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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Revenue $ 133,367 $ 297,214
Expenses:    
Cost of products sold 2,548 1,041
Research, development and patent 116,952 106,417
Selling, general and administrative 74,994 68,221
Total operating expenses 194,494 175,679
Income (loss) from operations (61,127) 121,535
Other income (expense):    
Investment income 10,479 12,142
Interest expense (10,990) (11,599)
Other expenses (99) (147)
Income (loss) before income tax benefit (expense) (61,737) 121,931
Income tax benefit (expense) 3,257 (31,047)
Net income (loss) (58,480) 90,884
Net (income) loss attributable to noncontrolling interest in Akcea Therapeutics, Inc. 10,254 (6,441)
Net income (loss) attributable to Ionis Pharmaceuticals, Inc. common stockholders $ (48,226) $ 84,443
Basic net income per share (in dollars per share) $ (0.35) $ 0.63
Shares used in computing basic net income (loss) per share (in shares) 139,429 138,582
Diluted net income (loss) per share (in dollars per share) $ (0.35) $ 0.62
Shares used in computing diluted net income (loss) per share (in shares) 139,429 141,537
Commercial Revenue [Member]    
Revenue:    
Revenue $ 83,961 $ 68,088
SPINRAZA Royalties [Member]    
Revenue:    
Revenue 66,008 59,711
Product Sales, Net [Member]    
Revenue:    
Revenue 15,159 6,754
Licensing and Other Royalty Revenue [Member]    
Revenue:    
Revenue 2,794 1,623
Research and Development Revenue Under Collaborative Agreements [Member]    
Revenue:    
Revenue $ 49,406 $ 229,126