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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 2,589.1 $ 2,775.0 $ 5,120.9 $ 5,469.0
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 484.0 459.7 1,237.9 937.8
Research and development 528.6 585.1 1,080.3 1,099.3
Selling, general and administrative 572.6 637.3 1,207.5 1,232.3
Amortization and impairment of acquired intangible assets 67.5 604.1 134.4 702.2
Collaboration profit (loss) sharing 29.4 (15.2) (87.9) 53.3
(Gain) loss on fair value remeasurement of contingent consideration (4.5) 0.3 (11.6) (33.5)
Acquired in-process research and development 0.0 18.0 0.0 18.0
Restructuring charges 70.6 0.0 108.7 0.0
Other (income) expense, net (428.6) (96.4) (165.3) 410.5
Total cost and expense 1,319.6 2,192.9 3,504.0 4,419.9
Income before income tax expense and equity in loss of investee, net of tax 1,269.5 582.1 1,616.9 1,049.1
Income tax (benefit) expense 216.7 (409.1) 342.3 (364.9)
Equity in (income) loss of investee, net of tax (5.9) (34.3) (2.6) (16.1)
Net income 1,058.7 1,025.5 1,277.2 1,430.1
Net income (loss) attributable to noncontrolling interests, net of tax 0.7 577.0 (84.6) 571.4
Net income attributable to Biogen Inc. $ 1,058.0 $ 448.5 $ 1,361.8 $ 858.7
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 7.25 $ 3.00 $ 9.30 $ 5.70
Diluted earnings per share attributable to Biogen Inc. $ 7.24 $ 2.99 $ 9.27 $ 5.68
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 145,900 149,700 146,500 150,800
Diluted earnings per share attributable to Biogen Inc. 146,200 150,100 146,800 151,200
Product, net        
Total revenue $ 2,054.9 $ 2,236.0 $ 4,121.2 $ 4,447.7
Revenue from anti-CD20 therapeutic programs        
Total revenue 436.3 440.0 835.7 829.0
Other        
Total revenue $ 97.9 $ 99.0 $ 164.0 $ 192.3