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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 3,394,635 $ 2,986,267 $ 2,666,702
Costs and expenses:      
Cost of product revenues (including definite-lived intangible amortization) 206,997 150,991 131,328
Research and development 1,585,936 1,458,179 2,215,942
Selling, general and administrative 1,002,140 739,560 516,922
Loss on change in fair value of acquisition-related contingent consideration 12,149 14,741 23,385
(Profit) and loss sharing under collaboration agreements 7,973 37,019 42,801
Total costs and expenses 2,815,195 2,400,490 2,930,378
Income (loss) from operations 579,440 585,777 (263,676)
Other income (expense), net 39,932 10,647 23,206
Interest expense (2,666) (1,908) (2,174)
Unrealized (loss) gain on long term investments (87,590) (24,072) 10,426
Income (loss) before provision (benefit) for income taxes 529,116 570,444 (232,218)
Provision (benefit) for income taxes 188,456 (378,137) 63,479
Net income (loss) $ 340,660 $ 948,581 $ (295,697)
Net income (loss) per share:      
Basic (in dollars per share) $ 1.53 $ 4.30 $ (1.36)
Diluted (in dollars per share) $ 1.52 $ 4.27 $ (1.36)
Shares used in computing net income (loss) per share:      
Weighted average common shares outstanding (in shares) 222,004 220,428 218,073
Diluted (in shares) 223,958 222,074 218,073
Product revenues, net      
Revenues:      
Total revenues $ 2,746,897 $ 2,322,012 $ 2,068,736
Product royalty revenues      
Revenues:      
Total revenues 482,738 569,255 392,966
Milestone and contract revenues      
Revenues:      
Total revenues $ 165,000 $ 95,000 $ 205,000