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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Total revenues $ 372,845 $ 317,448 $ 746,292 $ 621,193
OPERATING EXPENSES:        
Cost of sales 79,019 56,305 161,352 106,311
Research and development 175,582 143,039 359,530 288,042
Selling, general and administrative 153,280 143,505 291,616 263,524
Intangible asset amortization and contingent consideration 10,227 13,411 23,429 22,336
Gain on sale of intangible assets 20,000 0 20,000 0
Total operating expenses 398,108 356,260 815,927 680,213
LOSS FROM OPERATIONS (25,263) (38,812) (69,635) (59,020)
Equity in the loss of BioMarin/Genzyme LLC (107) (220) (39) (743)
Interest income 5,569 2,983 10,803 6,055
Interest expense (12,225) (10,040) (23,787) (20,159)
Other income, net 2,849 543 2,677 4,015
LOSS BEFORE INCOME TAXES (29,177) (45,546) (79,981) (69,852)
Benefit from income taxes (12,385) (8,713) (19,040) (16,729)
NET LOSS $ (16,792) $ (36,833) $ (60,941) $ (53,123)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.09) $ (0.21) $ (0.35) $ (0.31)
Weighted average common shares outstanding, basic and diluted 176,873 174,374 176,405 173,547
COMPREHENSIVE INCOME (LOSS) $ 10,624 $ (56,511) $ (38,523) $ (80,597)
Net Product Revenues        
REVENUES:        
Total revenues 367,786 315,926 736,885 618,116
Royalty and Other Revenues        
REVENUES:        
Total revenues $ 5,059 $ 1,522 $ 9,407 $ 3,077