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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 158,178 $ 186,250
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,546 19,109
Non-cash compensation expense 151,920 97,473
Non-cash interest expense 10,871 11,315
Losses on Extinguishment of Debt 10,787 0
Other non-cash charges and expenses, net 6,598 18,323
Deferred taxes (32,543) 92,522
Changes in assets and liabilites    
Decrease (increase) in Sanofi, Bayer HealthCare, and trade accounts receivable 61,043 (206,149)
Increase in Inventories (37,295) (31,144)
(Increase) decrease in prepaid expenses and other assets (29,446) 2,700
Increase (decrease) in deferred revenue 39,838 (11,579)
Increase in accounts payable, accrued expenses and other liabilities 16,820 35,592
Total adjustments 223,139 28,162
Net cash provided by operating activities 381,317 214,412
Cash flows from investing activities:    
Purchases of marketable securities (374,509) (282,643)
Sales or maturities of marketable securities 155,850 307,244
Capital expenditures (135,695) (55,656)
Net cash used in investing activities (354,354) (31,055)
Cash flows from financing activities:    
Payments in connection with facility and capital lease obligations (534) (997)
Repayments of convertible senior notes (61,125) 0
Payments in connection with deduction of outstanding warrants (143,041) 0
Proceeds from issuance of Common Stock 63,057 34,300
Payments in connection with Common Stock tendered for employee tax obligations (64,990) (73,137)
Excess tax benefit from stock-based compensation 244,197 7,876
Net cash provided by (used in) financing activities 37,564 (31,958)
Net increase in cash and cash equivalents 64,527 151,399
Cash and cash equivalents at beginning of period 535,608 230,276
Cash and cash equivalents at end of period $ 600,135 $ 381,675