EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
PRIMARY COMPUTATION
Years ended December 31, 1995, 1994 and 1993
(In millions, except per share data)
1995 1994 1993
------- ------- -------
Income before cumulative effect of a
change in accounting principle........ $537.7 $319.7 $374.6
Cumulative effect of a change in
accounting principle.................. - - 8.7
------ ------ ------
Net income............................... $537.7 $319.7 $383.3
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Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the period. 265.0 266.3 270.5
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and
warrants............................ 15.7 13.3 16.7
------ ------ ------
Weighted average shares of common stock
and common stock equivalents
outstanding during the period......... 280.7 279.6 287.2
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Earnings per common share primary:
Income before cumulative effect of a
change in accounting principle...... $ 1.92 $ 1.14 $ 1.30
Cumulative effect of a change in
accounting principle................ - - .03
------ ------ ------
Net income............................... $ 1.92 $ 1.14 $ 1.33
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EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
FULLY DILUTED COMPUTATION
Years ended December 31, 1995, 1994 and 1993
(In millions, except per share data)
1995 1994 1993
------- ------- -------
Income before cumulative effect of a
change in accounting principle........ $537.7 $319.7 $374.6
Cumulative effect of a change in
accounting principle.................. - - 8.7
------ ------ ------
Net income............................... $537.7 $319.7 $383.3
====== ====== ======
Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the period. 265.0 266.3 270.5
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and
warrants............................ 20.3 15.9 18.1
------ ------ ------
Weighted average shares of common stock
and common stock equivalents
outstanding during the period........ 285.3 282.2 288.6
====== ====== ======
Earnings per common share primary:
Income before cumulative effect of a
change in accounting principle..... $ 1.88 $ 1.13 $ 1.30
Cumulative effect of a change in
accounting principle............... - - .03
------ ------ ------
Net income.............................. $ 1.88 $ 1.13 $ 1.33
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