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STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net loss $ (221,760) $ (104,468) $ (67,830)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities      
Depreciation and amortization 31,082 19,687 14,247
Non-cash compensation expense 56,094 39,897 31,259
Other non-cash charges and expenses, net 10,366 3,171 2,238
Changes in assets and liabilities      
Increase in Sanofi and trade accounts receivable (21,118) (17,518) (30,494)
Increase in prepaid expenses and other assets (6,033) (7,303) (4,436)
(Decrease) increase in deferred revenue (40,329) 158,151 (27,497)
Increase in accounts payable, accrued expenses, and other liabilities 50,016 7,605 12,577
Total adjustments 80,078 203,690 (2,106)
Net cash (used in) provided by operating activities (141,682) 99,222 (69,936)
Cash flows from investing activities      
Purchases of marketable securities (240,391) (605,124) (199,997)
Sales or maturities of marketable securities 426,356 273,723 295,117
(Increase) decrease in restricted cash and marketable securities (277) (5,941) 50
Capital expenditures (57,217) (99,689) (97,318)
Net cash provided by (used in) investing activities 128,471 (437,031) (2,148)
Cash flows from financing activities      
Proceeds in connection with facility lease obligation 0 47,544 23,640
Payments in connection with facility lease obligation (674) (924) (875)
Payments in connection with capital lease obligation (993) (104) 0
Proceeds in connection with issuance of convertible notes, net of debt issuance costs 391,107 0 0
Proceeds in connection with issuance of warrants 93,800 0 0
Payment in connection with purchase of convertible note hedges (117,500) 0 0
Net proceeds in connection with issuance of Common Stock 18,509 196,790 8,598
Net cash provided by financing activities 384,249 243,306 31,363
Net increase (decrease) in cash and cash equivalents 371,038 (94,503) (40,721)
Cash and cash equivalents at beginning of period 112,572 207,075 247,796
Cash and cash equivalents at end of period 483,610 112,572 207,075
Supplemental disclosure of cash flow information      
Cash paid for interest $ 14,725 $ 12,737 $ 2,525