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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 2,666,702 $ 2,158,759 $ 1,881,883
Costs and expenses:      
Cost of product revenues (including definite-lived intangible amortization) 131,328 114,249 94,123
Research and development 2,215,942 1,154,111 1,197,957
Selling, general and administrative 516,922 468,711 434,407
Change in fair value of acquisition-related contingent consideration 23,385 19,682 26,173
Collaboration loss sharing 42,801    
Total costs and expenses 2,930,378 1,756,753 1,752,660
Income (loss) from operations (263,676) 402,006 129,223
Other income (expense), net 23,206 52,182 31,760
Interest expense (2,174) (1,855) (1,543)
Unrealized gain (loss) on long term investments 10,426 34,458 (44,093)
Income (loss) before provision for income taxes (232,218) 486,791 115,347
Provision for income taxes 63,479 39,885 5,854
Net (loss) income $ (295,697) $ 446,906 $ 109,493
Net income (loss) per share:      
Basic $ (1.36) $ 2.08 $ 0.52
Diluted $ (1.36) $ 2.05 $ 0.51
Shares used in computing net income (loss) per share:      
Basic 218,073 214,913 212,383
Diluted 218,073 217,657 215,635
Product revenues, net      
Revenues:      
Total revenues $ 2,068,736 $ 1,774,922 $ 1,466,900
Product royalty revenues      
Revenues:      
Total revenues 392,966 306,337 234,780
Milestone and contract revenues      
Revenues:      
Total revenues $ 205,000 $ 77,500 180,000
Other revenues      
Revenues:      
Total revenues     $ 203