XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Product revenues, net $ 549,642 $ 409,689 $ 1,544,252 $ 1,229,750
Royalty revenues 2,231 3,835 6,643 12,713
Collaborative revenues 26,292 259 286,123 1,008
Total revenues 578,165 413,783 1,837,018 1,243,471
Costs and expenses:        
Cost of product revenues 72,186 53,222 188,963 147,165
Royalty expenses 688 855 2,104 2,813
Research and development expenses 454,947 272,370 1,017,961 799,238
Sales, general and administrative expenses 120,710 106,055 361,285 322,921
Restructuring expenses, net 337 8 13,859 1,038
Intangible asset impairment charge 255,340 0 255,340 0
Total costs and expenses 904,208 432,510 1,839,512 1,273,175
Loss from operations (326,043) (18,727) (2,494) (29,704)
Interest expense, net (13,574) (20,140) (45,003) (60,993)
Other (expenses) income, net (77,553) (167) (80,634) 3,025
Loss before (benefit from) provision for income taxes (417,170) (39,034) (128,131) (87,672)
(Benefit from) provision for income taxes (125,903) 503 (117,581) 24,118
Net loss (291,267) (39,537) (10,550) (111,790)
Loss (income) attributable to noncontrolling interest 188,315 696 173,350 (33,207)
Net (loss) income attributable to Vertex $ (102,952) $ (38,841) $ 162,800 $ (144,997)
Net (loss) income:        
Basic (in dollars per share) $ (0.41) $ (0.16) $ 0.66 $ (0.59)
Diluted (in dollars per share) $ (0.41) $ (0.16) $ 0.64 $ (0.59)
Shares used in per share calculations:        
Basic (in shares) 250,268 244,920 247,963 244,529
Diluted (in shares) 250,268 244,920 252,095 244,529