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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Net product sales $ 858,245 $ 784,182
Sanofi collaboration revenue 210,367 219,694
Bayer Collaboration Revenue 193,939 179,592
Other revenue 56,440 17,381
Total revenues 1,318,991 1,200,849
Expenses:    
Research and development 507,435 470,112
Selling, general, and administrative 296,846 289,677
Cost of goods sold 61,253 78,942
Cost of collaboration and contract manufacturing 22,915 32,810
Total expenses 888,449 871,541
Income from operations 430,542 329,308
Other income (expense):    
Other income (expense), net 9,248 3,483
Interest expense (7,501) (2,640)
Total other income (expense) 1,747 843
Income before income taxes 432,289 330,151
Income tax expense (183,358) (148,766)
Net income $ 248,931 $ 181,385
Net income per share - basic $ 2.36 $ 1.74
Net income per share - diluted $ 2.16 $ 1.59
Weighted average shares outstanding - basic 105,572 104,290
Weighted average shares outstanding - diluted 115,106 114,228
Statements of Comprehensive Income    
Net income $ 248,931 $ 181,385
Other comprehensive income (loss):    
Unrealized gain (loss) on marketable securities, net of tax 6,956 (4,208)
Comprehensive income $ 255,887 $ 177,177