Amgen 2001 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2001 Amgen annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 54

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54

AMGEN 2001 ANNUAL REPORT
Years ended December 31, 2001 2000 1999
Revenues:
Product sales $3,511.0 $3,202.2 $3,042.8
Corporate partner revenues 252.0 246.2 161.4
Royalty income 252.7 181.0 135.9
Total revenues 4,015.7 3,629.4 3,340.1
Operating expenses:
Cost of sales 443.0 408.4 402.1
Research and development 865.0 845.0 822.8
Selling, general and administrative 970.7 826.9 654.3
Loss of affiliates, net 2.7 23.9 16.8
Other items, net 203.1 (18.8) (49.0)
Total operating expenses 2,484.5 2,085.4 1,847.0
Operating income 1,531.2 1,544.0 1,493.1
Other income (expense):
Interest and other income, net 168.7 146.2 88.3
Interest expense, net (13.6) (15.9) (15.2)
Total other income 155.1 130.3 73.1
Income before income taxes 1,686.3 1,674.3 1,566.2
Provision for income taxes 566.6 535.8 469.8
Net income $1,119.7 $1,138.5 $1,096.4
Earnings per share:
Basic $ 1.07 $ 1.11 $ 1.07
Diluted $ 1.03 $ 1.05 $ 1.02
Shares used in calculation of earnings per share:
Basic 1,045.5 1,029.6 1,021.7
Diluted 1,084.4 1,084.7 1,078.3
See accompanying notes.
Consolidated Statements of Operations
(In millions, except per share data)
32