Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 24,987 $ 90,043 $ 68,471 $ 146,200
Operating costs and expenses:        
Cost of material sales 2,405 1,134 6,263 1,922
Amortization of intangibles 3,505 3,305 7,008 6,584
Research and development 12,213 6,135 23,502 13,540
General and administrative 10,994 9,294 22,082 16,938
Total operating costs and expenses 29,117 19,868 58,855 38,984
Gain from sale of Promacta license 0 0 812,797 0
Income (loss) from operations (4,130) 70,175 822,413 107,216
Other income (expense):        
Gain (loss) from Viking (12,365) 39,963 4,928 61,808
Interest income 9,285 2,762 15,194 3,637
Interest expense (9,012) (13,454) (17,918) (16,933)
Other income (expense), net (1,806) (3,867) 68 (4,835)
Total other income (loss), net (13,898) 25,404 2,272 43,677
Income (loss) before income taxes (18,028) 95,579 824,685 150,893
Income tax benefit (expense) 3,609 (22,419) (172,767) (32,452)
Net income (loss) $ (14,419) $ 73,160 $ 651,918 $ 118,441
Earnings Per Share, Basic and Diluted:        
Basic net income (loss) per share (USD per share) $ (0.74) $ 3.45 $ 32.60 $ 5.58
Shares used in basic per share calculations (shares) 19,558 21,212 20,000 21,209
Diluted net income (loss) per share (USD per share) $ (0.74) $ 2.99 $ 31.34 $ 4.81
Shares used in diluted per share calculations (shares) 19,558 24,438 20,799 24,618
Royalties        
Revenues:        
Total revenues $ 6,626 $ 31,396 $ 26,164 $ 52,216
Material sales        
Revenues:        
Total revenues 8,549 7,612 17,508 12,003
License fees, milestones and other revenues        
Revenues:        
Total revenues $ 9,812 $ 51,035 $ 24,799 $ 81,981