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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenues $ 3,534.3 $ 3,489.8
Cost and expenses:    
Cost of sales, excluding amortization and impairment of acquired intangible assets 454.3 602.0
Research and development 476.3 563.7
Selling, general and administrative 570.1 567.7
Amortization and impairment of acquired intangible assets 71.5 68.2
Collaboration profit (loss) sharing 71.8 58.1
Loss on divestiture of Hillerød, Denmark manufacturing operations 0.0  
(Gain) loss on fair value remeasurement of contingent consideration (4.6) 11.5
Restructuring charges 0.0 0.4
Acquired in-process research and development 75.0 0.0
Total cost and expenses 1,714.4 1,987.1
Income from operations 1,819.9 1,502.7
Other income (expense), net (120.5) 357.3
Income before income tax expense and equity in loss of investee, net of tax 1,699.4 1,860.0
Income tax expense 292.0 422.5
Equity in loss of investee, net of tax 14.8 28.7
Net income 1,392.6 1,408.8
Net income (loss) attributable to noncontrolling interests, net of tax (6.5) 0.0
Net income attributable to Biogen Inc. $ 1,399.1 $ 1,408.8
Net income per share:    
Basic earnings per share attributable to Biogen Inc. $ 8.10 $ 7.17
Diluted earnings per share attributable to Biogen Inc. $ 8.08 $ 7.15
Weighted-average shares used in calculating:    
Basic earnings per share attributable to Biogen Inc. 172.8 196.6
Diluted earnings per share attributable to Biogen Inc. 173.1 197.0
Product, net    
Total revenues $ 2,904.6 $ 2,680.0
Revenues from anti-CD20 therapeutic programs    
Total revenues 520.4 517.4
Other    
Total revenues $ 109.3 $ 292.4