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Amgen’s Fourth Quarter 2010 Adjusted Earnings Per Share Increased 11 Percent to $1.17; Full Year 2010 Adjusted Earnings Per Share Increased 6 Percent to $5.21


(a)$   0.92$

(a)Average shares used in calculation of earnings per share:Basic 9409401,0061,006Diluted (l)946946


(a)(a) - (l)   See explanatory notes on the following pages.   Amgen Inc.Condensed Consolidated Statements of Income andReconciliation of GAAP Earnings to "Adjusted" Earnings (In millions, except per share data)(Unaudited)Year endedYear endedDecember 31, 2010December 31, 2009GAAPAdjustments


"Adjusted"Revenues:Product sales$ 14,660$
-$  14,660$ 14,351$
-$  14,351Other revenues393-393291-291Total revenues15,053-15,05314,642-14,642Operating expenses:Cost of sales (excludes amortization of certain acquired intangible assets presented below) 2,220(15)



(f)Research and development2,894(51)





(f)Selling, general and administrative3,983(58)



(f)Amortization of certain acquired intangible assets294(294)


(c)-Other 117(118)




(f)Total operating expenses9,508(605)8,9039,136(582)8,554Operating income5,5456056,1505,5065826,088 Interest expense, net604(266)


(g)328 Interest and other income, net376-376276-276Income before income taxes5,3178716,1885,2048326,036Provision for income taxes690318







(k)Net income $   4,627$ 397$
5,024$   4,605$ 409$
5,014Earnings per share:Basic $
4.94Diluted (l)$


(a)Average shares used in calculation of earning

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