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Amgen's Fourth Quarter 2008 Adjusted Earnings Per Share Increased 6 Percent to $1.06; Full Year 2008 Adjusted Earnings Per Share Increased 6 Percent to $4.55
Date:1/26/2009

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    CONTACT:     Amgen, Thousand Oaks
                 David Polk, 805-447-4613 (media)
                 Arvind Sood, 805-447-1060 (investors)

(Logo: http://www.newscom.com/cgi-bin/prnh/20081015/AMGENLOGO)



    Amgen Inc.
    Condensed Consolidated Statements of Income and
    Reconciliation of GAAP Earnings to "Adjusted" Earnings
    (In millions, except per share data)
    (Unaudited)

                          Three Months Ended           Three Months Ended
                          December 31, 2008            December 31, 2007
                          -----------------            -----------------
                     GAAP  Adjustments "Adjusted"  GAAP Adjustments "Adjusted"
                     ----  ----------- ----------  ---- ----------- ----------
    Revenues:
      Product
       sales         $3,674       $-     $3,674   $3,618      $-     $3,618
      Other
       revenues          77        -         77      127       -        127
                         --      ---         --      ---     ---        ---
        Total
         revenues     3,751        -      3,751    3,745       -      3,745
                      -----      ---      -----    -----     ---      -----

    Operating
     expenses:
      Cost of sales
       (excludes
       amortization
       of acquired
       intangible
       assets
       presented
       below)           558       (4) (a)   549      606      (4) (a)   565
                                  (5) (b)                    (37) (b)



      Research and
       development      798      (11) (a)   770      822     (15) (a)   785
                                 (17) (c)                    (17) (c)
                                                              (4) (f)
        
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SOURCE Amgen
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