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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 167,892 $ 145,395 $ 628,918 $ 407,559
Expenses:        
Cost of products sold 967 0 3,373 0
Research, development and patent 104,366 95,255 316,948 301,153
Selling, general and administrative 60,036 68,712 203,368 178,563
Total operating expenses 165,369 163,967 523,689 479,716
Income (loss) from operations 2,523 (18,572) 105,229 (72,157)
Other income (expense):        
Investment income 13,136 9,963 39,015 18,711
Interest expense (12,002) (11,282) (35,404) (33,332)
Other income (expenses) (140) (22) (332) (145)
Income (loss) before income tax (expense) benefit 3,517 (19,913) 108,508 (86,923)
Income tax (expense) benefit 14,915 (452) (9,204) (824)
Net income (loss) 18,432 (20,365) 99,304 (87,747)
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 7,732 15,806 10,426 41,412
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ 26,163 $ (4,559) $ 109,730 $ (46,335)
Basic net income (loss) per share (in dollars per share) $ 0.19 $ (0.03) $ 0.81 $ (0.33)
Shares used in computing basic net income (loss) per share (in shares) 140,551 137,346 139,800 130,507
Diluted net income (loss) per share (in dollars per share) $ 0.18 $ (0.03) $ 0.79 $ (0.33)
Shares used in computing diluted net income (loss) per share (in shares) 143,408 137,346 142,821 130,507
Commercial Revenue [Member]        
Revenue:        
Revenue $ 95,699 $ 82,756 $ 252,085 $ 181,975
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 81,672 70,010 211,884 167,743
Product Sales, Net [Member]        
Revenue:        
Revenue 11,945 0 28,563 0
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 2,082 12,746 11,638 14,232
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 72,193 $ 62,639 $ 376,833 $ 225,584