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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Product sales $ 3,591.8 $ 2,322.1 $ 7,004.1 $ 3,949.4
Royalties and other revenues 154.0 107.0 314.0 189.0
Total revenues 3,745.8 2,429.1 7,318.1 4,138.4
Costs and expenses:        
Cost of sales 1,108.9 778.1 2,435.9 1,026.7
Research and development 542.4 294.8 921.7 511.9
Selling, general and administrative 899.1 675.3 1,788.0 1,150.2
Amortization of acquired intangible assets 434.1 213.0 798.1 347.6
Integration and acquisition costs 343.7 363.0 459.7 454.1
Reorganization costs 13.6 11.0 19.1 14.3
Loss/(gain) on sale of product rights 4.8 (2.3) (0.7) (6.5)
Total operating expenses 3,346.6 2,332.9 6,421.8 3,498.3
Operating income from continuing operations 399.2 96.2 896.3 640.1
Interest income 1.1 1.6 4.2 2.6
Interest expense (141.3) (87.2) (283.6) (131.9)
Other income/(expense), net 2.5 6.0 7.0 (2.5)
Total other expense, net (137.7) (79.6) (272.4) (131.8)
Income from continuing operations before income taxes and equity in earnings/(losses) of equity method investees 261.5 16.6 623.9 508.3
Income taxes (24.3) 70.9 (31.1) (11.2)
Equity in earnings/(losses) of equity method investees, net of taxes 4.3 (0.9) 3.5 (1.0)
Income from continuing operations, net of taxes 241.5 86.6 596.3 496.1
(Loss)/gain from discontinued operations, net of taxes (1.2) (248.7) 19.0 (239.2)
Net income/(loss) $ 240.3 $ (162.1) $ 615.3 $ 256.9
Earnings/(loss) per Ordinary Share – basic        
Earnings from continuing operations (in usd per share) $ 0.27 $ 0.12 $ 0.66 $ 0.78
(Loss)/gain from discontinued operations (in usd per share) 0.00 (0.36) 0.02 (0.38)
Earnings/(loss) per Ordinary Share - basic (in usd per share) 0.27 (0.24) 0.68 0.40
Earnings/(loss) per Ordinary Share – diluted        
Earnings from continuing operations (in usd per share) 0.26 0.12 0.65 0.77
(Loss)/earnings from discontinued operations (in usd per share) 0.00 (0.36) 0.02 (0.37)
Earnings/(loss) per Ordinary Share - diluted (in usd per share) $ 0.26 $ (0.24) $ 0.67 $ 0.40
Weighted average number of shares:        
Basic (in shares) 906.4 682.8 905.3 637.3
Diluted (in shares) 912.7 682.8 912.3 640.1