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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 293.8 $ 270.5 $ 848.9 $ 772.7
Operating expenses:        
Cost of goods and services sold 122.6 176.8 563.3 520.3
Research and development 13.8 15.3 61.6 82.0
Selling, general and administrative 76.6 86.0 247.2 278.7
Amortization of intangible assets 16.3 16.3 48.8 49.4
Goodwill impairment 0.0 218.2 0.0 218.2
Impairment of long-lived assets 0.0 0.0 27.2 306.7
Total operating expenses 229.3 512.6 948.1 1,455.3
Income (loss) from operations 64.5 (242.1) (99.2) (682.6)
Other income (expense):        
Interest expense (8.3) (19.7) (56.2) (66.2)
Gain (loss) on sale of business 64.3 (0.7) 24.3 74.2
Other, net 21.9 (3.4) 15.8 (2.1)
Total other income (expense), net 77.9 (23.8) (16.1) 5.9
Income (loss) before income taxes 142.4 (265.9) (115.3) (676.7)
Income tax provision (benefit) 27.6 (2.5) 44.0 34.3
Net income (loss) $ 114.8 $ (263.4) $ (159.3) $ (711.0)
Earnings (loss) per common share        
Basic (in dollars per share) $ 2.16 $ (5.08) $ (3.03) $ (13.97)
Diluted (in dollars per share) $ 2.06 $ (5.08) $ (3.03) $ (13.97)
Weighted average shares outstanding        
Basic (in shares) 53.1 51.8 52.6 50.9
Diluted (in shares) 55.6 51.8 52.6 50.9
Total Product sales, net        
Revenues:        
Product sales $ 269.5 $ 249.8 $ 726.8 $ 695.4
Commercial Product sales        
Revenues:        
Product sales 95.3 142.1 333.8 386.2
Operating expenses:        
Cost of goods and services sold 47.2 60.0 152.7 160.2
MCM Product sales        
Revenues:        
Product sales 174.2 107.7 393.0 309.2
Operating expenses:        
Cost of goods and services sold 54.0 72.5 147.3 208.4
Total Bioservices revenues        
Revenues:        
Total Bioservices revenues 14.3 14.2 97.5 57.7
Operating expenses:        
Cost of goods and services sold 21.4 44.3 263.3 151.7
Services        
Revenues:        
Product sales 13.9 13.2 96.7 52.2
Leases        
Revenues:        
Leases 0.4 1.0 0.8 5.5
Contracts and grants        
Revenues:        
Product sales $ 10.0 $ 6.5 $ 24.6 $ 19.6