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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:                      
Product revenues, net $ 621,228 $ 549,642 $ 513,988 $ 480,622 $ 453,882 $ 409,689 $ 425,651 $ 394,410 $ 2,165,480 $ 1,683,632 $ 1,000,324
Royalty revenues 1,345 2,231 2,861 1,551 3,887 3,835 5,282 3,596 7,988 16,600 23,959
Collaborative revenues 29,061 26,292 27,286 232,545 937 259 675 74 315,184 1,945 8,053
Total revenues 651,634 578,165 544,135 714,718 458,706 413,783 431,608 398,080 2,488,652 1,702,177 1,032,336
Costs and expenses:                      
Cost of product revenues 83,712 72,186 70,535 46,242 59,646 53,222 44,154 49,789 272,675 206,811 117,151
Royalty expenses 340 688 670 746 836 855 1,098 860 2,444 3,649 7,361
Research and development expenses 306,664 454,947 289,451 273,563 248,452 272,370 271,008 255,860 1,324,625 1,047,690 995,922
Sales, general and administrative expenses 134,794 120,710 127,249 113,326 109,908 106,055 111,652 105,214 496,079 432,829 376,575
Restructuring expenses 387 337 3,523 9,999 224 8 343 687 14,246 1,262 2,206
Intangible asset impairment charge 0 255,340 0 0         255,340 0 0
Total costs and expenses 525,897 904,208 491,428 443,876 419,066 432,510 428,255 412,410 2,365,409 1,692,241 1,499,215
Income (loss) from operations 125,737 (326,043) 52,707 270,842 39,640 (18,727) 3,353 (14,330) 123,243 9,936 (466,879)
Interest expense, net (12,547) (13,574) (14,664) (16,765) (20,439) (20,140) (20,155) (20,698) (57,550) (81,432) (84,206)
Other (expense) income, net (748) (77,553) (2,537) (544) 1,105 (167) (1,219) 4,411 (81,382) 4,130 (6,715)
Loss before (benefit from) provision for income taxes 112,442 (417,170) 35,506 253,533 20,306 (39,034) (18,021) (30,617) (15,689) (67,366) (557,800)
(Benefit from) provision for income taxes 10,257 (125,903) 4,337 3,985 (7,453) 503 18,130 5,485 (107,324) 16,665 30,381
Net income (loss) 102,185 (291,267) 31,169 249,548 27,759 (39,537) (36,151) (36,102) 91,635 (84,031) (588,181)
Loss (income) attributable to noncontrolling interest (1,501) 188,315 (13,173) (1,792) 5,186 696 (28,374) (5,529) 171,849 (28,021) 31,847
Net income (loss) attributable to Vertex $ 100,684 $ (102,952) $ 17,996 $ 247,756 $ 32,945 $ (38,841) $ (64,525) $ (41,631) $ 263,484 $ (112,052) $ (556,334)
Net income (loss):                      
Basic (usd per share) $ 0.40 $ (0.41) $ 0.07 $ 1.01 $ 0.13 $ (0.16) $ (0.26) $ (0.17) $ 1.06 $ (0.46) $ (2.31)
Diluted (usd per share) $ 0.39 $ (0.41) $ 0.07 $ 0.99 $ 0.13 $ (0.16) $ (0.26) $ (0.17) $ 1.04 $ (0.46) $ (2.31)
Shares used in per share calculations:                      
Basic (in shares) 251,557 250,268 247,521 246,024 245,454 244,920 244,482 243,831 248,858 244,685 241,312
Diluted (in shares) 256,804 250,268 251,635 248,700 247,757 244,920 244,482 243,831 253,225 244,685 241,312