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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenue $ 681.9 $ 588.4 $ 1,367.2 $ 1,183.4
Total cost of revenue 341.4 290.2 667.0 578.9
Gross profit 340.5 298.2 700.2 604.5
Operating expenses:        
Selling, general and administrative 177.9 152.2 340.6 297.9
Research and development 71.0 59.6 140.0 116.2
Other charges, net 5.4 12.5 10.7 20.0
Total operating expenses 254.3 224.3 491.3 434.1
Operating income 86.2 73.9 208.9 170.4
Interest and other income (expense), net (8.7) (4.3) (24.8) (6.8)
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries 77.5 69.6 184.1 163.6
Income tax provision 19.9 19.9 49.8 51.8
Equity in income of unconsolidated investees, net of tax 0.2 0.0 0.9 0.0
Consolidated net income 57.8 49.7 135.2 111.8
Net income attributable to noncontrolling interests in consolidated subsidiaries 0.7 0.2 1.6 0.7
Net income attributable to Bruker Corporation $ 57.1 $ 49.5 $ 133.6 $ 111.1
Net income per common share attributable to Bruker Corporation shareholders:        
Basic $ 0.39 $ 0.33 $ 0.91 $ 0.74
Diluted $ 0.39 $ 0.33 $ 0.91 $ 0.74
Weighted average common shares outstanding:        
Basic 146.8 149 146.8 149.7
Diluted 147.7 149.8 147.6 150.6
Comprehensive income $ 52.9 $ 15.9 $ 145.5 $ 69.1
Less: Comprehensive income (loss) attributable to noncontrolling interests 1.3 (0.4) 2.6 (0.2)
Less: Comprehensive loss attributable to redeemable noncontrolling interest (0.3) (0.5) (0.3) (0.7)
Comprehensive income attributable to Bruker Corporation 51.9 16.8 143.2 70.0
Product        
Total revenue 559.6 485.8 1,126.7 976.2
Total cost of revenue 272.8 230.1 530.0 459.1
Other        
Total revenue 122.3 102.6 240.5 207.2
Total cost of revenue $ 68.6 $ 60.1 $ 137.0 $ 119.8