Biogen Inc. (BIIB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5411,9062,9141,2253,6894,8953,429
Cash and cash equivalents 6272,9141,2251,5742,3271,308
Short-term investments1,5411,279  2,1152,5692,121
Receivables1,5491,9141,8811,9591,7871,4421,227
Inventory, net of allowances, customer advances and progress billings1,3521,0698049309031,002893
Inventory1,3521,0698049309031,002893
Prepaid expense   271   
Other current assets7418816316889621,093837
Other undisclosed current assets2,6741,1182,1522,569533301315
Total current assets:7,8576,8878,3827,6417,8738,7326,700
Noncurrent Assets
Inventory, Noncurrent   7   
Operating lease, right-of-use asset375433427
Property, plant and equipment3,4163,4123,2473,6013,1822,5022,188
Long-term investments and receivables892772  3,0572,8292,760
Long-term investments892772  3,0572,8292,760
Intangible assets, net (including goodwill)7,9828,8469,2858,8268,5127,4786,749
Goodwill5,7615,7625,7585,7064,6333,6692,664
Intangible assets, net (excluding goodwill)2,2213,0843,5273,1203,8803,8084,085
Deferred income tax assets1,4151,370 
Other noncurrent assets1,9402,8991,2531,6911,0281,3361,108
Deferred tax assets, net2,154   
Other undisclosed noncurrent assets  4,6401,369   
Total noncurrent assets:16,02117,73218,85317,64815,77914,14512,805
TOTAL ASSETS:23,87724,61927,23425,28923,65322,87719,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities764597602434464512476
Accounts payable589455531371396280267
Taxes payable175142716468232209
Debt999 1,496 355
Other liabilities2,5353,1452,7662,8612,9012,9042,097
Total current liabilities:4,2983,7424,8643,2953,3683,4202,578
Noncurrent Liabilities
Long-term debt and lease obligation, including:3304026,413  1618
Long-term debt, excluding current maturities  6,000  6,5566,560
Operating lease, liability330402413
Other undisclosed long-term debt and lease obligation     (6,540)(6,542)
Liabilities, other than long-term debt2,0152,3622,1523,0261,7518161,031
Accounts payable and accrued liabilities  803    
Deferred tax liabilities, net1,63612393125
Deferred income tax liabilities6951,033 
Other liabilities1,3211,3301,3491,3891,629723906
Other undisclosed noncurrent liabilities6,2747,4264675,9375,9356,4966,503
Total noncurrent liabilities:8,61910,1919,0318,9627,6867,3287,552
Total liabilities:12,91813,93313,89512,25711,05510,74810,130
Stockholders' equity
Stockholders' equity attributable to parent10,89610,70013,34313,04012,61312,1409,373
Common stock0000000
Treasury stock, value(2,977)(2,977)(2,977)(2,977)(2,977)(2,612)(2,612)
Additional paid in capital68   98  
Accumulated other comprehensive loss(107)(299)(135)(240)(318)(320)(224)
Retained earnings13,91213,97616,45516,25715,81015,07212,208
Stockholders' equity attributable to noncontrolling interest64(14)(4)(8)(15)(12)2
Total stockholders' equity:10,96010,68613,33913,03212,59812,1299,375
TOTAL LIABILITIES AND EQUITY:23,87724,61927,23425,28923,65322,87719,505

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,98213,44514,37813,45312,27411,44910,764
Revenue, net10,71510,1349,425
Cost of revenue(2,948)(2,417)(2,623)(2,736)(1,805)(1,527)(1,282)
Cost of goods and services sold(2,110)(1,805)(1,955)(1,816)(1,707)(1,527)(1,282)
Other undisclosed gross profit 6116689201754842
Gross profit:8,03411,63912,42311,63710,6449,9709,523
Operating expenses(5,194)(6,478)(4,712)(4,828)(5,125)(4,795)(4,602)
Other undisclosed operating loss (611)(668)(920)(175)(25)(31)
Operating income:2,8414,5507,0435,8895,3445,1504,891
Nonoperating income (expense)(1,096)4978311(215)(217)(124)
Investment income, nonoperating114212011379  
Foreign currency transaction gain (loss), before tax(22)(11)(7)(10)6  
Other nonoperating income (expense)(6)3(47)(11)(13)(217)(124)
Interest and debt expense(254)(223)(187)(201)(251)(260)(96)
Other undisclosed income from continuing operations before equity method investments, income taxes25422318720125126096
Income from continuing operations before equity method investments, income taxes:1,7455,0487,1265,9005,1294,9334,767
Income (loss) from equity method investments353(79)   (13)
Income from continuing operations before income taxes:1,7805,0517,0475,9005,1294,9334,755
Income tax expense(53)(992)(1,158)(1,426)(2,459)(1,237)(1,162)
Income before gain (loss) on sale of properties:1,7284,0595,8894,4742,6703,6963,593
Other undisclosed net income 2     
Net income:1,7284,0615,8894,4742,6703,6963,593
Net income (loss) attributable to noncontrolling interest(172)(60) (43)(131)7(46)
Net income available to common stockholders, diluted:1,5564,0015,8894,4312,5393,7033,547

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,7284,0615,8894,4742,6703,6963,593
Other comprehensive income (loss)193(163)10576(2)96165
Other undisclosed comprehensive income (loss)    3(192)(329)
Comprehensive income:1,9213,8985,9934,5502,6723,6003,429
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(172)(61)0(43)131(7)46
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (262)14(92)
Comprehensive income, net of tax, attributable to parent:1,7483,8375,9944,5072,5413,6073,383

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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