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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total revenues $ 4,991.1 $ 4,131.2 $ 3,551.1
Cost of sales:      
Cost of sales 394.5 374.3 454.2
Operating expenses:      
Research and development 886.0 730.4 878.4
Selling, general and administrative 1,261.1 1,111.8 1,094.4
Acquired in-process research and development (4.1) 1,183.0 0.0
Amortization of purchased intangible assets 309.6 320.1 320.1
Change in fair value of contingent consideration 11.6 116.5 41.0
Restructuring expenses 12.0 25.5 104.6
Impairment of intangible assets 0.0 0.0 31.0
Total operating expenses 2,476.2 3,487.3 2,469.5
Operating income 2,120.4 269.6 627.4
Other income and expense:      
Investment income 100.3 65.3 18.5
Interest expense (77.8) (98.2) (98.4)
Other income and (expense) 35.9 5.5 0.3
Income before income taxes 2,178.8 242.2 547.8
Income tax (benefit) expense (225.5) 164.6 104.5
Net income $ 2,404.3 $ 77.6 $ 443.3
Earnings per common share      
Basic (in dollars per share) $ 10.77 $ 0.35 $ 1.98
Diluted (in dollars per share) $ 10.70 $ 0.35 $ 1.97
Shares used in computing earnings per common share      
Basic (in shares) 223.2 222.7 223.9
Diluted (in shares) 224.8 224.5 225.4
Net product sales      
Total revenues $ 4,990.0 $ 4,130.1 $ 3,549.5
Other revenue      
Total revenues $ 1.1 $ 1.1 $ 1.6