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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 377,603 $ 270,664
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 48,006 31,325
Non-cash compensation expense 273,941 198,016
Other non-cash charges and expenses, net 7,795 33,017
Deferred taxes (162,652) (59,069)
Changes in assets and liabilites    
Increase in Sanofi, Bayer, and trade accounts receivable (284,178) (418,753)
Increase in Inventories (72,888) (45,591)
Decrease in prepaid expenses and other assets 57,086 33,842
Increase (decrease) in deferred revenue 65,850 (16,685)
Increase in accounts payable, accrued expenses and other liabilities 133,925 129,338
Total adjustments 66,885 (114,560)
Net cash provided by (used in) operating activities 444,488 156,104
Cash flows from investing activities:    
Purchases of marketable securities (228,942) (340,844)
Sales or maturities of marketable securities 102,177 193,769
Capital expenditures (242,930) (354,055)
Net cash used in investing activities (369,695) (501,130)
Cash flows from financing activities:    
(Payments) proceeds in connection with facility lease obligations (1,213) 26,780
Repayments of convertible senior notes (12,650) (144,001)
Payments in connection with deduction of outstanding warrants (242,117) (124,531)
Proceeds from issuance of Common Stock 63,606 115,825
Payments in connection with Common Stock tendered for employee tax obligations (45,013) (35,930)
Excess tax benefit from stock-based compensation 0 248,718
Net cash (used in) provided by financing activities (237,387) 86,861
Net decrease in cash and cash equivalents (162,594) (258,165)
Cash and cash equivalents at beginning of period 809,102 648,719
Cash and cash equivalents at end of period $ 646,508 $ 390,554