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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 401.5 $ 412.7 $ 1,137.7 $ 1,246.4
Operating expenses:        
Cost of product sales 33.0 51.9 88.8 166.8
Research and development 85.7 101.1 1,069.0 219.1
Selling, general and administrative 99.4 110.1 231.0 186.6
Total operating expenses 218.1 263.1 1,388.8 572.5
Operating income (loss) 183.4 149.6 (251.1) 673.9
Interest income 12.1 7.9 32.7 19.9
Interest expense (11.7) (4.1) (34.2) (9.6)
Other (expense) income, net (16.9) (0.9) 19.3 (4.8)
Impairment of investment in privately-held company   (12.4)   (12.4)
Total other (expense) income, net (16.5) (9.5) 17.8 (6.9)
Income (loss) before income taxes 166.9 140.1 (233.3) 667.0
Income tax (expense) benefit (34.5) (33.6) 76.2 (143.1)
Net income (loss) $ 132.4 $ 106.5 $ (157.1) $ 523.9
Net income (loss) per common share:        
Basic (in dollars per share) $ 3.02 $ 2.44 $ (3.59) $ 12.04
Diluted (in dollars per share) $ 3.01 $ 2.42 $ (3.59) $ 11.91
Weighted average number of common shares outstanding:        
Basic (in shares) 43.9 43.6 43.8 43.5
Diluted (in shares) 44.0 44.0 43.8 44.0
Net product sales        
Revenues:        
Total revenues $ 401.5 $ 412.7 $ 1,137.7 $ 1,246.4