Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 43,484 $ 56,157
Operating costs and expenses:    
Cost of material sales 3,858 788
Amortization of intangibles 3,503 3,278
Research and development 11,289 7,407
General and administrative 11,088 7,643
Total operating costs and expenses 29,738 19,116
Gain from sale of Promacta license 812,797 0
Income from operations 826,543 37,041
Other income (expense):    
Gain from Viking 17,293 21,097
Interest income 5,909 875
Interest expense (8,906) (3,480)
Other expense, net 1,874 (221)
Total other income, net 16,170 18,271
Income before income taxes 842,713 55,312
Income tax expense (176,376) (10,033)
Net income $ 666,337 $ 45,279
Earnings Per Share, Basic and Diluted:    
Basic net income per share (USD per share) $ 32.59 $ 2.13
Shares used in basic per share calculations (shares) 20,447 21,209
Diluted net income per share (USD per share) $ 31.32 $ 1.83
Shares used in diluted per share calculations (shares) 21,277 24,800
Royalties    
Revenues:    
Total revenues $ 19,538 $ 20,820
Material sales    
Revenues:    
Total revenues 8,959 4,391
License fees, milestones and other revenues    
Revenues:    
Total revenues $ 14,987 $ 30,946