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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Product revenues, net $ 12,001,300,000 $ 11,020,100,000 $ 9,869,200,000
Costs and expenses:      
Cost of sales 1,651,300,000 1,530,500,000 1,262,200,000
Research and development expenses 3,909,500,000 3,630,300,000 3,162,900,000
Acquired in-process research and development expenses 133,000,000.0 4,628,400,000 527,100,000
Selling, general and administrative expenses 1,753,100,000 1,464,300,000 1,136,600,000
Intangible asset impairment charge 379,000,000.0 0 0
Change in fair value of contingent consideration 2,100,000 (500,000) (51,600,000)
Total costs and expenses 7,828,000,000 11,253,000,000 6,037,200,000
Income (loss) from operations 4,173,300,000 (232,900,000) 3,832,000,000
Interest income 490,900,000 598,100,000 614,700,000
Interest expense (13,300,000) (30,600,000) (44,100,000)
Other expense, net (7,700,000) (86,100,000) (22,800,000)
Income before provision for income taxes 4,643,200,000 248,500,000 4,379,800,000
Provision for income taxes 690,000,000.0 784,100,000 760,200,000
income (loss) $ 3,953,200,000 $ (535,600,000) $ 3,619,600,000
Net income (loss) per common share:      
Basic (in dollars per share) $ 15.46 $ (2.08) $ 14.05
Diluted (in dollars per share) $ 15.32 $ (2.08) $ 13.89
Shares used in per share calculations:      
Basic (in shares) 255.7 257.9 257.7
Diluted (in shares) 258.0 257.9 260.5
Product revenues, net      
Product revenues, net $ 11,970,600,000 $ 11,020,100,000 $ 9,869,200,000
Other revenues      
Product revenues, net $ 30,700,000 $ 0 $ 0