XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES:        
Total revenues $ 581,329 $ 505,344 $ 1,773,019 $ 1,558,501
OPERATING EXPENSES:        
Cost of sales 124,745 116,288 379,376 356,379
Research and development 191,314 157,829 540,523 476,855
Selling, general and administrative 223,928 216,816 662,267 608,270
Intangible asset amortization and contingent consideration 15,681 16,828 46,975 50,935
Gain on sale of nonfinancial assets, net 0 0 0 (108,000)
Total operating expenses 555,668 507,761 1,629,141 1,384,439
INCOME (LOSS) FROM OPERATIONS 25,661 (2,417) 143,878 174,062
Interest income 15,740 4,999 40,295 9,324
Interest expense (3,779) (4,679) (11,237) (12,344)
Other income (expense), net 4,047 193 (3,700) (3,908)
INCOME (LOSS) BEFORE INCOME TAXES 41,669 (1,904) 169,236 167,134
Provision for income taxes 1,291 4,748 21,966 25,324
NET INCOME (LOSS) $ 40,378 $ (6,652) $ 147,270 $ 141,810
EARNINGS (LOSS) PER SHARE, BASIC (in dollars per share) $ 0.21 $ (0.04) $ 0.78 $ 0.77
EARNINGS (LOSS) PER SHARE, DILUTED (in dollars per share) $ 0.21 $ (0.04) $ 0.77 $ 0.75
Weighted average common shares outstanding, basic (in shares) 188,219 185,597 187,617 185,009
Weighted average common shares outstanding, diluted (in shares) 191,173 185,597 195,042 192,252
COMPREHENSIVE INCOME $ 65,252 $ 5,625 $ 157,394 $ 158,127
Net product revenues        
REVENUES:        
Total revenues 568,266 493,348 1,739,390 1,516,533
Royalty and other revenues        
REVENUES:        
Total revenues $ 13,063 $ 11,996 $ 33,629 $ 41,968