Amgen 2012 Annual Report Download - page 101

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F-2
AMGEN INC.
CONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2012, 2011 and 2010
(In millions, except per share data)
2012 2011 2010
Revenues:
Product sales $ 16,639 $ 15,295 $ 14,660
Other revenues 626 287 393
Total revenues 17,265 15,582 15,053
Operating expenses:
Cost of sales (excludes amortization of certain acquired intangible
assets presented separately) 2,918 2,427 2,220
Research and development 3,380 3,167 2,894
Selling, general and administrative 4,801 4,486 3,983
Amortization of certain acquired intangible assets 294 294 294
Other 295 896 117
Total operating expenses 11,688 11,270 9,508
Operating income 5,577 4,312 5,545
Interest expense, net 1,053 610 604
Interest and other income, net 485 448 376
Income before income taxes 5,009 4,150 5,317
Provision for income taxes 664 467 690
Net income $ 4,345 $ 3,683 $ 4,627
Earnings per share:
Basic $ 5.61 $ 4.07 $ 4.82
Diluted $ 5.52 $ 4.04 $ 4.79
Shares used in the calculation of earnings per share:
Basic 775 905 960
Diluted 787 912 965
See accompanying notes.