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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenue from contract with customer $ 16,071.7 $ 8,497.1 $ 6,557.6
Expenses:      
Research and development 2,908.1 2,735.0 2,450.0
Selling, general, and administrative 1,824.9 1,346.0 1,341.9
Other operating (income) expense, net (45.6) (280.4) (209.2)
Total expenses 7,124.9 4,920.5 4,347.8
Income from operations 8,946.8 3,576.6 2,209.8
Other income (expense):      
Other income (expense), net 436.3 290.7 249.5
Interest expense (57.3) (56.9) (30.2)
Total other income (expense) 379.0 233.8 219.3
Income before income taxes 9,325.8 3,810.4 2,429.1
Income tax expense 1,250.5 297.2 313.3
Net income $ 8,075.3 $ 3,513.2 $ 2,115.8
Net income per share - basic (in dollars per share) $ 76.40 $ 32.65 $ 19.38
Net income per share - diluted (in dollars per share) $ 71.97 $ 30.52 $ 18.46
Weighted average shares outstanding - basic (in shares) 105.7 107.6 109.2
Weighted average shares outstanding - diluted (in shares) 112.2 115.1 114.6
Statements of Comprehensive Income      
Net income $ 8,075.3 $ 3,513.2 $ 2,115.8
Other comprehensive income (loss), net of tax:      
Unrealized (loss) gain on debt securities (56.4) 9.1 35.9
Unrealized gain (loss) on cash flow hedges 0.9 (0.9) (2.5)
Comprehensive income 8,019.8 3,521.4 2,149.2
Net product sales      
Revenues:      
Revenue from contract with customer 12,117.2 5,567.6 4,834.4
Expenses:      
Cost of goods sold and of collaboration and contract manufacturing 1,773.1 491.9 362.3
Other revenue      
Revenues:      
Revenue from contract with customer 281.2 557.0 174.0
Cost of collaboration and contract manufacturing      
Expenses:      
Cost of goods sold and of collaboration and contract manufacturing 664.4 628.0 402.8
Sanofi | Collaboration revenue      
Revenues:      
Revenue from contract with customer 1,902.2 1,186.4 403.6
Other collaboration | Collaboration revenue      
Revenues:      
Revenue from contract with customer $ 1,771.1 $ 1,186.1 $ 1,145.6