance for the Year Ending December 31, 2025 (Unaudited) GAAP tax rate guidance 11.0  % — 12.5  % Tax rate of known adjustments discussed above 3.5  % Non-GAAP tax rate guidance 14.5  % — 16.0  %
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.