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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Product revenues, net $ 2,374.8 $ 2,097.5
Costs and expenses:    
Cost of sales 266.9 245.8
Research and development expenses 742.6 601.1
Acquired in-process research and development expenses 347.1 2.0
Selling, general and administrative expenses 241.1 215.2
Change in fair value of contingent consideration (1.9) (7.5)
Total costs and expenses 1,595.8 1,056.6
Income from operations 779.0 1,040.9
Interest income 122.6 1.6
Interest expense (11.4) (14.9)
Other income (expense), net 1.3 (72.8)
Income before provision for income taxes 891.5 954.8
Provision for income taxes 191.7 192.7
Net income $ 699.8 $ 762.1
Net income per common share:    
Basic (in dollars per share) $ 2.72 $ 2.99
Diluted (in dollars per share) $ 2.69 $ 2.96
Shares used in per share calculations:    
Basic (in shares) 257.4 255.1
Diluted (in shares) 260.3 257.9