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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Commercial Revenue:    
SPINRAZA royalties $ 5,211 $ 0
Licensing and other royalty revenue 3,547 1,660
Total commercial revenue 8,758 1,660
Research and development revenue under collaborative agreements 101,546 35,214
Total revenue 110,304 36,874
Expenses:    
Research, development and patent 82,638 80,964
Selling, general and administrative 13,677 10,562
Total operating expenses 96,315 91,526
Income (loss) from operations 13,989 (54,652)
Other income (expense):    
Investment income 2,280 1,457
Interest expense (11,363) (9,490)
Other expense (1,438) 0
Income (loss) before income tax expense 3,468 (62,685)
Income tax expense 0 (232)
Net income (loss) $ 3,468 $ (62,917)
Basic net income (loss) per share (in dollars per share) $ 0.03 $ (0.52)
Shares used in computing basic net income (loss) per share (in shares) 122,861 120,598
Diluted net income (loss) per share (in dollars per share) $ 0.03 $ (0.52)
Shares used in computing diluted net income (loss) per share (in shares) 124,972 120,598