Amgen 2000 Annual Report Download - page 36

39
Information regarding the components of accumulated other
comprehensive income/(loss) are as follows (in millions):
Accumulated
Unrealized Foreign Other
Gains on Currency Comprehensive
Securities Translation Income/(Loss)
Balance at
December 31, 1999 $ 15.3 $ (30.1) $ (14.8)
Current year other
comprehensive
income/(loss) 99.0 (21.6) 77.4
Balance at
December 31, 2000 $ 114.3 $ (51.7) $ 62.6
Information regarding the income tax effects for items of other
comprehensive income/(loss) are as follows (in millions):
Before-Tax Tax Benefit / After-Tax
Amount (Expense) Amount
For the year ended
December 31, 1998:
Unrealized losses on
available-for-sale securities $ (1.8) $ 0.7 $ (1.1)
Less: Reclassification
adjustments for losses
realized in net income (15.8) 5.6 (10.2)
Net unrealized gains on
available-for-sale securities 14.0 (4.9) 9.1
Foreign currency translation
adjustments 9.0 —9.0
Other comprehensive income $ 23.0 $ (4.9) $ 18.1
For the year ended
December 31, 1999:
Unrealized gains on
available-for-sale securities $ 12.0 $ (5.3) $ 6.7
Less: Reclassification
adjustments for losses
realized in net income (1.0) 0.4 (0.6)
Net unrealized gains on
available-for-sale securities 13.0 (5.7) 7.3
Foreign currency
translation adjustments (18.1) —(18.1)
Other comprehensive loss $ (5.1) $ (5.7) $(10.8)
Before-Tax Tax Benefit / After-Tax
Amount (Expense) Amount
For the year ended
December 31, 2000:
Unrealized gains on
available-for-sale securities $ 193.0 $ (75.8) $ 117.2
Less: Reclassification
adjustments for gains
realized in net income 30.0 (11.8) 18.2
Net unrealized gains on
available-for-sale securities 163.0 (64.0) 99.0
Foreign currency
translation adjustments (21.6) —(21.6)
Other comprehensive income $ 141.4 $ (64.0) $ 77.4
Other
In addition to common stock, the Company’s authorized capital
includes 5.0 million shares of preferred stock, $0.0001 par value,
of which 0.7 million shares have been designated Series A
Preferred Stock. At December 31, 2000 and 1999, no shares of
preferred stock were issued or outstanding.
At December 31, 2000, the Company had reserved 183.1 million
shares of its common stock which may be issued through its
employee stock option and stock purchase plans and had
reserved 0.7 million shares of Series A Preferred Stock.
Note 7
Employee Stock Option, Stock Purchase and
Defined Contribution Plans
Employee Stock Option Plans
The Company’s employee stock option plans provide for option
grants designated as either nonqualified or incentive stock
options. Option grants to employees generally vest over a three to
five year period and expire seven years from the date of grant.
Most employees are eligible to receive a grant of stock options
periodically with the number of shares generally determined by the
employee’s salary grade, performance level and the stock price.
In addition, certain management and professional level employees
normally receive a stock option grant upon hire. As of December
31, 2000, the Company had 67.8 million shares of common stock
available for future grant under its employee stock option plans.
Notes to Consolidated Financial Statements