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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 949,828 $ 784,535 $ 2,749,556 $ 2,177,491
Costs and expenses:        
Cost of sales 131,914 111,255 362,746 287,250
Research and development expenses 555,948 330,510 1,274,529 978,595
Sales, general and administrative expenses 159,674 137,295 463,221 404,406
Change in fair value of contingent consideration 2,959 0 2,959 0
Restructuring income 0 (174) 0 (188)
Total costs and expenses 850,495 578,886 2,103,455 1,670,063
Income from operations 99,333 205,649 646,101 507,428
Interest income 17,628 10,543 51,319 24,381
Interest expense (14,548) (18,686) (44,253) (53,727)
Other (expense) income, net (31,747) (60,995) 64,802 89,662
Income before provision for income taxes 70,666 136,511 717,969 567,744
Provision for income taxes 13,148 8,055 124,393 5,737
Net income 57,518 128,456 593,576 562,007
Loss (income) attributable to noncontrolling interest 0 290 0 (15,638)
Net income attributable to Vertex $ 57,518 $ 128,746 $ 593,576 $ 546,369
Net income:        
Basic (in dollars per share) $ 0.22 $ 0.51 $ 2.32 $ 2.15
Diluted (in dollars per share) $ 0.22 $ 0.50 $ 2.28 $ 2.11
Shares used in per share calculations:        
Basic (in shares) 256,946 254,905 256,289 254,096
Diluted (in shares) 260,473 259,788 260,182 258,972
Product revenues, net        
Revenues:        
Revenues $ 949,828 $ 782,511 $ 2,747,461 $ 2,170,152
Collaborative and royalty revenues        
Revenues:        
Revenues $ 0 $ 2,024 $ 2,095 $ 7,339