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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues $ 745,740 $ 581,329 $ 2,106,602 $ 1,773,019
OPERATING EXPENSES:        
Cost of sales 188,457 128,041 444,096 394,132
Research and development 184,901 191,314 573,675 540,523
Selling, general and administrative 253,480 215,768 742,418 632,894
Intangible asset amortization 5,009 15,681 33,606 46,975
Gain on sale of nonfinancial assets 0 0 (10,000) 0
Total operating expenses 631,847 550,804 1,783,795 1,614,524
INCOME FROM OPERATIONS 113,893 30,525 322,807 158,495
Interest income 18,053 15,740 57,203 40,295
Interest expense (2,968) (3,779) (10,089) (11,237)
Other income (expense), net 5,463 (817) 2,203 (18,317)
INCOME BEFORE INCOME TAXES 134,441 41,669 372,124 169,236
Provision for income taxes 28,361 1,291 70,208 21,966
NET INCOME $ 106,080 $ 40,378 $ 301,916 $ 147,270
EARNINGS PER SHARE, BASIC (in dollars per share) $ 0.56 $ 0.21 $ 1.59 $ 0.78
EARNINGS PER SHARE, DILUTED (in dollars per share) $ 0.55 $ 0.21 $ 1.56 $ 0.77
Weighted average common shares outstanding, basic (in shares) 190,429 188,219 189,806 187,617
Weighted average common shares outstanding, diluted (in shares) 197,147 191,173 196,683 195,042
COMPREHENSIVE INCOME $ 83,931 $ 65,252 $ 335,354 $ 157,394
Net product revenues        
REVENUES:        
Total revenues 733,867 568,266 2,073,811 1,739,390
Royalty and other revenues        
REVENUES:        
Total revenues $ 11,873 $ 13,063 $ 32,791 $ 33,629