XML 21 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 642,407 $ 481,062
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 75,845 51,999
Non-cash compensation expense 405,320 300,657
Other non-cash charges and expenses, net 13,586 34,919
Increase (Decrease) in Deferred Income Taxes (190,327) (65,975)
Changes in assets and liabilites    
Increase in Sanofi, Bayer, and trade accounts receivable (176,079) (462,943)
Increase in Inventories (99,706) (66,254)
Decrease (increase) in prepaid expenses and other assets 34,857 (13,223)
Increase in deferred revenue 282,176 624,063
Increase in accounts payable, accrued expenses and other liabilities 107,438 164,652
Total adjustments 453,110 567,895
Net cash provided by operating activities 1,095,517 1,048,957
Cash flows from investing activities:    
Purchases of marketable securities (606,153) (550,142)
Sales or maturities of marketable securities 192,091 265,995
Capital expenditures (361,486) (500,154)
Net cash used in investing activities (775,548) (784,301)
Cash flows from financing activities:    
Proceeds in connection with facility lease obligations 3,232 26,405
Repayments of convertible senior notes (12,650) (146,007)
Payments in connection with deduction of outstanding warrants (242,117) (523,487)
Proceeds from issuance of Common Stock 89,777 150,423
Payments in connection with Common Stock tendered for employee tax obligations (46,954) (71,673)
Excess tax benefit from stock-based compensation 0 305,551
Net cash used in by financing activities (208,712) (258,788)
Net increase in cash and cash equivalents 111,257 5,868
Cash and cash equivalents at beginning of period 809,102 648,719
Cash and cash equivalents at end of period $ 920,359 $ 654,587