|
CONSOLIDATED STATEMENTS OF INCOME (USD $) In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Revenue: |
|
|
| Net product sales |
$ 2,055.2 |
$ 1,707.5 |
| Other revenue |
25.6 |
22.5 |
| Total revenue |
2,080.8 |
1,730.0 |
| Expenses: |
|
|
| Cost of goods sold (excluding amortization of acquired intangible assets) |
104.0 |
86.1 |
| Research and development |
506.0 |
713.7 |
| Selling, general and administrative |
529.2 |
494.1 |
| Amortization of acquired intangible assets |
63.6 |
65.7 |
| Acquisition related charges, net |
19.0 |
8.6 |
| Total costs and expenses |
1,221.8 |
1,368.2 |
| Operating income |
859.0 |
361.8 |
| Other income and (expense): |
|
|
| Interest and investment income, net |
9.0 |
6.4 |
| Interest (expense) |
(49.2) |
(29.3) |
| Other income (expense), net |
8.3 |
(6.6) |
| Income before income taxes |
827.1 |
332.3 |
| Income tax provision |
108.2 |
52.6 |
| Net income |
$ 718.9 |
$ 279.7 |
| Net income per common share (Note1): |
|
|
| Basic (in dollars per share) |
$ 0.90 |
$ 0.34 |
| Diluted (in dollars per share) |
$ 0.86 |
$ 0.33 |
| Weighted average shares (Note 1): |
|
|
| Basic (in shares) |
798.9 |
811.5 |
| Diluted (in shares) |
834.1 |
845.1 |