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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 659,825 $ 318,754 $ 1,154,158 $ 638,044
Operating costs and expenses:        
Cost of goods sold 67,271 75,336 121,884 116,768
Cost of collaborations and royalties 1,401 10,034 12,764 23,471
Research and development 294,142 248,526 555,137 479,095
Selling, general and administrative 248,397 214,689 459,194 398,348
Total operating costs and expenses 611,211 548,585 1,148,979 1,017,682
Income (loss) from operations 48,614 (229,831) 5,179 (379,638)
Other (expense) income:        
Interest expense (33,258) (30,035) (68,511) (58,990)
Interest income 29,182 21,075 58,827 39,730
Other expense, net (55,705) (35,418) (70,249) (47,673)
Total other expense, net (59,781) (44,378) (79,933) (66,933)
Loss before income taxes (11,167) (274,209) (74,754) (446,571)
Provision for income taxes (5,722) (1,815) (8,070) (3,554)
Net loss $ (16,889) $ (276,024) $ (82,824) $ (450,125)
Net loss per common share - basic (in dollars per share) $ (0.13) $ (2.21) $ (0.66) $ (3.62)
Net loss per common share - diluted (in dollars per share) $ (0.13) $ (2.21) $ (0.66) $ (3.62)
Weighted-average common shares - basic (in shares) 126,733 124,659 126,435 124,387
Weighted-average common shares - diluted (in shares) 126,733 124,659 126,435 124,387
Statements of Comprehensive Loss        
Net loss $ (16,889) $ (276,024) $ (82,824) $ (450,125)
Other comprehensive (loss) income:        
Unrealized (loss) gain on marketable securities (727) (2,025) (4,295) 2,100
Foreign currency translation (loss) gain (6,952) 4,073 (7,030) 5,483
Defined benefit pension plans, net of tax 30 (4) 63 (9)
Total other comprehensive (loss) income (7,649) 2,044 (11,262) 7,574
Comprehensive loss (24,538) (273,980) (94,086) (442,551)
Net product revenues        
Revenues:        
Total revenues 410,088 305,705 775,251 582,033
Net revenues from collaborations        
Revenues:        
Total revenues 227,338 5,844 345,886 42,306
Royalty revenue        
Revenues:        
Total revenues $ 22,399 $ 7,205 $ 33,021 $ 13,705