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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenue $ 2,778.9 $ 3,376.1 $ 8,247.9 $ 10,592.0
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 511.8 449.1 1,449.6 1,314.6
Research and development 702.4 1,140.9 1,801.7 2,264.8
Selling, general and administrative 654.1 573.1 1,886.4 1,698.3
Amortization and impairment of acquired intangible assets 111.0 82.6 813.2 215.6
Collaboration profit sharing 21.2 73.0 74.5 166.5
(Gain) loss on fair value remeasurement of contingent consideration (15.6) (29.0) (49.1) (23.5)
Acquired in-process research and development 0.0 0.0 18.0 75.0
Total cost and expense 1,984.9 2,289.7 5,994.3 5,711.3
Income from operations 794.0 1,086.4 2,253.6 4,880.7
Other income (expense), net (502.9) (128.6) (913.4) (186.1)
Income before income tax expense and equity in loss of investee, net of tax 291.1 957.8 1,340.2 4,694.6
Income tax (benefit) expense (25.9) 240.8 (390.7) 979.0
Equity in (income) loss of investee, net of tax (1.1) 13.1 (17.2) 12.7
Net income 318.1 703.9 1,748.1 3,702.9
Net income (loss) attributable to noncontrolling interests, net of tax (11.1) 2.4 560.2 60.2
Net income attributable to Biogen Inc. $ 329.2 $ 701.5 $ 1,187.9 $ 3,642.7
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 2.22 $ 4.47 $ 7.93 $ 22.29
Diluted earnings per share attributable to Biogen Inc. $ 2.22 $ 4.46 $ 7.90 $ 22.25
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 148.0 156.9 149.9 163.4
Diluted earnings per share attributable to Biogen Inc. 148.6 157.2 150.3 163.7
Product, net        
Total revenue $ 2,205.7 $ 2,690.3 $ 6,653.4 $ 8,390.6
Revenue from anti-CD20 therapeutic programs        
Total revenue 415.4 560.1 1,244.4 1,558.8
Other        
Total revenue $ 157.8 $ 125.7 $ 350.1 $ 642.6