XML 24 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 1,828.2 $ 1,372.6
Expenses:    
Research and development 583.9 486.1
Selling, general, and administrative 367.3 291.1
Other operating (income) expense, net (40.4) (56.7)
Total expenses 1,128.1 892.6
Income from operations 700.1 480.0
Other income (expense):    
Other (expense) income, net (25.4) 73.8
Interest expense (6.1) (7.7)
Total other income (expense) (31.5) 66.1
Income before income taxes 668.6 546.1
Income tax expense 44.0 85.0
Net income $ 624.6 $ 461.1
Net income per share - basic (in dollars per share) $ 5.69 $ 4.23
Net income per share - diluted (in dollars per share) $ 5.43 $ 3.99
Weighted average shares outstanding - basic (in shares) 109.8 108.9
Weighted average shares - diluted (in shares) 115.1 115.5
Statements of Comprehensive Income    
Net income $ 624.6 $ 461.1
Other comprehensive income (loss), net of tax:    
Unrealized (loss) gain on debt securities (28.8) 16.1
Unrealized loss on cash flow hedges (1.4) (1.0)
Comprehensive income 594.4 476.2
Product    
Revenues:    
Revenues 1,236.7 1,104.4
Expenses:    
Cost of goods sold 78.8 70.9
Collaboration and contract manufacturing    
Expenses:    
Cost of goods sold 138.5 101.2
Sanofi | Product and service, other    
Revenues:    
Revenues 246.9 (18.0)
Bayer | Product and service, other    
Revenues:    
Revenues 281.4 264.0
Other | Product and service, other    
Revenues:    
Revenues $ 63.2 $ 22.2