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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Total revenues $ 2,419,226 $ 2,096,039 $ 1,846,275
OPERATING EXPENSES:      
Cost of sales 514,854 483,669 470,515
Research and development 746,773 649,606 628,793
Selling, general and administrative 937,291 854,009 759,375
Intangible asset amortization and contingent consideration 62,211 67,193 69,933
Gain on sale of nonfinancial assets, net 0 (108,000) 0
Total operating expenses 2,261,129 1,946,477 1,928,616
INCOME (LOSS) FROM OPERATIONS 158,097 149,562 (82,341)
Interest income 58,339 18,034 10,482
Interest expense (17,335) (15,970) (15,337)
Other income (expense), net (10,538) (2,050) 11,846
INCOME (LOSS) BEFORE INCOME TAXES 188,563 149,576 (75,350)
Provision for (benefit from) income taxes 20,918 8,015 (11,270)
NET INCOME (LOSS) $ 167,645 $ 141,561 $ (64,080)
EARNINGS (LOSS) PER SHARE, BASIC (in dollars per share) $ 0.89 $ 0.76 $ (0.35)
EARNINGS (LOSS) PER SHARE, DILUTED (in dollars per share) $ 0.87 $ 0.75 $ (0.35)
Weighted-average common shares outstanding, basic (in shares) 187,834 185,266 182,852
Weighted average common shares outstanding, diluted (in shares) 191,595 188,963 182,852
Net product revenues      
REVENUES:      
Total revenues $ 2,372,538 $ 2,042,025 $ 1,783,498
Royalty and other revenues      
REVENUES:      
Total revenues $ 46,688 $ 54,014 $ 62,777