XML 33 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Revenue $ 787,647 $ 587,367 $ 810,456
Expenses:      
Cost of sales 9,133 14,116 10,842
Research, development and patent 899,625 833,147 643,453
Selling, general and administrative 232,619 150,295 186,347
Total operating expenses 1,141,377 997,558 840,642
Loss from operations (353,730) (410,191) (30,186)
Other income (expense):      
Investment income 89,041 25,331 10,044
Interest expense (12,660) (8,122) (9,349)
Interest expense related to sale of future royalties (68,797) 0 0
Gain (loss) on investments (1,914) (7,333) 10,103
Gain (loss) on sale of real estate assets (161) 149,604 0
Other income (expense) 14,256 (7,274) (9,760)
Loss before income tax benefit (expense) (333,965) (257,985) (29,148)
Income tax benefit (expense) (32,321) (11,737) 551
Net loss $ (366,286) $ (269,722) $ (28,597)
Basic net loss per share (in dollars per share) $ (2.56) $ (1.9) $ (0.2)
Shares used in computing basic net loss per share (in shares) 143,190 141,848 141,021
Diluted net loss per share (in dollars per share) $ (2.56) $ (1.9) $ (0.2)
Shares used in computing diluted net loss per share (in shares) 143,190 141,848 141,021
Commercial Revenue [Member]      
Revenue:      
Revenue $ 308,591 $ 303,358 $ 342,395
SPINRAZA Royalties [Member]      
Revenue:      
Revenue 240,379 242,314 267,776
Other Commercial Revenue [Member]      
Revenue:      
Revenue 68,212 61,044 74,619
Research and Development Revenue [Member]      
Revenue:      
Revenue 479,056 284,009 468,061
Collaborative Agreement Revenue [Member]      
Revenue:      
Revenue 352,657 207,222 468,061
WAINUA Joint Development Revenue [Member]      
Revenue:      
Revenue $ 126,399 $ 76,787 $ 0