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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Revenue $ 1,122,599 $ 599,674 $ 514,179
Expenses:      
Cost of products sold 4,384 1,820 0
Research, development and patent 465,688 414,604 374,644
Selling, general and administrative 286,644 244,622 108,488
Total operating expenses 756,716 661,046 483,132
Income (loss) from operations 365,883 (61,372) 31,047
Other income (expense):      
Investment income 52,205 30,187 8,179
Interest expense (48,768) (44,789) (44,752)
Loss on extinguishment of financing liability for leased facility 0 0 (7,689)
Loss on early retirement of debt (21,865) 0 0
Other expenses (686) (182) (3,548)
Income (loss) before income tax benefit (expense) 346,769 (76,156) (16,763)
Income tax benefit (expense) (43,507) 291,141 5,980
Net income (loss) 303,262 214,985 (10,783)
Net (income) loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. (9,116) 58,756 11,129
Net income attributable to Ionis Pharmaceuticals, Inc. common stockholders $ 294,146 $ 273,741 $ 346
Basic net income per share (in dollars per share) $ 2.12 $ 2.09 $ 0.15
Shares used in computing basic net income per share (in shares) 139,998 132,320 124,016
Diluted net income per share (in dollars per share) $ 2.08 $ 2.07 $ 0.15
Shares used in computing diluted net income per share (in shares) 142,872 134,056 126,098
Commercial Revenue [Member]      
Revenue:      
Revenue $ 352,450 $ 254,922 $ 120,014
SPINRAZA Royalties [Member]      
Revenue:      
Revenue 292,992 237,930 112,540
Product Sales, Net [Member]      
Revenue:      
Revenue 42,253 2,237 0
Licensing and Other Royalty Revenue [Member]      
Revenue:      
Revenue 17,205 14,755 7,474
Research and Development Revenue Under Collaborative Agreements [Member]      
Revenue:      
Revenue $ 770,149 $ 344,752 $ 394,165