1、Dear Shareholders,2014 was an extraordinary year for Amgenfinancially,scientifically and organizationally.We moved markedly forward in growing our compelling portfolio of innovative and biosimilar medicines,and in transforming our company to deliver long-term,industry-leading innovation and financia
2、l returns.Delivering for ShareholdersIn 2014,we grew revenues at Amgen by 7 percent,surpassing$20 billion for the first time.Consistent with our international expansion objectives,we grew sales outside of the U.S.by double digits.We grew adjusted operating income*by 22 percent,reflecting our commitm
3、ent to expense discipline across the company.In addition,we grew free cash flow*40 percent to$7.8 billion.This strong financial performance,and our confidence in the longer-term outlook,enabled us to increase our dividend by 30 percent in 2014 and increase our share repurchase authorization to$4 bil
4、lion in total.We are on the path to meeting our commitment to return approximately 60 percent of adjusted net income*to shareholders annually through 2018,on average.Beginning a New Product Launch Cycle We delivered an extraordinary flow of data from our late-stage pipeline in 2014 and entered an ex
5、citing new product launch cycle.We advanced eight innovative,late-stage molecules in five therapeutic areas,all addressing serious illness and high unmet medical need.Six late-stage molecules generated positive,registration-enabling data in 2014,and four were filed with regulators.In December 2014,w
6、e received approval from the U.S.Food and Drug Administration(FDA)and began marketing our bispecific T-cell engager(BiTE)immunotherapy BLINCYTO(blinatumomab)for a type of acute lymphoblastic leukemia less than three months after submission.BLINCYTO is an important new treatment option for patients a