XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Research and development revenue under collaborative agreements $ 61,892isis_ResearchAndDevelopmentRevenueUnderCollaborativeAgreements $ 19,550isis_ResearchAndDevelopmentRevenueUnderCollaborativeAgreements
Licensing and royalty revenue 691isis_LicensingAndRoyaltyRevenue 8,611isis_LicensingAndRoyaltyRevenue
Total revenue 62,583us-gaap_Revenues 28,161us-gaap_Revenues
Expenses:    
Research, development and patent expenses 64,447isis_ResearchDevelopmentAndPatentExpense 53,448isis_ResearchDevelopmentAndPatentExpense
General and administrative 7,466us-gaap_GeneralAndAdministrativeExpense 4,380us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 71,913us-gaap_OperatingExpenses 57,828us-gaap_OperatingExpenses
Loss from operations (9,330)us-gaap_OperatingIncomeLoss (29,667)us-gaap_OperatingIncomeLoss
Other income (expense):    
Investment income 845us-gaap_InvestmentIncomeNet 657us-gaap_InvestmentIncomeNet
Interest expense (9,021)us-gaap_InterestExpense (4,943)us-gaap_InterestExpense
Gain on investments, net 0us-gaap_GainLossOnInvestments 397us-gaap_GainLossOnInvestments
Loss before income tax benefit (17,506)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (33,556)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit 789us-gaap_IncomeTaxExpenseBenefit 2,276us-gaap_IncomeTaxExpenseBenefit
Net loss $ (16,717)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (31,280)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted net loss per share (in dollars per share) $ (0.14)us-gaap_EarningsPerShareBasicAndDiluted $ (0.27)us-gaap_EarningsPerShareBasicAndDiluted
Shares used in computing basic and diluted net loss per share 118,948us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 117,128us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted