Amgen 2000 Annual Report Download - page 25

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28
Consolidated Statements of Operations
(In millions, except per share data)
Years ended December 31, 2000 1999 1998
Revenues:
Product sales $ 3,202.2 $ 3,042.8 $ 2,514.4
Corporate partner revenues 246.2 161.4 127.9
Royalty income 181.0 135.9 75.9
Total revenues 3,629.4 3,340.1 2,718.2
Operating expenses:
Cost of sales 408.4 402.1 345.2
Research and development 845.0 822.8 663.3
Selling, general and administrative 826.9 654.3 515.4
Loss of affiliates, net 23.9 16.8 28.6
Other items, net (18.8) (49.0) (23.0)
Total operating expenses 2,085.4 1,847.0 1,529.5
Operating income 1,544.0 1,493.1 1,188.7
Other income (expense):
Interest and other income, net 146.2 88.3 45.7
Interest expense, net (15.9) (15.2) (10.0)
Total other income 130.3 73.1 35.7
Income before income taxes 1,674.3 1,566.2 1,224.4
Provision for income taxes 535.8 469.8 361.2
Net income $ 1,138.5 $ 1,096.4 $ 863.2
Earnings per share:
Basic $ 1.11 $ 1.07 $ 0.85
Diluted $ 1.05 $ 1.02 $ 0.82
Shares used in calculation of earnings per share:
Basic 1,029.6 1,021.7 1,020.2
Diluted 1,084.7 1,078.3 1,057.3
See accompanying notes.