XML 16 R3.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 562,436 $ 534,133 $ 1,097,162 $ 1,042,319
Operating expenses:        
Cost of product sales (excluding amortization of acquired developed technologies) 28,008 27,676 56,665 61,182
Selling, general and administrative 191,406 176,014 399,806 343,961
Research and development 78,922 62,384 165,029 122,489
Intangible asset amortization 62,974 61,576 125,821 118,461
Acquired in-process research and development 3,000 2,200 205,250 58,200
Impairment charge 0 0 136,139 0
Total operating expenses 364,310 329,850 1,088,710 704,293
Income from operations 198,126 204,283 8,452 338,026
Interest expense, net (26,210) (18,234) (44,706) (36,156)
Foreign exchange loss (464) (1,933) (1,596) (2,544)
Income (loss) before income tax provision (benefit) and equity in loss of investees 171,452 184,116 (37,850) 299,326
Income tax provision (benefit) 54,754 (78,650) 3,467 (49,534)
Equity in loss of investees 1,897 868 1,715 1,761
Net income (loss) $ 114,801 $ 261,898 $ (43,032) $ 347,099
Net income (loss) per ordinary share:        
Basic (in dollars per share) $ 2.07 $ 4.62 $ (0.77) $ 6.09
Diluted (in dollars per share) $ 2.06 $ 4.56 $ (0.77) $ 6.01
Weighted-average ordinary shares used in per share calculations - basic (in shares) 55,413 56,707 55,684 56,955
Weighted-average ordinary shares used in per share calculations - diluted (in shares) 55,864 57,427 55,684 57,753
Product sales, net        
Revenues:        
Total revenues $ 558,203 $ 523,423 $ 1,088,408 $ 1,026,754
Royalties and contract revenues        
Revenues:        
Total revenues $ 4,233 $ 10,710 $ 8,754 $ 15,565