EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
PRIMARY COMPUTATION
(In thousands except per share data)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1994 1993 1994 1993
-------- -------- -------- --------
Income before cumulative
effect of a change in
accounting principle... $107,464 $100,224 $200,924 $180,784
Cumulative effect of a
change in accounting
principle.............. - - - 8,738
-------- -------- -------- --------
Net income............... $107,464 $100,224 $200,924 $189,522
======== ======== ======== ========
Applicable common and
common stock equivalent
shares:
Weighted average shares
of common stock
outstanding during
the period............. 132,947 135,765 133,452 136,076
Incremental number of
shares outstanding
during the period
resulting from the
assumed exercises of
stock options and
warrants............... 6,662 7,912 7,034 8,618
-------- -------- -------- --------
Weighted average shares
of common stock and
common stock
equivalents outstanding
during the period....... 139,609 143,677 140,486 144,694
======== ======== ======== ========
Earnings per common share
primary:
Income before cumulative
effect of a change
in accounting
principle............... $ .77 $ .70 $ 1.43 $ 1.25
Cumulative effect of a
change in accounting
principle............... - - - .06
-------- -------- -------- --------
Net income................ $ .77 $ .70 $ 1.43 $ 1.31
======== ======== ======== ========
EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
FULLY DILUTED COMPUTATION
(In thousands except per share data)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1994 1993 1994 1993
-------- -------- -------- --------
Income before cumulative
effect of a change in
accounting principle... $107,464 $100,224 $200,924 $180,784
Cumulative effect of a
change in accounting
principle.............. - - - 8,738
-------- -------- -------- --------
Net income............... $107,464 $100,224 $200,924 $189,522
======== ======== ======== ========
Applicable common and
common stock equivalent
shares:
Weighted average shares
of common stock
outstanding during
the period............. 132,947 135,765 133,452 136,076
Incremental number of
shares outstanding
during the period
resulting from the
assumed exercises of
stock options and
warrants............... 6,684 7,912 7,034 8,618
-------- -------- -------- --------
Weighted average shares
of common stock and
common stock
equivalents outstanding
during the period...... 139,631 143,677 140,486 144,694
======== ======== ======== ========
Earnings per common share
fully diluted:
Income before cumulative
effect of a change
in accounting
principle.............. $ .77 $ .70 $ 1.43 $ 1.25
Cumulative effect of a
change in accounting
principle.............. - - - .06
-------- -------- -------- --------
Net income............... $ .77 $ .70 $ 1.43 $ 1.31
======== ======== ======== ========