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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 2,508.5 $ 2,778.9 $ 7,629.4 $ 8,247.9
Cost and expenses:        
Cost of sales, excluding amortization and impairment of acquired intangible assets 469.5 511.8 1,707.4 1,449.6
Research and development 549.2 702.4 1,629.5 1,801.7
Selling, general and administrative 563.3 654.1 1,770.8 1,886.4
Amortization and impairment of acquired intangible assets 56.5 111.0 190.9 813.2
Collaboration profit (loss) sharing 45.3 21.2 (42.6) 74.5
(Gain) loss on fair value remeasurement of contingent consideration (2.1) (15.6) (13.7) (49.1)
Acquired in-process research and development 0.0 0.0 0.0 18.0
Restructuring charges 15.4 0.0 124.1 0.0
Gain on sale of building (503.7) 0.0 (503.7) 0.0
Other (income) expense, net (56.0) 502.9 (221.3) 913.4
Total cost and expense 1,137.4 2,487.8 4,641.4 6,907.7
Income before income tax expense and equity in loss of investee, net of tax 1,371.1 291.1 2,988.0 1,340.2
Income tax (benefit) expense 236.2 (25.9) 578.5 (390.7)
Equity in (income) loss of investee, net of tax 0.0 (1.1) (2.6) (17.2)
Net income 1,134.9 318.1 2,412.1 1,748.1
Net income (loss) attributable to noncontrolling interests, net of tax 0.2 (11.1) (84.4) 560.2
Net income attributable to Biogen Inc. $ 1,134.7 $ 329.2 $ 2,496.5 $ 1,187.9
Net income per share:        
Basic earnings per share attributable to Biogen Inc. $ 7.86 $ 2.22 $ 17.12 $ 7.93
Diluted earnings per share attributable to Biogen Inc. $ 7.84 $ 2.22 $ 17.07 $ 7.90
Weighted-average shares used in calculating:        
Basic earnings per share attributable to Biogen Inc. 144,400 148,000 145,800 149,900
Diluted earnings per share attributable to Biogen Inc. 144,800 148,600 146,200 150,300
Product, net        
Total revenue $ 1,962.1 $ 2,205.7 $ 6,083.3 $ 6,653.4
Revenue from anti-CD20 therapeutic programs        
Total revenue 416.9 415.4 1,252.6 1,244.4
Other        
Total revenue $ 129.5 $ 157.8 $ 293.5 $ 350.1