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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 2,857.2 $ 5,138.5 $ 5,822.3 $ 7,667.2
Expenses:        
Research and development 794.3 714.2 1,638.1 1,457.1
Acquired in-process research and development 197.0 0.0 225.1 0.0
Selling, general, and administrative 476.3 414.7 926.3 820.3
Other operating (income) expense, net (17.4) (31.3) (37.6) (71.8)
Costs and expenses, total 1,747.3 1,791.3 3,453.9 3,207.3
Income from operations 1,109.9 3,347.2 2,368.4 4,459.9
Other income (expense):        
Other (expense) income, net (133.6) 420.0 (317.4) 574.9
Interest expense (13.1) (14.4) (26.7) (29.0)
Total other income (expense) (146.7) 405.6 (344.1) 545.9
Income before income taxes 963.2 3,752.8 2,024.3 5,005.8
Income tax expense 111.1 653.9 198.7 791.7
Net income $ 852.1 $ 3,098.9 $ 1,825.6 $ 4,214.1
Net income per share - basic (in dollars per share) $ 7.90 $ 29.51 $ 17.01 $ 40.06
Net income per share - diluted (in dollars per share) $ 7.47 $ 27.97 $ 16.07 $ 38.07
Weighted average shares outstanding - basic (in shares) 107.9 105.0 107.3 105.2
Weighted average shares outstanding - diluted (in shares) 114.0 110.8 113.6 110.7
Statements of Comprehensive Income        
Net income $ 852.1 $ 3,098.9 $ 1,825.6 $ 4,214.1
Other comprehensive income (loss), net of tax:        
Unrealized loss on debt securities (53.7) (0.8) (198.6) (14.1)
Unrealized gain on cash flow hedges 0.0 0.3 1.0 0.5
Comprehensive income 798.4 3,098.4 1,628.0 4,200.5
Net product sales        
Revenues:        
Revenues 1,754.4 4,137.8 3,393.0 5,862.1
Expenses:        
Cost of goods, collaboration and contract manufacturing 149.2 539.4 356.5 722.6
Collaboration revenue        
Revenues:        
Revenues 1,043.6 954.7 2,276.1 1,709.1
Other revenue        
Revenues:        
Revenues 59.2 46.0 153.2 96.0
Cost of collaboration and contract manufacturing        
Expenses:        
Cost of goods, collaboration and contract manufacturing $ 147.9 $ 154.3 $ 345.5 $ 279.1