Amgen 2009 Annual Report Download - page 73
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Stock repurchase program
Repurchases under our stock repurchase program reflect, in part, our confidence in the long-term value of
our common stock. Additionally, we believe that it is an effective way of returning cash to our stockholders. The
manner of purchases, the amount we spend and the number of shares repurchased will vary based on a number of
factors including the stock price, blackout periods in which we are restricted from repurchasing shares, and our
credit rating and may include private block purchases as well as market transactions.
During the three months ended December 31, 2009, we had one outstanding stock repurchase program. A
summary of our repurchase activity for the three months ended December 31, 2009 is as follows:
Total
number of
shares
purchased
Average
price paid
per share
Total number
of shares
purchased as
part of
publicly
announced
programs
Maximum $
value that may
yet be purchased
under the
programs(1)
October 1 — October 31 ......................... 3,845,000 $54.93 3,845,000 $1,963,027,922
November 1 — November 30 ..................... 12,210,000 55.53 12,210,000 1,285,036,989
December 1 — December 31 ..................... 5,677,300 56.65 5,677,300 5,963,425,662
21,732,300 55.72 21,732,300
(1) In December 2009, the Board of Directors authorized us to repurchase up to an additional $5.0 billion of our
common stock adding to the $5.0 billion previously authorized in July 2007. As of December 31, 2009, we
had $6.0 billion available for stock repurchases as authorized by our Board of Directors.
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