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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 638.9 $ 608.9 $ 1,822.3 $ 1,734.4
Total cost of revenue 303.6 300.2 882.5 866.4
Gross profit 335.3 308.7 939.8 868.0
Operating expenses:        
Selling, general and administrative 144.8 141.3 442.7 407.9
Research and development 56.2 52.1 172.4 162.7
Other charges, net 3.0 2.1 23.0 9.5
Total operating expenses 204.0 195.5 638.1 580.1
Operating income 131.3 113.2 301.7 287.9
Interest and other income (expense), net (2.0) (4.4) (8.8) (13.8)
Income before income taxes, equity in income of unconsolidated investee, net of tax, and noncontrolling interests in consolidated subsidiaries 129.3 108.8 292.9 274.1
Income tax provision 41.2 20.7 93.0 69.5
Equity in income of unconsolidated investee, net of tax 0.3 0.0 0.3 0.0
Consolidated net income 88.4 88.1 200.2 204.6
Net income attributable to noncontrolling interests in consolidated subsidiaries 0.3 1.0 1.0 3.2
Net income attributable to Bruker Corporation $ 88.1 $ 87.1 $ 199.2 $ 201.4
Net income per common share attributable to Bruker Corporation shareholders:        
Basic $ 0.60 $ 0.58 $ 1.34 $ 1.33
Diluted $ 0.59 $ 0.57 $ 1.33 $ 1.32
Weighted average common shares outstanding:        
Basic (in shares) 147.8 151.4 149.1 151.5
Diluted (in shares) 148.6 152.8 149.9 153.0
Comprehensive income $ 44.6 $ 73.1 $ 113.7 $ 188.1
Less: Comprehensive (loss) income attributable to noncontrolling interests (0.3) 0.7 (0.5) 0.9
Less: Comprehensive loss attributable to redeemable noncontrolling interest (0.6) 0.0 (1.3) 0.0
Comprehensive income attributable to Bruker Corporation 45.5 72.4 115.5 187.2
Product        
Total revenue 536.6 508.3 1,512.8 1,441.2
Total cost of revenue 240.5 243.5 699.6 700.4
Service        
Total revenue 100.9 99.0 305.0 287.8
Total cost of revenue 63.1 56.5 182.8 165.3
Other        
Total revenue 1.4 1.6 4.5 5.4
Total cost of revenue $ 0.0 $ 0.2 $ 0.1 $ 0.7