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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total revenues $ 3,439.0 $ 3,077.8 $ 9,926.6 $ 8,966.9
Cost and expenses:        
Cost of sales, excluding amortization of acquired intangible assets 460.8 370.0 1,327.8 1,120.8
Research and development 507.9 446.4 1,985.6 1,666.0
Selling, general and administrative 497.7 433.4 1,515.2 1,361.9
Amortization of acquired intangible assets 281.9 108.9 493.2 674.9
Collaboration profit (loss) sharing 47.5 35.2 129.2 82.5
Acquired in-process research and development 27.5 0.0 112.5 120.0
Restructuring charges 6.0 0.0 9.2 0.0
(Gain) loss on fair value remeasurement of contingent consideration (87.9) 30.0 (91.6) 61.2
Total cost and expenses 1,741.4 1,423.9 5,481.1 5,087.3
Income from operations 1,697.6 1,653.9 4,445.5 3,879.6
Other income (expense), net 115.1 (44.0) 39.6 (150.6)
Income before income tax expense and equity in loss of investee, net of tax 1,812.7 1,609.9 4,485.1 3,729.0
Income tax expense 369.8 383.8 956.0 892.6
Equity in loss of investee, net of tax 0.0 0.0 0.0 0.0
Net income 1,442.9 1,226.1 3,529.1 2,836.4
Net income (loss) attributable to noncontrolling interests, net of tax (1.5) 0.0 45.2 (0.1)
Net income attributable to Biogen Inc. $ 1,444.4 $ 1,226.1 $ 3,483.9 $ 2,836.5
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 7.17 $ 5.80 $ 16.86 $ 13.32
Diluted earnings per share attributable to Biogen Inc. $ 7.15 $ 5.79 $ 16.83 $ 13.30
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 201.4 211.4 206.6 213.0
Diluted earnings per share attributable to Biogen Inc. 201.9 211.8 207.0 213.3
Product, net        
Total revenues $ 2,780.1 $ 2,622.5 $ 8,061.1 $ 7,642.3
Revenues from anti-CD20 therapeutic programs        
Total revenues 511.7 406.5 1,445.3 1,144.2
Other        
Total revenues $ 147.2 $ 48.8 $ 420.2 $ 180.4