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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Product revenues, net $ 480,622 $ 394,410
Royalty revenues 1,551 3,596
Collaborative revenues 232,545 74
Total revenues 714,718 398,080
Costs and expenses:    
Cost of product revenues 46,242 49,789
Royalty expenses 746 860
Research and development expenses 273,563 255,860
Sales, general and administrative expenses 113,326 105,214
Restructuring expenses, net 9,999 687
Total costs and expenses 443,876 412,410
Income (loss) from operations 270,842 (14,330)
Interest expense, net (16,765) (20,698)
Other (expenses) income, net (544) 4,411
Income (loss) before provision for income taxes 253,533 (30,617)
Provision for income taxes 3,985 5,485
Net income (loss) 249,548 (36,102)
Income attributable to noncontrolling interest (1,792) (5,529)
Net income (loss) attributable to Vertex $ 247,756 $ (41,631)
Net income (loss):    
Basic (in dollars per share) $ 1.01 $ (0.17)
Diluted (in dollars per share) $ 0.99 $ (0.17)
Shares used in per share calculations:    
Basic (in shares) 246,024 243,831
Diluted (in shares) 248,700 243,831