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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Product, net $ 2,639.7 $ 2,466.0 $ 5,019.8 $ 4,775.4
Revenues from anti-CD20 therapeutic programs 397.1 349.2 737.7 678.7
Other 41.6 79.0 131.6 166.9
Total revenues 3,078.4 2,894.2 5,889.1 5,621.0
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 366.2 370.3 750.8 683.3
Research and development 796.2 473.1 1,219.6 910.4
Selling, general and administrative 430.2 492.4 929.3 989.7
Amortization of acquired intangible assets 117.5 92.9 566.0 181.7
Acquired in-process research and development 120.0 0.0 120.0 0.0
Collaboration profit (loss) sharing 26.5 (5.6) 47.3 (5.6)
(Gain) loss on fair value remeasurement of contingent consideration 21.2 10.6 31.2 12.9
Restructuring charges 0.0 0.0 0.0 9.7
Total cost and expenses 1,877.8 1,433.7 3,664.2 2,782.1
Income from operations 1,200.6 1,460.5 2,224.9 2,838.9
Other income (expense), net (68.2) (58.5) (105.8) (111.3)
Income before income tax expense and equity in loss of investee, net of tax 1,132.4 1,402.0 2,119.1 2,727.6
Income tax expense 269.6 353.6 508.8 710.0
Equity in loss of investee, net of tax 0.0 0.0 0.0 0.0
Net income 862.8 1,048.4 1,610.3 2,017.6
Net income (loss) attributable to noncontrolling interests, net of tax 0.0 (1.4) (0.1) (3.1)
Net income attributable to Biogen Inc. $ 862.8 $ 1,049.8 $ 1,610.4 $ 2,020.7
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 4.07 $ 4.79 $ 7.53 $ 9.23
Diluted earnings per share attributable to Biogen Inc. $ 4.07 $ 4.79 $ 7.52 $ 9.21
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 211.9 219.1 213.7 219.0
Diluted earnings per share attributable to Biogen Inc. 212.2 219.4 214.0 219.3