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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 378.2 $ 288.9 $ 688.8 $ 525.5
Operating expenses:        
Cost of revenues 4.8 3.1 9.4 6.0
Research and development 135.9 74.8 238.1 148.0
Acquired in-process research and development 0.0 5.0 0.0 5.0
Selling, general and administrative 182.8 143.2 383.5 272.2
Total operating expenses 323.5 226.1 631.0 431.2
Operating income 54.7 62.8 57.8 94.3
Other (expense) income:        
Interest expense (2.2) (6.2) (4.8) (12.6)
Unrealized (loss) gain on equity securities (7.4) 0.0 12.5 0.7
Loss on extinguishment of convertible senior notes (70.0) 0.0 (70.0) 0.0
Investment income and other, net 1.6 0.9 2.6 2.3
Total other expense, net (78.0) (5.3) (59.7) (9.6)
(Loss) income before (benefit from) provision for income taxes (23.3) 57.5 (1.9) 84.7
(Benefit from) provision for income taxes (6.4) 15.2 1.1 10.3
Net (loss) income (16.9) 42.3 (3.0) 74.4
Unrealized loss on debt securities available-for-sale, net of tax (2.9) (0.3) (10.5) (1.1)
Comprehensive (loss) income $ (19.8) $ 42.0 $ (13.5) $ 73.3
(Loss) earnings per share:        
Basic (in USD per share) $ (0.18) $ 0.45 $ (0.03) $ 0.79
Diluted (in USD per share) $ (0.18) $ 0.43 $ (0.03) $ 0.76
Weighted-average shares outstanding:        
Basic (in shares) 95.6 94.6 95.4 94.4
Diluted (in shares) 95.6 97.7 95.4 98.0
Net product sales        
Revenues:        
Revenues $ 352.0 $ 266.8 $ 657.0 $ 497.8
Collaboration revenues        
Revenues:        
Revenues $ 26.2 $ 22.1 $ 31.8 $ 27.7