Amgen 2002 Annual Report Download - page 45

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AMGEN 2002 ANNUAL REPORT
Consolidated Statements of Operations
(In millions, except per share data)
Years ended December 31, 2002 2001 2000
Revenues:
Product sales $ 4,991.2 $3,511.0 $3,202.2
Corporate partner revenues 200.3 252.0 246.2
Royalty income 331.5 252.7 181.0
Total revenues 5,523.0 4,015.7 3,629.4
Operating expenses:
Cost of sales 735.7 443.0 408.4
Research and development 1,116.6 865.0 845.0
Selling, general and administrative 1,462.1 970.7 826.9
Write-off of acquired in-process research and development 2,991.8 — 30.1
Amortization of acquired intangible assets 155.2 ——
(Earnings) loss of affiliates, net (12.6) 2.7 23.9
Other items, net (141.3) 203.1 (48.9)
Total operating expenses 6,307.5 2,484.5 2,085.4
Operating (loss) income (784.5) 1,531.2 1,544.0
Other income (expense):
Interest and other income, net 144.2 168.7 146.2
Interest expense, net (44.2) (13.6) (15.9)
Total other income 100.0 155.1 130.3
(Loss) income before income taxes (684.5) 1,686.3 1,674.3
Provision for income taxes 707.4 566.6 535.8
Net (loss) income $(1,391.9) $1,119.7 $1,138.5
(Loss) earnings per share:
Basic $(1.21) $ 1.07 $ 1.11
Diluted $(1.21) $ 1.03 $ 1.05
Shares used in calculation of (loss) earnings per share:
Basic 1,153.5 1,045.5 1,029.6
Diluted 1,153.5 1,084.4 1,084.7
See accompanying notes.
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