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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenues $ 1,608,022 $ 1,470,116 $ 3,119,507 $ 2,789,107
Expenses:        
Research and development 529,289 509,975 1,027,875 1,017,410
Selling, general, and administrative 364,884 306,908 695,654 603,754
Total expenses 985,834 919,804 1,930,088 1,808,253
Income from operations 622,188 550,312 1,189,419 980,854
Other income (expense):        
Other income (expense), net 40,804 (19,061) 65,410 (9,813)
Interest expense (6,918) (5,401) (13,357) (12,902)
Total other income (expense) 33,886 (24,462) 52,053 (22,715)
Income before income taxes 656,074 525,850 1,241,472 958,139
Income tax expense (104,662) (138,106) (212,080) (321,464)
Net income $ 551,412 $ 387,744 $ 1,029,392 $ 636,675
Net income per share - basic (in dollars per share) $ 5.12 $ 3.66 $ 9.56 $ 6.02
Net income per share - diluted (in dollars per share) $ 4.82 $ 3.34 $ 8.97 $ 5.51
Weighted average shares outstanding - basic (in shares) 107,800 106,034 107,724 105,804
Weighted average shares - diluted (in shares) 114,477 116,137 114,697 115,607
Statements of Comprehensive Income        
Net income $ 551,412 $ 387,744 $ 1,029,392 $ 636,675
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on marketable securities 3,374 8,204 (7,706) 15,160
Unrealized gain on cash flow hedges 608 28 2,047 28
Comprehensive income 555,394 395,976 1,023,733 651,863
Product        
Revenues:        
Revenues 996,382 924,133 1,984,291 1,782,378
Expenses:        
Cost of goods sold 35,950 42,133 105,193 103,386
Collaboration and contract manufacturing        
Expenses:        
Cost of goods sold 55,711 60,788 101,366 83,703
Sanofi | Product and service, other        
Revenues:        
Revenues 237,753 222,128 427,243 432,495
Bayer | Product and service, other        
Revenues:        
Revenues 262,863 210,355 510,791 404,294
Other | Product and service, other        
Revenues:        
Revenues $ 111,024 $ 113,500 $ 197,182 $ 169,940