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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 2,048.4 $ 1,663.5 $ 5,693.9 $ 4,783.0
Expenses:        
Research and development 663.4 557.0 2,353.5 1,584.8
Selling, general, and administrative 419.9 369.2 1,248.0 1,064.9
Total expenses 1,309.9 1,036.6 4,159.8 2,966.7
Income from operations 738.5 626.9 1,534.1 1,816.3
Other income (expense):        
Other income (expense), net 37.8 16.4 28.7 81.8
Interest expense (7.8) (7.4) (23.5) (20.8)
Total other income (expense) 30.0 9.0 5.2 61.0
Income before income taxes 768.5 635.9 1,539.3 1,877.3
Income tax expense (98.9) (41.2) (215.5) (253.3)
Net income $ 669.6 $ 594.7 $ 1,323.8 $ 1,624.0
Net income per share - basic (in dollars per share) $ 6.12 $ 5.50 $ 12.12 $ 15.06
Net income per share - diluted (in dollars per share) $ 5.86 $ 5.17 $ 11.54 $ 14.14
Weighted average shares outstanding - basic (in shares) 109.4 108.0 109.2 107.8
Weighted average shares - diluted (in shares) 114.2 115.1 114.7 114.8
Statements of Comprehensive Income        
Net income $ 669.6 $ 594.7 $ 1,323.8 $ 1,624.0
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on debt securities 1.0 0.7 31.5 (6.9)
Unrealized (loss) gain on cash flow hedges (0.3)   (2.7)  
Unrealized (loss) gain on cash flow hedges   0.3   2.4
Comprehensive income 670.3 595.7 1,352.6 1,619.5
Product        
Revenues:        
Revenues 1,238.3 1,025.5 3,548.0 3,009.8
Expenses:        
Cost of goods sold 115.9 30.8 253.8 136.1
Collaboration and contract manufacturing        
Expenses:        
Cost of goods sold 110.7 79.6 304.5 180.9
Sanofi | Product and service, other        
Revenues:        
Revenues 404.2 256.3 999.7 683.5
Bayer | Product and service, other        
Revenues:        
Revenues 302.8 264.4 868.0 775.2
Other | Product and service, other        
Revenues:        
Revenues $ 103.1 $ 117.3 $ 278.2 $ 314.5