10 unchanged sentences
The comparisons in the graph below are based upon historical data and are not indicative of, or intended to forecast, future performance of our common stock or Indexes.
−Removed: * The material in this section is not “soliciting material”, is not deemed “filed” with the Securities and Exchange Commission (SEC) and is not to be incorporated by reference into any of our SEC filings whether made before or after the date hereof and irrespective of any general incorporation language in any such SEC filing except to the extent we specifically incorporate this section by reference.
+Added: * The material in this section is not “soliciting material”, is not deemed “filed” with the Securities and Exchange Commission, or SEC, and is not to be incorporated by reference into any of our SEC filings whether made before or after the date hereof and irrespective of any general incorporation language in any such SEC filing except to the extent we specifically incorporate this section by reference.
Selected Financial Data
1 unchanged sentence
The information set forth below is not necessarily indicative of our results of future operations and should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and notes thereto appearing elsewhere in this Annual Report on Form 10-K.
−Removed: (in thousands, except per share data)
+Added: (in millions, except per share data) 2020 2019 2018 2017 2016
Consolidated Statements of Operations Data
6 unchanged sentences
Acquired in-process research and development 164.5 154.3 4.8 30.0 —
−Removed: Sales, general and administrative
+Added: Selling, general and administrative 433.3 354.1 248.9 169.9 68.1
Total operating expenses 882.9 715.8 414.4 293.0 162.4
3 unchanged sentences
Unrealized loss on restricted equity securities (17.7) (13.0) — — —
+Added: Loss on extinguishment of convertible senior notes (18.4) — — — —
Investment income and other, net 12.6 19.2 15.5 8.3 6.3
−Removed: Total other (expense) income
−Removed: Income (loss) before provision for income taxes
−Removed: Provision for income taxes
+Added: Total other (expense) income, net (56.3) (25.8) (15.0) (11.2) 6.3
+Added: Income (loss) before (benefit from) provision for income taxes 106.7 46.5 21.8 (142.5) (141.1)
+Added: (Benefit from) provision for income taxes (300.6) 9.5 0.7 — —
Net income (loss) $ 407.3 $ 37.0 $ 21.1 $ (142.5) $ (141.1)
1 unchanged sentence
Net income (loss) per share, diluted $ 4.16 $ 0.39 $ 0.22 $ (1.62) $ (1.63)
−Removed: Weighted average common shares outstanding, basic
−Removed: Weighted average common shares outstanding, diluted
+Added: Weighted average common shares outstanding:
+Added: Basic 93.1 91.6 90.2 88.1 86.7
+Added: Diluted 97.8 95.7 95.4 88.1 86.7
Consolidated Balance Sheets Data
−Removed: Cash and cash equivalents and marketable securities
+Added: Cash, cash equivalents and debt securities available-for-sale $ 1,028.1 $ 970.2 $ 866.9 $ 763.3 $ 350.8
Working capital
+Added: $ 829.7 $ 265.7 $ 649.5 $ 500.5 $ 280.0
+Added: Total assets $ 1,734.7 $ 1,306.0 $ 993.2 $ 817.6 $ 365.1
Convertible senior notes $ 317.9 $ 408.8 $ 388.5 $ 369.6 $ —
1 unchanged sentence
Total stockholders’ equity $ 1,126.2 $ 636.9 $ 480.8 $ 372.1 $ 314.9
−Removed: (1) At December 31, 2019, the conditional conversion feature of the 2024 Notes had been triggered, allowing holders of 2024 Notes to convert their 2024 Notes at any time during the period beginning on January 2, 2020 and ending at the close of business on March 31, 2020.
−Removed: Accordingly, the 2024 Notes have been classified as a current liability at December 31, 2019.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.