XML 33 R67.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Loss Carryforwards [Line Items]      
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest $ 775,747,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $ 713,360,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $ 414,421,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Current:      
Federal 447,370,000us-gaap_CurrentFederalTaxExpenseBenefit 201,475,000us-gaap_CurrentFederalTaxExpenseBenefit 0us-gaap_CurrentFederalTaxExpenseBenefit
State 28,718,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 23,489,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 4,308,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Current Foreign Tax Expense (Benefit) 2,879,000us-gaap_CurrentForeignTaxExpenseBenefit 433,000us-gaap_CurrentForeignTaxExpenseBenefit 0us-gaap_CurrentForeignTaxExpenseBenefit
Total current tax expense (benefit) 478,967,000us-gaap_CurrentIncomeTaxExpenseBenefit 225,397,000us-gaap_CurrentIncomeTaxExpenseBenefit 4,308,000us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred:      
Federal (68,700,000)us-gaap_DeferredFederalIncomeTaxExpenseBenefit 54,910,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit (300,319,000)us-gaap_DeferredFederalIncomeTaxExpenseBenefit
State 18,891,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 8,700,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit (39,837,000)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
Deferred Foreign Income Tax Expense (Benefit) (1,485,000)us-gaap_DeferredForeignIncomeTaxExpenseBenefit (9,000)us-gaap_DeferredForeignIncomeTaxExpenseBenefit 0us-gaap_DeferredForeignIncomeTaxExpenseBenefit
Total deferred tax expense (benefit) (51,294,000)us-gaap_DeferredIncomeTaxExpenseBenefit 63,601,000us-gaap_DeferredIncomeTaxExpenseBenefit (340,156,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax expense (benefit) 427,673,000us-gaap_IncomeTaxExpenseBenefit 288,998,000us-gaap_IncomeTaxExpenseBenefit (335,848,000)us-gaap_IncomeTaxExpenseBenefit
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]      
U.S. federal statutory tax rate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
State and local income taxes 2.00%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 3.40%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 5.40%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
Change in state effective rate 2.80%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate 5.40%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent 15.30%us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential 4.90%us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
Effective Income Tax Rate Reconciliation, Tax Credit, Percent (7.40%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits (4.90%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits
Reclassification of net operating losses related to exercises of stock options 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost 9.30%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
Provision (benefit) attributable to valuation allowances 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance (139.00%)us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
Effective Income Tax Rate Reconciliation, Tax Contingency, Domestic, Percent 2.50%us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingenciesDomestic 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingenciesDomestic  
Effective Income Tax Rate Reconciliation, Deduction, Medicare Prescription Drug Benefit, Percent 2.70%us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsMedicarePrescriptionDrugBenefit 1.10%us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsMedicarePrescriptionDrugBenefit 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsMedicarePrescriptionDrugBenefit
Other permanent differences 2.20%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther 1.00%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther 2.80%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
Effective income tax rate 55.10%us-gaap_EffectiveIncomeTaxRateContinuingOperations 40.50%us-gaap_EffectiveIncomeTaxRateContinuingOperations (81.10%)us-gaap_EffectiveIncomeTaxRateContinuingOperations
Deferred tax assets:      
Net operating loss carry-forward 150,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 135,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards  
Fixed assets 8,078,000us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment 18,902,000us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment  
Deferred revenue 75,503,000us-gaap_DeferredTaxAssetsDeferredIncome 88,033,000us-gaap_DeferredTaxAssetsDeferredIncome  
Deferred compensation 194,489,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits 109,715,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits  
Income tax credit carry-forwards 16,099,000us-gaap_DeferredTaxAssetsTaxCreditCarryforwards 9,372,000us-gaap_DeferredTaxAssetsTaxCreditCarryforwards  
Capitalized research and development costs 12,908,000regn_DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts 18,942,000regn_DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts  
Other 41,252,000us-gaap_DeferredTaxAssetsOther 34,215,000us-gaap_DeferredTaxAssetsOther  
Deferred tax assets, gross 348,479,000us-gaap_DeferredTaxAssetsGross 279,314,000us-gaap_DeferredTaxAssetsGross  
Valuation allowance (359,000)us-gaap_DeferredTaxAssetsValuationAllowance (1,830,000)us-gaap_DeferredTaxAssetsValuationAllowance  
Deferred tax assets, net 348,120,000us-gaap_DeferredTaxAssetsNet 277,484,000us-gaap_DeferredTaxAssetsNet  
Deferred tax liabilities:      
Accruals (28,186,000)us-gaap_DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals 0us-gaap_DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals  
Convertible senior notes (252,000)us-gaap_DeferredTaxLiabilitiesFinancingArrangements (929,000)us-gaap_DeferredTaxLiabilitiesFinancingArrangements  
Deferred Tax Liabilities, Other 3,578,000us-gaap_DeferredTaxLiabilitiesOther 0us-gaap_DeferredTaxLiabilitiesOther  
Deferred tax liabilities, gross (32,016,000)us-gaap_DeferredIncomeTaxLiabilities (929,000)us-gaap_DeferredIncomeTaxLiabilities  
Deferred Tax Assets, Net 316,104,000us-gaap_DeferredTaxAssetsLiabilitiesNet 276,555,000us-gaap_DeferredTaxAssetsLiabilitiesNet  
Utilization of net operating loss carryforwards related to exercises of Nonqualified Stock Options and disqualifying dispositions of ISOs, credited to additional paid-in capital 448,556,000us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet 216,857,000us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet 4,308,000us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount   34,000,000us-gaap_IncomeTaxReconciliationTaxCreditsResearch  
Income Tax Reconciliation, Change in Deferred Tax Assets Valuation Allowance     340,200,000us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
Unrecognized Tax Benefits that Would Impact Effective Tax Rate 51,200,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate 23,500,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate 8,400,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued   0us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued  
Other Comprehensive Income (Loss), Tax 27,100,000us-gaap_OtherComprehensiveIncomeLossTax 0us-gaap_OtherComprehensiveIncomeLossTax 0us-gaap_OtherComprehensiveIncomeLossTax
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance as of January 1 26,627,000us-gaap_UnrecognizedTaxBenefits 11,274,000us-gaap_UnrecognizedTaxBenefits 5,596,000us-gaap_UnrecognizedTaxBenefits
Gross increases related to current year tax positions 27,538,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions 7,620,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions 1,873,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
Gross increases related to prior year tax positions 6,464,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 8,305,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 3,805,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities 3,014,000us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities 572,000us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities 0us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
Balance as of December 31 57,615,000us-gaap_UnrecognizedTaxBenefits 26,627,000us-gaap_UnrecognizedTaxBenefits 11,274,000us-gaap_UnrecognizedTaxBenefits
UNITED STATES      
Operating Loss Carryforwards [Line Items]      
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 1,115,958,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_EntityByLocationAxis
= country_US
812,278,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_EntityByLocationAxis
= country_US
 
Foreign      
Operating Loss Carryforwards [Line Items]      
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest $ (340,211,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_EntityByLocationAxis
= regn_ForeignMember
$ (98,918,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_EntityByLocationAxis
= regn_ForeignMember