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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net product sales $ 834,219 $ 657,819 $ 1,618,401 $ 1,202,392
Sanofi collaboration revenue 163,414 195,110 383,108 368,466
Bayer Collaboration Revenue 191,896 134,237 371,488 258,083
Other revenue 23,100 11,451 40,481 39,288
Total revenues 1,212,629 998,617 2,413,478 1,868,229
Expenses:        
Research and development 559,930 390,330 1,030,042 733,443
Selling, general, and administrative 292,038 174,588 581,715 333,579
Cost of goods sold 41,247 60,855 120,189 103,425
Cost of collaboration and contract manufacturing 27,786 27,985 60,596 69,370
Total expenses 921,001 653,758 1,792,542 1,239,817
Income from operations 291,628 344,859 620,936 628,412
Other income (expense):        
Investment income 2,801 1,653 5,050 1,833
Interest and other expense, net (2,173) (18,516) (3,579) (25,726)
Nonoperating Income (Expense) 628 (16,863) 1,471 (23,893)
Income before income taxes 292,256 327,996 622,407 604,519
Income tax expense (96,038) (133,353) (244,804) (333,855)
Net income $ 196,218 $ 194,643 $ 377,603 $ 270,664
Net income per share - basic $ 1.88 $ 1.89 $ 3.61 $ 2.64
Net income per share - diluted $ 1.69 $ 1.69 $ 3.24 $ 2.35
Weighted average shares outstanding - basic 104,633 102,886 104,462 102,558
Weighted average shares outstanding - diluted 116,231 115,259 116,617 114,962
Statements of Comprehensive Income        
Net income $ 196,218 $ 194,643 $ 377,603 $ 270,664
Other comprehensive income (loss):        
Unrealized loss on marketable securities, net of tax 840 (28,751) (3,368) (33,098)
Comprehensive income $ 197,058 $ 165,892 $ 374,235 $ 237,566