Amgen 2000 Annual Report Download - page 38

41
For purposes of pro forma disclosures, the estimated fair values of
the options are amortized over the options’ vesting periods. The
Company’s pro forma information is as follows (in millions, except
per share information):
Years ended December 31, 2000 1999 1998
Pro forma net income $ 1,035.4 $ 1,030.0 $ 735.9
Pro forma earnings
per share:
Basic $ 1.01 $ 1.01 $ 0.72
Diluted $ 0.95 $ 0.95 $ 0.70
Information regarding employee stock options outstanding as of
December 31, 2000 is as follows (shares in millions):
41
Notes to Consolidated Financial Statements
Options Outstanding Options Exercisable
Weighted-Average
Weighted-Average Remaining Weighted-Average
Price Range Shares Exercise Price Contractual Life Shares Exercise Price
$10.00 and under 11.4 $ 7.83 1.1 years 11.4 $ 7.83
Over $10.00 to $15.00 32.4 $ 13.77 3.4 years 26.7 $ 13.72
Over $15.00 to $30.00 25.2 $ 16.94 4.5 years 12.0 $ 17.22
Over $30.00 to $60.00 18.2 $ 33.59 5.5 years 4.9 $ 32.44
Over $60.00 11.5 $ 68.38 6.5 years 0.5 $ 66.48
Employee Stock Purchase Plan
The Company has an employee stock purchase plan whereby, in
accordance with Section 423 of the Internal Revenue Code, eli-
gible employees may authorize payroll deductions of up to 10% of
their salary to purchase shares of the Company’s common stock
at the lower of 85% of the fair market value of common stock on
the first or last day of the offering period. During the years ended
December 31, 2000 and 1998, employees purchased 1.3 million
and 1.0 million shares at weighted-average prices of approxi-
mately $30.33 and $11.46 per share, respectively. No shares were
purchased under the employee stock purchase plan during 1999
because the Company had a 15 month offering period which
extended from January 1, 1999 to March 31, 2000. At December
31, 2000, the Company had 16.2 million shares available for
future issuance under this plan.
Defined Contribution Plans
The Company has defined contribution plans covering substan-
tially all employees in the United States and its possessions. Under
these plans, the Company makes certain amounts of matching
contributions for those employees who elect to contribute to the
plans and makes additional contributions based upon the com-
pensation of eligible employees regardless of whether or not the
employees contribute to the plans. In addition, the Company has
other defined contribution plans covering certain employees of the
Company and employees of its foreign affiliates. The Company’s
expense for its defined contribution plans totaled $42.6 million,
$34.3 million and $26.7 million for the years ended December 31,
2000, 1999 and 1998, respectively.