EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
PRIMARY COMPUTATION
(In thousands except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
1994 1993 1994 1993
-------- -------- -------- --------
Income before cumulative
effect of a change in
accounting principle $113,956 $102,692 $314,880 $283,476
Cumulative effect of a
change in accounting
principle - - - 8,738
-------- -------- -------- --------
Net income $113,956 $102,692 $314,880 $292,214
======== ======== ======== ========
Applicable common and
common stock equivalent
shares:
Weighted average shares
of common stock
outstanding during
the period 132,894 134,952 133,312 135,701
Incremental number of
shares outstanding
during the period
resulting from the
assumed exercises of
stock options and
warrants 6,352 7,467 6,709 8,366
-------- -------- -------- --------
Weighted average shares
of common stock and
common stock equivalents
outstanding
during the period 139,246 142,419 140,021 144,067
======== ======== ======== ========
Earnings per common
share primary:
Income before cumulative
effect of a change
in accounting
principle $ .82 $ .72 $ 2.25 $ 1.97
Cumulative effect of a
change in accounting
principle - - - .06
-------- -------- -------- --------
Net income $ .82 $ .72 $ 2.25 $ 2.03
======== ======== ======== ========
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
FULLY DILUTED COMPUTATION
(In thousands except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
1994 1993 1994 1993
-------- -------- -------- --------
Income before cumulative
effect of a change in
accounting principle $113,956 $102,692 $314,880 $283,476
Cumulative effect of a
change in accounting
principle - - - 8,738
-------- -------- -------- --------
Net income $113,956 $102,692 $314,880 $292,214
======== ======== ======== ========
Applicable common and
common stock equivalent
shares:
Weighted average shares
of common stock
outstanding during
the period 132,894 134,952 133,312 135,701
Incremental number of
shares outstanding
during the period
resulting from the
assumed exercises of
stock options and
warrants 6,636 7,865 7,636 8,366
-------- -------- -------- --------
Weighted average shares
of common stock and
common stock equivalents
outstanding
during the period 139,530 142,817 140,948 144,067
======== ======== ======== ========
Earnings per common
share fully diluted:
Income before cumulative
effect of a change
in accounting
principle $ .82 $ .72 $ 2.23 $ 1.97
Cumulative effect of a
change in accounting
principle - - - .06
-------- -------- -------- --------
Net income $ .82 $ .72 $ 2.23 $ 2.03
======== ======== ======== ========