XML 75 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Net product sales $ 1,564.1 $ 1,336.6 $ 2,993.4 $ 2,582.1
Collaborative agreements and other revenue 3.1 3.3 10.2 5.9
Royalty revenue 31.8 26.9 60.0 52.1
Total revenue 1,599.0 1,366.8 3,063.6 2,640.1
Expenses:        
Cost of goods sold (excluding amortization of acquired intangible assets) 80.9 71.9 161.4 144.4
Research and development 458.1 447.2 910.5 809.2
Selling, general and administrative 418.1 323.0 787.1 648.8
Amortization of acquired intangible assets 65.7 44.1 131.4 85.9
Acquisition related (gains) charges and restructuring, net 12.5 39.3 45.7 28.2
Total costs and expenses 1,035.3 925.5 2,036.1 1,716.5
Operating income 563.7 441.3 1,027.5 923.6
Other income and (expense):        
Interest and investment income, net 4.5 3.1 9.3 6.8
Interest (expense) (19.6) (11.4) (37.5) (22.8)
Other income (expense), net 9.2 7.7 6.9 7.1
Income before income taxes 557.8 440.7 1,006.2 914.7
Income tax provision 79.7 73.3 143.2 145.8
Net income $ 478.1 $ 367.4 $ 863.0 $ 768.9
Net income per common share:        
Basic (in dollars per share) $ 1.15 $ 0.84 $ 2.07 $ 1.76
Diluted (in dollars per share) $ 1.11 $ 0.82 $ 2.00 $ 1.72
Weighted average shares:        
Basic (in shares) 414.1 436.7 416.0 437.5
Diluted (in shares) 429.3 445.4 431.0 447.1