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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenues $ 3,681.6 $ 3,616.7 $ 7,215.9 $ 7,106.5
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 411.1 476.3 865.5 1,078.3
Research and development 647.6 484.8 1,123.9 1,048.5
Selling, general and administrative 555.1 587.6 1,125.2 1,155.3
Amortization and impairment of acquired intangible assets 61.5 70.1 133.0 138.3
Collaboration profit (loss) sharing 21.8 63.5 93.5 121.6
Loss on divestiture of Hillerød, Denmark manufacturing operations 0.0   0.0 113.2
(Gain) loss on fair value remeasurement of contingent consideration 10.0 (20.0) 5.5 (8.5)
Restructuring charges 0.0 0.8 0.0 1.2
Acquired in-process research and development 0.0 0.0 75.0 0.0
Total cost and expenses 1,707.1 1,660.8 3,421.6 3,647.9
Income from operations 1,974.5 1,955.9 3,794.3 3,458.6
Other income (expense), net 63.0 (197.4) (57.5) 159.9
Income before income tax expense and equity in loss of investee, net of tax 2,037.5 1,758.5 3,736.8 3,618.5
Income tax expense 446.1 248.1 738.2 670.6
Equity in loss of investee, net of tax (15.1) 16.3 (0.4) 45.0
Net income 1,606.5 1,494.1 2,999.0 2,902.9
Net income (loss) attributable to noncontrolling interests, net of tax 64.4 0.0 57.8 0.0
Net income attributable to Biogen Inc. $ 1,542.1 $ 1,494.1 $ 2,941.2 $ 2,902.9
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 9.60 $ 7.85 $ 17.65 $ 15.01
Diluted earnings per share attributable to Biogen Inc. $ 9.59 $ 7.85 $ 17.61 $ 14.99
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 160.6 190.3 166.7 193.4
Diluted earnings per share attributable to Biogen Inc. 160.9 190.4 167.0 193.7
Product, net        
Total revenues $ 2,795.7 $ 2,880.3 $ 5,700.3 $ 5,560.3
Revenues from anti-CD20 therapeutic programs        
Total revenues 478.3 576.4 998.7 1,093.8
Other        
Total revenues $ 407.6 $ 160.0 $ 516.9 $ 452.4