EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
PRIMARY COMPUTATION
Years ended December 31, 1994, 1993 and 1992
(In thousands, except earnings per share data)
1994 1993 1992
------- ------- -------
Income before cumulative effect of a
change in accounting principle....... $319,665 $374,575 $357,600
Cumulative effect of a change in
accounting principle................. - 8,738 -
-------- -------- --------
Net income............................. $319,665 $383,313 $357,600
======== ======== ========
Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the
period.......................... 133,155 135,257 134,305
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and
warrants........................ 6,635 8,354 12,992
------- ------- -------
Weighted average shares of common stock
and common stock equivalents
outstanding during the period........ 139,790 143,611 147,297
======= ======= =======
Earnings per common share primary:
Income before cumulative effect of a
change in accounting principle.... $ 2.29 $ 2.61 $ 2.43
Cumulative effect of a change in
accounting principle.............. - .06 -
------- ------- -------
Net income........................... $ 2.29 $ 2.67 $ 2.43
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EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
FULLY DILUTED COMPUTATION
Years ended December 31, 1994, 1993 and 1992
(In thousands, except earnings per share data)
1994 1993 1992
-------- -------- -------
Income before cumulative effect of
a change in accounting principle....... $319,665 $374,575 $357,600
Cumulative effect of a change in
accounting principle................... - 8,738 -
-------- -------- --------
Net income............................... $319,665 $383,313 $357,600
======== ======== ========
Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the
period............................ 133,155 135,257 134,305
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and
warrants.......................... 7,944 9,065 13,421
------- -------- -------
Weighted average shares of common stock
and common stock equivalents
outstanding during the period.......... 141,099 144,322 147,726
======= ======= =======
Income before cumulative effect of a
change in accounting principle....... $ 2.27 $ 2.60 $ 2.42
Cumulative effect of a change in
accounting principle................. - .06 -
------- ------- -------
Net income............................. $ 2.27 $ 2.66 $ 2.42
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