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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 2,936.2 $ 3,452.8 $ 8,758.5 $ 11,120.0
Expenses:        
Research and development 911.3 665.4 2,549.4 2,122.5
Acquired in-process research and development 0.0 0.0 225.1 0.0
Selling, general, and administrative 529.1 445.0 1,455.4 1,265.3
Other operating (income) expense, net (45.7) 42.0 (83.3) (29.8)
Costs and expenses, total 1,712.5 1,605.6 5,166.4 4,812.9
Income from operations 1,223.7 1,847.2 3,592.1 6,307.1
Other income (expense):        
Other income (expense), net 301.4 (16.4) (16.0) 558.5
Interest expense (15.3) (14.2) (42.0) (43.2)
Total other income (expense) 286.1 (30.6) (58.0) 515.3
Income before income taxes 1,509.8 1,816.6 3,534.1 6,822.4
Income tax expense 194.1 184.4 392.8 976.1
Net income $ 1,315.7 $ 1,632.2 $ 3,141.3 $ 5,846.3
Net income per share - basic (in dollars per share) $ 12.31 $ 15.37 $ 29.30 $ 55.42
Net income per share - diluted (in dollars per share) $ 11.66 $ 14.33 $ 27.73 $ 52.29
Weighted average shares outstanding - basic (in shares) 106.9 106.2 107.2 105.5
Weighted average shares outstanding - diluted (in shares) 112.8 113.9 113.3 111.8
Statements of Comprehensive Income        
Net income $ 1,315.7 $ 1,632.2 $ 3,141.3 $ 5,846.3
Other comprehensive income (loss), net of tax:        
Unrealized loss on debt securities (51.3) (6.4) (249.9) (20.5)
Unrealized gain on cash flow hedges 0.0 0.2 1.0 0.7
Comprehensive income 1,264.4 1,626.0 2,892.4 5,826.5
Net product sales        
Revenues:        
Revenues 1,801.4 2,279.9 5,194.4 8,142.0
Expenses:        
Cost of goods, collaboration and contract manufacturing 141.3 238.8 497.8 961.4
Collaboration revenue        
Revenues:        
Revenues 1,050.6 1,073.9 3,326.7 2,783.0
Other revenue        
Revenues:        
Revenues 84.2 99.0 237.4 195.0
Cost of collaboration and contract manufacturing        
Expenses:        
Cost of goods, collaboration and contract manufacturing $ 176.5 $ 214.4 $ 522.0 $ 493.5