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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 1,198,511 $ 895,522 $ 636,056
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 145,467 104,745 74,909
Non-cash compensation expense 507,277 559,878 459,049
Other non-cash charges and expenses, net 63,581 45,139 52,562
Deferred Taxes 318,809 (360,078) (121,623)
Changes in assets and liabilites      
Increase in Sanofi, Bayer, and trade accounts receivable (362,720) (143,827) (491,421)
Increase in Inventories (314,195) (149,776) (111,825)
(Increase) decrease in prepaid expenses and other assets (113,331) 23,543 (79,476)
(Decrease) increase in deferred revenue (113,099) 244,270 608,892
(Decrease) increase in accounts payable, accrued expenses and other liabilities (23,188) 253,980 303,657
Total adjustments 108,601 577,874 694,724
Net cash provided by operating activities 1,307,112 1,473,396 1,330,780
Cash flows from investing activities:      
Purchases of marketable and other securities (1,277,140) (809,419) (557,105)
Sales or maturities of marketable securities 544,584 274,456 327,437
Capital expenditures (272,626) (511,941) (677,933)
Net cash used in investing activities (1,005,182) (1,046,904) (907,601)
Cash flows from financing activities:      
Proceeds in connection with capital and facility lease obligations 57,000 5,085 27,373
Payments in connection with capital and facility lease obligations (19,925) (32,774) (1,353)
Repayments of convertible senior notes 0 (12,894) (166,467)
Payments in connection with reduction of outstanding warrants 0 (643,365) (573,487)
Proceeds from issuance of Common Stock 240,213 126,739 206,358
Payments in connection with Common Stock tendered for employee tax obligations (301,688) (143,182) (160,537)
Excess Tax Benefit from Share-based compensation 0 0 405,317
Net cash used in financing activities (24,400) (700,391) (262,796)
Net increase (decrease) in cash and cash equivalents 277,530 (273,899) 160,383
Cash and cash equivalents at beginning of period 535,203 809,102 648,719
Cash and cash equivalents at end of period 812,733 535,203 809,102
Cash paid for interest (net of amounts capitalized) 18,678 5,454 10,582
Cash paid for income taxes $ 754,843 $ 481,360 276,092
Warrant      
Cash flows from financing activities:      
Payments in connection with reduction of outstanding warrants     $ (399,500)