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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 241 $ 344 $ 408 $ 2,206 Close
Operating expenses:        
Cost of sales 115 731 211 1,523
Research and development 1,221 1,148 2,284 2,279
Selling, general and administrative 268 332 542 637
Total operating expenses 1,604 2,211 3,037 4,439 Close
Loss from operations (1,363) (1,867) (2,629) (2,233) Close
Interest income 111 104 231 213 Close
Other (expense) income, net (27) 14 (46) (34) CloseClose
Total Other Income Expenses 84.0 118.0 185.0 179.0 0.0 Close
Loss before income taxes (1,279) (1,749) (2,444) (2,054) CloseClose
Provision for (benefit from) income taxes 0 (369) 10 (753) Close
Net loss $ (1,279) $ (1,380) $ (2,454) $ (1,301) Close
Net loss per share:        
Basic (in usd per share) $ (3.33) $ (3.62) $ (6.41) $ (3.39)
Diluted (in usd per share) $ (3.33) $ (3.62) $ (6.41) $ (3.39)
Weighted average common shares used in calculation of net loss per share:        
Basic (in shares) 384 381 383 383
Diluted (in shares) 384 381 383 383
Net product sales        
Revenue:        
Total revenue $ 184 $ 293 $ 351 $ 2,121
Other revenue        
Revenue:        
Total revenue $ 57 $ 51 $ 57 $ 85