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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Net product revenues $ 315,926 $ 298,576 $ 618,116 $ 533,933
Royalty and other revenues 1,522 1,555 3,077 2,934
Total revenues 317,448 300,131 621,193 536,867
OPERATING EXPENSES:        
Cost of sales 56,305 51,617 106,311 94,735
Research and development 143,039 167,039 288,042 325,832
Selling, general and administrative 143,505 109,577 263,524 214,877
Intangible asset amortization and contingent consideration 13,411 (54,414) 22,336 (43,972)
Impairment of intangible assets 0 599,118 0 599,118
Total operating expenses 356,260 872,937 680,213 1,190,590
LOSS FROM OPERATIONS (38,812) (572,806) (59,020) (653,723)
Equity in the loss of BioMarin/Genzyme LLC (220) (135) (743) (270)
Interest income 2,983 1,357 6,055 2,928
Interest expense (10,040) (9,944) (20,159) (19,787)
Other income (expense) 543 (1,417) 4,015 (1,219)
LOSS BEFORE INCOME TAXES (45,546) (582,945) (69,852) (672,071)
Benefit from income taxes (8,713) (163,931) (16,729) (170,006)
NET LOSS $ (36,833) $ (419,014) $ (53,123) $ (502,065)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.21) $ (2.58) $ (0.31) $ (3.10)
Weighted average common shares outstanding, basic and diluted 174,374 162,587 173,547 162,067
COMPREHENSIVE LOSS $ (56,511) $ (414,533) $ (80,597) $ (518,570)