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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenues $ 3,362.7 $ 2,936.2 $ 9,682.9 $ 8,758.5
Expenses:        
Research and development 1,075.3 911.3 3,261.8 2,549.4
Acquired in-process research and development 100.0 0.0 156.1 225.1
Selling, general, and administrative 640.5 529.1 1,893.6 1,455.4
Other operating (income) expense, net (0.5) (45.7) (1.6) (83.3)
Total Expenses 2,251.7 1,712.5 6,608.7 5,166.4
Income from operations 1,111.0 1,223.7 3,074.2 3,592.1
Other income (expense):        
Other income (expense), net 17.6 301.4 32.2 (16.0)
Interest expense (17.8) (15.3) (54.7) (42.0)
Total other income (expense) (0.2) 286.1 (22.5) (58.0)
Income before income taxes 1,110.8 1,509.8 3,051.7 3,534.1
Income tax expense 103.0 194.1 257.7 392.8
Net income $ 1,007.8 $ 1,315.7 $ 2,794.0 $ 3,141.3
Net income per share - basic (in dollars per share) $ 9.48 $ 12.31 $ 26.16 $ 29.30
Net income per share - diluted (in dollars per share) $ 8.89 $ 11.66 $ 24.57 $ 27.73
Weighted average shares outstanding - basic (in shares) 106.3 106.9 106.8 107.2
Weighted average shares outstanding - diluted (in shares) 113.4 112.8 113.7 113.3
Statements of Comprehensive Income        
Net income $ 1,007.8 $ 1,315.7 $ 2,794.0 $ 3,141.3
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on debt securities 21.3 (51.3) 62.8 (249.9)
Loss on foreign currency translation (0.4) 0.0 (0.8) 0.0
Unrealized gain on cash flow hedges 0.0 0.0 0.0 1.0
Comprehensive income 1,028.7 1,264.4 2,856.0 2,892.4
Net product sales        
Revenues:        
Revenues 1,786.1 1,801.4 5,226.2 5,194.4
Expenses:        
Cost of goods, collaboration and contract manufacturing 224.5 141.3 625.3 497.8
Collaboration revenue        
Revenues:        
Revenues 1,438.3 1,050.6 4,133.1 3,326.7
Other revenue        
Revenues:        
Revenues 138.3 84.2 323.6 237.4
Cost of collaboration and contract manufacturing        
Expenses:        
Cost of goods, collaboration and contract manufacturing $ 211.9 $ 176.5 $ 673.5 $ 522.0