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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 1,624,047 $ 1,024,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,441 110,960
Non-cash compensation expense 300,652 380,144
Other non-cash items, net (82,694) 44,016
Deferred taxes (33,521) (108,242)
Changes in assets and liabilities:    
Increase in Sanofi, Bayer, and trade accounts receivable (228,605) (359,829)
Increase in inventories (281,624) (235,645)
Increase in prepaid expenses and other assets (87,817) (28,209)
Increase (decrease) in deferred revenue (29,462) (59,116)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 179,852 (28,908)
Total adjustments (157,778) (284,829)
Net cash provided by operating activities 1,466,269 740,163
Cash flows from investing activities:    
Purchases of marketable and other securities (1,533,558) (883,748)
Sales or maturities of marketable securities 644,103 379,275
Capital expenditures (297,638) (164,963)
Other (10,000) 0
Net cash used in investing activities (1,197,093) (669,436)
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 87,408 226,892
Payments in connection with Common Stock tendered for employee tax obligations (77,096) (77,832)
Repurchases of Common Stock (4,378) 0
Net cash provided by financing activities 5,934 186,135
Net increase in cash, cash equivalents, and restricted cash 275,110 256,862
Cash, cash equivalents, and restricted cash at beginning of period 825,233 547,703
Cash, cash equivalents, and restricted cash at end of period $ 1,100,343 $ 804,565