v3.21.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 1,501.6 $ 1,262.4
Cost of sales 314.3 245.7
Gross profit 1,187.3 1,016.7
Royalty overrides 474.0 381.2
Selling, general, and administrative expenses 506.7 549.0
Other operating income (15.9) (9.1)
Operating income 222.5 95.6
Interest expense, net 37.5 25.0
Income before income taxes 185.0 70.6
Income taxes 37.6 25.0
Net income $ 147.4 $ 45.6
Earnings per share:    
Basic $ 1.36 $ 0.33
Diluted $ 1.33 $ 0.32
Weighted-average shares outstanding:    
Basic 108.4 137.8
Diluted 111.1 140.2

Source