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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 602,753 $ 268,631
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 115,706 93,791
Depreciation expense 26,821 27,140
Increase in fair value of contingent consideration 1,600 0
Deferred income taxes 36,705 43,425
Losses (gains) on equity securities 44,870 (43,551)
Other non-cash items, net 9,668 (2,431)
Changes in operating assets and liabilities:    
Accounts receivable, net (223,672) (30,136)
Inventories (27,450) (13,139)
Prepaid expenses and other assets 2,790 7,941
Accounts payable 14,285 (24,145)
Accrued expenses 153,814 (27,279)
Other liabilities 57,808 24,537
Net cash provided by operating activities 815,698 324,784
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (75,265) (128,215)
Maturities of available-for-sale debt securities 60,145 107,118
Sale of equity securities 72,036 0
Expenditures for property and equipment (19,450) (18,041)
Investment in equity securities (5,800) 0
Net cash provided by (used in) investing activities 31,666 (39,138)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 79,597 63,620
Repurchases of common stock (300,026) (94,007)
Payments in connection with common stock withheld for employee tax obligations (136,167) (5,832)
Payments on finance leases (10,287) (9,385)
Proceeds related to finance leases 5,833 0
Advance from collaborator 2,500 5,000
Repayments of advanced funding (880) (1,385)
Net cash used in financing activities (359,430) (41,989)
Effect of changes in exchange rates on cash (6,651) (378)
Net increase in cash and cash equivalents 481,283 243,279
Cash, cash equivalents and restricted cash—beginning of period 3,120,681 2,658,253
Cash, cash equivalents and restricted cash—end of period 3,601,964 2,901,532
Supplemental disclosure of cash flow information:    
Cash paid for interest 13,771 13,148
Cash paid for income taxes 5,845 1,835
Issuances of common stock from employee benefit plans receivable 817 510
Accrued share repurchase liability $ 0 $ 4,000