XML 23 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Product sales $ 341,750 $ 114,219 $ 58,302
Royalties 985 1,821 45,003
License and other revenue   31,515 12,796
Non-cash PDL royalty revenue   242,808 18,104
Total revenues 342,735 390,363 134,205
Costs and expenses:      
Cost of sales (excluding amortization of intangible assets) 67,898 15,146 7,091
Research and development expense 17,541 7,116 8,073
Acquired in-process research and development 54,900    
Selling, general and administrative expense 199,352 121,126 105,176
Amortization of intangible assets 83,344 10,161 4,548
Non-cash gain on settlement agreement (29,900)    
Total costs and expenses 393,135 153,549 124,888
Income (loss) from operations (50,400) 236,814 9,317
Other (expense) income:      
Interest and other income 599 215 662
Interest expense (73,436) (9,275) (911)
Non-cash interest expense on PDL liability   (14,646) (4,488)
Total other (expense) income (72,837) (23,706) (4,737)
Net income (loss) before income taxes (123,237) 213,108 4,580
(Provision for) benefit from income taxes 47,499 (81,346) 38,733
Net income (loss) $ (75,738) $ 131,762 $ 43,313
Basic net income (loss) per share (in dollars per share) $ (1.26) $ 2.26 $ 0.76
Diluted net income (loss) per share (in dollars per share) $ (1.26) $ 2.05 $ 0.75
Shares used in computing basic net income (loss) per share (in shares) 60,116,530 58,292,633 56,736,009
Shares used in computing diluted net income (loss) per share (in shares) 60,116,530 66,307,364 57,543,979