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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue $ 23,315 $ 1,087,717 $ 51,537 $ 1,125,735
Operating costs and expenses:        
Cost of goods sold 5,018 5,522 10,458 12,168
Research and development 106,686 88,334 225,149 187,758
General and administrative 22,581 20,261 47,587 38,948
Total operating costs and expenses 134,285 114,117 283,194 238,874
Income (loss) from operations (110,970) 973,600 (231,657) 886,861
Non-operating income (expense):        
Interest expense (5,231) (5,385) (10,457) (10,725)
Non-cash interest expense on liability related to sale of future royalties (5,975) (4,975) (12,040) (9,994)
Interest income and other income (expense), net 11,989 12,105 24,472 13,676
Total non-operating income (expense), net 783 1,745 1,975 (7,043)
Income (loss) before provision for income taxes (110,187) 975,345 (229,682) 879,818
Provision (benefit) for income taxes (278) 3,885 (1,261) 4,150
Net income (loss) $ (109,909) $ 971,460 $ (228,421) $ 875,668
Net income (loss) per share        
Basic (in dollars per share) $ (0.63) $ 5.67 $ (1.31) $ 5.27
Diluted (in dollars per share) $ (0.63) $ 5.33 $ (1.31) $ 4.91
Weighted average shares outstanding used in computing net income (loss) per share        
Basic (in shares) 174,549 171,378 174,206 166,160
Diluted (in shares) 174,549 182,291 174,206 178,281
Product sales        
Revenue:        
Total revenue $ 4,346 $ 5,863 $ 8,744 $ 12,158
Royalty revenue        
Revenue:        
Total revenue 7,343 8,563 18,733 19,639
Non-cash royalty revenue related to sale of future royalties        
Revenue:        
Total revenue 9,091 9,045 17,321 15,965
License, collaboration and other revenue        
Revenue:        
Total revenue $ 2,535 $ 1,064,246 $ 6,739 $ 1,077,973