XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 688,043 $ 529,932 $ 1,256,550 $ 1,027,789
Costs and expenses:        
Cost of product revenues (including definite-lived intangible amortization) 33,364 29,406 60,683 51,994
Research and development 286,601 289,363 1,371,888 559,908
Selling, general and administrative 117,998 105,943 229,146 229,926
Change in fair value of acquisition-related contingent consideration 6,054 6,608 12,681 13,279
Collaboration loss sharing 13,253   15,383  
Total costs and expenses 457,270 431,320 1,689,781 855,107
Income (loss) from operations 230,773 98,612 (433,231) 172,682
Other income (expense), net 4,817 15,000 13,479 24,373
Interest expense (600) (316) (1,202) (651)
Unrealized gain (loss) on long term investments 72,274 (4,625) 24,142 16,364
Income (loss) before provision for income taxes 307,264 108,671 (396,812) 212,768
Provision for income taxes 16,966 3,353 33,532 5,138
Net (loss) income $ 290,298 $ 105,318 $ (430,344) $ 207,630
Net income (loss) per share:        
Basic $ 1.33 $ 0.49 $ (1.98) $ 0.97
Diluted $ 1.32 $ 0.48 $ (1.98) $ 0.96
Shares used in computing net income (loss) per share:        
Basic 217,549 214,620 217,135 214,342
Diluted 220,434 217,483 217,135 217,274
Product revenues, net        
Revenues:        
Total revenues $ 500,290 $ 433,897 $ 987,017 $ 830,146
Product royalty revenues        
Revenues:        
Total revenues 92,753 76,035 174,533 137,643
Milestone revenues        
Revenues:        
Total revenues $ 95,000 $ 20,000 $ 95,000 $ 60,000