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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 536,058 $ 433,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 183,478 160,572
Depreciation expense 54,838 34,402
Write-downs of inventories to net realizable value 7,042 6,928
Deferred income taxes 87,358 3,516
Unrealized gain on equity securities (100,078) (149,376)
Other non-cash items, net (1,036) 10,014
Changes in operating assets and liabilities:    
Accounts receivable, net (55,870) (88,166)
Inventories (25,174) (9,366)
Prepaid expenses and other assets (17,580) 33,408
Accounts payable (28,074) 12,229
Accrued expenses 113,968 101,074
Other liabilities 33,603 25,574
Net cash provided by operating activities 788,533 574,360
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (263,636) (202,002)
Maturities of available-for-sale debt securities 228,707 171,028
Expenditures for property and equipment (34,399) (58,891)
Investment in equity securities (20,000) (21,500)
Net cash used in investing activities (89,328) (111,365)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 114,092 144,837
Repurchases of common stock (155,849) (115,033)
Payments on finance leases (18,926)  
Advance from collaborator 7,500 5,000
Repayments of advanced funding (2,823) (2,412)
Proceeds related to capital lease and construction financing lease obligations 1,002 9,566
Payments on capital lease and construction financing lease obligations   (14,061)
Other financing activities 0 (149)
Net cash (used in) provided by financing activities (55,004) 27,748
Effect of changes in exchange rates on cash (808) (4,201)
Net increase in cash and cash equivalents 643,393 486,542
Cash, cash equivalents and restricted cash—beginning of period 2,658,253 1,667,526
Cash, cash equivalents and restricted cash—end of period 3,301,646 2,154,068
Supplemental disclosure of cash flow information:    
Cash paid for interest 27,109 33,444
Cash paid for income taxes 10,902 7,069
Capitalization of costs related to construction financing lease obligation 0 5,176
Issuances of common stock from employee benefit plans receivable 539 13,634
Accrued share repurchase liability $ 0 $ 4,001