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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 5,138.5 $ 1,952.0 $ 7,667.2 $ 3,780.2
Expenses:        
Research and development 714.2 722.0 1,457.1 1,305.9
Selling, general, and administrative 414.7 348.3 820.3 715.6
Other operating (income) expense, net (31.3) (50.2) (71.8) (90.6)
Costs and expenses, total 1,791.3 1,295.6 3,207.3 2,423.7
Income from operations 3,347.2 656.4 4,459.9 1,356.5
Other income (expense):        
Other income (expense), net 420.0 272.2 574.9 246.8
Interest expense (14.4) (9.7) (29.0) (15.8)
Total other income (expense) 405.6 262.5 545.9 231.0
Income before income taxes 3,752.8 918.9 5,005.8 1,587.5
Income tax expense 653.9 21.6 791.7 65.6
Net income $ 3,098.9 $ 897.3 $ 4,214.1 $ 1,521.9
Net income per share - basic (in dollars per share) $ 29.51 $ 8.19 $ 40.06 $ 13.87
Net income per share - diluted (in dollars per share) $ 27.97 $ 7.61 $ 38.07 $ 13.03
Weighted average shares outstanding - basic (in shares) 105.0 109.6 105.2 109.7
Weighted average shares outstanding - diluted (in shares) 110.8 117.9 110.7 116.8
Statements of Comprehensive Income        
Net income $ 3,098.9 $ 897.3 $ 4,214.1 $ 1,521.9
Other comprehensive income (loss), net of tax:        
Unrealized (loss) gain on debt securities (0.8) 44.6 (14.1) 15.8
Unrealized gain (loss) on cash flow hedges 0.3 0.0 0.5 (1.4)
Comprehensive income 3,098.4 941.9 4,200.5 1,536.3
Net product sales        
Revenues:        
Revenues 4,137.8 1,226.9 5,862.1 2,463.6
Expenses:        
Cost of goods, collaboration and contract manufacturing 539.4 102.5 722.6 181.3
Collaboration revenue        
Revenues:        
Revenues 954.7 513.3 1,709.1 1,041.6
Other revenue        
Revenues:        
Revenues 46.0 211.8 96.0 275.0
Cost of collaboration and contract manufacturing        
Expenses:        
Cost of goods, collaboration and contract manufacturing $ 154.3 $ 173.0 $ 279.1 $ 311.5