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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ 3,376.1 $ 3,600.1 $ 10,592.0 $ 10,706.6
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 449.1 430.0 1,314.6 1,508.3
Research and development 1,140.9 540.4 2,264.8 1,588.9
Selling, general and administrative 573.1 554.5 1,698.3 1,709.8
Amortization and impairment of acquired intangible assets 63.3 68.0 196.3 206.3
Collaboration profit (loss) sharing 73.0 60.2 166.5 181.8
Loss on divestiture of Hillerød, Denmark manufacturing operations 0.0   0.0 95.5
(Gain) loss on fair value remeasurement of contingent consideration (29.0) (57.8) (23.5) (66.3)
Restructuring charges 0.0 0.3 0.0 1.5
Acquired in-process research and development 0.0 0.0 75.0 0.0
Total cost and expenses 2,289.7 1,793.8 5,711.3 5,441.7
Income from operations 1,086.4 1,806.3 4,880.7 5,264.9
Other income (expense), net (128.6) (27.3) (186.1) 132.6
Income before income tax expense and equity in loss of investee, net of tax 957.8 1,779.0 4,694.6 5,397.5
Income tax expense 240.8 211.3 979.0 881.9
Equity in (income) loss of investee, net of tax 13.1 21.8 12.7 66.8
Net income 703.9 1,545.9 3,702.9 4,448.8
Net income (loss) attributable to noncontrolling interests, net of tax 2.4 0.0 60.2 0.0
Net income attributable to Biogen Inc. $ 701.5 $ 1,545.9 $ 3,642.7 $ 4,448.8
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 4.47 $ 8.40 $ 22.29 $ 23.38
Diluted earnings per share attributable to Biogen Inc. $ 4.46 $ 8.39 $ 22.25 $ 23.35
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 156.9 184.0 163.4 190.3
Diluted earnings per share attributable to Biogen Inc. 157.2 184.2 163.7 190.5
Product, net        
Total revenues $ 2,690.3 $ 2,894.7 $ 8,390.6 $ 8,455.0
Revenues from anti-CD20 therapeutic programs        
Total revenues 560.1 595.8 1,558.8 1,689.6
Other        
Total revenues $ 125.7 $ 109.6 $ 642.6 $ 562.0