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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

The Company’s significant segment expenses are as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2024

 

 

2023

 

 

2022

 

REVENUES:

 

 

 

 

 

 

 

 

 

Total revenue

 

$

1,557,632

 

 

$

1,663,405

 

 

$

1,111,795

 

EXPENSES:

 

 

 

 

 

 

 

 

 

Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below)

 

 

245,331

 

 

 

253,037

 

 

 

218,068

 

External R&D expenses:

 

 

 

 

 

 

 

 

 

Development programs:

 

 

 

 

 

 

 

 

 

ALKS 2680

 

 

45,947

 

 

 

31,321

 

 

 

15,715

 

LYBALVI

 

 

18,737

 

 

 

15,379

 

 

 

23,056

 

Other external R&D expenses

 

 

36,627

 

 

 

51,668

 

 

 

57,423

 

Total external R&D expenses

 

 

101,311

 

 

 

98,368

 

 

 

96,194

 

Internal R&D expenses:

 

 

 

 

 

 

 

 

 

Employee-related

 

 

114,496

 

 

 

128,282

 

 

 

129,735

 

Occupancy

 

 

11,206

 

 

 

12,299

 

 

 

12,449

 

Depreciation

 

 

5,701

 

 

 

9,578

 

 

 

10,708

 

Other internal R&D expenses

 

 

12,612

 

 

 

22,279

 

 

 

23,616

 

Total internal R&D expenses

 

 

144,015

 

 

 

172,438

 

 

 

176,508

 

R&D expenses

 

 

245,326

 

 

 

270,806

 

 

 

272,702

 

Selling, general and administrative expenses:

 

 

 

 

 

 

 

 

 

Selling and marketing expense

 

 

446,214

 

 

 

490,154

 

 

 

392,211

 

General and administrative expense

 

 

199,024

 

 

 

199,597

 

 

 

198,540

 

Total selling, general and administrative expense

 

 

645,238

 

 

 

689,751

 

 

 

590,751

 

Other segment (expenses) income (1)

 

 

(49,599

)

 

 

69,346

 

 

 

(63,426

)

NET INCOME (LOSS) FROM CONTINUING OPERATIONS

 

 

372,138

 

 

 

519,157

 

 

 

(33,152

)

LOSS ON DISCONTINUED OPERATIONS, NET OF TAX

 

 

(5,068

)

 

 

(163,400

)

 

 

(125,115

)

NET INCOME (LOSS)

 

$

367,070

 

 

$

355,757

 

 

$

(158,267

)

 

(1)
“Other segment (expenses) income” during the years ended December 31, 2024, 2023 and 2022 includes “Amortization of acquired intangible assets”, “Other income (loss), net” and “Income tax provision (benefit)”.