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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Revenues $ 1,711.8 $ 1,511.5
Expenses:    
Research and development 641.8 498.6
Selling, general, and administrative 410.8 330.8
Total expenses 1,231.8 944.3
Income from operations 480.0 567.2
Other income (expense):    
Other income (expense), net 73.8 24.6
Interest expense (7.7) (6.4)
Total other income (expense) 66.1 18.2
Income before income taxes 546.1 585.4
Income tax expense (85.0) (107.4)
Net income $ 461.1 $ 478.0
Net income per share - basic (in dollars per share) $ 4.23 $ 4.44
Net income per share - diluted (in dollars per share) $ 3.99 $ 4.16
Weighted average shares outstanding - basic (in shares) 108.9 107.6
Weighted average shares - diluted (in shares) 115.5 114.9
Statements of Comprehensive Income    
Net income $ 461.1 $ 478.0
Other comprehensive income (loss), net of tax:    
Unrealized gain (loss) on debt securities 16.1 (11.1)
Unrealized (loss) gain on cash flow hedges (1.0) 1.4
Comprehensive income 476.2 468.3
Product    
Revenues:    
Revenues 1,104.4 987.9
Expenses:    
Cost of goods sold 70.9 69.2
Collaboration and contract manufacturing    
Expenses:    
Cost of goods sold 108.3 45.7
Sanofi | Product and service, other    
Revenues:    
Revenues 246.4 189.5
Bayer | Product and service, other    
Revenues:    
Revenues 276.2 247.9
Other | Product and service, other    
Revenues:    
Revenues $ 84.8 $ 86.2