Amgen 2010 Annual Report Download - page 124
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AMGEN INC.
CONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2010, 2009 and 2008
(In millions, except per share data)
2010 2009 2008
Revenues:
Product sales ................................................ $14,660 $14,351 $14,687
Other revenues ............................................... 393 291 316
Total revenues ............................................. 15,053 14,642 15,003
Operating expenses:
Cost of sales (excludes amortization of certain acquired intangible assets
presented below) ........................................... 2,220 2,091 2,296
Research and development ...................................... 2,894 2,864 3,030
Selling, general and administrative ................................ 3,983 3,820 3,789
Amortization of certain acquired intangible assets ..................... 294 294 294
Other charges................................................ 117 67 380
Total operating expenses ...................................... 9,508 9,136 9,789
Operating income .............................................. 5,545 5,506 5,214
Interest expense, net ............................................ 604 578 551
Interest and other income, net ..................................... 376 276 352
Income before income taxes ....................................... 5,317 5,204 5,015
Provision for income taxes ........................................ 690 599 963
Net income . . ................................................. $ 4,627 $ 4,605 $ 4,052
Earnings per share:
Basic ...................................................... $ 4.82 $ 4.53 $ 3.79
Diluted . . . ................................................. $ 4.79 $ 4.51 $ 3.77
Shares used in calculation of earnings per share:
Basic ...................................................... 960 1,016 1,070
Diluted . . . ................................................. 965 1,021 1,075
See accompanying notes.
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