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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 165,736 $ 76,021
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,977 16,027
Non-cash compensation expense 142,250 103,759
Other non-cash charges and expenses, net 3,957 8,808
Deferred taxes (79,785) (37,256)
Changes in assets and liabilites    
Increase in Sanofi, Bayer, and trade accounts receivable (397,428) (329,746)
Increase in Inventories (62,263) (5,434)
Decrease in prepaid expenses and other assets 39,260 43,434
Increase (decrease) in deferred revenue 91,205 (7,457)
Increase in accounts payable, accrued expenses and other liabilities 103,431 30,117
Total adjustments (136,396) (177,748)
Net cash provided by (used in) operating activities 29,340 (101,727)
Cash flows from investing activities:    
Purchases of marketable securities 0 (95,775)
Sales or maturities of marketable securities 60,409 80,456
Capital expenditures (104,094) (114,162)
Net cash used in investing activities (43,685) (129,481)
Cash flows from financing activities:    
(Payments) proceeds in connection with facility lease obligations (598) 6,738
Repayments of convertible senior notes (1,739) (16,686)
Payments in connection with deduction of outstanding warrants (242,117) (124,531)
Proceeds from issuance of Common Stock 39,304 76,273
Payments in connection with Common Stock tendered for employee tax obligations (1,042) (21,192)
Excess tax benefit from stock-based compensation 15,649 169,794
Net cash (used in) provided by financing activities (190,543) 90,396
Net decrease in cash and cash equivalents (204,888) (140,812)
Cash and cash equivalents at beginning of period 809,102 648,719
Cash and cash equivalents at end of period $ 604,214 $ 507,907