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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 2,334.3 $ 1,984.1 $ 6,628.0 $ 5,501.8
Costs and expenses:        
Cost of sales 289.4 236.5 797.0 656.8
Research and development expenses 645.0 467.0 1,846.2 1,370.0
Acquired in-process research and development expenses 29.0 26.7 92.9 986.8
Selling, general and administrative expenses 246.8 198.2 677.3 584.9
Change in fair value of contingent consideration (2.6) 1.2 (59.3) (1.1)
Total costs and expenses 1,207.6 929.6 3,354.1 3,597.4
Income from operations 1,126.7 1,054.5 3,273.9 1,904.4
Interest income 46.2 1.1 58.6 3.7
Interest expense (13.7) (15.2) (43.2) (46.4)
Other income (expense), net 17.2 42.4 (133.7) (2.2)
Income before provision for income taxes 1,176.4 1,082.8 3,155.6 1,859.5
Provision for income taxes 245.9 230.9 652.5 287.5
Net income $ 930.5 $ 851.9 $ 2,503.1 $ 1,572.0
Net income per common share:        
Basic (in dollars per share) $ 3.63 $ 3.30 $ 9.78 $ 6.08
Diluted (in dollars per share) $ 3.59 $ 3.28 $ 9.68 $ 6.03
Shares used in per share calculations:        
Basic (in shares) 256.5 257.9 255.8 258.7
Diluted (in shares) 259.5 259.7 258.7 260.9
Product revenues, net        
Revenues:        
Revenues $ 2,334.3 $ 1,984.1 $ 6,628.0 $ 5,500.8
Other revenues        
Revenues:        
Revenues $ 0.0 $ 0.0 $ 0.0 $ 1.0