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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenues $ 784,535 $ 578,165 $ 2,177,491 $ 1,837,018
Costs and expenses:        
Cost of sales 111,255 72,874 287,250 191,067
Research and development expenses 330,510 454,947 978,595 1,017,961
Sales, general and administrative expenses 137,295 120,710 404,406 361,285
Restructuring (income) expenses (174) 337 (188) 13,859
Intangible asset impairment charge 0 255,340 0 255,340
Total costs and expenses 578,886 904,208 1,670,063 1,839,512
Income (loss) from operations 205,649 (326,043) 507,428 (2,494)
Interest expense, net (8,143) (13,574) (29,346) (45,003)
Other (expense) income, net (60,995) (77,553) 89,662 (80,634)
Income (loss) before provision for (benefit from) income taxes 136,511 (417,170) 567,744 (128,131)
Provision for (benefit from) income taxes 8,055 (125,903) 5,737 (117,581)
Net income (loss) 128,456 (291,267) 562,007 (10,550)
Loss (income) attributable to noncontrolling interest 290 188,315 (15,638) 173,350
Net income (loss) attributable to Vertex $ 128,746 $ (102,952) $ 546,369 $ 162,800
Net income (loss):        
Basic (in dollars per share) $ 0.51 $ (0.41) $ 2.15 $ 0.66
Diluted (in dollars per share) $ 0.50 $ (0.41) $ 2.11 $ 0.64
Shares used in per share calculations:        
Basic (in shares) 254,905 250,268 254,096 247,963
Diluted (in shares) 259,788 250,268 258,972 252,095
Product revenues, net        
Revenues:        
Revenues $ 782,511 $ 549,642 $ 2,170,152 $ 1,544,252
Royalty revenues        
Revenues:        
Revenues 1,238 2,231 3,679 6,643
Collaborative revenues        
Revenues:        
Revenues $ 786 $ 26,292 $ 3,660 $ 286,123