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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net product sales $ 798,524 $ 665,791 $ 2,251,495 $ 1,902,107
Other revenue 582 846 1,765 1,073
Total revenues 799,106 666,637 2,253,260 1,903,180
Cost of sales 71,095 54,057 190,708 175,463
Operating expenses:        
Research and development 195,687 165,664 551,288 518,437
Selling, general and administrative 230,128 212,520 694,491 621,019
Amortization of purchased intangible assets 82,036 36,608 242,185 36,608
Change in fair value of contingent consideration 40,290 29,684 30,676 45,707
Acquisition-related costs 0 6,075 2,313 35,852
Restructuring expenses 564 7,461 1,741 30,737
Total operating expenses 548,705 458,012 1,522,694 1,288,360
Operating income 179,306 154,568 539,858 439,357
Other income and expense:        
Investment income 4,626 1,967 8,049 7,077
Interest expense (24,807) (19,971) (72,490) (24,593)
Foreign currency (loss) gain (1,011) 2,795 (3,740) 1,755
Income before income taxes 158,114 139,359 471,677 423,596
Income tax provision 63,776 323,116 165,113 345,815
Net income (loss) $ 94,338 $ (183,757) $ 306,564 $ 77,781
Earnings (loss) per common share        
Basic $ 0.42 $ (0.81) $ 1.37 $ 0.37
Diluted $ 0.42 $ (0.81) $ 1.35 $ 0.37
Shares used in computing earnings per common share        
Basic 224,180 226,228 224,454 209,373
Diluted 226,088 226,228 226,560 211,808