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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total revenue $ 2,694.0 $ 3,534.3
Cost and expenses:    
Cost of sales, excluding amortization and impairment of acquired intangible assets 478.1 454.3
Research and development 514.2 476.3
Selling, general and administrative 595.0 570.1
Amortization and impairment of acquired intangible assets 98.1 71.5
Collaboration profit (loss) sharing 68.5 71.8
(Gain) loss on fair value remeasurement of contingent consideration (33.8) (4.6)
Acquired in-process research and development 0.0 75.0
Total cost and expense 1,720.1 1,714.4
Income from operations 973.9 1,819.9
Other income (expense), net (506.9) (120.5)
Income before income tax expense and equity in loss of investee, net of tax 467.0 1,699.4
Income tax expense 44.2 292.0
Equity in (income) loss of investee, net of tax 18.2 14.8
Net income 404.6 1,392.6
Net income (loss) attributable to noncontrolling interests, net of tax (5.6) (6.5)
Net income attributable to Biogen Inc. $ 410.2 $ 1,399.1
Net income per share:    
Basic earnings per share attributable to Biogen Inc. $ 2.70 $ 8.10
Diluted earnings per share attributable to Biogen Inc. $ 2.69 $ 8.08
Weighted-average shares used in calculating:    
Basic earnings per share attributable to Biogen Inc. 151.9 172.8
Diluted earnings per share attributable to Biogen Inc. 152.3 173.1
Product, net    
Total revenue $ 2,211.7 $ 2,904.6
Revenue from anti-CD20 therapeutic programs    
Total revenue 389.0 520.4
Other    
Total revenue $ 93.3 $ 109.3