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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total Revenues $ 14,377.9 $ 13,452.9 $ 12,273.9
Cost and expenses:      
Cost of sales, excluding amortization and impairment of acquired intangible assets 1,955.4 1,816.3 1,630.0
Research and development 2,280.6 2,597.2 2,253.6
Selling, general and administrative 2,374.7 2,106.3 1,933.9
Amortization and impairment of acquired intangible assets 489.9 747.3 814.7
Collaboration profit (loss) sharing 241.6 185.0 112.3
Loss on divestiture of Hillerød, Denmark manufacturing operations 55.3 0.0 0.0
Acquired in-process research and development 0.0 112.5 120.0
(Gain) loss on fair value remeasurement of contingent consideration (63.7) (12.3) 62.7
Restructuring Charges 1.5 12.0 0.9
Total cost and expenses 7,335.3 7,564.3 6,928.1
Income from operations 7,042.6 5,888.6 5,345.8
Other income (expense), net 83.3 11.0 (217.0)
Income before income tax expense and equity in loss of investee, net of tax 7,125.9 5,899.6 5,128.8
Income tax expense 1,158.0 1,425.6 2,458.7
Equity in loss of investee, net of tax 79.4 0.0 0.0
Net income 5,888.5 4,474.0 2,670.1
Net income (loss) attributable to noncontrolling interests, net of tax 0.0 43.3 131.0
Net income attributable to Biogen Inc. $ 5,888.5 $ 4,430.7 $ 2,539.1
Net income per share:      
Basic earnings per share attributable to Biogen Inc. $ 31.47 $ 21.63 $ 11.94
Diluted earnings per share attributable to Biogen Inc. $ 31.42 $ 21.58 $ 11.92
Weighted-average shares used in calculating:      
Basic earnings per share attributable to Biogen Inc. 187.1 204.9 212.6
Diluted earnings per share attributable to Biogen Inc. 187.4 205.3 213.0
Product, net      
Total Revenues $ 11,379.8 $ 10,886.8 $ 10,354.7
Revenues from anti-cd20 therapeutic programs      
Total Revenues 2,290.4 1,980.2 1,559.2
Other revenue      
Total Revenues $ 707.7 $ 585.9 $ 360.0