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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 1,933.7 $ 1,608.0 $ 3,645.5 $ 3,119.5
Expenses:        
Research and development 1,048.3 529.3 1,690.1 1,027.9
Selling, general, and administrative 417.3 364.8 828.1 695.6
Total expenses 1,618.1 985.8 2,849.9 1,930.1
Income from operations 315.6 622.2 795.6 1,189.4
Other income (expense):        
Other (expense) income, net (82.9) 40.8 (9.1) 65.4
Interest expense (8.0) (6.9) (15.7) (13.3)
Total other income (expense) (90.9) 33.9 (24.8) 52.1
Income before income taxes 224.7 656.1 770.8 1,241.5
Income tax expense (31.6) (104.7) (116.6) (212.1)
Net income $ 193.1 $ 551.4 $ 654.2 $ 1,029.4
Net income per share - basic (in dollars per share) $ 1.77 $ 5.12 $ 6.00 $ 9.56
Net income per share - diluted (in dollars per share) $ 1.68 $ 4.82 $ 5.69 $ 8.97
Weighted average shares outstanding - basic (in shares) 109.2 107.8 109.1 107.7
Weighted average shares - diluted (in shares) 114.6 114.5 115.0 114.7
Statements of Comprehensive Income        
Net income $ 193.1 $ 551.4 $ 654.2 $ 1,029.4
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on debt securities 14.4 3.4 30.5 (7.7)
Unrealized (loss) gain on cash flow hedges (1.4)   (2.4)  
Unrealized (loss) gain on cash flow hedges   0.6   2.0
Comprehensive income 206.1 555.4 682.3 1,023.7
Product        
Revenues:        
Revenues 1,205.3 996.4 2,309.7 1,984.3
Expenses:        
Cost of goods sold 67.0 36.0 137.9 105.2
Collaboration and contract manufacturing        
Expenses:        
Cost of goods sold 85.5 55.7 193.8 101.4
Sanofi | Product and service, other        
Revenues:        
Revenues 349.1 237.8 595.5 427.2
Bayer | Product and service, other        
Revenues:        
Revenues 289.0 262.9 565.2 510.8
Other | Product and service, other        
Revenues:        
Revenues $ 90.3 $ 110.9 $ 175.1 $ 197.2