XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 2,107,457 $ 593,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 332,434 268,898
Depreciation expense 80,160 80,685
Increase in fair value of contingent consideration 12,600 2,959
Deferred income taxes 65,110 94,175
Gains on equity securities (140,866) (68,862)
Other non-cash items, net 52,371 (4,024)
Changes in operating assets and liabilities:    
Accounts receivable, net (151,191) (41,444)
Inventories (94,907) (45,280)
Prepaid expenses and other assets (264,909) (23,709)
Accounts payable 16,153 (12,210)
Accrued expenses 451,084 255,699
Other liabilities 296,477 22,859
Net cash provided by operating activities 2,761,973 1,123,322
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (246,937) (381,739)
Maturities of available-for-sale debt securities 184,419 375,145
Sale of equity securities 149,595 0
Payment to acquire business, net of cash acquired 0 (245,824)
Expenditures for property and equipment (212,109) (58,690)
Investment in equity securities (19,327) (27,219)
Net cash used in investing activities (144,359) (338,327)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 234,854 144,630
Repurchases of common stock (408,033) (150,017)
Payments in connection with common stock withheld for employee tax obligations (179,775) (5,936)
Payments on finance leases (31,378) (28,879)
Proceeds related to finance leases 8,642 1,002
Advance from collaborator 5,000 10,000
Repayments of advanced funding (2,741) (4,316)
Other financing activities (6,658) (1,132)
Net cash used in financing activities (380,089) (34,648)
Effect of changes in exchange rates on cash 2,779 (4,009)
Net increase in cash and cash equivalents 2,240,304 746,338
Cash, cash equivalents and restricted cash—beginning of period 3,120,681 2,658,253
Cash, cash equivalents and restricted cash—end of period 5,360,985 3,404,591
Supplemental disclosure of cash flow information:    
Cash paid for interest 40,769 41,704
Cash paid for income taxes 81,684 22,838
Issuances of common stock from employee benefit plans receivable 45 13
Accrued share repurchase liability $ 0 $ 12,001