Revenues

12 Months Ended

Dec. 31, 2019

Revenues

Revenues

Note 2. Revenues

Revenues for the year ended December 31, 2017 were recognized under ASC 605 when (i) persuasive evidence of an arrangement existed, (ii) delivery occurred or services were rendered, (iii) the price was fixed or determinable and (iv) collectability was reasonably assured. Revenues were deferred for fees received before earned or until no further obligations existed. We exercised judgment in determining that collectability was reasonably assured or that services were delivered in accordance with the arrangement. We assessed whether the fee was fixed or determinable based on the payment terms associated with the transaction and whether the sales price was subject to refund or adjustment. Revenues for the years ended December 31, 2019 and 2018 were recognized under ASC 606 as discussed in Note 1.

The following table presents our disaggregated revenue for the periods presented (in thousands):

	For the Years Ended,
	December 31,
	2019		2018		2017
JAKAFI revenues, net	$	1,684,968	$	1,386,964	$	1,133,392
ICLUSIG revenues, net		89,954		79,936		66,920
Total product revenues, net		1,774,922		1,466,900		1,200,312
JAKAVI product royalty revenues		225,913		194,694		151,684
OLUMIANT product royalty revenues		80,424		40,086		9,107
Total product royalty revenues		306,337		234,780		160,791
Milestone and contract revenues		77,500		180,000		175,000
Other revenues		—		203		113
Total revenues	$	2,158,759	$	1,881,883	$	1,536,216

For further information on our revenue-generating contracts, refer to our license agreements footnote.