XML 87 R66.htm IDEA: XBRL DOCUMENT v3.25.4
Stockholders’ Equity - Narrative (Details) - USD ($)
1 Months Ended 7 Months Ended 12 Months Ended
Mar. 31, 2025
Feb. 28, 2025
Feb. 29, 2024
Apr. 30, 2023
Sep. 30, 2025
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Oct. 31, 2025
Aug. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of shares earned (in shares)       1,000,000            
Repurchases of common stock (in shares)           30,200,000        
Repurchases of common stock           $ 1,159,700,000        
Stock repurchase program, remaining authorized repurchase amount           590,200,000        
August 2024 Repurchase Program                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Stock repurchase program, authorized amount                   $ 500,000,000.0
February 2025 Repurchase Program                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Stock repurchase program, authorized amount   $ 500,000,000.0                
October 2025 Repurchase Program                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Stock repurchase program, authorized amount                 $ 750,000,000.0  
Exelixis 401(k) Plan                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Expenses relating to stock match           $ 12,800,000 $ 15,000,000.0 $ 13,900,000    
Minimum                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of months following change in control in which an employee was terminated           3 months        
Maximum                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of months following change in control in which an employee was terminated           15 months        
Stock options                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Expiration period           7 years        
Total unrecognized compensation expense           $ 900,000        
Unrecognized compensation expense weighted-average period for recognition           1 year 3 months 18 days        
Intrinsic value of options exercised           $ 45,900,000 16,700,000 16,700,000    
Cash received from option exercises and purchases under the ESPP           $ 36,100,000 $ 49,600,000 $ 20,800,000    
Stock options | Share-based Payment Arrangement, Employee                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Award vesting period           4 years        
Stock options | Share-based Payment Arrangement, Nonemployee                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Award vesting period           1 year        
Restricted stock units                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Total unrecognized compensation expense           $ 299,900,000        
Unrecognized compensation expense weighted-average period for recognition           2 years 10 months 24 days        
Number of awards granted (in shares)           11,751,000        
Restricted stock units | Share-based Payment Arrangement, Employee                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Award vesting period           4 years        
Restricted stock units | Share-based Payment Arrangement, Nonemployee                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Award vesting period           1 year        
Employee stock purchase plan                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of shares available for grant (in shares)           6,600,000        
Discount rate from market value on purchase date (as a percent)           85.00%        
Discount rate from market value on offering date (as a percent)           85.00%        
Purchase period           6 months        
Common stock issued (in shares)           400,000 700,000 900,000    
Average price per share (in dollars per share)           $ 29.51 $ 18.23 $ 14.56    
Proceeds from employee stock purchase plan           $ 13,100,000 $ 12,100,000 $ 12,700,000    
TSR-Based Restricted Stock Units                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of awards granted (in shares)   1,000,000.0 1,300,000 800,000            
Maximum potential to vest   175.00% 175.00% 175.00%            
TSR-Based Restricted Stock Units | Share-based Payment Arrangement, Tranche One                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Vesting award percentage   50.00% 50.00%     50.00%        
TSR-Based Restricted Stock Units | Share-based Payment Arrangement, Tranche Two                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Award vesting period   1 year 1 year              
Stock Price Target-Based Restricted Stock Units                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of awards granted (in shares)         7,200,000          
Target price (in dollars per share) $ 60                  
Performance stock units                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of awards granted (in shares)           0        
Amended and Restated 2017 Equity Incentive Plan                    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                    
Number of shares available for grant (in shares)           15,800,000        
Reduction in share reserve after stock option or stock appreciation award (in shares)           1        
Reduction in share reserve after all other awards (in shares)           2