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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flow from operating activities:      
Net income $ 1,292.9 $ 1,632.2 $ 1,161.5
Adjustments to reconcile net income to net cash flow from operating activities:      
Depreciation and amortization 779.9 673.2 494.8
Impairment of intangible assets 7.9 60.2 0.0
Impairment of ROU asset 52.9 0.0 0.0
Excess and obsolescence charges related to inventory 29.2 101.9 124.4
Amortization of acquired inventory step-up 240.8 230.0 31.5
Acquired in-process research and development 85.0 0.0 0.0
Share-based compensation 290.8 291.2 264.2
Contingent consideration 33.6 27.7 0.0
Deferred income taxes 361.6 (158.1) (305.8)
(Gain) loss on strategic investments 19.3 101.4 277.1
Gain on sale of priority review voucher, net 0.0 (88.6) 0.0
Other 68.3 159.6 148.2
Changes in operating assets and liabilities, net of effects of business acquired:      
Accounts receivable 102.7 222.3 61.3
Due from anti-CD20 therapeutic programs (60.6) (28.1) (4.6)
Inventory (64.7) (273.8) (130.9)
Accrued expense and other current liabilities 171.1 24.6 (201.6)
Income tax assets and liabilities (958.1) 78.5 (299.0)
Other changes in operating assets and liabilities, net (248.0) (178.7) (73.9)
Net cash flow provided by (used in) operating activities 2,204.6 2,875.5 1,547.2
Cash flow from investing activities:      
Purchases of property, plant and equipment (153.8) (153.7) (277.0)
Proceeds from sales and maturities of marketable securities 23.0 0.0 7,380.8
Purchases of marketable securities (1,258.3) 0.0 (5,140.7)
Proceeds from sale of equity interest in Samsung Bioepis 0.0 406.8 788.1
Proceeds from sale of priority review voucher, net 0.0 88.6 0.0
Acquired in-process research and development (50.0) 0.0 0.0
Acquisitions of intangible assets (31.6) (206.1) (34.4)
Proceeds from sales of strategic investments 56.7 144.7 119.6
Other 42.9 (4.7) (11.3)
Net cash flow provided by (used in) investing activities (1,371.1) (799.2) (4,101.0)
Cash flow from financing activities:      
Payments related to issuance of stock for share-based compensation arrangements, net (10.0) (31.3) (44.3)
Proceeds from borrowings 1,733.1 0.0 997.2
Repayments of borrowings (1,750.0) (650.0) (809.9)
Net (distribution) contribution to noncontrolling interest 0.0 0.0 12.3
Contingent consideration payments (280.0) 0.0 0.0
Other 5.0 (2.2) (6.0)
Net cash flow provided by (used in) financing activities (301.9) (683.5) 149.3
Net increase (decrease) in cash and cash equivalents 531.6 1,392.8 (2,404.5)
Effect of exchange rate changes on cash and cash equivalents 101.9 (67.7) 35.1
Cash and cash equivalents, beginning of the year 2,375.0 1,049.9 3,419.3
Cash and cash equivalents, end of the year 3,008.5 2,375.0 1,049.9
Reata Pharmaceuticals, Inc      
Cash flow from investing activities:      
Acquisition, net of cash acquired 0.0 0.0 (6,926.1)
Hi-Bio Acquisition      
Cash flow from investing activities:      
Acquisition, net of cash acquired $ 0.0 $ (1,074.8) $ 0.0