XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES:      
Total revenues $ 3,221,253 $ 2,853,915 $ 2,419,226
OPERATING EXPENSES:      
Cost of sales 717,442 580,235 532,062
Research and development 921,930 747,184 746,773
Selling, general and administrative 1,153,017 1,009,025 892,406
Intangible asset amortization 19,386 43,257 62,211
Gain on sale of nonfinancial assets 0 (10,000) 0
Total operating expenses 2,811,775 2,369,701 2,233,452
INCOME FROM OPERATIONS 409,478 484,214 185,774
Interest income 74,904 74,883 58,339
Interest expense (10,899) (12,666) (17,335)
Other income (expense), net 8,997 (4,668) (38,215)
INCOME BEFORE INCOME TAXES 482,480 541,763 188,563
Provision for income taxes 133,579 114,904 20,918
NET INCOME $ 348,901 $ 426,859 $ 167,645
EARNINGS PER SHARE, BASIC (in dollars per share) $ 1.82 $ 2.25 $ 0.89
EARNINGS PER SHARE, DILUTED (in dollars per share) $ 1.80 $ 2.21 $ 0.87
Weighted-average common shares outstanding, basic (in shares) 191,787 190,027 187,834
Weighted average common shares outstanding, diluted (in shares) 197,394 196,708 191,595
Net product revenues      
REVENUES:      
Total revenues $ 3,167,759 $ 2,809,445 $ 2,372,538
Royalty and other revenues      
REVENUES:      
Total revenues $ 53,494 $ 44,470 $ 46,688