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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Product, net $ 2,198,566 $ 2,056,292 $ 4,370,888 $ 3,799,057
Unconsolidated joint business 337,510 303,296 668,121 600,181
Other 55,566 61,864 107,596 151,965
Total revenues 2,591,642 2,421,452 5,146,605 4,551,203
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 286,120 291,887 598,551 571,132
Research and development 490,728 447,273 951,277 976,157
Selling, general and administrative 491,895 576,622 1,052,256 1,088,296
Amortization of acquired intangible assets 92,004 116,826 187,907 260,084
(Gain) loss on fair value remeasurement of contingent consideration (2,201) 4,019 5,643 3,220
Total cost and expenses 1,358,546 1,436,627 2,795,634 2,898,889
Gain on sale of rights 0 3,900 0 7,759
Income from operations 1,233,096 988,725 2,350,971 1,660,073
Other income (expense), net (10,889) 4,861 (25,875) (740)
Income before income tax expense and equity in loss of investee, net of tax 1,222,207 993,586 2,325,096 1,659,333
Income tax expense 292,501 268,521 574,382 446,935
Equity in loss of investee, net of tax 4,881 1,933 5,715 9,538
Net income 924,825 723,132 1,744,999 1,202,860
Net income (loss) attributable to noncontrolling interests, net of tax (2,451) 8,626 (4,818) 8,398
Net income attributable to Biogen Inc. $ 927,276 $ 714,506 $ 1,749,817 $ 1,194,462
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 3.94 $ 3.02 $ 7.44 $ 5.05
Diluted earnings per share attributable to Biogen Inc. $ 3.93 $ 3.01 $ 7.42 $ 5.03
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 235,286 236,661 235,122 236,729
Diluted earnings per share attributable to Biogen Inc. 235,718 237,401 235,671 237,634