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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Product revenues, net $ 2,097.5 $ 1,724.3
Costs and expenses:    
Cost of sales 245.8 192.3
Research and development expenses 603.1 456.0
Selling, general and administrative expenses 215.2 192.1
Change in fair value of contingent consideration (7.5) (3.9)
Total costs and expenses 1,056.6 836.5
Income from operations 1,040.9 887.8
Interest income 1.6 1.5
Interest expense (14.9) (15.7)
Other expense, net (72.8) (52.7)
Income before provision for income taxes 954.8 820.9
Provision for income taxes 192.7 167.8
Net income $ 762.1 $ 653.1
Net income per common share:    
Basic (in dollars per share) $ 2.99 $ 2.52
Diluted (in dollars per share) $ 2.96 $ 2.49
Shares used in per share calculations:    
Basic (in shares) 255.1 259.4
Diluted (in shares) 257.9 261.9
Product revenues, net    
Revenues:    
Product revenues, net $ 2,097.5 $ 1,723.3
Other revenues    
Revenues:    
Product revenues, net $ 0.0 $ 1.0