CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| REVENUES: | ||||
| Manufacturing and royalty revenues | $ 110,250 | $ 114,072 | $ 353,444 | $ 355,978 |
| Product sales, net | 69,802 | 37,903 | 176,695 | 106,212 |
| Research and development revenue | 189 | 678 | 2,042 | 3,047 |
| Total revenues | 180,241 | 152,653 | 532,181 | 465,237 |
| EXPENSES: | ||||
| Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) | 35,456 | 33,806 | 97,165 | 104,198 |
| Research and development | 99,444 | 92,558 | 297,523 | 250,718 |
| Selling, general and administrative | 91,145 | 89,497 | 276,985 | 224,086 |
| Amortization of acquired intangible assets | 15,323 | 14,207 | 45,636 | 43,479 |
| Total expenses | 241,368 | 230,068 | 717,309 | 622,481 |
| OPERATING LOSS | (61,127) | (77,415) | (185,128) | (157,244) |
| OTHER (EXPENSE) INCOME, NET: | ||||
| Interest income | 912 | 865 | 2,917 | 2,320 |
| Interest expense | (3,375) | (3,325) | (9,993) | (9,928) |
| Change in the fair value of contingent consideration | (1,000) | 1,200 | 3,100 | 2,700 |
| Gain on the Gainesville Transaction | 26 | 9,937 | ||
| Other (expense) income, net | (752) | 629 | (970) | 1,003 |
| Total other (expense) income, net | (4,215) | (605) | (4,946) | 6,032 |
| LOSS BEFORE INCOME TAXES | (65,342) | (78,020) | (190,074) | (151,212) |
| (BENEFIT) PROVISION FOR INCOME TAXES | (2,655) | 2,995 | (2,771) | 6,569 |
| NET LOSS | $ (62,687) | $ (81,015) | $ (187,303) | $ (157,781) |
| LOSS PER COMMON SHARE: | ||||
| Basic and diluted (in dollars per share) | $ (0.41) | $ (0.54) | $ (1.24) | $ (1.06) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||||
| Basic and Diluted (in shares) | 151,652 | 149,512 | 151,261 | 148,828 |
| COMPREHENSIVE LOSS | ||||
| Net loss | $ (62,687) | $ (81,015) | $ (187,303) | $ (157,781) |
| Holding (loss) gains, net of a tax (benefit) provision of $(129), $(5), $445 and $165, respectively | (261) | 14 | 988 | 424 |
| COMPREHENSIVE LOSS | $ (62,948) | $ (81,001) | $ (186,315) | $ (157,357) |