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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
[1]
Sep. 30, 2022
Sep. 30, 2021
[1]
Income Statement [Abstract]        
Revenue $ 769.6 $ 650.2 $ 2,094.6 $ 1,750.3
Cost of sales 275.4 203.3 752.8 542.4
Gross profit 494.2 446.9 1,341.8 1,207.9
Operating expenses:        
Research and development 110.3 128.8 367.9 367.3
Amortization of intangible assets 1.8 1.3 5.7 2.3
Selling, general and administrative 234.6 198.5 702.4 573.1
Total operating expenses 346.7 328.6 1,076.0 942.7
Operating income 147.5 118.3 265.8 265.2
Interest expense (4.6) (4.6) (13.9) (14.1)
Income from equity investments 0.0 0.0 0.2 0.0
Interest and other income (expense), net 3.3 (1.7) 5.5 (0.7)
Income before income taxes 146.2 112.0 257.6 250.4
Income tax expense 45.0 24.7 8.2 28.2
Net income $ 101.2 $ 87.3 [2] $ 249.4 $ 222.2 [3]
Basic net income per share (USD per share) $ 0.26 $ 0.23 $ 0.64 $ 0.57
Shares used to compute basic net income per share (shares) 389.8 387.4 390.4 386.5
Diluted net income per share (USD per share) $ 0.24 $ 0.21 $ 0.60 $ 0.54
Shares used to compute diluted net income per share (shares) 425.8 430.3 428.0 427.9
[1] * We adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. All periods presented have also been adjusted to reflect the four-for-one stock split. Refer to Note 1, “Organization and Significant Accounting Policies,” for further information.
[2] * We adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. Refer to Note 1, “Organization and Significant Accounting Policies,” for further information.
[3] * We adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. Refer to Note 1, “Organization and Significant Accounting Policies,” for further information.