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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Product revenues, net$ 419,595 $ 494,130 
Royalty revenues8,5398,17324,61021,842
Collaborative revenues231,06615,622328,54656,004
Total revenues659,20023,795847,28677,846
Costs and expenses:    
Cost of product revenues35,285 40,689 
Royalty expenses3,1213,2289,6899,681
Research and development expenses189,052170,434521,268468,528
Sales, general and administrative expenses110,65448,855278,840125,322
Restructuring expense (credit)(419)8661,0823,758
Intangible asset impairment charge105,800 105,800 
Total costs and expenses443,493223,383957,368607,289
Income (loss) from operations215,707(199,588)(110,082)(529,443)
Interest income774931,6811,432
Interest expense(7,059)(3,951)(26,022)(11,589)
Change in fair value of derivative instruments(8,115)(5,911)(15,933)(34,634)
Income (loss) before provision for (benefit from) income taxes200,610(208,957)(150,356)(574,234)
Provision for (benefit from) income taxes(27,842) (3,394) 
Net income (loss)228,452(208,957)(146,962)(574,234)
Net income (loss) attributable to noncontrolling interest (Alios)7,342 (17,907) 
Net income (loss) attributable to Vertex common shareholders$ 221,110$ (208,957)$ (129,055)$ (574,234)
Net income (loss) per share attributable to Vertex common shareholders:    
Basic (in dollars per share)$ 1.06$ (1.04)$ (0.63)$ (2.87)
Diluted (in dollars per share)$ 1.02$ (1.04)$ (0.63)$ (2.87)
Shares used in per share calculations:    
Basic (in shares)206,002200,887204,262200,080
Diluted (in shares)219,349200,887204,262200,080