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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenue $ 742.8 $ 638.9 $ 2,110.0 $ 1,822.3
Total cost of revenue 360.0 303.6 1,027.0 882.5
Gross profit 382.8 335.3 1,083.0 939.8
Operating expenses:        
Selling, general and administrative 177.6 144.8 518.2 442.7
Research and development 71.3 56.2 211.3 172.4
Other charges, net 9.4 3.0 20.1 23.0
Total operating expenses 258.3 204.0 749.6 638.1
Operating income 124.5 131.3 333.4 301.7
Interest and other income (expense), net (5.3) (2.0) (30.1) (8.8)
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries 119.2 129.3 303.3 292.9
Income tax provision 30.8 41.2 80.6 93.0
Equity in income of unconsolidated investees, net of tax 0.3 0.3 1.2 0.3
Consolidated net income 88.7 88.4 223.9 200.2
Net income attributable to noncontrolling interests in consolidated subsidiaries 0.6 0.3 2.2 1.0
Net income attributable to Bruker Corporation $ 88.1 $ 88.1 $ 221.7 $ 199.2
Net income per common share attributable to Bruker Corporation shareholders:        
Basic $ 0.6 $ 0.6 $ 1.51 $ 1.34
Diluted $ 0.6 $ 0.59 $ 1.5 $ 1.33
Weighted average common shares outstanding:        
Basic 146.6 147.8 146.7 149.1
Diluted 147.3 148.6 147.5 149.9
Comprehensive income $ 58.0 $ 44.6 $ 203.5 $ 113.7
Less: Comprehensive income (loss) attributable to noncontrolling interests 0.3 (0.3) 2.9 (0.5)
Less: Comprehensive loss attributable to redeemable noncontrolling interest (0.8) (0.6) (1.1) (1.3)
Comprehensive income attributable to Bruker Corporation 58.5 45.5 201.7 115.5
Product        
Total revenue 615.1 536.6 1,741.8 1,512.8
Total cost of revenue 293.0 240.5 823.0 699.6
Other        
Total revenue 127.7 102.3 368.2 309.5
Total cost of revenue $ 67.0 $ 63.1 $ 204.0 $ 182.9