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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 1,952.0 $ 1,577.8 $ 3,780.2 $ 2,950.4
Expenses:        
Research and development 722.0 885.5 1,305.9 1,371.6
Selling, general, and administrative 348.3 294.6 715.6 585.7
Other operating (income) expense, net (50.2) (63.7) (90.6) (120.4)
Total expenses 1,295.6 1,262.2 2,423.7 2,154.8
Income from operations 656.4 315.6 1,356.5 795.6
Other income (expense):        
Other income (expense), net 272.2 (82.9) 246.8 (9.1)
Interest expense (9.7) (8.0) (15.8) (15.7)
Total other income (expense) 262.5 (90.9) 231.0 (24.8)
Income before income taxes 918.9 224.7 1,587.5 770.8
Income tax expense 21.6 31.6 65.6 116.6
Net income $ 897.3 $ 193.1 $ 1,521.9 $ 654.2
Net income per share - basic (in dollars per share) $ 8.19 $ 1.77 $ 13.87 $ 6.00
Net income per share - diluted (in dollars per share) $ 7.61 $ 1.68 $ 13.03 $ 5.69
Weighted average shares outstanding - basic (in shares) 109.6 109.2 109.7 109.1
Weighted average shares outstanding - diluted (in shares) 117.9 114.6 116.8 115.0
Statements of Comprehensive Income        
Net income $ 897.3 $ 193.1 $ 1,521.9 $ 654.2
Other comprehensive income (loss), net of tax:        
Unrealized gain on debt securities 44.6 14.4 15.8 30.5
Unrealized loss on cash flow hedges 0.0 (1.4) (1.4) (2.4)
Comprehensive income 941.9 206.1 1,536.3 682.3
Product        
Revenues:        
Revenues 1,226.9 1,205.3 2,463.6 2,309.7
Expenses:        
Cost of goods sold 102.5 67.0 181.3 137.9
Collaboration and contract manufacturing        
Expenses:        
Cost of goods sold 173.0 78.8 311.5 180.0
Sanofi | Product and service, other        
Revenues:        
Revenues 269.1 75.8 516.0 57.8
Bayer | Product and service, other        
Revenues:        
Revenues 244.2 277.2 525.6 541.2
Other | Product and service, other        
Revenues:        
Revenues $ 211.8 $ 19.5 $ 275.0 $ 41.7