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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Net product sales $ 448,844 $ 367,118 $ 1,229,244 $ 1,019,751
Sanofi collaboration revenue 132,925 134,359 406,028 319,161
Bayer HealthCare collaboration revenue 135,853 88,583 358,460 134,594
Technology licensing and other revenue 8,166 6,967 23,496 20,827
Total revenues 725,788 597,027 2,017,228 1,494,333
Expenses:        
Research and development 337,728 224,045 919,608 591,807
Selling, general, and administrative 149,748 97,607 361,012 247,330
Cost of goods sold 33,655 28,253 91,073 83,557
Cost of collaboration manufacturing 21,938 10,320 54,471 23,684
Total expenses 543,069 360,225 1,426,164 946,378
Income from operations 182,719 236,802 591,064 547,955
Other income (expense):        
Investment and other income 2,591 618 5,205 2,028
Interest expense (9,232) (11,736) (31,022) (34,776)
Loss on extinguishment of debt 0 0 (10,787) 0
Total other income (expense) (6,641) (11,118) (36,604) (32,748)
Income before income taxes 176,078 225,684 554,460 515,207
Income tax expense (96,358) (84,378) (316,562) (187,651)
Net income 79,720 141,306 237,898 327,556
Net income per share - basic $ 0.79 $ 1.44 $ 2.37 $ 3.36
Net income per share - diluted $ 0.70 $ 1.25 $ 2.10 $ 2.95
Weighted average shares outstanding - basic 100,796 98,226 100,325 97,602
Weighted average shares outstanding - diluted 117,423 116,713 113,203 115,554
Statements of Comprehensive Income        
Net income 79,720 141,306 237,898 327,556
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities, net of tax 22,632 578 28,083 (1,685)
Comprehensive income $ 102,352 $ 141,884 $ 265,981 $ 325,871