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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenues $ 1,444.6 $ 1,203.3 $ 2,889.4 $ 2,343.7
Costs and expenses:        
Cost of sales (exclusive of amortization of purchased intangible assets) 144.9 99.2 256.6 185.0
Research and development 221.1 187.6 422.0 383.5
Selling, general and administrative 301.4 299.3 621.3 580.8
Acquired in-process research and development 0.0 (4.1) 0.0 (4.1)
Amortization of purchased intangible assets 73.7 80.1 147.4 160.1
Change in fair value of contingent consideration 15.8 6.1 21.6 (22.6)
Acquisition-related costs 4.6 0.0 42.7 0.0
Restructuring expenses 0.0 2.5 (0.8) 11.6
Impairment of intangible assets 2,053.3 0.0 2,053.3 0.0
Total costs and expenses 2,814.8 670.7 3,564.1 1,294.3
Operating (loss) income (1,370.2) 532.6 (674.7) 1,049.4
Other income and expense:        
Investment income (expense) 41.5 (14.9) 36.3 27.6
Interest expense (23.6) (18.3) (49.4) (38.2)
Other income and (expense) 0.2 0.1 (0.7) 2.5
(Loss) income before income taxes (1,352.1) 499.5 (688.5) 1,041.3
Income tax (benefit) expense (284.0) 39.7 (178.0) (6.4)
Net (loss) income $ (1,068.1) $ 459.8 $ (510.5) $ 1,047.7
Earnings (loss) per common share        
Basic $ (4.84) $ 2.05 $ (2.31) $ 4.68
Diluted $ (4.84) $ 2.04 $ (2.31) $ 4.64
Shares used in computing earnings (loss) per common share        
Basic 220.6 224.2 221.1 224.0
Diluted 220.6 225.6 221.1 225.7
Net Product Sales        
Total revenues $ 1,444.5 $ 1,202.5 $ 2,889.1 $ 2,342.7
Other Revenue        
Total revenues $ 0.1 $ 0.8 $ 0.3 $ 1.0