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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 733,235 $ 604,718
Costs and expenses:    
Cost of product revenues (including definite-lived intangible amortization) 42,614 29,220
Research and development 353,373 306,896
Selling, general and administrative 209,584 153,795
Change in fair value of acquisition-related contingent consideration 6,382 5,526
Collaboration loss sharing 4,742 10,484
Total costs and expenses 616,695 505,921
Income from operations 116,540 98,797
Other income (expense), net 1,260 (1,407)
Interest expense (680) (359)
Unrealized loss on long term investments (46,585) (27,709)
Income before provision for income taxes 70,535 69,322
Provision for income taxes 32,543 15,787
Net income $ 37,992 $ 53,535
Net income per share:    
Basic $ 0.17 $ 0.24
Diluted $ 0.17 $ 0.24
Shares used in computing net income per share:    
Basic 221,326 219,801
Diluted 222,950 221,867
Product revenues, net    
Revenues:    
Total revenues $ 605,821 $ 504,811
Product royalty revenues    
Revenues:    
Total revenues 122,414 $ 99,907
Milestone and contract revenues    
Revenues:    
Total revenues $ 5,000