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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Total revenues $ 533,798 $ 501,693 $ 1,053,157 $ 987,723
OPERATING EXPENSES:        
Cost of sales 123,126 127,062 240,091 247,228
Research and development 158,190 161,107 319,026 309,832
Selling, general and administrative 196,835 184,161 391,454 358,479
Intangible asset amortization and contingent consideration 16,495 17,691 34,107 35,426
Gain on sale of nonfinancial assets, net 0 0 (108,000) 0
Total operating expenses 494,646 490,021 876,678 950,965
INCOME FROM OPERATIONS 39,152 11,672 176,479 36,758
Interest income 2,505 4,471 4,325 6,910
Interest expense (3,859) (3,817) (7,665) (7,621)
Other income (expense), net (2,947) 1,830 (4,101) 1,337
INCOME BEFORE INCOME TAXES 34,851 14,156 169,038 37,384
Provision for income taxes 7,187 1,215 20,576 7,072
NET INCOME $ 27,664 $ 12,941 $ 148,462 $ 30,312
NET INCOME PER SHARE, BASIC (in dollars per share) $ 0.15 $ 0.07 $ 0.80 $ 0.17
NET INCOME PER SHARE, DILUTED (in dollars per share) $ 0.15 $ 0.07 $ 0.79 $ 0.16
Weighted average common shares outstanding, basic (in shares) 185,254 182,844 184,710 182,311
Weighted average common shares outstanding, diluted (in shares) 187,448 185,427 191,096 185,089
COMPREHENSIVE INCOME $ 47,013 $ 6,998 $ 152,502 $ 45,512
Net product revenues        
REVENUES:        
Total revenues 517,660 486,670 1,023,185 954,439
Royalty and other revenues        
REVENUES:        
Total revenues $ 16,138 $ 15,023 $ 29,972 $ 33,284