XML 49 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Product revenues, net $ 186,653 $ 303,501 $ 708,823 $ 1,052,149
Royalty revenues 27,012 25,586 119,705 98,047
Collaborative revenues 8,035 6,919 32,290 42,852
Total revenues 221,700 336,006 860,818 1,193,048
Costs and expenses:        
Cost of product revenues 20,048 30,680 75,698 161,147
Royalty expenses 7,291 7,856 32,315 31,023
Research and development expenses 228,624 200,161 669,174 593,076
Sales, general and administrative expenses 87,754 97,684 287,154 326,344
Restructuring expense 12,048 696 12,863 1,650
Intangible asset impairment charge 0 0 412,900 0
Total costs and expenses 355,765 337,077 1,490,104 1,113,240
Income (loss) from operations (134,065) (1,071) (629,286) 79,808
Other income (expense), net 4,652 (4,041) (6,578) (11,417)
Income (loss) before provision for (benefit from) income taxes (129,413) (5,112) (635,864) 68,391
Provision for (benefit from) income taxes (751) 21,355 (132,863) 41,450
Net income (loss) (128,662) (26,467) (503,001) 26,941
Net loss (income) attributable to noncontrolling Interest (Alios) 4,530 (31,076) 13,688 (57,825)
Net income (loss) attributable to Vertex $ (124,132) $ (57,543) $ (489,313) $ (30,884)
Net income (loss) per share attributable to Vertex common shareholders:        
Basic (usd per share) $ (0.54) $ (0.27) $ (2.20) $ (0.15)
Diluted (usd per share) $ (0.54) $ (0.27) $ (2.20) $ (0.15)
Shares used in per share calculations:        
Basic (shares) 230,505 213,767 222,764 211,053
Diluted (shares) 230,505 213,767 222,764 211,053