XML 42 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Interim Consolidated Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2018
Interim Consolidated Financial Information (Unaudited)  
Interim Consolidated Financial Information (Unaudited)

Note 19. Interim Consolidated Financial Information (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2018 Quarter Ended

 

(in thousands, except per share data)

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

Revenues(1)

 

$

382,282

 

$

521,516

 

$

449,683

 

$

528,402

 

Net income (loss)

 

$

(41,140)

 

$

52,394

 

$

29,176

 

$

69,063

 

Basic net income (loss) per share

 

$

(0.19)

 

$

0.25

 

$

0.14

 

$

0.32

 

Diluted net income (loss) per share

 

$

(0.19)

 

$

0.24

 

$

0.14

 

$

0.32

 

Shares used in computation of basic net income (loss) per share

 

 

211,681

 

 

212,210

 

 

212,627

 

 

213,013

 

Shares used in computation of diluted net income (loss) per share

 

 

211,681

 

 

215,103

 

 

215,964

 

 

216,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017 Quarter Ended

 

(in thousands, except per share data)

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

Revenues(2)

 

$

384,082

 

$

326,444

 

$

381,534

 

$

444,156

 

Net income (loss)

 

$

(187,083)

 

$

(12,484)

 

$

36,054

 

$

(149,629)

 

Basic net income (loss) per share

 

$

(0.96)

 

$

(0.06)

 

$

0.17

 

$

(0.71)

 

Diluted net income (loss) per share

 

$

(0.96)

 

$

(0.06)

 

$

0.17

 

$

(0.71)

 

Shares used in computation of basic net income (loss) per share

 

 

195,260

 

 

205,141

 

 

206,796

 

 

211,125

 

Shares used in computation of diluted net income (loss) per share

 

 

195,260

 

 

205,141

 

 

212,610

 

 

211,125

 


(1)

The quarters ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018 include $334.5 million, $365.5 million, $367.7 million, and $399.2 million, respectively, of product revenues, net, relating to JAKAFI and ICLUSIG. The quarters ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018 include $47.7 million, $56.0 million, $61.9 million and $69.2 million, respectively, of product royalty revenues related to the sale of JAKAVI and OLUMIANT outside the United States. In November 2009 and December 2009, we entered into collaborative research and license agreements with Novartis and Lilly, respectively. The quarters ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018 include $0.0 million, $100.0 million, $20.0 million and $60.0 million, respectively, of milestone and contract revenues relating to these agreements.

(2)

The quarters ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 include $264.8 million, $291.7 million, $322.0 million, and $321.8 million, respectively, of product revenues, net, relating to JAKAFI and ICLUSIG. The quarters ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 include $29.2 million, $34.8 million, $44.5 million and $52.3 million, respectively, of product royalty revenues related to the sale of JAKAVI and OLUMIANT outside the United States. In November 2009 and December 2009, we entered into collaborative research and license agreements with Novartis and Lilly, respectively. The quarters ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 include $90.0 million, $0.0 million, $15.0 million and $70.0 million, respectively, of milestone and contract revenues relating to these agreements.