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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Net product sales $ 2,689,478 $ 1,750,762 $ 1,425,839
Sanofi collaboration revenue 758,873 541,299 430,111
Bayer HealthCare collaboration revenue 580,488 495,555 220,289
Other revenue 74,889 31,941 28,506
Total revenues 4,103,728 2,819,557 2,104,745
Expenses:      
Research and development 1,620,577 1,271,353 859,947
Selling, general, and administrative 838,526 519,267 346,393
Cost of goods sold 241,702 129,030 118,048
Cost of collaboration and contract manufacturing 151,007 75,988 37,307
Total expenses 2,851,812 1,995,638 1,361,695
Income from operations 1,251,916 823,919 743,050
Other income (expense):      
Investment and other income (expense) 6,283 8,157 (231)
Interest expense (14,241) (37,372) (46,437)
Loss on Extinguishment of Debt (18,861) (33,469) 0
Total other income (expense) (26,819) (62,684) (46,668)
Income before income taxes 1,225,097 761,235 696,382
Income tax expense (589,041) (423,109) (282,644)
Net income $ 636,056 $ 338,126 $ 413,738
Net income per share - basic $ 6.17 $ 3.36 $ 4.23
Net income per share - diluted $ 5.52 $ 2.98 $ 3.72
Weighted average shares outstanding - basic 103,061 100,612 97,917
Weighted average shares outstanding - diluted 115,230 113,413 111,290
Statements of Comprehensive Income      
Net income $ 636,056 $ 338,126 $ 413,738
Other comprehensive income:      
Unrealized gain (loss) on marketable securities, net of tax (43,679) 53,439 (22)
Comprehensive income $ 592,377 $ 391,565 $ 413,716