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Unaudited Quarterly Results (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Summarized quarterly financial data (unaudited) for the years ended December 31, 2018 and 2017 are set forth in the following tables.
 
 
First Quarter Ended
March 31, 2018(1)
 
Second Quarter Ended
June 30, 2018
 
Third Quarter Ended
September 30, 2018
 
Fourth Quarter Ended
December 31, 2018(2)(3)
Revenues
 
$
1,511.5

 
$
1,608.0

 
$
1,663.5

 
$
1,927.8

Net income
 
$
478.0

 
$
551.4

 
$
594.7

 
$
820.4

Net income per share - basic
 
$
4.44

 
$
5.12

 
$
5.50

 
$
7.58

Net income per share - diluted
 
$
4.16

 
$
4.82

 
$
5.17

 
$
7.15

 
 
 
 
 
 
 
 
 
 
 
First Quarter Ended
March 31, 2017
 
Second Quarter Ended
June 30, 2017
 
Third Quarter Ended
September 30, 2017
 
Fourth Quarter Ended
December 31, 2017
(4)
Revenues
 
$
1,319.0

 
$
1,470.1

 
$
1,500.7

 
$
1,582.4

Net income
 
$
248.9

 
$
387.7

 
$
388.3

 
$
173.5

Net income per share - basic
 
$
2.36

 
$
3.66

 
$
3.64

 
$
1.62

Net income per share - diluted
 
$
2.16

 
$
3.34

 
$
3.32

 
$
1.50

 
 
 
 
 
 
 
 
 
(1) In the first quarter of 2018, the Company adopted ASC 606 and ASU 2016-01. Prior period amounts have not been adjusted in connection with the adoption of these accounting standards. See Note 1.
(2) Includes impact of a cumulative catch-up adjustment recorded to revenue upon modification of the Amended IO Discovery Agreement. See Note 3.
(3) Includes tax impact of the sale of non-inventory related assets between foreign subsidiaries completed during the fourth quarter of 2018. See Note 16.
(4)As a result of the Act being signed into law on December 22, 2017, the Company recognized a charge of $326.2 million in the fourth quarter of 2017 related to the re-measurement of its U.S. net deferred tax assets at the lower enacted corporate tax rate. See Note 16.