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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Revenue $ 163,813 $ 117,747 $ 461,026 $ 262,165
Expenses:        
Cost of products sold 1,364 0 2,406 0
Research, development and patent 106,165 101,830 212,582 205,897
Selling, general and administrative 75,111 66,198 143,332 109,851
Total operating expenses 182,640 168,028 358,320 315,748
Income (loss) from operations (18,827) (50,281) 102,706 (53,583)
Other income (expense):        
Investment income 13,735 5,137 25,880 8,748
Interest expense (11,802) (11,113) (23,402) (22,051)
Other income (expenses) (45) 45 (192) (123)
Income (loss) before income tax (expense) benefit (16,939) (56,212) 104,992 (67,009)
Income tax (expense) benefit 6,927 (358) (24,119) (372)
Net income (loss) (10,012) (56,570) 80,873 (67,381)
Net loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 9,136 16,215 2,694 25,606
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (876) $ (40,355) $ 83,567 $ (41,775)
Basic net income (loss) per share (in dollars per share) $ (0.01) $ (0.29) $ 0.62 $ (0.30)
Shares used in computing basic net income (loss) per share (in shares) 140,247 128,712 139,419 127,030
Diluted net income (loss) per share (in dollars per share) $ (0.01) $ (0.29) $ 0.61 $ (0.30)
Shares used in computing diluted net income (loss) per share (in shares) 140,247 128,712 142,499 127,030
Commercial Revenue [Member]        
Revenue:        
Revenue $ 88,299 $ 57,198 $ 156,386 $ 99,221
SPINRAZA Royalties [Member]        
Revenue:        
Revenue 70,502 56,653 130,212 97,734
TEGSEDI Product Sales, Net [Member]        
Revenue:        
Revenue 9,865 0 16,619 0
Licensing and Other Royalty Revenue [Member]        
Revenue:        
Revenue 7,932 545 9,555 1,487
Research and Development Revenue Under Collaborative Agreements [Member]        
Revenue:        
Revenue $ 75,514 $ 60,549 $ 304,640 $ 162,944