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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenues $ 3,452.8 $ 2,294.0 $ 11,120.0 $ 6,074.2
Expenses:        
Research and development 665.4 684.6 2,122.5 1,990.5
Selling, general, and administrative 445.0 326.9 1,265.3 1,042.5
Other operating expense (income), net 42.0 (44.6) (29.8) (135.2)
Costs and expenses, total 1,605.6 1,240.9 4,812.9 3,664.6
Income from operations 1,847.2 1,053.1 6,307.1 2,409.6
Other income (expense):        
Other (expense) income, net (16.4) (28.5) 558.5 218.3
Interest expense (14.2) (26.3) (43.2) (42.1)
Total other income (expense) (30.6) (54.8) 515.3 176.2
Income before income taxes 1,816.6 998.3 6,822.4 2,585.8
Income tax expense 184.4 156.2 976.1 221.8
Net income $ 1,632.2 $ 842.1 $ 5,846.3 $ 2,364.0
Net income per share - basic (in dollars per share) $ 15.37 $ 7.98 $ 55.42 $ 21.83
Net income per share - diluted (in dollars per share) $ 14.33 $ 7.39 $ 52.29 $ 20.36
Weighted average shares outstanding - basic (in shares) 106.2 105.5 105.5 108.3
Weighted average shares outstanding - diluted (in shares) 113.9 113.9 111.8 116.1
Statements of Comprehensive Income        
Net income $ 1,632.2 $ 842.1 $ 5,846.3 $ 2,364.0
Other comprehensive income (loss), net of tax:        
Unrealized (loss) gain on debt securities (6.4) (4.9) (20.5) 10.9
Unrealized gain (loss) on cash flow hedges 0.2 0.2 0.7 (1.2)
Comprehensive income 1,626.0 837.4 5,826.5 2,373.7
Net product sales        
Revenues:        
Revenues 2,279.9 1,482.2 8,142.0 3,945.8
Expenses:        
Cost of goods, collaboration and contract manufacturing 238.8 131.0 961.4 312.3
Collaboration revenue        
Revenues:        
Revenues 1,073.9 653.2 2,783.0 1,694.8
Other revenue        
Revenues:        
Revenues 99.0 158.6 195.0 433.6
Cost of collaboration and contract manufacturing        
Expenses:        
Cost of goods, collaboration and contract manufacturing $ 214.4 $ 143.0 $ 493.5 $ 454.5