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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenues $ 752,157 $ 544,135 $ 1,392,956 $ 1,258,853
Costs and expenses:        
Cost of sales 104,382 71,205 175,995 118,193
Research and development expenses 337,532 289,451 648,085 563,014
Sales, general and administrative expenses 137,303 127,249 267,111 240,575
Restructuring expenses (income) 62 3,523 (14) 13,522
Total costs and expenses 579,279 491,428 1,091,177 935,304
Income from operations 172,878 52,707 301,779 323,549
Interest expense, net (10,106) (14,664) (21,203) (31,429)
Other income (expense), net 53,819 (2,537) 150,657 (3,081)
Income before provision for (benefit from) income taxes 216,591 35,506 431,233 289,039
Provision for (benefit from) income taxes 10,341 4,337 (2,318) 8,322
Net income 206,250 31,169 433,551 280,717
Loss (income) attributable to noncontrolling interest 1,110 (13,173) (15,928) (14,965)
Net income attributable to Vertex $ 207,360 $ 17,996 $ 417,623 $ 265,752
Net income:        
Basic (in dollars per share) $ 0.82 $ 0.07 $ 1.65 $ 1.08
Diluted (in dollars per share) $ 0.80 $ 0.07 $ 1.61 $ 1.06
Shares used in per share calculations:        
Basic (in shares) 254,135 247,521 253,685 246,782
Diluted (in shares) 258,584 251,635 258,557 250,199
Product revenues, net        
Revenues:        
Revenues $ 749,912 $ 513,988 $ 1,387,641 $ 994,610
Royalty revenues        
Revenues:        
Revenues 1,085 2,861 2,441 4,412
Collaborative revenues        
Revenues:        
Revenues $ 1,160 $ 27,286 $ 2,874 $ 259,831