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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 145,537 $ 163,813 $ 278,905 $ 461,026
Expenses:        
Cost of products sold 3,012 1,364 5,561 2,406
Research, development and patent 122,264 106,165 239,214 212,582
Selling, general and administrative 72,015 75,111 147,009 143,332
Total operating expenses 197,291 182,640 391,784 358,320
Income (loss) from operations (51,754) (18,827) (112,879) 102,706
Other income (expense):        
Investment income 9,243 13,735 19,459 25,880
Interest expense (11,173) (11,802) (22,163) (23,402)
Gain on investments 9,625 0 9,887 0
Other income (expenses) (149) (45) (249) (192)
Income (loss) before income tax (expense) benefit (44,208) (16,939) (105,945) 104,992
Income tax (expense) benefit 439 6,927 3,696 (24,119)
Net income (loss) (43,769) (10,012) (102,249) 80,873
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 11,924 9,136 22,178 2,694
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (31,845) $ (876) $ (80,071) $ 83,567
Basic net income (loss) per share (in dollars per share) $ (0.23) $ (0.01) $ (0.58) $ 0.62
Shares used in computing basic net income (loss) per share (in shares) 139,352 140,247 139,391 139,419
Diluted net income (loss) per share (in dollars per share) $ (0.23) $ (0.01) $ (0.58) $ 0.61
Shares used in computing diluted net income (loss) per share (in shares) 139,352 140,247 139,391 142,499
Commercial Revenue [Member]        
Revenue:        
Revenue $ 89,734 $ 88,299 $ 173,696 $ 156,386
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 71,746 70,502 137,754 130,212
Product Sales, Net [Member]        
Revenue:        
Revenue 16,364 9,865 31,523 16,619
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 1,624 7,932 4,419 9,555
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 55,803 $ 75,514 $ 105,209 $ 304,640