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Amgen's Second Quarter 2013 Revenues Increased 5 Percent To $4.7 Billion And Adjusted Earnings Per Share (EPS) Increased 3 Percent To $1.89
Date:7/30/2013

oduct candidates cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate will be successful and become a commercial product.  Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers.  Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock.

 Amgen Inc.Condensed Consolidated Statements of Income - GAAP(In millions, except per share data)(Unaudited)Three months endedSix months endedJune 30,June 30,2013201220132012Revenues:Product sales$ 4,595$ 4,200$ 8,746$ 8,101Other revenues84277171424Total revenues4,6794,4778,9178,525Operating expenses:Cost of sales7857521,5291,502Research and development9678261,8451,562Selling, general and administrative1,2561,2312,4142,310Other1217913785Total operating expenses3,1292,8885,9255,459Operating income1,5501,5892,9923,066Interest expense, net241256504491Interest and other income, net96124260248Income before income taxes1,4051,4572,7482,823Provision for income taxes14719156373Net income$ 1,258$ 1,266$ 2,692$ 2,450Earnings per share:Basic$ 1.67$ 1.63$ 3.58$ 3.13Diluted$ 1.65$ 1.61$ 3.52$ 3.09Average shares used in calculation of earnings per share:Basic752776752783Diluted764785764792Amgen Inc.Condensed Consolidated Balance Sheets - GAAP(In millions)(Unaudited)June 30,December 31,20132012AssetsCurrent assets:Cash, cash equivalents and marketable securities$ 22,018$ 24,061Trade receivables, net2,6742,518Inventories2,7732,744Other current assets2,2081,886Total current assets29,67331,209Property, plant and equipment, net5,2935,326Intangible assets, net3,7763,968Goodwill12,57812,662Other assets1,2901,133Total assets$ 52,610$ 54,298Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable and accrued liabilities$ 4,777$ 5,696Current
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