XML 26 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,385.9 $ 1,295.5 $ 2,732.8 $ 2,533.2
Cost of sales 285.3 256.9 581.6 495.9
Gross profit 1,100.6 1,038.6 2,151.2 2,037.3
Selling, general, and administrative expenses 450.8 410.4 883.6 792.4
Research and development expenses 272.6 243.7 530.4 478.5
Intellectual property agreement and certain litigation expenses (Note 3) 8.1 147.9 17.0 191.4
Change in fair value of contingent consideration liabilities (Note 7) 0.0 (26.9) 0.0 (26.2)
Operating income, net 369.1 263.5 720.2 601.2
Interest income, net (15.5) (9.1) (32.0) (17.7)
Other income, net (2.0) (2.5) (7.7) (3.7)
Income from continuing operations before provision for income taxes 386.6 275.1 759.9 622.6
Provision for income taxes 20.2 20.9 66.8 66.2
Net income from continuing operations 366.4 254.2 693.1 556.4
(Loss) income from discontinued operations, net of tax (1.4) 51.3 22.9 89.6
Net income 365.0 305.5 716.0 646.0
Net loss attributable to noncontrolling interest (1.3) (1.6) (2.2) (1.6)
Net income attributable to Edwards Lifesciences Corporation $ 366.3 $ 307.1 $ 718.2 $ 647.6
Basic:        
Continuing operations (in dollars per share) $ 0.61 $ 0.42 $ 1.15 $ 0.92
Discontinued operations (in dollars per share) 0 0.09 0.04 0.15
Basic earnings per share (in dollars per share) 0.61 0.51 1.19 1.07
Diluted:        
Continuing operations (in dollars per share) 0.61 0.42 1.15 0.91
Discontinued operations (in dollars per share) 0 0.08 0.04 0.15
Diluted earnings per share (in dollars per share) $ 0.61 $ 0.50 $ 1.19 $ 1.06
Weighted-average number of common shares outstanding:        
Basic (in shares) 602.1 606.9 601.8 607.2
Diluted (in shares) 604.3 610.3 604.2 610.6