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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
Revenue:      
Revenue $ 729,264 $ 1,122,599 $ 599,674
Expenses:      
Cost of products sold 11,947 4,384 1,820
Research, development and patent 535,077 465,688 414,604
Selling, general and administrative 354,322 286,644 244,622
Total operating expenses 901,346 756,716 661,046
Income (loss) from operations (172,082) 365,883 (61,372)
Other income (expense):      
Investment income 30,562 52,013 30,397
Interest expense (44,990) (48,768) (44,789)
Gain (loss) on investments 16,540 192 (210)
Loss on early retirement of debt 0 (21,865) 0
Other expenses (62) (686) (182)
Income (loss) before income tax benefit (expense) (170,032) 346,769 (76,156)
Income tax benefit (expense) (316,734) (43,507) 291,141
Net income (loss) (486,766) 303,262 214,985
Net (income) loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 35,480 (9,116) 58,756
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (451,286) $ 294,146 $ 273,741
Basic net income (loss) per share (in dollars per share) $ (3.23) $ 2.12 $ 2.09
Shares used in computing basic net income (loss) per share (in shares) 139,612 139,998 132,320
Diluted net income (loss) per share (in dollars per share) $ (3.23) $ 2.08 $ 2.07
Shares used in computing diluted net income (loss) per share (in shares) 139,612 142,872 134,056
Commercial Revenue [Member]      
Revenue:      
Revenue $ 364,699 $ 352,450 $ 254,922
SPINRAZA Royalties [Member]      
Revenue:      
Revenue 286,583 292,992 237,930
Product Sales, Net [Member]      
Revenue:      
Revenue 69,999 42,253 2,237
Licensing and Other Royalty Revenue [Member]      
Revenue:      
Revenue 8,117 17,205 14,755
Research and Development Revenue Under Collaborative Agreements [Member]      
Revenue:      
Revenue $ 364,565 $ 770,149 $ 344,752