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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 133,093 $ 160,079 $ 370,450 $ 438,983
Expenses:        
Cost of sales 3,079 3,086 8,616 8,646
Research, development and patent 184,770 125,083 463,878 364,298
Selling, general and administrative 31,093 68,447 148,747 215,455
Total operating expenses 218,942 196,616 621,241 588,399
Loss from operations (85,849) (36,537) (250,791) (149,416)
Other income (expense):        
Investment income 872 6,454 8,236 25,913
Interest expense (2,340) (2,428) (7,111) (7,076)
Gain on investments 4,013 835 4,885 10,722
Loss on early retirement of debt 0 0 (8,627) 0
Other income (expenses) (469) 126 (656) (122)
Loss before income tax benefit (expense) (83,773) (31,550) (254,064) (119,979)
Income tax benefit (expense) 1,307 (5,064) 854 (4,077)
Net loss (82,466) (36,614) (253,210) (124,056)
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 0 12,147 0 34,325
Net loss attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (82,466) $ (24,467) $ (253,210) $ (89,731)
Basic net loss per share (in dollars per share) $ (0.58) $ (0.18) $ (1.80) $ (0.64)
Diluted net loss per share (in dollars per share) $ (0.58) $ (0.18) $ (1.80) $ (0.64)
Shares used in computing basic net loss per share (in shares) 141,139 139,708 140,958 139,497
Shares used in computing diluted net loss per share (in shares) 141,139 139,708 140,958 139,497
Commercial Revenue [Member]        
Revenue:        
Revenue $ 84,820 $ 95,340 $ 255,129 $ 269,035
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 66,572 74,171 198,726 211,925
TEGSEDI and WAYLIVRA Revenue, Net [Member]        
Revenue:        
Revenue 15,519 19,040 46,901 50,562
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 2,729 2,129 9,502 6,548
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 48,273 $ 64,739 $ 115,321 $ 169,948