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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Revenue $ 810,456 $ 729,264 $ 1,122,599
Expenses:      
Cost of sales 10,842 11,947 4,384
Research, development and patent 643,453 535,077 465,688
Selling, general and administrative 186,347 354,322 286,644
Total operating expenses 840,642 901,346 756,716
Income (loss) from operations (30,186) (172,082) 365,883
Other income (expense):      
Investment income 10,044 30,562 52,013
Interest expense (9,349) (9,510) (12,440)
Gain on investments 10,103 16,540 192
Loss on early retirement of debt (8,627) 0 (66,196)
Other expenses (1,133) (62) (686)
Income (loss) before income tax benefit (expense) (29,148) (134,552) 338,766
Income tax benefit (expense) 551 (345,191) (51,507)
Net income (loss) (28,597) (479,743) 287,259
Net (income) loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 0 35,480 (9,116)
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (28,597) $ (444,263) $ 278,143
Basic net income (loss) per share (in dollars per share) $ (0.20) $ (3.18) $ 2.00
Shares used in computing basic net income (loss) per share (in shares) 141,021 139,612 139,998
Diluted net income (loss) per share (in dollars per share) $ (0.20) $ (3.18) $ 1.90
Shares used in computing diluted net income (loss) per share (in shares) 141,021 139,612 153,164
Commercial Revenue [Member]      
Revenue:      
Revenue $ 342,395 $ 364,699 $ 352,450
SPINRAZA Royalties [Member]      
Revenue:      
Revenue 267,776 286,583 292,992
TEGSEDI and WAYLIVRA Revenue, Net [Member]      
Revenue:      
Revenue 55,500 69,999 42,253
Licensing and Other Royalty Revenue [Member]      
Revenue:      
Revenue 19,119 8,117 17,205
Research and Development Revenue Under Collaborative Agreements [Member]      
Revenue:      
Revenue $ 468,061 $ 364,565 $ 770,149