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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Product revenues, net $ 637,729 $ 480,622
Royalty revenues 1,356 1,551
Collaborative revenues 1,714 232,545
Total revenues 640,799 714,718
Costs and expenses:    
Cost of sales 71,613 46,988
Research and development expenses 310,553 273,563
Sales, general and administrative expenses 129,808 113,326
Restructuring (income) expenses (76) 9,999
Total costs and expenses 511,898 443,876
Income from operations 128,901 270,842
Interest expense, net (11,097) (16,765)
Other income (expense), net 96,838 (544)
Income before (benefit from) provision for income taxes 214,642 253,533
(Benefit from) provision for income taxes (12,659) 3,985
Net income 227,301 249,548
Income attributable to noncontrolling interest (17,038) (1,792)
Net income attributable to Vertex $ 210,263 $ 247,756
Net income:    
Basic (in dollars per share) $ 0.83 $ 1.01
Diluted (in dollars per share) $ 0.81 $ 0.99
Shares used in per share calculations:    
Basic (in shares) 253,231 246,024
Diluted (in shares) 258,526 248,700