XML 57 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Product, net $ 9,817.9 $ 9,188.5 $ 8,203.4
Revenues from anti-CD20 therapeutic programs 1,314.5 1,339.2 1,195.4
Other 316.4 236.1 304.5
Total revenues 11,448.8 10,763.8 9,703.3
Cost and expenses:      
Cost of sales, excluding amortization of acquired intangible assets (1,478.7) (1,240.4) (1,171.0)
Research and development (1,973.3) (2,012.8) (1,893.4)
Selling, general and administrative (1,947.9) (2,113.1) (2,232.3)
Amortization of acquired intangible assets (385.6) (382.6) (489.8)
Restructuring charges (33.1) (93.4) 0.0
Loss (gain) on fair value remeasurement of contingent consideration 14.8 30.5 (38.9)
Collaboration profit (loss) sharing (10.2) 0.0 0.0
TECFIDERA litigation settlement and license charges 454.8 0.0 0.0
Total cost and expenses 6,298.4 5,872.8 5,747.7
Gain on sale of rights 0.0 0.0 16.8
Income from operations 5,150.4 4,891.0 3,972.4
Other income (expense), net (217.4) (123.7) (25.8)
Income before income tax expense and equity in loss of investee, net of tax 4,933.0 4,767.3 3,946.6
Income tax expense 1,237.3 1,161.6 989.9
Equity in loss of investee, net of tax 0.0 12.5 15.1
Net income 3,695.7 3,593.2 2,941.6
Net (loss) income attributable to noncontrolling interests, net of tax (7.1) 46.2 6.8
Net income attributable to Biogen Inc. $ 3,702.8 $ 3,547.0 $ 2,934.8
Net income per share:      
Basic earnings per share attributable to Biogen Inc. $ 16.96 $ 15.38 $ 12.42
Diluted earnings per share attributable to Biogen Inc. $ 16.93 $ 15.34 $ 12.37
Weighted-average shares used in calculating:      
Basic earnings per share attributable to Biogen Inc. 218.4 230.7 236.4
Diluted earnings per share attributable to Biogen Inc. 218.8 231.2 237.2