XML 23 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 2,528.7 $ 1,828.2
Expenses:    
Research and development 742.9 583.9
Selling, general, and administrative 405.6 367.3
Other operating (income) expense, net (40.5) (40.4)
Costs and expenses, total 1,416.0 1,128.1
Income from operations 1,112.7 700.1
Other income (expense):    
Other income (expense), net 154.9 (25.4)
Interest expense (14.6) (6.1)
Total other income (expense) 140.3 (31.5)
Income before income taxes 1,253.0 668.6
Income tax expense 137.8 44.0
Net income $ 1,115.2 $ 624.6
Net income per share - basic (in dollars per share) $ 10.58 $ 5.69
Net income per share - diluted (in dollars per share) $ 10.09 $ 5.43
Weighted average shares outstanding - basic (in shares) 105.4 109.8
Weighted average shares outstanding - diluted (in shares) 110.5 115.1
Statements of Comprehensive Income    
Net income $ 1,115.2 $ 624.6
Other comprehensive income (loss), net of tax:    
Unrealized loss on debt securities (13.3) (28.8)
Unrealized gain (loss) on cash flow hedges 0.2 (1.4)
Comprehensive income 1,102.1 594.4
Product    
Revenues:    
Revenues 1,724.3 1,236.7
Expenses:    
Cost of goods sold 183.2 78.8
Collaboration revenue    
Revenues:    
Revenues 754.4 528.3
Product and service, other    
Revenues:    
Revenues 50.0 63.2
Cost of collaboration and contract manufacturing    
Expenses:    
Cost of goods sold $ 124.8 $ 138.5