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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 1,440,023 $ 536,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 232,895 183,478
Depreciation expense 53,518 54,838
Increase in fair value of contingent consideration 10,800 0
Deferred income taxes 8,963 87,358
Gains on equity securities (65,116) (100,078)
Other non-cash items, net 16,307 6,006
Changes in operating assets and liabilities:    
Accounts receivable, net (164,139) (55,870)
Inventories (64,386) (25,174)
Prepaid expenses and other assets (28,923) (17,580)
Accounts payable 14,697 (28,074)
Accrued expenses 369,851 113,968
Other liabilities 29,735 33,603
Net cash provided by operating activities 1,854,225 788,533
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (126,577) (263,636)
Maturities of available-for-sale debt securities 145,395 228,707
Sale of equity securities 127,874 0
Expenditures for property and equipment (37,314) (34,399)
Investment in equity securities (5,800) (20,000)
Net cash provided by (used in) investing activities 103,578 (89,328)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 213,058 114,092
Repurchases of common stock (300,026) (150,017)
Payments in connection with common stock withheld for employee tax obligations (139,247) (5,832)
Payments on finance leases (20,730) (18,926)
Proceeds related to finance leases 5,833 1,002
Advance from collaborator 3,500 7,500
Repayments of advanced funding (1,793) (2,823)
Net cash used in financing activities (239,405) (55,004)
Effect of changes in exchange rates on cash (3,379) (808)
Net increase in cash and cash equivalents 1,715,019 643,393
Cash, cash equivalents and restricted cash—beginning of period 3,120,681 2,658,253
Cash, cash equivalents and restricted cash—end of period 4,835,700 3,301,646
Supplemental disclosure of cash flow information:    
Cash paid for interest 27,347 27,109
Cash paid for income taxes 36,813 10,902
Issuances of common stock from employee benefit plans receivable $ 137 $ 539