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v3.8.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenue: |  |  |  |
Product sales | $ 4,448 | $ 14,698 | $ 24,897 | $ 41,664
Royalty revenue | 9,302 | 5,573 | 23,953 | 13,150
Non-cash royalty revenue related to sale of future royalties | 8,066 | 7,692 | 21,367 | 22,341
License, collaboration and other revenue | 131,112 | 8,373 | 142,028 | 50,829
Total revenue | 152,928 | 36,336 | 212,245 | 127,984
Operating costs and expenses: |  |  |  |
Cost of goods sold | 5,674 | 7,033 | 20,794 | 23,611
Research and development | 65,714 | 51,951 | 187,032 | 153,569
General and administrative | 12,055 | 10,253 | 40,027 | 31,515
Total operating costs and expenses | 83,443 | 69,237 | 247,853 | 208,695
Income (loss) from operations | 69,485 | (32,901) | (35,608) | (80,711)
Non-operating income (expense): |  |  |  |
Interest expense | (5,540) | (5,614) | (16,452) | (16,918)
Non-cash interest expense on liability related to sale of future royalties | (4,471) | (4,902) | (13,535) | (14,929)
Interest income and other income (expense), net | 1,599 | 332 | 3,163 | 1,666
Total non-operating expense, net | (8,412) | (10,184) | (26,824) | (30,181)
Income (loss) before provision for income taxes | 61,073 | (43,085) | (62,432) | (110,892)
Provision for income taxes | 202 | 139 | 434 | 433
Net income (loss) | $ 60,871 | $ (43,224) | $ (62,866) | $ (111,325)
Net income (loss) per share: |  |  |  |
Basic | $ 0.39 | $ (0.32) | $ (0.41) | $ (0.82)
Diluted | $ 0.37 | $ (0.32) | $ (0.41) | $ (0.82)
Weighted average shares outstanding used in computing net income (loss) per share: |  |  |  |
Basic | 156,411 | 137,094 | 155,153 | 136,415
Diluted | 162,641 | 137,094 | 155,153 | 136,415

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