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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 326,802 $ 192,730
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense (benefit) 52,156 (18,059)
Shortfall tax benefits from stock-based compensation (331) (559)
Depreciation and amortization 93,389 106,724
Stock-based compensation expense 16,950 21,630
Amortization of debt discount and debt issuance costs 32,776 35,692
Changes in fair value of investments (264,208)  
Loss (gain) on foreign exchange contracts (5,089) 9,499
Impairment and (gain) loss on sale of assets 54,056  
Other 23,090 3,752
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (37,532) (25,581)
Inventory 5,646 18,985
Other assets 1,207 9,474
Accounts payable and accrued expenses (11,445) 23,955
Other liabilities (65,462) (189)
Net cash provided by operating activities 222,005 378,053
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (28,049) (22,997)
Proceeds from sale of property and equipment 818  
Cash balance from consolidation of variable interest entity 15,513  
Acquisition of Mepha GmbH, net of cash acquired   (549,463)
Acquisition of GeminX Pharmaceuticals, Inc., net of cash acquired (184,198)  
Acquisition of ChemGenex Ltd., net of cash acquired (179,931)  
Purchases of investments (135,453) (60)
(Cash settlements of) proceeds from foreign exchange contracts 7,111 (9,499)
Net cash used for investing activities (504,189) (582,019)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under the employee stock purchase plan 349  
Proceeds from exercises of common stock options 133,703 14,370
Windfall tax benefits from stock-based compensation 12,060  
Acquisition of treasury stock   (33)
Payments on and retirements of long-term debt (35,763) (221,478)
Acquisition of Ception Therapeutics, Inc. noncontrolling interest   (299,289)
Acquisition of ChemGenex Ltd. noncontrolling interest (6,602)  
Net cash provided by (used for) financing activities 103,747 (506,430)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 15,674 (9,793)
NET DECREASE IN CASH AND CASH EQUIVALENTS (162,763) (720,189)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,160,239 1,647,635
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 997,476 [1] $ 927,446
[1] Amounts include assets and liabilities of our variable interest entities (VIEs). Our interests and obligations with respect to VIEs' assets and liabilities are limited to those accorded to us in our agreements with our VIEs. See Note 2 to these consolidated financial statements for amounts.