XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Total revenues $ 776,133 $ 745,740 $ 2,346,688 $ 2,106,602
OPERATING EXPENSES:        
Cost of sales 140,085 188,457 441,733 444,096
Research and development 409,478 184,901 729,517 573,675
Selling, general and administrative 268,415 253,480 706,810 742,418
Intangible asset amortization 4,847 5,009 14,540 33,606
Gain on sale of nonfinancial assets 0 0 0 (10,000)
Total operating expenses 822,825 631,847 1,892,600 1,783,795
INCOME (LOSS) FROM OPERATIONS (46,692) 113,893 454,088 322,807
Interest income 17,854 18,053 55,694 57,203
Interest expense (2,579) (2,968) (8,121) (10,089)
Other income, net 5,093 5,463 7,972 2,203
INCOME (LOSS) BEFORE INCOME TAXES (26,324) 134,441 509,633 372,124
Provision for income taxes 4,420 28,361 114,159 70,208
NET INCOME (LOSS) $ (30,744) $ 106,080 $ 395,474 $ 301,916
EARNINGS (LOSS) PER SHARE, BASIC (in dollars per share) $ (0.16) $ 0.56 $ 2.06 $ 1.59
EARNINGS (LOSS) PER SHARE, DILUTED (in dollars per share) $ (0.16) $ 0.55 $ 2.04 $ 1.56
Weighted average common shares outstanding, basic (in shares) 192,032 190,429 191,639 189,806
Weighted average common shares outstanding, diluted (in shares) 192,032 197,147 196,893 196,683
COMPREHENSIVE INCOME (LOSS) $ (20,116) $ 83,931 $ 299,884 $ 335,354
Net product revenues        
REVENUES:        
Total revenues 760,812 733,867 2,308,438 2,073,811
Royalty and other revenues        
REVENUES:        
Total revenues $ 15,321 $ 11,873 $ 38,250 $ 32,791