XML 56 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations And Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 237.1 $ 138.4
Operating expenses:    
Cost of sales 2.1 1.1
Research and development 58.3 37.7
Acquired in-process research and development   113.1
Selling, general and administrative 117.8 87.5
Total operating expenses 178.2 239.4
Operating income (loss) 58.9 (101.0)
Other (expense) income:    
Interest expense (8.2) (7.9)
Unrealized losses (gains) on equity securities (16.5) 1.7
Investment income and other, net 4.7 4.6
Total other expense, net (20.0) (1.6)
Income (loss) before provision for (benefit from) income taxes 38.9 (102.6)
Provision for (benefit from) income taxes 1.5 (0.5)
Net income (loss) 37.4 (102.1)
Unrealized (loss) gain on debt securities available-for-sale, net of tax (2.8) 1.7
Comprehensive income (loss) $ 34.6 $ (100.4)
Net income (loss) per share, basic $ 0.40 $ (1.12)
Net income (loss) per share, diluted $ 0.39 $ (1.12)
Weighted average common shares outstanding, basic 92.6 91.1
Weighted average common shares outstanding, diluted 97.0 91.1
Product sales, net    
Revenues:    
Revenues $ 231.1 $ 136.4
Collaboration revenue    
Revenues:    
Revenues $ 6.0 $ 2.0