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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 568,507 $ 497,857
Costs and expenses:    
Cost of product revenues (including definite-lived intangible amortization) 27,319 22,588
Research and development 1,085,287 270,545
Selling, general and administrative 111,148 123,983
Change in fair value of acquisition-related contingent consideration 6,627 6,671
Collaboration loss sharing 2,130  
Total costs and expenses 1,232,511 423,787
Income (loss) from operations (664,004) 74,070
Other income (expense), net 8,662 9,373
Interest expense (602) (335)
Unrealized gain (loss) on long term investments (48,132) 20,989
Income (loss) before provision for income taxes (704,076) 104,097
Provision for income taxes 16,566 1,785
Net (loss) income $ (720,642) $ 102,312
Net income (loss) per share:    
Basic $ (3.33) $ 0.48
Diluted $ (3.33) $ 0.47
Shares used in computing net income (loss) per share:    
Basic 216,721 214,065
Diluted 216,721 217,061
Product revenues, net    
Revenues:    
Total revenues $ 486,727 $ 396,249
Product royalty revenues    
Revenues:    
Total revenues $ 81,780 61,608
Milestone and contract revenues    
Revenues:    
Total revenues   $ 40,000