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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenues $ 1,538,271 $ 949,828 $ 4,577,863 $ 2,749,556
Costs and expenses:        
Cost of sales 186,182 131,914 533,199 362,746
Research and development expenses 493,497 555,948 1,362,953 1,274,529
Sales, general and administrative expenses 184,551 159,674 558,613 463,221
Change in fair value of contingent consideration 1,800 2,959 12,600 2,959
Total costs and expenses 866,030 850,495 2,467,365 2,103,455
Income from operations 672,241 99,333 2,110,498 646,101
Interest income 3,100 17,628 19,919 51,319
Interest expense (13,856) (14,548) (41,863) (44,253)
Other income (expense), net 84,386 (31,747) 139,621 64,802
Income before provision for income taxes 745,871 70,666 2,228,175 717,969
Provision for income taxes 78,437 13,148 120,718 124,393
Net income $ 667,434 $ 57,518 $ 2,107,457 $ 593,576
Net income per common share:        
Basic (in dollars per share) $ 2.56 $ 0.22 $ 8.10 $ 2.32
Diluted (in dollars per share) $ 2.53 $ 0.22 $ 7.98 $ 2.28
Shares used in per share calculations:        
Basic (in shares) 260,392 256,946 260,313 256,289
Diluted (in shares) 264,079 260,473 264,031 260,182
Product revenues, net        
Revenues:        
Revenues $ 1,536,271 $ 949,828 $ 4,575,863 $ 2,747,461
Collaborative and royalty revenues        
Revenues:        
Revenues $ 2,000 $ 0 $ 2,000 $ 2,095