EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
PRIMARY COMPUTATION
Years ended December 31, 1996, 1995 and 1994
(In millions, except per share data)
1996 1995 1994
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Net income .............................. $679.8 $537.7 $319.7
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Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the period 264.9 265.0 266.3
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and 15.8 15.7 13.3
warrants ...........................
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Weighted average shares of common stock
and common stock equivalents
outstanding during the period ......... 280.7 280.7 279.6
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Earnings per common share primary ....... $ 2.42 $ 1.92 $ 1.14
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1
EXHIBIT 11
AMGEN INC.
COMPUTATION OF PER SHARE EARNINGS
FULLY DILUTED COMPUTATION
Years ended December 31, 1996, 1995 and 1994
(In millions, except per share data)
1996 1995 1994
------ ------ ------
Net income .............................. $679.8 $537.7 $319.7
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Applicable common and common stock
equivalent shares:
Weighted average shares of common
stock outstanding during the period 264.9 265.0 266.3
Incremental number of shares
outstanding during the period
resulting from the assumed
exercises of stock options and 16.0 20.3 15.9
warrants ...........................
------ ------ ------
Weighted average shares of common stock
and common stock equivalents
outstanding during the period ......... 280.9 285.3 282.2
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Earnings per common share fully diluted . $ 2.42 $ 1.88 $ 1.13
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