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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 600,888 $ 537,702 $ 1,698,050 $ 1,580,021
Operating expenses:        
Cost of product sales (excluding amortization of acquired developed technologies) 42,095 31,400 98,760 92,582
Selling, general and administrative 207,255 178,706 607,061 522,667
Research and development 78,647 79,855 243,676 202,344
Intangible asset amortization 66,684 62,863 192,505 181,324
Acquired in-process research and development 10,000 51,775 215,250 109,975
Impairment charge 0 0 136,139 0
Total operating expenses 404,681 404,599 1,493,391 1,108,892
Income from operations 196,207 133,103 204,659 471,129
Interest expense, net (27,428) (17,861) (72,134) (54,017)
Foreign exchange loss (639) (1,033) (2,235) (3,577)
Income before income tax provision (benefit) and equity in loss of investees 168,140 114,209 130,290 413,535
Income tax provision (benefit) 19,283 10,903 22,750 (38,631)
Equity in loss of investees 623 1,030 2,338 2,791
Net income $ 148,234 $ 102,276 $ 105,202 $ 449,375
Net income per ordinary share:        
Basic (in dollars per share) $ 2.67 $ 1.80 $ 1.89 $ 7.90
Diluted (in dollars per share) $ 2.64 $ 1.78 $ 1.87 $ 7.80
Weighted-average ordinary shares used in per share calculations - basic (in shares) 55,545 56,674 55,637 56,860
Weighted-average ordinary shares used in per share calculations - diluted (in shares) 56,236 57,438 56,297 57,647
Product sales, net        
Revenues:        
Total revenues $ 596,949 $ 532,321 $ 1,685,357 $ 1,559,075
Royalties and contract revenues        
Revenues:        
Total revenues $ 3,939 $ 5,381 $ 12,693 $ 20,946