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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Revenue $ 9,869.2 $ 8,930.7 $ 7,574.4
Costs and expenses:      
Cost of sales 1,262.2 1,080.3 904.2
Research and development expenses 3,162.9 2,540.3 1,937.8
Acquired in-process research and development expenses 527.1 115.5 1,113.3
Selling, general and administrative expenses 1,136.6 944.7 840.1
Change in fair value of contingent consideration (51.6) (57.5) (3.1)
Total costs and expenses 6,037.2 4,623.3 4,792.3
Income from operations 3,832.0 4,307.4 2,782.1
Interest income 614.7 144.6 4.9
Interest expense (44.1) (54.8) (61.5)
Other (expense) income, net (22.8) (164.8) 4.9
Income before provision for income taxes 4,379.8 4,232.4 2,730.4
Provision for income taxes 760.2 910.4 388.3
Net income $ 3,619.6 $ 3,322.0 $ 2,342.1
Net income per common share:      
Basic (in dollars per share) $ 14.05 $ 12.97 $ 9.09
Diluted (in dollars per share) $ 13.89 $ 12.82 $ 9.01
Shares used in per share calculations:      
Basic (in shares) 257.7 256.1 257.7
Diluted (in shares) 260.5 259.1 259.9
Product revenues, net      
Revenues:      
Revenue $ 9,869.2 $ 8,930.7 $ 7,573.4
Other revenues      
Revenues:      
Revenue $ 0.0 $ 0.0 $ 1.0