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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 1,126,107 $ 1,054,969 $ 3,069,660 $ 2,980,777
Operating expenses:        
Cost of product sales (excluding amortization of acquired developed technologies) 128,880 111,611 349,768 317,000
Selling, general and administrative 530,647 325,772 1,403,059 1,016,007
Research and development 198,203 199,919 568,827 643,500
Intangible asset amortization 168,368 157,457 484,919 468,410
Acquired in-process research and development 42,500 0 947,862 10,000
Total operating expenses 1,068,598 794,759 3,754,435 2,454,917
Income (loss) from operations 57,509 260,210 (684,775) 525,860
Interest expense, net (48,576) (58,702) (149,645) (186,841)
Foreign exchange gain (loss) 102 (701) (1,910) (1,887)
Income (loss) before income tax benefit and equity in loss of investees 9,035 200,807 (836,330) 337,132
Income tax benefit (242,424) (14,533) (277,406) (33,517)
Equity in loss of investees 47 285 675 1,644
Net income (loss) $ 251,412 $ 215,055 $ (559,599) $ 369,005
Net income (loss) per ordinary share:        
Basic (in dollars per share) $ 4.14 $ 3.50 $ (9.18) $ 5.93
Diluted (in dollars per share) $ 4.08 $ 3.42 $ (9.18) $ 5.63
Weighted-average ordinary shares used in per share calculations - basic (in shares) 60,696 61,414 60,955 62,275
Weighted-average ordinary shares used in per share calculations - diluted (in shares) 61,606 63,174 60,955 67,511
Product sales, net        
Revenues:        
Total revenues $ 1,064,412 $ 989,707 $ 2,889,401 $ 2,795,953
Royalties and contract revenues        
Revenues:        
Total revenues $ 61,695 $ 65,262 $ 180,259 $ 184,824