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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities:      
Net income $ 1,727.6 $ 4,060.5 $ 5,888.5
Adjustments to reconcile net income to net cash flow from operating activities:      
Depreciation and amortization 487.7 457.2 464.7
Impairment of intangible assets 629.3 209.7 215.9
Excess and obsolescence charges related to inventory 167.6 26.6 52.2
Acquired in-process research and development 18.0 75.0 0.0
Share-based compensation 238.6 198.3 182.3
Changes in fair value (50.7) (86.3) (63.7)
(Gain)/loss on divestiture of Hillerød, Denmark manufacturing operations 0.0 (92.5) 55.3
Deferred income taxes (426.8) 149.0 67.1
(Gain) loss on strategic investments 826.8 (681.8) (147.3)
(Gain) loss on equity method investment (34.9) (3.3) 77.4
Other 202.2 104.6 86.9
Changes in operating assets and liabilities, net:      
Accounts receivable 324.8 2.8 68.8
Due from anti-CD20 therapeutic programs 1.2 176.7 (63.3)
Inventory (462.4) (316.3) (19.2)
Accrued expense and other current liabilities (95.4) 154.2 240.2
Income tax assets and liabilities 230.8 (67.5) 16.1
Other changes in operating assets and liabilities, net (144.5) (137.1) (43.3)
Net cash flow provided by operating activities 3,639.9 4,229.8 7,078.6
Cash flow from investing activities:      
Purchases of property, plant and equipment (258.1) (424.8) (514.5)
Proceeds from sales and maturities of marketable securities 3,405.4 7,299.4 6,007.0
Purchases of marketable securities (3,808.7) (6,397.7) (5,252.6)
Contingent consideration paid related to Fumapharm AG acquisition 0.0 0.0 (300.0)
Acquisition of Nightstar Therapeutics plc, net of cash acquired 0.0 0.0 (744.4)
Proceeds from divestiture of Hillerød, Denmark manufacturing operations 28.1 0.0 923.7
Acquired in-process research and development (18.0) (75.0) 0.0
Acquisitions of intangible assets (18.8) (52.0) (155.0)
Proceeds from sales of strategic investments 93.5 74.9 479.3
Other 12.9 (26.9) 27.0
Net cash flow (used in) provided by investing activities (563.7) (608.6) 470.5
Cash flow from financing activities:      
Purchase of treasury stock (1,800.0) (6,679.1) (5,868.3)
Payments related to issuance of stock for share-based compensation arrangements, net (0.7) (4.6) 0.0
Repayments of borrowings and premiums paid on debt exchange (170.0) 0.0 0.0
Proceeds from borrowings 0.0 2,967.4 0.0
Repayments of borrowings 0.0 (1,500.0) 0.0
Net (distribution) contribution to noncontrolling interest (94.4) (71.0) 4.3
Other (21.1) 14.6 3.6
Net cash flow used in financing activities (2,086.2) (5,272.7) (5,860.4)
Net increase (decrease) in cash and cash equivalents 990.0 (1,651.5) 1,688.7
Effect of exchange rate changes on cash and cash equivalents (59.8) 69.0 0.4
Cash and cash equivalents, beginning of the year 1,331.2 2,913.7 1,224.6
Cash and cash equivalents, end of the year 2,261.4 1,331.2 2,913.7
Sangamo Therapeutics, Inc. Agreement      
Cash flow from investing activities:      
Purchase of subsidiaries and affiliates 0.0 (141.8) 0.0
Denali Therapeutics      
Cash flow from investing activities:      
Purchase of subsidiaries and affiliates 0.0 (423.7) 0.0
Sage Therapeutics      
Cash flow from investing activities:      
Purchase of subsidiaries and affiliates $ 0.0 $ (441.0) $ 0.0