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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 747.5 $ 969.2
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 512.0 149.7
Share-based compensation 37.0 45.3
Deferred income taxes 76.1 8.9
Other 18.1 (11.9)
Changes in operating assets and liabilities, net:    
Accounts receivable (195.7) (160.0)
Inventory (46.2) (88.6)
Accrued expenses and other current liabilities (684.2) (136.7)
Income tax assets and liabilities (195.1) 276.8
Other changes in operating assets and liabilities, net (34.3) (36.9)
Net cash flows provided by operating activities 235.2 1,015.8
Cash flows from investing activities:    
Proceeds from sales and maturities of marketable securities 1,884.3 1,181.1
Purchases of marketable securities (1,256.7) (1,914.4)
Contingent consideration related to Fumapharm AG acquisition 300.0 300.0
Purchases of property, plant and equipment (210.0) (126.9)
Acquisitions of intangible assets (855.2) (28.6)
Other (6.6) (14.4)
Net cash flows used in investing activities (744.2) (1,203.2)
Cash flows from financing activities:    
Purchases of treasury stock (583.6) 0.0
Payments related to issuance of stock for share-based compensation arrangements, net (25.5) (29.6)
Net cash contribution to Bioverativ 302.7 0.0
Other 10.4 24.6
Net cash flows used in financing activities (901.4) (5.0)
Net decrease in cash and cash equivalents (1,410.4) (192.4)
Effect of exchange rate changes on cash and cash equivalents 7.9 15.1
Cash and cash equivalents, beginning of the period 2,326.5 1,308.0
Cash and cash equivalents, end of the period $ 924.0 $ 1,130.7