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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ 1,588.7 $ 1,263.1 $ 4,478.1 $ 3,606.8
Costs and expenses:        
Cost of sales (exclusive of amortization of purchased intangible assets) 144.7 95.2 401.3 280.2
Research and development 285.9 232.9 707.9 616.4
Selling, general and administrative 334.2 299.3 955.5 880.1
Acquired in-process research and development 0.0 0.0 0.0 (4.1)
Amortization of purchased intangible assets 53.1 75.6 200.5 235.7
Change in fair value of contingent consideration 23.4 29.8 45.0 7.2
Acquisition-related costs 63.0 0.0 105.7 0.0
Restructuring expenses 14.3 0.3 13.5 11.9
Impairment of intangible assets 0.0 0.0 2,053.3 0.0
Gain on sale of asset (14.8) 0.0 (14.8) 0.0
Total costs and expenses 903.8 733.1 4,467.9 2,027.4
Operating income 684.9 530.0 10.2 1,579.4
Other income and expense:        
Investment income, net 11.5 23.0 47.8 50.6
Interest expense (27.6) (17.9) (77.0) (56.1)
Other income and (expense) (1.9) 0.4 (2.6) 2.9
Income (loss) before income taxes 666.9 535.5 (21.6) 1,576.8
Income tax expense (benefit) 88.8 67.9 (89.2) 61.5
Net income $ 578.1 $ 467.6 $ 67.6 $ 1,515.3
Earnings per common share        
Basic (in dollars per share) $ 2.64 $ 2.09 $ 0.31 $ 6.77
Diluted (in dollars per share) $ 2.62 $ 2.08 $ 0.30 $ 6.72
Shares used in computing earnings per common share        
Basic 219.1 223.3 220.4 223.8
Diluted 220.6 224.5 221.9 225.4
Net product sales        
Total revenues $ 1,588.3 $ 1,263.1 $ 4,477.4 $ 3,605.8
Other revenue        
Total revenues $ 0.4 $ 0.0 $ 0.7 $ 1.0