NEUROCRINE BIOSCIENCES INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
NBIX$169.14+0.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions, except per share data) | 2024 | 2023 |
| Revenues: | ||
| Net product sales | $509.0 | $415.3 |
| Collaboration revenues | 6.3 | 5.1 |
| Total revenues | 515.3 | 420.4 |
| Operating expenses: | ||
| Cost of revenues | 7.5 | 8.5 |
| Research and development | 159.4 | 139.5 |
| Acquired in-process research and development | 6.0 | 143.9 |
| Selling, general and administrative | 243.1 | 242.7 |
| Total operating expenses | 416.0 | 534.6 |
| Operating income (loss) | 99.3 | (114.2) |
| Other (expense) income: | ||
| Interest expense | (1.1) | (1.1) |
| Unrealized gain on equity security investments | 1.6 | 2.2 |
| Charges associated with convertible senior notes | (88.7) | — |
| Investment income and other, net | 23.4 | 9.8 |
| Total other (expense) income, net | (64.8) | 10.9 |
| Income (loss) before benefit from income taxes | 34.5 | (103.3) |
| Benefit from income taxes | (8.9) | (26.7) |
| Net income (loss) | 43.4 | (76.6) |
| Foreign currency translation adjustments, net of tax | (0.5) | 1.2 |
| Unrealized (loss) gain on debt securities available-for-sale, net of tax | (3.2) | 4.0 |
| Comprehensive income (loss) | $39.7 | $(71.4) |
| Earnings (loss) per share: | ||
| Basic | $0.43 | $(0.79) |
| Diluted | $0.42 | $(0.79) |
| Weighted-average shares outstanding: | ||
| Basic | 99.8 | 97.1 |
| Diluted | 103.6 | 97.1 |
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