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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Net product sales $ 3,338,390 $ 2,689,478 $ 1,750,762
Sanofi collaboration revenue 658,665 758,873 541,299
Bayer collaboration revenue 744,270 580,488 495,555
Other revenue 119,102 74,889 31,941
Total revenues 4,860,427 4,103,728 2,819,557
Expenses:      
Research and development 2,052,295 1,620,577 1,271,353
Selling, general, and administrative 1,177,697 838,526 519,267
Cost of goods sold 194,624 241,702 129,030
Cost of collaboration and contract manufacturing 105,070 151,007 75,988
Total expenses 3,529,686 2,851,812 1,995,638
Income from operations 1,330,741 1,251,916 823,919
Other income (expense):      
Other income (expense), net 6,269 (12,578) (25,312)
Interest expense (7,195) (14,241) (37,372)
Total other income (expense) (926) (26,819) (62,684)
Income before income taxes 1,329,815 1,225,097 761,235
Income tax expense (434,293) (589,041) (423,109)
Net income $ 895,522 $ 636,056 $ 338,126
Net income per share - basic $ 8.55 $ 6.17 $ 3.36
Net income per share - diluted $ 7.70 $ 5.52 $ 2.98
Weighted average shares outstanding - basic 104,719 103,061 100,612
Weighted average shares outstanding - diluted 116,367 115,230 113,413
Statements of Comprehensive Income      
Net income $ 895,522 $ 636,056 $ 338,126
Other comprehensive income (loss):      
Unrealized (loss) gain on marketable securities, net of tax (21,412) (43,679) 53,439
Comprehensive income $ 874,110 $ 592,377 $ 391,565