XML 26 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenues $ 6,205,683 $ 4,162,821 $ 3,047,597
Costs and expenses:      
Cost of sales 736,300 547,758 409,539
Research and development expenses 1,829,537 1,754,540 1,416,476
Sales, general and administrative expenses 770,456 658,498 557,616
Change in fair value of contingent consideration 13,100 4,459 0
Restructuring income 0 0 (184)
Intangible asset impairment charge 0 0 29,000
Total costs and expenses 3,349,393 2,965,255 2,412,447
Income from operations 2,856,290 1,197,566 635,150
Interest income 22,239 63,678 38,352
Interest expense (58,151) (58,502) (72,471)
Other income (expense), net 296,420 192,177 (790)
Income before provision for (benefit from) income taxes 3,116,798 1,394,919 600,241
Provision for (benefit from) income taxes 405,151 218,109 (1,486,862)
Net income 2,711,647 1,176,810 2,087,103
Loss attributable to noncontrolling interest 0 0 9,793
Net income attributable to Vertex $ 2,711,647 $ 1,176,810 $ 2,096,896
Net income:      
Basic ( in usd per share) $ 10.44 $ 4.58 $ 8.24
Diluted (in usd per share) $ 10.29 $ 4.51 $ 8.09
Shares used in per share calculations:      
Basic (in shares) 259,841 256,728 254,292
Diluted (in shares) 263,396 260,673 259,185
Product revenues, net      
Revenues:      
Revenues $ 6,202,783 $ 4,160,726 $ 3,038,325
Collaborative and royalty revenues      
Revenues:      
Revenues $ 2,900 $ 2,095 $ 9,272