XML 27 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 1,553.1 $ 1,354.4 $ 4,498.0 $ 4,053.7
Cost of sales 345.2 262.9 991.2 825.3
Gross profit 1,207.9 1,091.5 3,506.8 3,228.4
Selling, general, and administrative expenses 514.6 421.4 1,482.3 1,297.3
Research and development expenses 280.7 253.4 811.5 781.9
Certain litigation expenses 90.4 10.8 116.8 27.8
Change in fair value of contingent consideration liabilities (12.5) 0.0 (12.5) 0.0
Restructuring charges and separation costs (Note 3) 0.1 32.9 8.5 32.9
Intangible assets impairment charges 40.0 0.0 40.0 0.0
Other operating (income) expense, net (12.5) 22.4 (52.9) 22.4
Operating income, net 307.1 350.6 1,113.1 1,066.1
Interest income, net (38.6) (24.3) (112.5) (56.3)
Loss on impairment (Note 6) 0.0 0.0 47.1 0.0
Other non-operating income, net (2.7) (27.9) (4.0) (35.6)
Income from continuing operations before provision for income taxes 348.4 402.8 1,182.5 1,158.0
Provision for income taxes 56.1 40.7 190.7 107.0
Net income from continuing operations 292.3 362.1 991.8 1,051.0
(Loss) income from discontinued operations, net of tax (2.0) 2,707.3 (13.6) 2,734.4
Net income 290.3 3,069.4 978.2 3,785.4
Net loss attributable to noncontrolling interest (0.8) (1.4) (4.1) (3.6)
Net income attributable to Edwards Lifesciences Corporation $ 291.1 $ 3,070.8 $ 982.3 $ 3,789.0
Basic:        
Continuing operations (in dollars per share) $ 0.50 $ 0.61 $ 1.70 $ 1.76
Discontinued operations (in dollars per share) 0 4.53 (0.02) 4.55
Basic earnings per share (in dollars per share) 0.50 5.14 1.68 6.31
Diluted:        
Continuing operations (in dollars per share) 0.50 0.61 1.70 1.75
Discontinued operations (in dollars per share) 0 4.52 (0.03) 4.54
Diluted earnings per share (in dollars per share) $ 0.50 $ 5.13 $ 1.67 $ 6.29
Weighted-average number of common shares outstanding:        
Basic (in shares) 584.7 597.2 586.2 600.3
Diluted (in shares) 585.7 598.1 587.2 602.2