Biogen Inc. (BIIB) financial statements (2021 and earlier)

Company profile

Business Address 225 BINNEY STREET
CAMBRIDGE, MA 02142
State of Incorp. DE
Fiscal Year End December 31
SIC 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9144,4372,9523,9091,2254,4283,224
Cash and cash equivalents2,9142,3441,7232,2431,2252,3871,250
Short-term investments 2,0941,2291,666 2,0421,974
Receivables1,8811,9341,9602,0891,9592,0171,951
Inventory, net of allowances, customer advances and progress billings804752777770930917932
Inventory804752777770930917932
Prepaid expense    271432 
Assets held-for-sale, not part of disposal group  683682   
Other current assets631743980965688848843
Other undisclosed current assets2,1525825585272,56977482
Total current assets:8,3828,4487,9108,9437,6418,7197,432
Noncurrent Assets
Inventory, Noncurrent    7  
Operating lease, right-of-use asset427422434 
Property, plant and equipment3,2473,1383,0783,0143,6013,5393,409
Long-term investments and receivables 1,8141,3091,373 1,2451,160
Long-term investments 1,8141,3091,373 1,2451,160
Intangible assets, net (including goodwill)9,2859,1399,4318,6968,8268,8198,832
Goodwill5,7585,7465,7495,6405,7065,4405,170
Intangible assets, net (excluding goodwill)3,5273,3923,6813,0563,1203,3793,661
Other noncurrent assets1,2531,2391,3061,8981,6911,010902
Deferred tax assets, net2,0742,1542,1612,218
Other undisclosed noncurrent assets4,6403,2852,8204481,369  
Total noncurrent assets:18,85319,03618,37817,50317,64816,77316,521
TOTAL ASSETS:27,23427,48426,28826,44625,28925,49223,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities602508804617434596519
Accounts payable531382377378371342296
Taxes payable7112642723964254223
Debt1,4961,495     
Other liabilities2,7662,4292,3182,4352,8612,5792,634
Other undisclosed current liabilities  8997   
Total current liabilities:4,8644,4323,2113,1493,2953,1753,152
Noncurrent Liabilities
Long-term debt and lease obligation6,413411423    
Long-term debt, excluding current maturities6,000      
Operating lease, liability413411423 
Liabilities, other than long-term debt2,1522,3692,4124,1663,0263,7443,703
Accounts payable and accrued liabilities803802802796 787814
Deferred tax liabilities, net1,7421,6361,1151,161
Other liabilities1,3491,3711,3561,3541,3891,5121,458
Business combination, contingent consideration, liability 196255274 331271
Other undisclosed noncurrent liabilities4676,2817,2935,3095,9374,8144,844
Total noncurrent liabilities:9,0319,06010,1289,4758,9628,5588,547
Total liabilities:13,89513,49213,33912,62412,25711,73211,699
Stockholders' equity
Stockholders' equity attributable to parent13,34313,99612,95313,83013,04013,76712,261
Common stock0000000
Treasury stock, value(2,977)(2,977)(2,977)(2,977)(2,977)(2,977)(2,977)
Additional paid in capital     48 
Accumulated other comprehensive loss(135)(92)(253)(220)(240)(248)(262)
Retained earnings16,45517,06516,18317,02716,25716,94415,500
Stockholders' equity attributable to noncontrolling interest(4)(4)(4)(8)(8)(7)(7)
Total stockholders' equity:13,33913,99212,94913,82213,03213,76012,254
TOTAL LIABILITIES AND EQUITY:27,23427,48426,28826,44625,28925,49223,953

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,6713,6003,6173,4903,5263,4393,357
Cost of revenue(999)(432)(520)(672)(1,371)(461)(462)
Cost of goods and services sold(447)(430)(476)(602)(489)(461)(421)
Other undisclosed gross profit668   920  
Gross profit:3,3403,1683,0972,8183,0752,9782,894
Operating expenses(894)(1,361)(1,141)(1,316)(712)(1,321)(1,681)
Other undisclosed operating income (loss)(668)   (920)40 
Operating income:1,7781,8061,9561,5031,4431,6981,213
Nonoperating income (expense)(49)(27)(197)357(29)115(35)
Investment income, nonoperating29312931312629
Foreign currency transaction gain (loss), before tax(2)(4)2(2)40(13)
Other nonoperating expense(36)(4)(7)(0)(2)(3)(4)
Interest and debt expense(46)(46)(48)(48)(49)(49)(52)
Other undisclosed income from continuing operations before equity method investments, income taxes46464848494952
Income from continuing operations before equity method investments, income taxes:1,7281,7791,7591,8601,4151,8131,179
Loss from equity method investments(13)(22)(16)(29)   
Income from continuing operations before income taxes:1,7161,7571,7421,8311,4151,8131,179
Income tax expense(276)(211)(248)(423)(470)(370)(264)
Net income:1,4401,5461,4941,4099451,443915
Net income (loss) attributable to noncontrolling interest    22(48)
Net income available to common stockholders, diluted:1,4401,5461,4941,4099471,444867

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1,4401,5461,4941,4099451,443915
Other comprehensive income (loss)(43)161(34)2181342
Comprehensive income:1,3971,7071,4611,4299521,456957
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1 (0) (88)(2)48
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1) 1 903(97)
Comprehensive income, net of tax, attributable to parent:1,3971,7071,4611,4299551,458909

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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