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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Total revenues $ 3,356.5 $ 3,078.4 $ 6,487.6 $ 5,889.1
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 421.0 366.2 867.0 750.8
Research and development 981.0 796.2 1,477.7 1,219.6
Selling, general and administrative 516.2 429.8 1,017.5 928.5
Amortization of acquired intangible assets 107.4 117.5 211.3 566.0
Acquired in-process research and development 75.0 120.0 85.0 120.0
Collaboration profit (loss) sharing 39.2 26.5 81.7 47.3
Loss (gain) on fair value remeasurement of contingent consideration 1.9 21.2 (3.7) 31.2
Restructuring charges 1.6 0.0 3.2 0.0
Total cost and expenses 2,143.3 1,877.4 3,739.7 3,663.4
Income from operations 1,213.2 1,201.0 2,747.9 2,225.7
Other income (expense), net (34.5) (68.6) (75.5) (106.6)
Income before income tax expense and equity in loss of investee, net of tax 1,178.7 1,132.4 2,672.4 2,119.1
Income tax expense 263.7 269.6 586.2 508.8
Equity in loss of investee, net of tax 0.0 0.0 0.0 0.0
Net income 915.0 862.8 2,086.2 1,610.3
Net income (loss) attributable to noncontrolling interests, net of tax 48.4 0.0 46.7 (0.1)
Net income attributable to Biogen Inc. $ 866.6 $ 862.8 $ 2,039.5 $ 1,610.4
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 4.18 $ 4.07 $ 9.75 $ 7.53
Diluted earnings per share attributable to Biogen Inc. $ 4.18 $ 4.07 $ 9.73 $ 7.52
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 207.1 211.9 209.2 213.7
Diluted earnings per share attributable to Biogen Inc. 207.3 212.2 209.5 214.0
Product, net        
Total revenues $ 2,757.5 $ 2,639.7 $ 5,281.0 $ 5,019.8
Revenues from anti-CD20 therapeutic programs        
Total revenues 490.4 397.1 933.6 737.7
Other        
Total revenues $ 108.6 $ 41.6 $ 273.0 $ 131.6