XML 27 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 1,532.2 $ 1,369.4 $ 2,944.9 $ 2,699.3
Cost of sales 344.4 275.5 646.0 562.4
Gross profit 1,187.8 1,093.9 2,298.9 2,136.9
Selling, general, and administrative expenses 502.0 447.5 967.7 875.9
Research and development expenses 276.2 271.8 530.8 528.5
Certain litigation expenses 15.5 8.1 26.4 17.0
Separation costs (Note 3) 4.2 0.0 8.4 0.0
Other operating income (21.3) 0.0 (40.4) 0.0
Operating income, net 411.2 366.5 806.0 715.5
Interest income, net (37.4) (15.5) (73.9) (32.0)
Loss on impairment 47.1 0.0 47.1 0.0
Other non-operating expense (income), net 1.3 (2.0) (1.3) (7.7)
Income from continuing operations before provision for income taxes 400.2 384.0 834.1 755.2
Provision for income taxes 64.3 20.0 134.6 66.3
Net income from continuing operations 335.9 364.0 699.5 688.9
(Loss) income from discontinued operations, net of tax (4.4) 1.0 (11.6) 27.1
Net income 331.5 365.0 687.9 716.0
Net loss attributable to noncontrolling interest (1.7) (1.3) (3.3) (2.2)
Net income attributable to Edwards Lifesciences Corporation $ 333.2 $ 366.3 $ 691.2 $ 718.2
Basic:        
Continuing operations (in dollars per share) $ 0.58 $ 0.61 $ 1.20 $ 1.15
Discontinued operations (in dollars per share) (0.01) 0 (0.02) 0.04
Basic earnings per share (in dollars per share) 0.57 0.61 1.18 1.19
Diluted:        
Continuing operations (in dollars per share) 0.57 0.61 1.20 1.15
Discontinued operations (in dollars per share) (0.01) 0 (0.02) 0.04
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.61 $ 1.18 $ 1.19
Weighted-average number of common shares outstanding:        
Basic (in shares) 587.0 602.1 586.9 601.8
Diluted (in shares) 587.9 604.3 587.9 604.2