XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Product revenues, net $ 513,988 $ 425,651 $ 994,610 $ 820,061
Royalty revenues 2,861 5,282 4,412 8,878
Collaborative revenues 27,286 675 259,831 749
Total revenues 544,135 431,608 1,258,853 829,688
Costs and expenses:        
Cost of product revenues 70,535 44,154 116,777 93,943
Royalty expenses 670 1,098 1,416 1,958
Research and development expenses 289,451 271,008 563,014 526,868
Sales, general and administrative expenses 127,249 111,652 240,575 216,866
Restructuring expenses, net 3,523 343 13,522 1,030
Total costs and expenses 491,428 428,255 935,304 840,665
Income (loss) from operations 52,707 3,353 323,549 (10,977)
Interest expense, net (14,664) (20,155) (31,429) (40,853)
Other (expenses) income, net (2,537) (1,219) (3,081) 3,192
Income (loss) before provision for income taxes 35,506 (18,021) 289,039 (48,638)
Provision for income taxes 4,337 18,130 8,322 23,615
Net income (loss) 31,169 (36,151) 280,717 (72,253)
Income attributable to noncontrolling interest (13,173) (28,374) (14,965) (33,903)
Net income (loss) attributable to Vertex $ 17,996 $ (64,525) $ 265,752 $ (106,156)
Net income (loss):        
Basic (in dollars per share) $ 0.07 $ (0.26) $ 1.08 $ (0.43)
Diluted (in dollars per share) $ 0.07 $ (0.26) $ 1.06 $ (0.43)
Shares used in per share calculations:        
Basic (in shares) 247,521 244,482 246,782 244,124
Diluted (in shares) 251,635 244,482 250,199 244,124