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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 636,056 $ 338,126 $ 413,738
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 74,909 52,686 41,204
Non-cash compensation expense 459,049 321,750 215,377
Loss on Extinguishment of Debt 18,861 33,469 0
Other non-cash charges and expenses, net 33,701 44,102 46,751
Increase (Decrease) in Deferred Income Taxes (121,623) (53,276) 62,195
Changes in assets and liabilites      
Increase in Sanofi, Bayer HealthCare, and trade accounts receivable (491,421) (34,927) (245,472)
Increase in Inventories (111,825) (56,947) (47,956)
(Increase) decrease in prepaid expenses and other assets (79,476) (45,327) 7,571
Increase (decrease) in deferred revenue 608,892 (8,403) (41,496)
Increase in accounts payable, accrued expenses and other liabilities 303,657 161,182 136,684
Total adjustments 694,724 414,309 174,858
Net cash provided by operating activities 1,330,780 752,435 588,596
Cash flows from investing activities:      
Purchases of marketable securities (557,105) (564,188) (577,278)
Sales or maturities of marketable securities 327,437 476,417 378,146
Capital expenditures (677,933) (333,006) (156,323)
Net cash used in by investing activities (907,601) (420,777) (355,455)
Cash flows from financing activities:      
Proceeds from (Repayments of) Long-term Debt and Capital Securities 26,020 (1,095) (2,024)
Repayments of convertible senior debt (166,467) (220,639) 0
Payments in connection with reduction of outstanding warrants (573,487) (294,552) 0
Proceeds from issuance of Common Stock 206,358 126,045 57,393
Payments in connection with Common Stock tendered for employee tax obligations (160,537) (267,584) (195,087)
Excess tax benefit from stock-based compensation 405,317 439,278 211,909
Net cash (used in) provided by financing activities (262,796) (218,547) 72,191
Net increase in cash and cash equivalents 160,383 113,111 305,332
Cash and cash equivalents at beginning of period 648,719 535,608 230,276
Cash and cash equivalents at end of period 809,102 648,719 535,608
Cash paid for interest (net of amounts capitalized) 10,582 20,348 23,197
Cash paid for income taxes 276,092 59,847 $ 1,057
Warrant      
Cash flows from financing activities:      
Payments in connection with reduction of outstanding warrants $ (399,500) $ (294,600)