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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

$- $- $(6) R&D (3) - - - (3) SG&A - (17) - (20) (37) Other charges (7) (36) - (49) (92) Interest and other income and (expense), net - - - (10) (10) --- --- --- --- --- $(10) $(59) $- $(79) $(148) ==== ==== === ==== ===== Year ended December 31, 2007 ------------- Cost of sales (excluding amortization of intangible assets) $1 $(4) $(147) $- $(150) R&D 19 (38) - - (19) SG&A 11 - (1) 114 124 Other charges (209) (366) - (119) (694) ---- ---- --- ---- ---- $(178) $(408) $(148) $(5) $(739) ===== ===== ===== === ===== (1) Severance and other separation costs, partially offset in 2007 by the reversal of previously accrued expenses for bonuses and stock-based compensation awards, which were forfeited as a result of the employees' termination. (2) Asset impairment charges principally incurred in connection with the rationalization of our worldwide manufacturing operations in order to gain cost efficiencies and, to a lesser degree in 2007, the moderation of the expansion of our R&D facilities. (3) Accelerated depreciation resulting from our decision to accelerate the
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SOURCE Amgen
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