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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 529,932 $ 521,516 $ 1,027,789 $ 903,798
Costs and expenses:        
Cost of product revenues (including definite-lived intangible amortization) 29,406 24,856 51,994 42,962
Research and development 289,363 298,089 559,908 601,192
Selling, general and administrative 105,943 108,029 229,926 229,527
Change in fair value of acquisition-related contingent consideration 6,608 7,303 13,279 13,988
Total costs and expenses 431,320 438,277 855,107 887,669
Income from operations 98,612 83,239 172,682 16,129
Other income (expense), net 15,000 5,808 24,373 10,270
Interest expense (316) (398) (651) (783)
Unrealized gain (loss) on long term investments (4,625) (34,641) 16,364 (11,962)
Income before provision for income taxes 108,671 54,008 212,768 13,654
Provision for income taxes 3,353 1,614 5,138 2,400
Net income $ 105,318 $ 52,394 $ 207,630 $ 11,254
Net income per share:        
Basic $ 0.49 $ 0.25 $ 0.97 $ 0.05
Diluted $ 0.48 $ 0.24 $ 0.96 $ 0.05
Shares used in computing net income (loss) per share:        
Basic 214,620 212,210 214,342 211,945
Diluted 217,483 215,103 217,274 215,294
Product revenues, net        
Revenues:        
Total revenues $ 433,897 $ 365,524 $ 830,146 $ 700,029
Product royalty revenues        
Revenues:        
Total revenues 76,035 55,953 137,643 103,669
Other revenues        
Revenues:        
Total revenues   39   100
Milestone revenues        
Revenues:        
Total revenues $ 20,000 $ 100,000 $ 60,000 $ 100,000