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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

nts for 2007, excluding (1) certain of the restructuring charges (see (b) above), (2) certain components of the write-off of inventory (see (i) above), (3) the write- off of the acquired IPR&D related to the Alantos and Ilypsa acquisitions (see (l) above), (4) the write-off of the cost of a semi-completed manufacturing asset (see (k) above), and (5) the tax benefit recognized as a result of resolving certain non-routine transfer pricing issues with the IRS (see (p) above). (r) The following table presents the computations for GAAP and "Adjusted" diluted earnings per share, computed under the treasury stock method. "Adjusted" earnings per share presented below excludes stock option expense: Three months ended Three months ended December 31, 2008 December 31, 2007 ----------------- ----------------- GAAP "Adjusted" GAAP "Adjusted" ---- ---------- ---- ---------- Income (Numerator): Net income for basic and diluted EPS $961 $1,124 $835 $1,088 ==== ====== ==== ====== Shares (Denominator): Weighted-average shares for basic EPS 1,055 1,055 1,087 1,087 Effect of dilutive securities 6 6 (*) 5 4 (*) --- --- --- --- Weighted-average shares for diluted EPS 1,061 1,061 1,092 1,091 ===== ===== ===== ===== Diluted earnings per share $0.91 $1.06 $0.76 $1.00
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SOURCE Amgen
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