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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Total revenues $ 429,485 $ 387,763 $ 931,554 $ 788,508
OPERATING EXPENSES:        
Cost of sales 97,967 77,436 209,341 166,618
Research and development 182,139 185,641 324,396 369,232
Selling, general and administrative 175,412 160,754 362,707 322,912
Intangible asset amortization and contingent consideration 14,912 20,286 30,589 40,051
Gain on sale of nonfinancial assets 0 (15,000) (59,495) (15,000)
Total operating expenses 470,430 429,117 867,538 883,813
INCOME (LOSS) FROM OPERATIONS (40,945) (41,354) 64,016 (95,305)
Equity in the loss of BioMarin/Genzyme LLC (79) (44) (156) (229)
Interest income 4,291 5,899 9,535 12,197
Interest expense (8,048) (6,866) (14,963) (13,593)
Other income, net 2,508 470 647 2,078
INCOME (LOSS) BEFORE INCOME TAXES (42,273) (41,895) 59,079 (94,852)
Provision for (benefit from) income taxes (13,090) (4,460) 6,881 (944)
NET INCOME (LOSS) $ (29,183) $ (37,435) $ 52,198 $ (93,908)
NET INCOME (LOSS) PER SHARE, BASIC (in dollars per share) $ (0.16) $ (0.21) $ 0.29 $ (0.53)
NET INCOME (LOSS) PER SHARE, DILUTED (in dollars per share) $ (0.16) $ (0.21) $ 0.28 $ (0.53)
Weighted average common shares outstanding, basic (in shares) 180,729 179,048 180,314 178,662
Weighted average common shares outstanding, diluted (in shares) 180,729 179,048 184,344 178,662
COMPREHENSIVE INCOME (LOSS) $ (33,260) $ (39,790) $ 62,084 $ (81,740)
Net product revenues        
REVENUES:        
Total revenues 419,032 379,075 908,075 773,558
Royalty and other revenues        
REVENUES:        
Total revenues $ 10,453 $ 8,688 $ 23,479 $ 14,950