10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MERCK & CO., INC. | |||
Ticker: MRK Fiscal Year: 2013 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Sales | $ 44,033 | 47,267 | 48,047 |
| Costs, Expenses and Other | |||
| Materials and production | 16,954 | 16,446 | 16,871 |
| Marketing and administrative | 11,911 | 12,776 | 13,733 |
| Research and development | 7,503 | 8,168 | 8,467 |
| Restructuring costs | 1,709 | 664 | 1,306 |
| Equity income from affiliates | (404) | (642) | (610) |
| Other (income) expense, net | 815 | 1,116 | 946 |
| Total Costs, Expenses and Other | 38,488 | 38,528 | 40,713 |
| Income Before Taxes | 5,545 | 8,739 | 7,334 |
| Taxes on Income | 1,028 | 2,440 | 942 |
| Net Income | 4,517 | 6,299 | 6,392 |
| Less: Net Income Attributable to Noncontrolling Interests | 113 | 131 | 120 |
| Net Income Attributable to Merck & Co., Inc. | 4,404 | 6,168 | 6,272 |
| Basic Earnings per Common Share Attributable to Merck & Co., Inc. Common Shareholders (in dollars per share) | 1.49 | 2.03 | 2.04 |
| Earnings per Common Share Assuming Dilution Attributable to Merck & Co., Inc. Common Shareholders (in dollars per share) | 1.47 | 2.00 | 2.02 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MERCK & CO., INC. | |||
Ticker: MRK Fiscal Year: 2013 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net Income Attributable to Merck & Co., Inc. | $ 4,404 | 6,168 | 6,272 |
| Other Comprehensive Income (Loss) Net of Taxes: | |||
| Net unrealized gain (loss) on derivatives, net of reclassifications | 229 | (101) | (37) |
| Net unrealized (loss) gain on investments, net of reclassifications | (19) | 52 | (10) |
| Benefit plan net gain (loss) and prior service cost (credit), net of amortization | 2,758 | (1,321) | (303) |
| Cumulative translation adjustment | (483) | (180) | 434 |
| Other comprehensive income (loss), net of taxes | 2,485 | (1,550) | 84 |
| Comprehensive Income Attributable to Merck & Co., Inc. | 6,889 | 4,618 | 6,356 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MERCK & CO., INC. | |||
Ticker: MRK Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 4,517 | 6,299 | 6,392 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 6,988 | 6,978 | 7,427 |
| Intangible asset impairment charges | 765 | 200 | 705 |
| Gain on disposition of interest in equity method investment | 0 | 0 | (136) |
| Equity income from affiliates | (404) | (642) | (610) |
| Dividends and distributions from equity affiliates | 237 | 291 | 216 |
| Deferred income taxes | (330) | 669 | (1,537) |
| Share-based compensation | 276 | 335 | 369 |
| Other | 399 | 28 | 323 |
| Net changes in assets and liabilities: | |||
| Accounts receivable | 436 | 349 | (1,168) |
| Inventories | (365) | (482) | (678) |
| Trade accounts payable | 522 | (302) | 182 |
| Accrued and other current liabilities | (397) | (717) | 1,444 |
| Income taxes payable | (1,421) | (34) | (277) |
| Noncurrent liabilities | (132) | (1,747) | (7) |
| Other | 563 | (1,203) | (262) |
| Net Cash Provided by Operating Activities | 11,654 | 10,022 | 12,383 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (1,548) | (1,954) | (1,723) |
| Purchases of securities and other investments | (17,991) | (12,841) | (7,325) |
| Proceeds from sales of securities and other investments | 16,298 | 7,783 | 6,149 |
| Proceeds from sale of interest in equity method investment | 0 | 0 | 175 |
| Acquisitions of businesses, net of cash acquired | (246) | 0 | (373) |
| Dispositions of businesses, net of cash divested | 46 | 0 | 323 |
| Cash inflows (outflows) from net investment hedges | 350 | 39 | (86) |
| Other | (57) | 168 | (30) |
| Net Cash Used in Investing Activities | (3,148) | (6,805) | (2,890) |
| Cash Flows from Financing Activities | |||
| Net change in short-term borrowings | (159) | 624 | 1,076 |
| Payments on debt | (1,775) | (22) | (1,547) |
| Proceeds from issuance of debt | 6,467 | 2,562 | 0 |
| Purchases of treasury stock | (6,516) | (2,591) | (1,921) |
| Dividends paid to stockholders | (5,157) | (5,116) | (4,691) |
| Other dividends paid | (120) | (120) | (120) |
| Proceeds from exercise of stock options | 1,210 | 1,310 | 321 |
| Other | 60 | 86 | (22) |
| Net Cash Used in Financing Activities | (5,990) | (3,267) | (6,904) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (346) | (30) | 42 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 2,170 | (80) | 2,631 |
| Cash and Cash Equivalents at Beginning of Year | 13,451 | 13,531 | |
| Cash and Cash Equivalents at End of Year | 15,621 | 13,451 | 13,531 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MERCK & CO., INC. | ||
Ticker: MRK Fiscal Year: 2013 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 15,621 | 13,451 |
| Short-term investments | 1,865 | 2,690 |
| Accounts receivable (net of allowance for doubtful accounts of $146 in 2013 and $163 in 2012) (excludes accounts receivable of $275 in 2013 and $473 in 2012 classified in Other assets - see Note 5) | 7,184 | 7,672 |
| Inventories (excludes inventories of $1,704 in 2013 and $1,606 in 2012 classified in Other assets - see Note 6) | 6,226 | 6,535 |
| Deferred income taxes and other current assets | 4,789 | 4,509 |
| Total current assets | 35,685 | 34,857 |
| Investments | 9,770 | 7,305 |
| Property, Plant and Equipment (at cost) | ||
| Land | 550 | 591 |
| Buildings | 13,627 | 13,196 |
| Machinery, equipment and office furnishings | 17,106 | 17,188 |
| Construction in progress | 1,811 | 2,440 |
| Property, Plant and Equipment, Gross | 33,094 | 33,415 |
| Less: accumulated depreciation | 18,121 | 17,385 |
| Property, Plant and Equipment, Net, Total | 14,973 | 16,030 |
| Goodwill | 12,301 | 12,134 |
| Other Intangibles, Net | 23,801 | 29,083 |
| Other Assets | 9,115 | 6,723 |
| Total Assets | 105,645 | 106,132 |
| Liabilities and Equity | ||
| Current Liabilities | ||
| Loans payable and current portion of long-term debt | 4,521 | 4,315 |
| Trade accounts payable | 2,274 | 1,753 |
| Accrued and other current liabilities | 9,501 | 9,737 |
| Income taxes payable | 251 | 1,200 |
| Dividends payable | 1,321 | 1,343 |
| Total current liabilities | 17,868 | 18,348 |
| Long-Term Debt | 20,539 | 16,254 |
| Deferred Income Taxes | 6,776 | 5,740 |
| Other Noncurrent Liabilities | 8,136 | 10,327 |
| Merck & Co., Inc. Stockholders Equity | ||
| Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2013 and 2012 | 1,788 | 1,788 |
| Other paid-in capital | 40,508 | 40,646 |
| Retained earnings | 39,257 | 39,985 |
| Accumulated other comprehensive loss | (2,197) | (4,682) |
| Stockholders' equity before deduction for treasury stock | 79,356 | 77,737 |
| Less treasury stock, at cost: 649,576,808 shares in 2013 and 550,468,221 shares in 2012 | 29,591 | 24,717 |
| Total Merck & Co., Inc. stockholders equity | 49,765 | 53,020 |
| Noncontrolling Interests | 2,561 | 2,443 |
| Total equity | 52,326 | 55,463 |
| Total Liabilities and Equity | 105,645 | 106,132 |
| External Links | |
| MERCK & CO., INC. (MRK) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |