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Interim Consolidated Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Interim Consolidated Financial Information (Unaudited)  
Schedule of Interim Consolidated Financial Information

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2015 Quarter Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

Revenues(1)

 

$

159,275

 

$

162,984

 

$

187,611

 

$

243,881

 

Net income (loss)

 

$

(18,359)

 

$

9,294

 

$

(39,582)

 

$

55,178

 

Basic net income (loss) per share

 

$

(0.11)

 

$

0.05

 

$

(0.22)

 

$

0.30

 

Diluted net income (loss) per share

 

$

(0.11)

 

$

0.05

 

$

(0.22)

 

$

0.29

 

Shares used in computation of basic net income (loss) per share

 

 

172,070

 

 

178,676

 

 

181,387

 

 

186,269

 

Shares used in computation of diluted net income (loss) per share

 

 

172,070

 

 

186,493

 

 

181,387

 

 

193,367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2014 Quarter Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

Revenues(2)

 

$

89,792

 

$

99,582

 

$

198,147

 

$

123,973

 

Net income (loss)

 

$

(33,957)

 

$

(36,873)

 

$

59,293

 

$

(36,944)

 

Basic net income (loss) per share

 

$

(0.21)

 

$

(0.22)

 

$

0.35

 

$

(0.22)

 

Diluted net income (loss) per share

 

$

(0.21)

 

$

(0.22)

 

$

0.33

 

$

(0.22)

 

Shares used in computation of basic net income (loss) per share

 

 

165,357

 

 

167,914

 

 

168,592

 

 

169,924

 

Shares used in computation of diluted net income (loss) per share

 

 

165,357

 

 

167,914

 

 

189,046

 

 

169,924

 


(1)

The quarters ended March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 include $115.3 million, $142.4 million, $161.3 million and $182.0 million, respectively of product revenues, net, relating to JAKAFI. The quarters ended March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 include $15.7 million, $17.4 million, $18.1 million and $23.6 million, respectively of product royalty revenues related to the sale of JAKAVI outside the United States. In November 2009 and December 2009, we entered into collaborative research and license agreements with Novartis and Lilly, respectively. The quarters ended March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 include $28.2 million, $3.2 million, $8.2 million and $38.2 million, respectively of contract revenues relating to these agreements.

(2)

The quarters ended March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014 include $69.7 million, $84.0 million, $97.8 million and $106.0 million, respectively of product revenues, net, relating to JAKAFI. The quarters ended March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014 include $9.8 million, $12.3 million, $12.1 million and $14.7 million, respectively of product royalty revenues related to the sale of JAKAVI outside the United States. In November 2009 and December 2009, we entered into collaborative research and license agreements with Novartis and Lilly, respectively. The quarters ended March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014 include $10.2 million, $3.2 million, $88.2 million and $3.2 million, respectively of contract revenues relating to these agreements.