Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 24,808 $ 45,663 $ 93,279 $ 191,863
Operating costs and expenses:        
Cost of material sales 3,147 1,460 9,410 3,382
Amortization of intangibles 3,552 5,725 10,560 12,309
Research and development 13,742 5,483 37,244 19,023
General and administrative 9,525 9,633 31,607 26,571
Total operating costs and expenses 29,966 22,301 88,821 61,285
Gain from sale of Promacta license 0 0 812,797 0
Income (loss) from operations (5,158) 23,362 817,255 130,578
Other income (expense):        
Gain (loss) from Viking (10,520) 62,398 (5,592) 124,206
Interest income 7,396 5,474 22,590 9,111
Interest expense (8,993) (11,200) (26,911) (28,133)
Other expense, net (2,596) (808) (2,528) (5,643)
Total other income (loss), net (14,713) 55,864 (12,441) 99,541
Income (loss) before income taxes (19,871) 79,226 804,814 230,119
Income tax benefit (expense) 4,620 (11,864) (168,147) (44,316)
Net income (loss) $ (15,251) $ 67,362 $ 636,667 $ 185,803
Earnings Per Share, Basic and Diluted:        
Basic net income (loss) per share (USD per share) $ (0.81) $ 3.19 $ 32.51 $ 8.77
Shares used in basic per share calculations (shares) 18,770 21,148 19,586 21,189
Diluted net income (loss) per share (USD per share) $ (0.81) $ 2.80 $ 31.29 $ 7.61
Shares used in diluted per share calculations (shares) 18,770 24,052 20,349 24,430
Royalties        
Revenues:        
Total revenues $ 9,767 $ 36,127 $ 35,931 $ 88,343
Material sales        
Revenues:        
Total revenues 6,849 7,027 24,357 19,030
License fees, milestones and other revenues        
Revenues:        
Total revenues $ 8,192 $ 2,509 $ 32,991 $ 84,490