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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 624.6 $ 461.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56.1 51.0
Non-cash compensation expense 105.8 107.9
Other non-cash items, net 82.6 (23.8)
Deferred taxes 9.9 (10.7)
Changes in assets and liabilities:    
Increase in Sanofi, trade, and other accounts receivable (169.0) (91.1)
Increase in inventories (70.8) (58.6)
Decrease in prepaid expenses and other assets 70.1 54.3
Increase in deferred revenue 73.9 81.1
(Decrease) increase in accounts payable, accrued expenses, and other liabilities (85.2) 325.8
Total adjustments 73.4 435.9
Net cash provided by operating activities 698.0 897.0
Cash flows from investing activities:    
Purchases of marketable and other securities (714.3) (1,040.2)
Sales or maturities of marketable securities 441.2 338.4
Capital expenditures (170.1) (74.3)
Net cash used in investing activities (443.2) (776.1)
Cash flows from financing activities:    
Proceeds from issuance of Common Stock 811.4 140.6
Payments in connection with Common Stock tendered for employee tax obligations (155.1) (10.7)
Repurchases of Common Stock (320.7) (10.0)
Net cash provided by financing activities 335.6 119.9
Net increase in cash, cash equivalents, and restricted cash 590.4 240.8
Cash, cash equivalents, and restricted cash at beginning of period 1,630.3 1,480.2
Cash, cash equivalents, and restricted cash at end of period $ 2,220.7 $ 1,721.0