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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:                      
Revenues $ 870,106 $ 784,535 $ 752,157 $ 640,799 $ 651,634 $ 578,165 $ 544,135 $ 714,718 $ 3,047,597 $ 2,488,652 $ 1,702,177
Costs and expenses:                      
Cost of sales 122,289 111,255 104,382 71,613 84,052 72,874 71,205 46,988 409,539 275,119 210,460
Research and development expenses 437,881 330,510 337,532 310,553 306,664 454,947 289,451 273,563 1,416,476 1,324,625 1,047,690
Sales, general and administrative expenses 153,210 137,295 137,303 129,808 134,794 120,710 127,249 113,326 557,616 496,079 432,829
Restructuring (income) expenses 4 (174) 62 (76) 387 337 3,523 9,999 (184) 14,246 1,262
Intangible asset impairment charges 29,000 0 0 0 0 255,340 0 0 29,000 255,340 0
Total costs and expenses 742,384 578,886 579,279 511,898 525,897 904,208 491,428 443,876 2,412,447 2,365,409 1,692,241
Income from operations 127,722 205,649 172,878 128,901 125,737 (326,043) 52,707 270,842 635,150 123,243 9,936
Interest expense, net (4,773) (8,143) (10,106) (11,097) (12,547) (13,574) (14,664) (16,765) (34,119) (57,550) (81,432)
Other (expense) income, net (90,452) (60,995) 53,819 96,838 (748) (77,553) (2,537) (544) (790) (81,382) 4,130
Income (loss) before (benefit from) provision for income taxes 32,497 136,511 216,591 214,642 112,442 (417,170) 35,506 253,533 600,241 (15,689) (67,366)
(Benefit from) provision for income taxes (1,492,599) 8,055 10,341 (12,659) 10,257 (125,903) 4,337 3,985 (1,486,862) (107,324) 16,665
Net income (loss) 1,525,096 128,456 206,250 227,301 102,185 (291,267) 31,169 249,548 2,087,103 91,635 (84,031)
Loss (income) attributable to noncontrolling interest 25,431 290 1,110 (17,038) (1,501) 188,315 (13,173) (1,792) 9,793 171,849 (28,021)
Net income (loss) attributable to Vertex $ 1,550,527 $ 128,746 $ 207,360 $ 210,263 $ 100,684 $ (102,952) $ 17,996 $ 247,756 $ 2,096,896 $ 263,484 $ (112,052)
Net income (loss):                      
Basic (usd per share) $ 6.08 $ 0.51 $ 0.82 $ 0.83 $ 0.40 $ (0.41) $ 0.07 $ 1.01 $ 8.24 $ 1.06 $ (0.46)
Diluted (usd per share) $ 5.97 $ 0.50 $ 0.80 $ 0.81 $ 0.39 $ (0.41) $ 0.07 $ 0.99 $ 8.09 $ 1.04 $ (0.46)
Shares used in per share calculations:                      
Basic (in shares) 254,868 254,905 254,135 253,231 251,557 250,268 247,521 246,024 254,292 248,858 244,685
Diluted (in shares) 259,812 259,788 258,584 258,526 256,804 250,268 251,635 248,700 259,185 253,225 244,685
Product revenues, net                      
Revenues:                      
Revenues $ 868,173 $ 782,511 $ 749,912 $ 637,729 $ 621,228 $ 549,642 $ 513,988 $ 480,622 $ 3,038,325 $ 2,165,480 $ 1,683,632
Collaborative and royalty revenues                      
Revenues:                      
Revenues $ 1,933 $ 2,024 $ 2,245 $ 3,070 $ 30,406 $ 28,523 $ 30,147 $ 234,096 $ 9,272 $ 323,172 $ 18,545