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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Product, net $ 2,391,717 $ 2,117,366 $ 6,762,605 $ 5,916,423
Unconsolidated joint business 337,181 290,678 1,005,302 890,859
Other 48,961 103,402 156,557 255,367
Total revenues 2,777,859 2,511,446 7,924,464 7,062,649
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 310,028 302,639 908,579 873,771
Research and development 519,863 417,174 1,471,140 1,393,331
Selling, general and administrative 477,827 570,436 1,530,083 1,658,732
Amortization of acquired intangible assets 98,065 122,431 285,972 382,515
(Gain) loss on fair value remeasurement of contingent consideration 244 (49,433) 5,887 (46,213)
Total cost and expenses 1,406,027 1,363,247 4,201,661 4,262,136
Gain on sale of rights 0 4,379 0 12,138
Income from operations 1,371,832 1,152,578 3,722,803 2,812,651
Other income (expense), net (15,413) (16,290) (41,288) (17,030)
Income before income tax expense and equity in loss of investee, net of tax 1,356,419 1,136,288 3,681,515 2,795,621
Income tax expense 330,093 274,774 904,475 721,709
Equity in loss of investee, net of tax 6,833 5,394 12,548 14,932
Net income 1,019,493 856,120 2,764,492 2,058,980
Net income (loss) attributable to noncontrolling interests, net of tax 53,871 (738) 49,053 7,660
Net income attributable to Biogen Inc. $ 965,622 $ 856,858 $ 2,715,439 $ 2,051,320
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 4.16 $ 3.63 $ 11.60 $ 8.67
Diluted earnings per share attributable to Biogen Inc. $ 4.15 $ 3.62 $ 11.57 $ 8.64
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 232,191 236,217 234,134 236,641
Diluted earnings per share attributable to Biogen Inc. 232,612 236,972 234,659 237,449