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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Net product sales $ 987,909 $ 858,245
Sanofi collaboration revenue 189,490 210,367
Bayer Collaboration Revenue 247,928 193,939
Other revenue 86,158 56,440
Total revenues 1,511,485 1,318,991
Expenses:    
Research and development 498,586 507,435
Selling, general, and administrative 330,770 296,846
Cost of goods sold 69,243 61,253
Cost of collaboration and contract manufacturing 45,655 22,915
Total expenses 944,254 888,449
Income from operations 567,231 430,542
Other income (expense):    
Other income, net 24,606 9,248
Interest Expense (6,439) (7,501)
Total other income (expense) 18,167 1,747
Income before income taxes 585,398 432,289
Income tax expense (107,418) (183,358)
Net income $ 477,980 $ 248,931
Net income per share - basic $ 4.44 $ 2.36
Net income per share - diluted $ 4.16 $ 2.16
Weighted average shares outstanding - basic 107,648 105,572
Weighted average shares outstanding - diluted 114,906 115,106
Statements of Comprehensive Income    
Net income $ 477,980 $ 248,931
Other comprehensive income (loss), net of tax:    
Unrealized gain (loss) on marketable securities (11,080) 6,956
Unrealized gain on cash flow hedges 1,439 0
Comprehensive income $ 468,339 $ 255,887