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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Net product sales $ 737,562 $ 448,844 $ 1,939,954 $ 1,229,244
Sanofi collaboration revenue 224,735 132,925 593,201 406,028
Bayer HealthCare collaboration revenue 157,596 135,853 415,679 358,460
Technology licensing and other revenue 17,529 8,166 56,817 23,496
Total revenues 1,137,422 725,788 3,005,651 2,017,228
Expenses:        
Research and development 425,924 337,728 1,159,367 919,608
Selling, general, and administrative 209,993 144,003 543,572 343,960
Cost of goods sold 67,199 33,655 170,624 91,073
Cost of collaboration and contract manufacturing 41,884 21,938 111,254 54,471
Total expenses 745,000 537,324 1,984,817 1,409,112
Income from operations 392,422 188,464 1,020,834 608,116
Other income (expense):        
Investment and other income 2,603 2,591 4,533 5,205
Interest expense (1,715) (9,232) (10,632) (31,022)
Loss on extinguishment of debt (21) 0 (16,927) (10,787)
Total other income (expense) 867 (6,641) (23,026) (36,604)
Income before income taxes 393,289 181,823 997,808 571,512
Income tax expense (182,891) (98,448) (516,746) (323,481)
Net income $ 210,398 $ 83,375 $ 481,062 $ 248,031
Net income per share - basic $ 2.04 $ 0.83 $ 4.68 $ 2.47
Net income per share - diluted $ 1.82 $ 0.73 $ 4.18 $ 2.19
Weighted average shares outstanding - basic 103,348 100,796 102,825 100,325
Weighted average shares outstanding - diluted 115,944 117,423 115,144 113,203
Statements of Comprehensive Income        
Net income $ 210,398 $ 83,375 $ 481,062 $ 248,031
Other comprehensive (loss) income:        
Unrealized (loss) gain on marketable securities, net of tax (11,432) 22,632 (44,530) 28,083
Comprehensive income $ 198,966 $ 106,007 $ 436,532 $ 276,114