XML 34 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Total revenues $ 3,489.8 $ 3,131.1
Cost and expenses:    
Cost of sales, excluding amortization and impairment of acquired intangible assets 602.0 446.0
Research and development 563.7 496.7
Selling, general and administrative 567.7 501.3
Loss on assets and liabilities held for sale 115.5 0.0
Amortization and impairment of acquired intangible assets 68.2 103.9
Collaboration profit (loss) sharing 58.1 42.5
Acquired in-process research and development 0.0 10.0
Loss (gain) on fair value remeasurement of contingent consideration 11.5 (5.6)
Restructuring charges 0.4 1.6
Total cost and expenses 1,987.1 1,596.4
Income from operations 1,502.7 1,534.7
Other income (expense), net 357.3 (41.0)
Income before income tax expense and equity in loss of investee, net of tax 1,860.0 1,493.7
Income tax expense 422.5 322.5
Equity in loss of investee, net of tax 28.7 0.0
Net income 1,408.8 1,171.2
Net income (loss) attributable to noncontrolling interests, net of tax 0.0 (1.7)
Net income attributable to Biogen Inc. $ 1,408.8 $ 1,172.9
Net income per share:    
Basic earnings per share attributable to Biogen Inc. $ 7.17 $ 5.55
Diluted earnings per share attributable to Biogen Inc. $ 7.15 $ 5.54
Weighted-average shares used in calculating:    
Basic earnings per share attributable to Biogen Inc. 196.6 211.4
Diluted earnings per share attributable to Biogen Inc. 197.0 211.7
Product, net    
Total revenues $ 2,680.0 $ 2,523.5
Revenues from anti-CD20 therapeutic programs    
Total revenues 517.4 443.2
Other    
Total revenues $ 292.4 $ 164.4