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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total revenues $ 3,600.1 $ 3,439.0 $ 10,706.6 $ 9,926.6
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 430.0 460.8 1,508.3 1,327.8
Research and development 540.4 507.9 1,588.9 1,985.6
Selling, general and administrative 554.5 497.7 1,709.8 1,515.2
Amortization and impairment of acquired intangible assets 283.9 281.9 422.2 493.2
Collaboration profit (loss) sharing 60.2 47.5 181.8 129.2
Loss on divestiture of Hillerød, Denmark manufacturing operations (17.7) 0.0 95.5 0.0
(Gain) loss on fair value remeasurement of contingent consideration (57.8) (87.9) (66.3) (91.6)
Restructuring charges 0.3 6.0 1.5 9.2
Acquired in-process research and development 0.0 27.5 0.0 112.5
Total cost and expenses 1,793.8 1,741.4 5,441.7 5,481.1
Income from operations 1,806.3 1,697.6 5,264.9 4,445.5
Other income (expense), net (27.3) 115.1 132.6 39.6
Income before income tax expense and equity in loss of investee, net of tax 1,779.0 1,812.7 5,397.5 4,485.1
Income tax expense 211.3 369.8 881.9 956.0
Equity in loss of investee, net of tax 21.8 0.0 66.8 0.0
Net income 1,545.9 1,442.9 4,448.8 3,529.1
Net income (loss) attributable to noncontrolling interests, net of tax 0.0 (1.5) 0.0 45.2
Net income attributable to Biogen Inc. $ 1,545.9 $ 1,444.4 $ 4,448.8 $ 3,483.9
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 8.40 $ 7.17 $ 23.38 $ 16.86
Diluted earnings per share attributable to Biogen Inc. $ 8.39 $ 7.15 $ 23.35 $ 16.83
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 184.0 201.4 190.3 206.6
Diluted earnings per share attributable to Biogen Inc. 184.2 201.9 190.5 207.0
Product, net        
Total revenues $ 2,894.7 $ 2,780.1 $ 8,455.0 $ 8,061.1
Revenues from anti-CD20 therapeutic programs        
Total revenues 595.8 511.7 1,689.6 1,445.3
Other        
Total revenues $ 109.6 $ 147.2 $ 562.0 $ 420.2