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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Total revenues $ 609.4 $ 516.0 $ 1,712.8 $ 1,444.8
Operating expenses:        
Cost of sales 70.1 37.2 186.5 92.8
Research and development 84.7 66.1 256.6 229.0
Selling, general, and administrative 127.6 98.4 344.9 318.9
Total operating expenses 282.4 201.7 788.0 640.7
Operating income 327.0 314.3 924.8 804.1
Interest income 45.3 13.3 111.7 24.4
Interest expense (15.6) (9.2) (44.2) (20.1)
Other expense, net (4.9) (5.9) (13.4) (34.9)
Impairment of investment in privately-held company 0.0 0.0 0.0 (1.7)
Total other income (expense), net 24.8 (1.8) 54.1 (32.3)
Income before income taxes 351.8 312.5 978.9 771.8
Income tax expense (84.2) (73.2) (211.2) (176.6)
Net income $ 267.6 $ 239.3 $ 767.7 $ 595.2
Net income per common share:        
Basic (in dollars per share) $ 5.71 $ 5.26 $ 16.44 $ 13.14
Diluted (in dollars per share) $ 5.38 $ 4.91 $ 15.48 $ 12.35
Weighted average number of common shares outstanding:        
Basic (in shares) 46.9 45.5 46.7 45.3
Diluted (in shares) 49.7 48.7 49.6 48.2