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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Product revenues, net $ 303,501 $ 419,595 $ 1,052,149 $ 494,130
Royalty revenues 25,586 8,539 98,047 24,610
Collaborative revenues 6,919 231,066 42,852 328,546
Total revenues 336,006 659,200 1,193,048 847,286
Costs and expenses:        
Cost of product revenues (Note H) 30,680 35,285 161,147 40,689
Royalty expenses 7,856 3,121 31,023 9,689
Research and development expenses 200,161 189,052 593,076 521,268
Sales, general and administrative expenses 97,684 110,654 326,344 278,840
Restructuring expense (credit) 696 (419) 1,650 1,082
Intangible asset impairment charge   105,800   105,800
Total costs and expenses 337,077 443,493 1,113,240 957,368
Income (loss) from operations (1,071) 215,707 79,808 (110,082)
Interest income 519 77 1,443 1,681
Interest expense (4,560) (7,059) (12,860) (26,022)
Change in fair value of derivative instruments   (8,115)   (15,933)
Income (loss) before provision for income taxes (5,112) 200,610 68,391 (150,356)
Provision for (benefit from) income taxes 21,355 (27,842) 41,450 (3,394)
Net income (loss) (26,467) 228,452 26,941 (146,962)
Net loss (income) attributable to noncontrolling interest (Alios) (31,076) (7,342) (57,825) 17,907
Net income (loss) attributable to Vertex $ (57,543) $ 221,110 $ (30,884) $ (129,055)
Net income (loss) per share attributable to Vertex common shareholders:        
Basic (in dollars per share) $ (0.27) $ 1.06 $ (0.15) $ (0.63)
Diluted (in dollars per share) $ (0.27) $ 1.02 $ (0.15) $ (0.63)
Shares used in per share calculations:        
Basic (in shares) 213,767 206,002 211,053 204,262
Diluted (in shares) 213,767 219,349 211,053 204,262