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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 160,079 $ 167,892 $ 438,983 $ 628,918
Expenses:        
Cost of products sold 3,086 967 8,646 3,373
Research, development and patent 125,083 104,366 364,298 316,948
Selling, general and administrative 68,447 60,036 215,455 203,368
Total operating expenses 196,616 165,369 588,399 523,689
Income (loss) from operations (36,537) 2,523 (149,416) 105,229
Other income (expense):        
Investment income 6,454 13,136 25,913 39,015
Interest expense (11,321) (12,002) (33,484) (35,404)
Gain on investments 835 0 10,722 0
Other income (expenses) 126 (140) (122) (332)
Income (loss) before income tax (expense) benefit (40,443) 3,517 (146,387) 108,508
Income tax (expense) benefit (2,648) 14,915 1,047 (9,204)
Net income (loss) (43,091) 18,432 (145,340) 99,304
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 12,147 7,731 34,325 10,426
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (30,944) $ 26,163 $ (111,015) $ 109,730
Basic net income (loss) per share (in dollars per share) $ (0.22) $ 0.19 $ (0.80) $ 0.81
Shares used in computing basic net income (loss) per share (in shares) 139,708 140,551 139,497 139,800
Diluted net income (loss) per share (in dollars per share) $ (0.22) $ 0.18 $ (0.80) $ 0.79
Shares used in computing diluted net income (loss) per share (in shares) 139,708 143,408 139,497 142,821
Commercial Revenue [Member]        
Revenue:        
Revenue $ 95,340 $ 95,699 $ 269,035 $ 252,085
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 74,171 81,672 211,925 211,884
Product Sales, Net [Member]        
Revenue:        
Revenue 19,040 11,945 50,562 28,563
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 2,129 2,082 6,548 11,638
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 64,739 $ 72,193 $ 169,948 $ 376,833