XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Net product sales $ 418,022 $ 333,893 $ 780,400 $ 652,633
Sanofi collaboration revenue 142,595 85,529 273,103 184,802
Bayer HealthCare collaboration revenue 97,295 31,104 222,607 46,011
Technology licensing and other revenue 7,788 7,116 15,330 13,860
Total revenues 665,700 457,642 1,291,440 897,306
Expenses:        
Research and development 294,501 187,463 581,880 367,762
Selling, general, and administrative 102,414 72,463 211,264 149,723
Cost of goods sold 29,945 27,283 57,418 55,304
Cost of collaboration manufacturing 16,434 12,330 32,533 13,364
Total expenses 443,294 299,539 883,095 586,153
Income from operations 222,406 158,103 408,345 311,153
Other income (expense):        
Investment income 1,677 954 2,614 1,410
Interest expense (10,177) (11,365) (21,790) (23,040)
Loss on extinguishment of debt (10,787) 0 (10,787) 0
Total other income (expense) (19,287) (10,411) (29,963) (21,630)
Income before income taxes 203,119 147,692 378,382 289,523
Income tax expense (110,384) (60,316) (220,204) (103,273)
Net income 92,735 87,376 158,178 186,250
Net income per share - basic $ 0.92 $ 0.89 $ 1.58 $ 1.91
Net income per share - diluted $ 0.82 $ 0.79 $ 1.40 $ 1.69
Weighted average shares outstanding - basic 100,391 97,700 100,085 97,289
Weighted average shares outstanding - diluted 113,032 111,060 113,121 110,305
Statements of Comprehensive Income        
Net income 92,735 87,376 158,178 186,250
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities, net of tax 2,798 (1,785) 5,451 (2,263)
Comprehensive income $ 95,533 $ 85,591 $ 163,629 $ 183,987