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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Net product sales $ 408.2 $ 384.7 $ 1,189.8 $ 1,056.4
Other   1.5   4.5
Total revenues 408.2 386.2 1,189.8 1,060.9
Operating expenses:        
Cost of product sales 23.6 6.9 44.3 43.7
Research and development 45.9 9.6 80.7 169.2
Selling, general and administrative 100.1   177.3 304.0
Selling, general and administrative   (17.3)    
Total operating expenses 169.6   302.3 516.9
Total operating expenses   (0.8)    
Operating income 238.6 387.0 887.5 544.0
Other income (expense):        
Interest expense (0.5) (0.8) (1.7) (4.2)
Gain on sale of intangible asset   350.0   350.0
Other, net 1.0 0.6 2.9 (1.4)
Total other income, net 0.5 349.8 1.2 344.4
Income before income taxes 239.1 736.8 888.7 888.4
Income tax expense (77.3) (272.4) (285.3) (341.4)
Net income $ 161.8 $ 464.4 $ 603.4 $ 547.0
Net income per common share:        
Basic (in dollars per share) $ 3.75 $ 10.20 $ 13.62 $ 11.86
Diluted (in dollars per share) $ 3.50 $ 9.24 $ 12.76 $ 10.58
Weighted average number of common shares outstanding:        
Basic (in shares) 43.2 45.5 44.3 46.1
Diluted (in shares) 46.2 50.2 47.3 51.7