XML 85 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 10,173.4 $ 10,981.7 $ 13,444.6
Cost and expense:      
Cost of sales, excluding amortization and impairment of acquired intangible assets 2,278.3 2,109.7 1,805.2
Research and development 2,231.1 2,501.2 3,990.9
Selling, general and administrative 2,403.6 2,674.3 2,504.5
Amortization and impairment of acquired intangible assets 365.9 881.3 464.8
Collaboration profit (loss) sharing (7.4) 7.2 232.9
(Gain) loss on divestiture of Hillerød, Denmark manufacturing operations 0.0 0.0 (92.5)
(Gain) loss on fair value remeasurement of contingent consideration (209.1) (50.7) (86.3)
Acquired in-process research and development 0.0 18.0 75.0
Restructuring charges 131.1 0.0 0.0
Gain on sale of building (503.7) 0.0 0.0
Other (income) expense, net (108.2) 1,095.5 (497.4)
Total cost and expense 6,581.6 9,236.5 8,397.1
Income before income tax expense and equity in loss of investee, net of tax 3,591.8 1,745.2 5,047.5
Income tax (benefit) expense 632.8 52.5 992.3
Equity in (income) loss of investee, net of tax (2.6) (34.9) (5.3)
Net income 2,961.6 1,727.6 4,060.5
Net income (loss) attributable to noncontrolling interests, net of tax (85.3) 171.5 59.9
Net income attributable to Biogen Inc. $ 3,046.9 $ 1,556.1 $ 4,000.6
Net income per share:      
Basic earnings per share attributable to Biogen Inc. (in dollars per share) $ 20.96 $ 10.44 $ 24.86
Diluted earnings per share attributable to Biogen Inc. (in dollars per share) $ 20.87 $ 10.40 $ 24.80
Weighted-average shares used in calculating:      
Weighted average number of common shares outstanding (in shares) 145,300 149,100 160,900
Diluted earnings per share attributable to Biogen Inc. (in shares) 146,000 149,600 161,300
Product, net      
Revenues $ 7,987.8 $ 8,846.9 $ 10,692.2
Revenue from anti-CD20 therapeutic programs      
Revenues 1,700.5 1,658.5 1,977.8
Other      
Revenues $ 485.1 $ 476.3 $ 774.6