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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenue $ 2,775.0 $ 3,681.6 $ 5,469.0 $ 7,215.9
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 459.7 411.1 937.8 865.5
Research and development 585.1 647.6 1,099.3 1,123.9
Selling, general and administrative 637.3 555.1 1,232.3 1,125.2
Amortization and impairment of acquired intangible assets 604.1 61.5 702.2 133.0
Collaboration profit sharing (15.2) 21.8 53.3 93.5
(Gain) loss on fair value remeasurement of contingent consideration 0.3 10.0 (33.5) 5.5
Acquired in-process research and development 18.0 0.0 18.0 75.0
Total cost and expense 2,289.3 1,707.1 4,009.4 3,421.6
Income from operations 485.7 1,974.5 1,459.6 3,794.3
Other income (expense), net 96.4 63.0 (410.5) (57.5)
Income before income tax expense and equity in loss of investee, net of tax 582.1 2,037.5 1,049.1 3,736.8
Income tax (benefit) expense (409.1) 446.1 (364.9) 738.2
Equity in (income) loss of investee, net of tax (34.3) (15.1) (16.1) (0.4)
Net income 1,025.5 1,606.5 1,430.1 2,999.0
Net income (loss) attributable to noncontrolling interests, net of tax 577.0 64.4 571.4 57.8
Net income attributable to Biogen Inc. $ 448.5 $ 1,542.1 $ 858.7 $ 2,941.2
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 3.00 $ 9.60 $ 5.70 $ 17.65
Diluted earnings per share attributable to Biogen Inc. $ 2.99 $ 9.59 $ 5.68 $ 17.61
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 149.7 160.6 150.8 166.7
Diluted earnings per share attributable to Biogen Inc. 150.1 160.9 151.2 167.0
Product, net        
Total revenue $ 2,236.0 $ 2,795.7 $ 4,447.7 $ 5,700.3
Revenue from anti-CD20 therapeutic programs        
Total revenue 440.0 478.3 829.0 998.7
Other        
Total revenue $ 99.0 $ 407.6 $ 192.3 $ 516.9