XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Total revenues $ 712,029 $ 595,275 $ 1,360,862 $ 1,191,690
OPERATING EXPENSES:        
Cost of sales 130,459 130,619 255,639 266,091
Research and development 183,787 177,363 388,774 349,209
Selling, general and administrative 263,032 206,103 488,938 417,126
Intangible asset amortization 14,299 15,624 28,597 31,294
Gain on sale of nonfinancial assets 0 0 (10,000) 0
Total operating expenses 591,577 529,709 1,151,948 1,063,720
INCOME FROM OPERATIONS 120,452 65,566 208,914 127,970
Interest income 19,785 12,612 39,150 24,555
Interest expense (3,574) (3,755) (7,121) (7,458)
Other expense, net (4,527) (3,613) (3,260) (17,500)
INCOME BEFORE INCOME TAXES 132,136 70,810 237,683 127,567
Provision for income taxes 24,962 14,770 41,847 20,675
NET INCOME $ 107,174 $ 56,040 $ 195,836 $ 106,892
EARNINGS PER SHARE, BASIC (in dollars per share) $ 0.56 $ 0.30 $ 1.03 $ 0.57
EARNINGS PER SHARE, DILUTED (in dollars per share) $ 0.55 $ 0.29 $ 1.01 $ 0.56
Weighted average common shares outstanding, basic (in shares) 190,114 187,948 189,490 187,311
Weighted average common shares outstanding, diluted (in shares) 200,505 194,998 200,137 194,756
COMPREHENSIVE INCOME $ 135,019 $ 48,145 $ 251,423 $ 92,142
Net product revenues        
REVENUES:        
Total revenues 702,129 584,698 1,339,944 1,171,124
Royalty and other revenues        
REVENUES:        
Total revenues $ 9,900 $ 10,577 $ 20,918 $ 20,566