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Amgen's Second Quarter 2009 Adjusted Earnings Per Share Increased 13 Percent To $1.29
Date:7/27/2009

for our convertible notes under Financial Accounting Standards Board's Staff Position No. APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("FSP APB 14-1").

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

                          Six months ended            Six months ended
                            June 30, 2009               June 30, 2008
                  --------------------------   ------------------------------
                         Adjust-                         Adjust-
                  GAAP    ments   "Adjusted"   GAAP (a)   ments    "Adjusted"
                  ----   -------  ----------   --------  -------   ----------
    Revenues:
      Product
       sales      $6,872    $-        $6,872    $7,229    $-        $7,229
      Other
       revenues      149     -           149       148     -           148
                     ---   ---           ---       ---   ---           ---
        Total
         revenues  7,021     -         7,021     7,377     -         7,377
                   -----   ---         -----     -----   ---         -----

    Operating
     expenses:
      Cost of sales
       (excludes
       amortization
       of certain
       acquired
       intangible
       assets
       presented
       below)      1,008    (6) (b)    1,001     1,061    (6) (b)    1,054
                            (1) (c)                       (1) (c)
      Research and
       development 1,326   (27) (b)    1,262     1,503   (23) (b)    1,440
                            (3) (c)                       (3) (c)
                           (34) (d)                      (36) (d)
                   
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SOURCE Amgen
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