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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Revenue $ 125,750 $ 145,537 $ 237,357 $ 278,905
Expenses:        
Cost of sales 2,958 3,012 5,537 5,561
Research, development and patent 139,306 122,264 279,107 239,214
Selling, general and administrative 56,455 72,015 117,653 147,009
Total operating expenses 198,719 197,291 402,297 391,784
Loss from operations (72,969) (51,754) (164,940) (112,879)
Other income (expense):        
Investment income 2,734 9,243 7,364 19,459
Interest expense (2,357) (2,441) (4,771) (4,648)
Gain on investments 860 9,625 873 9,887
Loss on early retirement of debt (8,627) 0 (8,627) 0
Other expenses (189) (149) (186) (249)
Loss before income tax (expense) benefit (80,548) (35,476) (170,287) (88,430)
Income tax (expense) benefit (327) (2,084) (457) 988
Net loss (80,875) (37,560) (170,744) (87,442)
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 0 11,924 0 22,178
Net loss attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (80,875) $ (25,636) $ (170,744) $ (65,264)
Basic net loss per share (in dollars per share) $ (0.57) $ (0.18) $ (1.21) $ (0.47)
Diluted net loss per share (in dollars per share) $ (0.57) $ (0.18) $ (1.21) $ (0.47)
Shares used in computing basic net loss per share (in shares) 140,962 139,352 140,866 139,391
Shares used in computing diluted net loss per share (in shares) 140,962 139,352 140,866 139,391
Commercial Revenue [Member]        
Revenue:        
Revenue $ 85,861 $ 89,734 $ 170,309 $ 173,696
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 72,168 71,746 132,154 137,754
TEGSEDI and WAYLIVRA Revenue, Net [Member]        
Revenue:        
Revenue 11,544 16,364 31,382 31,523
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 2,149 1,624 6,773 4,419
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 39,889 $ 55,803 $ 67,048 $ 105,209