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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 637,178 $ 469,848 $ 1,062,404 $ 878,636
Operating expenses:        
Cost of goods sold 17,667 17,705 38,923 32,020
Research and development 211,147 232,570 438,836 466,816
Selling, general and administrative 132,015 141,723 245,999 273,120
Restructuring 475 0 33,310 0
Total operating expenses 361,304 391,998 757,068 771,956
Income from operations 275,874 77,850 305,336 106,680
Interest income 17,258 22,541 37,152 42,043
Other expense, net (287) (5) (376) (59)
Income before income taxes 292,845 100,386 342,112 148,664
Provision for income taxes 66,729 19,208 78,679 27,458
Net income $ 226,116 $ 81,178 $ 263,433 $ 121,206
Net income per share:        
Basic (in dollars per share) $ 0.78 $ 0.25 $ 0.89 $ 0.37
Diluted (in dollars per share) $ 0.77 $ 0.25 $ 0.88 $ 0.37
Weighted-average common shares outstanding:        
Basic (in shares) 289,216 324,205 294,986 324,312
Diluted (in shares) 293,974 327,305 299,752 326,792
Net product revenues        
Revenues:        
Total revenues $ 437,581 $ 409,646 $ 816,104 $ 773,046
License revenues        
Revenues:        
Total revenues 194,986 52,747 239,662 91,039
Collaboration services revenues        
Revenues:        
Total revenues $ 4,611 $ 7,455 $ 6,638 $ 14,551