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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 1,045,712 $ 1,023,825 $ 1,943,553 $ 1,925,808
Operating expenses:        
Cost of product sales (excluding amortization of acquired developed technologies) 116,268 109,902 220,888 205,389
Selling, general and administrative 358,399 338,523 872,412 690,235
Research and development 189,972 220,734 370,624 443,581
Intangible asset amortization 162,103 155,223 316,551 310,953
Acquired in-process research and development 905,362 0 905,362 10,000
Total operating expenses 1,732,104 824,382 2,685,837 1,660,158
Income (loss) from operations (686,392) 199,443 (742,284) 265,650
Interest expense, net (47,363) (62,023) (101,069) (128,139)
Foreign exchange gain (loss) (1,799) 507 (2,012) (1,186)
Income (loss) before income tax benefit and equity in loss of investees (735,554) 137,927 (845,365) 136,325
Income tax benefit (17,170) (30,653) (34,982) (18,984)
Equity in loss of investees 86 12 628 1,359
Net income (loss) $ (718,470) $ 168,568 $ (811,011) $ 153,950
Net income (loss) per ordinary share:        
Basic (in dollars per share) $ (11.74) $ 2.68 $ (13.28) $ 2.45
Diluted (in dollars per share) $ (11.74) $ 2.49 $ (13.28) $ 2.35
Weighted-average ordinary shares used in per share calculations - basic (in shares) 61,194 62,882 61,087 62,710
Weighted-average ordinary shares used in per share calculations - diluted (in shares) 61,194 69,625 61,087 69,684
Product sales, net        
Revenues:        
Total revenues $ 985,571 $ 964,144 $ 1,824,989 $ 1,806,246
Royalties and contract revenues        
Revenues:        
Total revenues $ 60,141 $ 59,681 $ 118,564 $ 119,562