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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Total revenues $ 745,145 $ 648,833
OPERATING EXPENSES:    
Cost of sales 151,558 125,180
Research and development 158,731 204,987
Selling, general and administrative 206,116 225,906
Intangible asset amortization 4,847 14,298
Gain on sale of nonfinancial assets 0 (10,000)
Total operating expenses 521,252 560,371
INCOME FROM OPERATIONS 223,893 88,462
Interest income 19,013 19,365
Interest expense (2,863) (3,547)
Other income (expense), net (1,954) 1,267
INCOME BEFORE INCOME TAXES 238,089 105,547
Provision for income taxes 52,403 16,885
NET INCOME $ 185,686 $ 88,662
EARNINGS PER SHARE, BASIC (in dollars per share) $ 0.97 $ 0.47
EARNINGS PER SHARE, DILUTED (in dollars per share) $ 0.95 $ 0.46
Weighted average common shares outstanding, basic (in shares) 190,967 188,866
Weighted average common shares outstanding, diluted (in shares) 196,474 199,262
COMPREHENSIVE INCOME $ 143,184 $ 116,404
Net product revenues    
REVENUES:    
Total revenues 734,644 637,815
Royalty and other revenues    
REVENUES:    
Total revenues $ 10,501 $ 11,018