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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 2,670.1 $ 3,695.7 $ 3,593.2
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 1,081.0 682.7 600.4
Acquired in-process research and development 120.0 0.0 0.0
Share-based compensation 128.0 154.8 161.4
Deferred income taxes 91.7 (175.0) (145.6)
Loss (gain) on fair value remeasurement of contingent consideration 62.7 14.8 30.5
Other 162.1 89.0 129.9
Changes in operating assets and liabilities, net:      
Accounts receivable (435.6) (241.4) 29.0
Due from anti-CD20 therapeutic programs (232.0) 13.9 (31.1)
Inventory (94.5) (165.6) (174.4)
Other assets (76.6) 59.1 (127.0)
Accrued expenses and other current liabilities (227.4) 622.3 199.3
Income tax assets and liabilities 1,303.9 (232.6) (429.4)
Other liabilities (2.4) 69.5 83.2
Net cash flows provided by operating activities 4,551.0 4,587.2 3,919.4
Cash flows from investing activities:      
Proceeds from sales and maturities of marketable securities 5,565.9 7,378.9 4,063.0
Purchases of marketable securities (5,355.2) (7,913.2) (6,864.9)
Contingent consideration related to Fumapharm AG acquisition (1,200.0) (1,200.0) (850.0)
Payments to Acquire in Process Research and Development (120.0) 0.0 0.0
Acquisitions of businesses, net of cash acquired 0.0 0.0 (198.8)
Purchases of property, plant and equipment (867.4) (616.1) (643.0)
Acquisitions of intangible assets (975.4) (111.6) (15.4)
Other (11.0) (22.8) (44.5)
Net cash flows used in investing activities (2,963.1) (2,484.8) (4,553.6)
Cash flows from financing activities:      
Purchases of treasury stock (1,365.4) (1,000.0) (5,000.0)
Payments related to issuance of stock for share-based compensation arrangements, net (5.3) (8.5) (70.9)
Net distribution to noncontrolling interest (134.1) 0.0 (56.1)
Proceeds from borrowings 0.0 0.0 5,930.5
Repayments of borrowings (560.9) (2.7) (2.1)
Net cash contribution to Bioverativ, Inc. (302.7) 0.0 0.0
Contingent consideration payments (3.0) (38.6) (13.1)
Other (8.6) (2.8) (5.2)
Net cash flows provided by (used in) financing activities (2,380.0) (1,052.6) 783.1
Net increase in cash and cash equivalents (792.1) 1,049.8 148.9
Effect of exchange rate changes on cash and cash equivalents 39.4 (31.3) (45.8)
Cash and cash equivalents, beginning of the year 2,326.5 1,308.0 1,204.9
Cash and cash equivalents, end of the year $ 1,573.8 $ 2,326.5 $ 1,308.0