EX-12.1 5 dex121.txt STATEMENT REGARDING COMPUTATION EXHIBIT 12.1 AMGEN INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS)
YEAR ENDED DECEMBER 31, THREE MONTHS - -------------------------------------------- ENDED MARCH 31, 1997 1998 1999 2000 2001 2002 ------ -------- -------- -------- -------- --------------- COMPUTATION OF EARNINGS: Income before taxes................. $861.4 $1,224.4 $1,566.2 $1,674.3 $1,686.3 $494.1 Net interest expense................ 3.6 10.0 15.2 15.9 13.6 7.0 Interest portion of operating lease expense........................... 5.0 6.5 7.9 8.5 10.3 2.6 Equity in (earnings) losses of 50%-or-less owned companies accounted for under the equity method............................ (9.0) 2.5 (17.4) 7.8 (16.1) (8.7) ------ -------- -------- -------- -------- ------ Earnings........................ $861.0 $1,243.4 $1,571.9 $1,706.5 $1,694.1 $495.0 ------ -------- -------- -------- -------- ------ COMPUTATION OF FIXED CHARGES: Net interest expense................ $ 3.6 $ 10.0 $ 15.2 $ 15.9 $ 13.6 $ 7.0 Capitalized interest................ 10.5 19.2 11.6 12.3 12.7 1.6 Interest portion of operating lease expense........................... 5.0 6.5 7.9 8.5 10.3 2.6 ------ -------- -------- -------- -------- ------ Fixed Charges................... $ 19.1 $ 35.7 $ 34.7 $ 36.7 $ 36.6 $ 11.2 ------ -------- -------- -------- -------- ------ RATIO OF EARNINGS TO FIXED CHARGES..... 45.1 34.8 45.3 46.5 46.3 44.2 ====== ======== ======== ======== ======== ======