XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Revenue $ 133,791 $ 125,750 $ 275,710 $ 237,357
Expenses:        
Cost of sales 4,745 2,958 8,914 5,537
Research, development and patent 180,758 139,306 341,884 279,107
Selling, general and administrative 33,802 56,455 67,929 117,653
Total operating expenses 219,305 198,719 418,727 402,297
Loss from operations (85,514) (72,969) (143,017) (164,940)
Other income (expense):        
Investment income 3,403 2,734 5,396 7,364
Interest expense (2,130) (2,357) (4,252) (4,771)
Gain (loss) on investments (6,337) 860 (12,963) 873
Other expense (12,297) (8,816) (12,110) (8,813)
Loss before income tax expense (102,875) (80,548) (166,946) (170,287)
Income tax expense (2,260) (327) (3,354) (457)
Net loss $ (105,135) $ (80,875) $ (170,300) $ (170,744)
Basic net loss per share (in dollars per share) $ (0.74) $ (0.57) $ (1.20) $ (1.21)
Diluted net loss per share (in dollars per share) $ (0.74) $ (0.57) $ (1.20) $ (1.21)
Shares used in computing basic net loss per share (in shares) 141,794 140,962 141,697 140,866
Shares used in computing diluted net loss per share (in shares) 141,794 140,962 141,697 140,866
Commercial Revenue [Member]        
Revenue:        
Revenue $ 78,184 $ 85,861 $ 150,468 $ 170,309
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 59,627 72,168 113,444 132,154
TEGSEDI and WAYLIVRA Revenue, Net [Member]        
Revenue:        
Revenue 10,386 11,544 16,547 31,382
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 8,171 2,149 20,477 6,773
Research and Development Revenue [Member]        
Revenue:        
Revenue 55,607 39,889 125,242 67,048
Collaborative Agreement Revenue [Member]        
Revenue:        
Revenue 38,247 39,889 88,032 67,048
Eplontersen Joint Development Revenue [Member]        
Revenue:        
Revenue $ 17,360 $ 0 $ 37,210 $ 0