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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Revenues $ 858,435 $ 640,799
Costs and expenses:    
Cost of sales 95,092 71,613
Research and development expenses 339,490 310,553
Sales, general and administrative expenses 147,045 129,808
Restructuring income 0 (76)
Total costs and expenses 581,627 511,898
Income from operations 276,808 128,901
Interest income 15,615 5,789
Interest expense (14,868) (16,886)
Other income, net 42,610 96,838
Income before provision for (benefit from) income taxes 320,165 214,642
Provision for (benefit from) income taxes 51,534 (12,659)
Net income 268,631 227,301
Income attributable to noncontrolling interest 0 (17,038)
Net income attributable to Vertex $ 268,631 $ 210,263
Net income:    
Basic (in dollars per share) $ 1.05 $ 0.83
Diluted (in dollars per share) $ 1.03 $ 0.81
Shares used in per share calculations:    
Basic (in shares) 255,695 253,231
Diluted (in shares) 260,175 258,526
Product revenues, net    
Revenues:    
Revenues $ 857,253 $ 637,729
Collaborative and royalty revenues    
Revenues:    
Revenues $ 1,182 $ 3,070