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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Total revenues $ 461,097 $ 391,706 $ 1,249,605 $ 1,137,998
OPERATING EXPENSES:        
Cost of sales 96,949 78,893 263,567 240,245
Research and development 172,963 161,408 542,195 520,938
Selling, general and administrative 170,112 148,566 493,024 440,182
Intangible asset amortization and contingent consideration 17,063 18,580 57,114 42,009
Gain on sale of intangible assets 0 0 (15,000) (20,000)
Total operating expenses 457,087 407,447 1,340,900 1,223,374
INCOME (LOSS) FROM OPERATIONS 4,010 (15,741) (91,295) (85,376)
Equity in the loss of BioMarin/Genzyme LLC (551) (468) (780) (507)
Interest income 5,340 6,338 17,537 17,141
Interest expense (2,937) (12,131) (16,530) (35,918)
Other income, net 3,960 2,589 6,038 5,266
INCOME (LOSS) BEFORE INCOME TAXES 9,822 (19,413) (85,030) (99,394)
Benefit from income taxes (45,214) (6,793) (46,158) (25,833)
NET INCOME (LOSS) $ 55,036 $ (12,620) $ (38,872) $ (73,561)
NET INCOME (LOSS) PER SHARE, BASIC (in dollars per share) $ 0.31 $ (0.07) $ (0.22) $ (0.42)
NET INCOME (LOSS) PER SHARE, DILUTED (in dollars per share) $ 0.30 $ (0.07) $ (0.22) $ (0.42)
Weighted average common shares outstanding, basic (in shares) 179,289 177,481 178,873 176,767
Weighted average common shares outstanding, diluted (in shares) 185,924 177,481 178,873 176,767
COMPREHENSIVE INCOME (LOSS) $ 74,600 $ (13,651) $ (7,140) $ (52,174)
Net product revenues        
REVENUES:        
Total revenues 450,900 386,320 1,224,458 1,123,205
Royalty and other revenues        
REVENUES:        
Total revenues $ 10,197 $ 5,386 $ 25,147 $ 14,793