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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

xplanatory notes on the following pages. Amgen Inc. Condensed Consolidated Statements of Income and Reconciliation of GAAP Earnings to "Adjusted" Earnings (In millions, except per share data) (Unaudited) Year ended Year ended December 31, 2008 December 31, 2007 ----------------- ----------------- GAAP Adjustments "Adjusted" GAAP Adjustments "Adjusted" ---- ----------- ---------- ---- ----------- ---------- Revenues: Product sales $14,687 $- $14,687 $14,311 $- $14,311 Other revenues 316 - 316 460 - 460 --- --- --- --- --- --- Total revenues 15,003 - 15,003 14,771 - 14,771 Operating expenses: Cost of sales (excludes amortization of acquired intangible assets presented below) 2,296 (13) (a) 2,193 2,548 (16) (a) 2,255 (84) (h) (150) (b) (6) (b) (90) (i) (7) (j) (30) (k) Research and development 3,030 (46) (a) 2,910 3,266 (83) (a) 3,064 (70) (c) (71) (c) (3) (b) (29) (f) (1) (f) (19) (b) Selling, general and administr- ative 3,789 (44) (a) 3,708 3,361 (82) (a) 3,382 (37) (b)
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