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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Total revenues $ 595,275 $ 533,798 $ 1,191,690 $ 1,053,157
OPERATING EXPENSES:        
Cost of sales 128,082 123,126 254,631 240,091
Research and development 177,363 158,190 349,209 319,026
Selling, general and administrative 215,336 196,835 438,339 391,454
Intangible asset amortization and contingent consideration 15,624 16,495 31,294 34,107
Gain on sale of nonfinancial assets, net 0 0 0 (108,000)
Total operating expenses 536,405 494,646 1,073,473 876,678
INCOME FROM OPERATIONS 58,870 39,152 118,217 176,479
Interest income 12,612 2,505 24,555 4,325
Interest expense (3,755) (3,859) (7,458) (7,665)
Other income (expense), net 3,083 (2,947) (7,747) (4,101)
INCOME BEFORE INCOME TAXES 70,810 34,851 127,567 169,038
Provision for income taxes 14,770 7,187 20,675 20,576
NET INCOME $ 56,040 $ 27,664 $ 106,892 $ 148,462
Earnings per share, basic (in dollars per share) $ 0.30 $ 0.15 $ 0.57 $ 0.80
Earnings per share, diluted (in dollars per share) $ 0.29 $ 0.15 $ 0.56 $ 0.79
Weighted average common shares outstanding, basic (in shares) 187,948 185,254 187,311 184,710
Weighted average common shares outstanding, diluted (in shares) 194,998 187,448 194,756 191,096
COMPREHENSIVE INCOME $ 48,145 $ 47,013 $ 92,142 $ 152,502
Net product revenues        
REVENUES:        
Total revenues 584,698 517,660 1,171,124 1,023,185
Royalty and other revenues        
REVENUES:        
Total revenues $ 10,577 $ 16,138 $ 20,566 $ 29,972