v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,552.3 $ 1,346.9 $ 3,053.9 $ 2,609.3
Cost of sales 323.2 272.8 637.5 518.5
Gross profit 1,229.1 1,074.1 2,416.4 2,090.8
Royalty overrides 485.8 406.9 959.8 788.1
Selling, general, and administrative expenses 505.9 480.8 1,012.6 1,029.8
Other operating income (0.5) (3.3) (16.4) (12.4)
Operating income 237.9 189.7 460.4 285.3
Interest expense, net 36.8 28.8 74.3 53.8
Other expense, net 24.6 0.0 24.6 0.0
Income before income taxes 176.5 160.9 361.5 231.5
Income taxes 32.3 45.8 69.9 70.8
Net income $ 144.2 $ 115.1 $ 291.6 $ 160.7
Earnings per share:        
Basic $ 1.33 $ 0.84 $ 2.70 $ 1.17
Diluted $ 1.31 $ 0.82 $ 2.63 $ 1.15
Weighted-average shares outstanding:        
Basic 108.0 137.9 108.2 137.9
Diluted 110.2 140.1 110.7 140.1

Source