v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 150,289 $ 426,218
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 114,049 40,632
Non-cash interest expense 27,912 1,320
Stock-based compensation 119,152 85,231
Impairment of assets 0 2,967
Deferred income taxes 2,261 61,771
Unrealized foreign exchange gains (4,046) (5,306)
Other (5,534) (4,633)
Changes in operating assets and liabilities, net of effects of business acquired:    
Accounts receivable, net (46,005) (156,124)
Inventory 12,334 (72,462)
Other current assets (23,589) (15,092)
Other assets 9,005 (13,505)
Accounts payable and accrued liabilities 26,265 3,111
Other long-term liabilities 6,667 5,537
Net cash provided by operating activities 388,760 359,665
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (49,739) (33,869)
Maturities and sales of investments 767,277 195,738
Purchases of investments (25,792) (202,433)
Purchase of intangible assets (5,433) (266)
Acquisition of Amicus, net of cash acquired (5,067,630) 0
Other 4,966 0
Net cash used in investing activities (4,376,351) (40,830)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 6,655 7,707
Taxes paid related to net share settlement of equity awards (39,504) (51,089)
Payments of contingent consideration 0 0
Proceeds from borrowings 3,650,000 0
Payments of debt issuance costs (65,604) 0
Net cash provided by (used in) financing activities 3,551,547 (43,382)
Effect of exchange rate changes on cash (1,630) (4,479)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (437,674) 270,974
Cash and cash equivalents:    
Beginning of period 1,311,679 942,842
End of period 874,005 1,213,816
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for interest 3,716 3,637
Cash paid for income taxes 53,504 62,385
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accounts payable and accrued liabilities related to fixed assets $ 8,025 $ 9,694