XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 1,029,392 $ 636,675
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,000 73,241
Non-cash compensation expense 189,217 255,047
Other non-cash items, net (54,980) 37,631
Deferred taxes (15,487) (57,737)
Changes in assets and liabilities:    
Increase in Sanofi, Bayer, and trade accounts receivable (64,907) (232,927)
Increase in inventories (182,100) (151,544)
Decrease (increase) in prepaid expenses and other assets 59,432 (77,168)
Increase (decrease) in deferred revenue (84,238) (10,655)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 66,979 (147,232)
Total adjustments (16,084) (311,344)
Net cash provided by operating activities 1,013,308 325,331
Cash flows from investing activities:    
Purchases of marketable and other securities (1,181,205) (477,408)
Sales or maturities of marketable securities 462,212 272,166
Capital expenditures (191,392) (105,310)
Net cash used in investing activities (910,385) (310,552)
Cash flows from financing activities:    
Proceeds in connection with capital and facility lease obligations 0 57,000
Payments in connection with capital and facility lease obligations 0 (19,925)
Proceeds from issuance of Common Stock 34,073 188,693
Payments in connection with Common Stock tendered for employee tax obligations (31,853) (31,437)
Net cash provided by financing activities 2,220 194,331
Net increase in cash, cash equivalents, and restricted cash 105,143 209,110
Cash, cash equivalents, and restricted cash at beginning of period 825,233 547,703
Cash, cash equivalents, and restricted cash at end of period $ 930,376 $ 756,813