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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Product, net $ 2,622.5 $ 2,539.6 $ 7,642.3 $ 7,315.0
Revenues from anti-CD20 therapeutic programs 406.5 317.6 1,144.2 996.3
Other 48.8 98.6 180.4 265.5
Total revenues 3,077.8 2,955.8 8,966.9 8,576.8
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 370.0 416.9 1,120.8 1,100.2
Research and development 446.4 529.0 1,666.0 1,439.4
Selling, general and administrative 433.8 462.7 1,363.1 1,452.4
Amortization of acquired intangible assets 108.9 99.7 674.9 281.4
Acquired in-process research and development 0.0 0.0 120.0 0.0
Collaboration profit (loss) sharing 35.2 4.7 82.5 (0.9)
(Gain) loss on fair value remeasurement of contingent consideration 30.0 5.9 61.2 18.8
Restructuring charges 0.0 11.6 0.0 21.3
Total cost and expenses 1,424.3 1,530.5 5,088.5 4,312.6
Income from operations 1,653.5 1,425.3 3,878.4 4,264.2
Other income (expense), net (43.6) (58.1) (149.4) (169.4)
Income before income tax expense and equity in loss of investee, net of tax 1,609.9 1,367.2 3,729.0 4,094.8
Income tax expense 383.8 337.0 892.6 1,047.0
Equity in loss of investee, net of tax 0.0 0.0 0.0 0.0
Net income 1,226.1 1,030.2 2,836.4 3,047.8
Net income (loss) attributable to noncontrolling interests, net of tax 0.0 (2.7) (0.1) (5.8)
Net income attributable to Biogen Inc. $ 1,226.1 $ 1,032.9 $ 2,836.5 $ 3,053.6
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 5.80 $ 4.72 $ 13.32 $ 13.95
Diluted earnings per share attributable to Biogen Inc. $ 5.79 $ 4.71 $ 13.30 $ 13.92
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 211.4 218.9 213.0 219.0
Diluted earnings per share attributable to Biogen Inc. 211.8 219.4 213.3 219.4