EXELIXIS INC
For the period ended Mar 29, 2024. Filed Apr 30, 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 29, 2024 · Filed Apr 30, 2024
EXEL$70.58-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Net product revenues | $378,523 | $363,400 |
| License revenues | 44,676 | 38,292 |
| Collaboration services revenues | 2,027 | 7,096 |
| Total revenues | 425,226 | 408,788 |
| Operating expenses: | ||
| Cost of goods sold | 21,256 | 14,315 |
| Research and development | 227,689 | 234,246 |
| Selling, general and administrative | 113,984 | 131,397 |
| Restructuring | 32,835 | — |
| Total operating expenses | 395,764 | 379,958 |
| Income from operations | 29,462 | 28,830 |
| Interest income | 19,894 | 19,502 |
| Other expense, net | (89) | (54) |
| Income before income taxes | 49,267 | 48,278 |
| Provision for income taxes | 11,950 | 8,250 |
| Net income | $37,317 | $40,028 |
| Net income per share: | ||
| Basic | $0.12 | $0.12 |
| Diluted | $0.12 | $0.12 |
| Weighted-average common shares outstanding: | ||
| Basic | 300,757 | 324,420 |
| Diluted | 305,530 | 326,279 |
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