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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenues $ 2,770.2 $ 2,690.6
Costs and expenses:    
Cost of sales 363.0 342.6
Research and development expenses 979.7 789.1
Acquired in-process research and development expenses 19.8 76.8
Selling, general and administrative expenses 396.4 342.7
Intangible asset impairment charge 379.0 0.0
Change in fair value of contingent consideration 2.2 (0.1)
Total costs and expenses 2,140.1 1,551.1
Income from operations 630.1 1,139.5
Interest income 120.9 181.2
Interest expense (3.0) (10.4)
Other expense, net (17.6) (31.2)
Income before provision for income taxes 730.4 1,279.1
Provision for income taxes 84.1 179.5
Net income $ 646.3 $ 1,099.6
Net income per common share:    
Basic (in dollars per share) $ 2.52 $ 4.26
Diluted (in dollars per share) $ 2.49 $ 4.21
Shares used in per share calculations:    
Basic (in shares) 256.9 258.2
Diluted (in shares) 259.5 261.1
Product revenues, net    
Total revenues $ 2,760.2 $ 2,690.6
Other revenues    
Total revenues $ 10.0 $ 0.0