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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ (535.6) $ 3,619.6 $ 3,322.0
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Stock-based compensation expense 698.5 581.2 491.3
Depreciation and amortization expenses 207.2 181.3 148.3
Deferred income taxes (348.8) (536.5) (275.9)
Losses on equity securities 57.7 0.6 149.1
Decrease in fair value of contingent consideration (0.5) (51.6) (57.5)
Other non-cash items, net (56.3) 8.4 11.8
Changes in operating assets and liabilities:      
Accounts receivable, net (99.3) (84.1) (358.6)
Inventories (517.3) (322.9) (136.4)
Prepaid expenses and other assets (200.3) (545.7) (326.4)
Accounts payable 49.5 48.7 120.8
Accrued expenses 212.9 429.4 542.5
Other liabilities 39.7 208.9 498.9
Net cash (used in) provided by operating activities (492.6) 3,537.3 4,129.9
Cash flows from investing activities:      
Purchases of available-for-sale debt securities (7,438.2) (3,786.5) (692.7)
Sales and maturities of available-for-sale debt securities 4,465.6 839.1 920.0
Purchases of property and equipment (297.7) (200.4) (204.7)
Sale of equity securities 0.0 95.1 0.0
Net payments related to finite-lived intangible assets (187.7) (58.0) 0.0
Acquisition of available-for-sale debt securities from Alpine Immune Sciences, Inc. (258.0) 0.0 0.0
Payment to acquire ViaCyte, Inc., net of cash acquired 0.0 0.0 (295.9)
Other investing activities (54.0) (31.0) (47.8)
Net cash used in investing activities (3,770.0) (3,141.7) (321.1)
Cash flows from financing activities:      
Issuances of common stock under benefit plans 114.6 134.6 186.3
Repurchases of common stock (1,177.1) (427.6) 0.0
Payments in connection with common stock withheld for employee tax obligations (405.0) (226.1) (172.0)
Payments on finance leases (33.6) (44.9) (85.5)
Other financing activities 6.2 1.8 3.5
Net cash used in financing activities (1,494.9) (562.2) (67.7)
Effect of changes in exchange rates on cash (42.6) 26.9 (29.2)
Net (decrease) increase in cash, cash equivalents and restricted cash (5,800.1) (139.7) 3,711.9
Cash, cash equivalents and restricted cash—beginning of period 10,372.3 10,512.0 6,800.1
Cash, cash equivalents and restricted cash—end of period 4,572.2 10,372.3 10,512.0
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1,082.1 1,677.3 1,057.8
Cash paid for interest 30.5 43.1 52.3
Net payments due to CRISPR Therapeutics AG related to finite-lived intangible assets $ 0.0 $ 180.0 $ 0.0