Amgen 2007 Annual Report Download - page 176

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AMGEN INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(5) In the fourth quarter 2006, we recorded the following in the Consolidated Statement of Income:
a. charge of $130 million related to the non-tax deductible write-off of IPR&D related to the Avidia ac-
quisition; and
b. tax benefits for the retroactive extension of the R&D tax credit and from favorable audit settlements of
$35 million and $27 million, respectively.
(6) In the third quarter 2006, we recorded the following in the Consolidated Statement of Income:
a. benefit of $60 million from favorable tax audit settlements; and
b. charge of $49 million ($31 million, net of tax) related to the impairment of a non-ENBREL related in-
tangible asset previously acquired in the Immunex acquisition.
(7) In the second quarter 2006, we recorded a charge of $1.1 billion related to the non-tax deductible write-off
of IPR&D related to the Abgenix acquisition.
(8) EPS is computed independently for each of the quarters presented. Therefore, the sum of the quarterly EPS
information may not equal annual EPS.
See Notes 1, 2, 5, 8 and 14 for further discussion of the items described above.
F-50