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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 941,293 $ 752,157 $ 1,799,728 $ 1,392,956
Costs and expenses:        
Cost of sales 135,740 104,382 230,832 175,995
Research and development expenses 379,091 337,532 718,581 648,085
Sales, general and administrative expenses 156,502 137,303 303,547 267,111
Restructuring expense (income) 0 62 0 (14)
Total costs and expenses 671,333 579,279 1,252,960 1,091,177
Income from operations 269,960 172,878 546,768 301,779
Interest income 18,076 8,049 33,691 13,838
Interest expense (14,837) (18,155) (29,705) (35,041)
Other income, net 53,939 53,819 96,549 150,657
Income before provision for (benefit from) income taxes 327,138 216,591 647,303 431,233
Provision for (benefit from) income taxes 59,711 10,341 111,245 (2,318)
Net income 267,427 206,250 536,058 433,551
Loss (income) attributable to noncontrolling interest 0 1,110 0 (15,928)
Net income attributable to Vertex $ 267,427 $ 207,360 $ 536,058 $ 417,623
Net income:        
Basic (in dollars per share) $ 1.04 $ 0.82 $ 2.09 $ 1.65
Diluted (in dollars per share) $ 1.03 $ 0.80 $ 2.06 $ 1.61
Shares used in per share calculations:        
Basic (in shares) 256,154 254,135 255,941 253,685
Diluted (in shares) 259,822 258,584 260,015 258,557
Product revenues, net        
Revenues:        
Revenues $ 940,380 $ 749,912 $ 1,797,633 $ 1,387,641
Collaborative and royalty revenues        
Revenues:        
Revenues $ 913 $ 2,245 $ 2,095 $ 5,315