RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.
Amgen
CIK
0000318154
SIC
2836
Event
8-K Item 1.05 · cyber incident
Identified
Needs analyst input
Filed
2026-07-31
Overall
Moderate
Audit trailOpen memo

Issuer state, before the event · financials as of 2026-07-31

Amgen

Verified S&P coverage evidenced in the issuer's own Form 10-K for fiscal year 2025, filed Feb 13 2026, debt note; the rating itself is not shown.

Profile

CIK
0000318154
SIC
2836
Sector (engine map)
Pharma and devices Derived
Reportable segments
1 Verified
Fiscal period
FY2025
Financials as of
last 10-K before 2026-07-31
Ratio table
Standard (default) internal calibration

Source documents

  • XBRL company facts0000318154-26-000010
  • Form 10-K FY20250000318154-26-000010
  • Form 8-K Item 1.052026-07-31

Financial context, FY2025 (USD m)

As-reported proxies. S&P adjustments not applied.

DerivedVerified
MetricUSD mProvenanceXBRL tags or formula
EBITDA14,247DerivedDerivedOperatingIncomeLoss + DepreciationDepletionAndAmortization
Debt54,604DerivedDerivedCommercialPaper + LongTermDebtCurrent + LongTermDebtNoncurrent
FFO7,047DerivedDerivedOperatingIncomeLoss + DepreciationDepletionAndAmortization + InterestPaid + IncomeTaxesPaidNet
CFO9,958VerifiedVerifiedNetCashProvidedByUsedInOperatingActivities
FOCF8,100DerivedDerivedNetCashProvidedByUsedInOperatingActivities + PaymentsToAcquirePropertyPlantAndEquipment
DCF2,976DerivedDerivedNetCashProvidedByUsedInOperatingActivities + PaymentsToAcquirePropertyPlantAndEquipment + PaymentsOfDividendsCommonStock + PaymentsForRepurchaseOfCommonStock
Cash interest2,900VerifiedVerifiedInterestPaid
Operating leases (shown separately)831VerifiedVerifiedOperatingLeaseLiability

Core ratios against S&P published bands

standard volatility table. Bands shown by numeric range.

FFO to debt12.9%Verifiedpre-event

In the 12% to 20% range. 7.5% above the next weaker boundary (12%), so borderline.

Debt to EBITDA3.83xVerifiedpre-event

In the 3x to 4x range. 4.2% below the next weaker boundary (4x), so borderline.

Pre-eventWithin 10% of a band boundary