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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 237,898 $ 327,556
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,551 29,912
Non-cash compensation expense 225,784 143,217
Non-cash interest expense 15,629 17,316
Losses on Extinguishment of Debt 10,787 0
Other non-cash charges and expenses, net 12,844 15,710
Deferred taxes (50,466) 82,890
Changes in assets and liabilites    
Decrease (increase) in Sanofi, Bayer HealthCare, and trade accounts receivable 27,713 (350,809)
Increase in Inventories (50,917) (36,742)
(Increase) decrease in prepaid expenses and other assets (28,850) 3,738
Increase (decrease) in deferred revenue 29,395 (20,815)
Increase in accounts payable, accrued expenses and other liabilities 76,506 94,894
Total adjustments 306,976 (20,689)
Net cash provided by operating activities 544,874 306,867
Cash flows from investing activities:    
Purchases of marketable securities (478,436) (477,312)
Sales or maturities of marketable securities 216,478 319,152
Capital expenditures (215,464) (87,347)
Net cash used in investing activities (477,422) (245,507)
Cash flows from financing activities:    
Payments in connection with facility and capital lease obligations (810) (1,625)
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 80,804 41,718
Payments in connection with Common Stock tendered for employee tax obligations (175,866) (166,358)
Excess tax benefit from stock-based compensation 343,532 97,840
Net cash provided by (used in) financing activities 43,494 (28,425)
Net increase in cash and cash equivalents 110,946 32,935
Cash and cash equivalents at beginning of period 535,608 230,276
Cash and cash equivalents at end of period $ 646,554 $ 263,211