Year Ended December 31
|
2000
|
1999
|
1998
|
|
|
New Basis
(June 30 to
December 31)(1)
Restated(1)
|
Old Basis
(January 1 to
June 30)(1)
Restated(1)
|
|
Revenues
|
|
|
|
|
Product sales (including amounts from related parties: 2000 $67,392; 1999 $41,324; 1998 $28,738
|
$ 1,278,344
|
$ 535,671
|
$ 503,424
|
$ 717,795
|
Royalties (including amounts from related parties: 2000 $46,795; 1999 $42,528; 1998 $35,028)
|
207,241
|
96,666
|
92,604
|
229,589
|
Contract and other (including amounts from related parties: 2000 $3,506; 1999 $17,170; 1998 $61,583)
|
160,363
|
26,398
|
56,844
|
114,795
|
Interest
|
90,408
|
45,049
|
44,385
|
88,764
|
Total revenues
|
1,736,356
|
703,784
|
697,257
|
1,150,943
|
Costs and expenses
|
|
|
|
|
Cost of sales (including amounts from related parties: 2000 $56,674; 1999 $36,267; 1998 $23,155)
|
364,892
|
187,145
|
98,404
|
138,623
|
Research and development (including contract related: 2000 $25,709; 1999 $18,366; 1998 $27,660)
|
489,879
|
182,387
|
184,951
|
396,186
|
Marketing, general and administrative
|
497,036
|
253,356
|
214,573
|
358,931
|
Special charges:
|
|
|
|
|
Related to redemption
|
-
|
1,207,700
|
-
|
-
|
Legal settlements
|
-
|
180,008
|
50,000
|
-
|
Recurring charges related to redemption
|
375,300
|
197,742
|
-
|
-
|
Interest
|
5,276
|
2,641
|
2,719
|
4,552
|
Total costs and expenses
|
1,732,383
|
2,210,979
|
550,647
|
898,292
|
Income (loss) before taxes and cumulative effect of accounting change
|
3,973
|
(1,507,195)
|
146,610
|
252,651
|
Income tax provision (benefit)
|
20,414
|
(262,083)
|
58,974
|
70,742
|
Income (loss) before cumulative effect of accounting change
|
(16,441)
|
(1,245,112)
|
87,636
|
181,909
|
Cumulative effect of accounting change, net of tax
|
(57,800)
|
-
|
-
|
-
|
Net income (loss)
|
$ (74,241)
|
$ (1,245,112)
|
$ 87,636
|
$ 181,909
|
Earnings (loss) per share:
|
|
|
|
|
Basic:
|
|
Earnings (loss) before cumulative effect of accounting change
|
|
$ (0.03)
|
$ (2.43)
|
$ 0.17
|
$ 0.36
|
|
|
Cumulative effect of accounting change, net of tax
|
|
(0.11)
|
-
|
-
|
-
|
|
|
Net earnings (loss) per share
|
|
$ (0.14)
|
$ (2.43)
|
$ 0.17
|
$ 0.36
|
Diluted:
|
|
Earnings (loss) before cumulative effect of accounting change
|
|
$ (0.03)
|
$ (2.43)
|
$ 0.16
|
$ 0.35
|
|
|
Cumulative effect of accounting change, net of tax
|
|
(0.11)
|
-
|
-
|
-
|
|
|
Net earnings (loss) per share
|
|
$ (0.14)
|
$ (2.43)
|
$ 0.16
|
$ 0.35
|
Weighted-average shares used to compute basic earnings (loss) per share:
|
522,179
|
513,352
|
512,368
|
503,291
|
Weighted-average shares used to compute diluted earnings (loss) per share:
|
522,179
|
513,352
|
531,868
|
519,488
|
Pro forma amounts assuming the new revenue recognition policy was applied retroactively (unaudited):
|
|
|
|
|
Net income (loss)
|
$ (16,441)
|
$ (1,248,632)
|
$ 79,916
|
$ 154,549
|
|
