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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Revenue $ 599,674 $ 514,179 $ 372,776
Expenses:      
Cost of products sold 1,820 0 0
Research, development and patent 414,604 374,644 344,320
Selling, general and administrative 244,622 108,488 48,616
Total operating expenses 661,046 483,132 392,936
Income (loss) from operations (61,372) 31,047 (20,160)
Other income (expense):      
Investment income 30,187 8,179 5,472
Interest expense (44,789) (44,752) (38,795)
Loss on extinguishment of financing liability for leased facility 0 (7,689) 0
Loss on early retirement of debt 0 0 (3,983)
Other expenses (182) (3,548) 0
Loss before income tax benefit (expense) (76,156) (16,763) (57,466)
Income tax benefit (expense) 291,141 5,980 (2,934)
Net income (loss) 214,985 (10,783) (60,400)
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 58,756 11,129 0
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ 273,741 $ 346 $ (60,400)
Basic net income (loss) per share (in dollars per share) $ 2.09 $ 0.15 $ (0.50)
Shares used in computing basic net income (loss) per share (in shares) 132,320 124,016 120,933
Diluted net income (loss) per share (in dollars per share) $ 2.07 $ 0.15 $ (0.50)
Shares used in computing diluted net income (loss) per share (in shares) 134,056 126,098 120,933
Commercial Revenue [Member]      
Revenue:      
Revenue $ 254,922 $ 120,014 $ 22,767
SPINRAZA Royalties [Member]      
Revenue:      
Revenue 237,930 112,540 883
TEGSEDI Product Sales, Net [Member]      
Revenue:      
Revenue 2,237 0 0
Licensing and Other Royalty Revenue [Member]      
Revenue:      
Revenue 14,755 7,474 21,884
Research and Development Revenue Under Collaborative Agreements [Member]      
Revenue:      
Revenue $ 344,752 $ 394,165 $ 350,009