Biogen Inc
NASDAQ:BIIB
Income Statement
Earnings Waterfall
Biogen Inc
Revenue
|
9.7B
USD
|
Cost of Revenue
|
-2.4B
USD
|
Gross Profit
|
7.3B
USD
|
Operating Expenses
|
-5.1B
USD
|
Operating Income
|
2.1B
USD
|
Other Expenses
|
-955.3m
USD
|
Net Income
|
1.2B
USD
|
Income Statement
Biogen Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
7 647
N/A
|
8 345
+9%
|
9 029
+8%
|
9 703
+7%
|
10 129
+4%
|
10 299
+2%
|
10 565
+3%
|
10 764
+2%
|
10 936
+2%
|
11 238
+3%
|
11 416
+2%
|
11 449
+0%
|
11 533
+1%
|
11 717
+2%
|
11 839
+1%
|
12 274
+4%
|
12 594
+3%
|
12 872
+2%
|
13 234
+3%
|
13 453
+2%
|
13 812
+3%
|
14 072
+2%
|
14 233
+1%
|
14 378
+1%
|
14 422
+0%
|
14 487
+0%
|
14 263
-2%
|
13 445
-6%
|
12 604
-6%
|
11 698
-7%
|
11 101
-5%
|
10 982
-1%
|
10 820
-1%
|
10 634
-2%
|
10 363
-3%
|
10 173
-2%
|
10 105
-1%
|
9 972
-1%
|
9 993
+0%
|
9 836
-2%
|
9 663
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 003)
|
(1 064)
|
(1 132)
|
(1 171)
|
(1 204)
|
(1 198)
|
(1 206)
|
(1 240)
|
(1 241)
|
(1 325)
|
(1 432)
|
(1 479)
|
(1 550)
|
(1 546)
|
(1 499)
|
(1 630)
|
(1 691)
|
(1 746)
|
(1 837)
|
(1 816)
|
(1 972)
|
(2 028)
|
(1 997)
|
(1 955)
|
(1 808)
|
(1 743)
|
(1 762)
|
(1 805)
|
(1 829)
|
(1 878)
|
(1 940)
|
(2 110)
|
(2 386)
|
(2 410)
|
(2 368)
|
(2 278)
|
(2 187)
|
(2 296)
|
(2 486)
|
(2 533)
|
(2 413)
|
|
Gross Profit |
6 644
N/A
|
7 281
+10%
|
7 896
+8%
|
8 532
+8%
|
8 924
+5%
|
9 100
+2%
|
9 359
+3%
|
9 523
+2%
|
9 695
+2%
|
9 913
+2%
|
9 984
+1%
|
9 970
0%
|
9 982
+0%
|
10 171
+2%
|
10 340
+2%
|
10 644
+3%
|
10 903
+2%
|
11 126
+2%
|
11 397
+2%
|
11 637
+2%
|
11 839
+2%
|
12 044
+2%
|
12 236
+2%
|
12 423
+2%
|
12 615
+2%
|
12 745
+1%
|
12 502
-2%
|
11 639
-7%
|
10 775
-7%
|
9 820
-9%
|
9 160
-7%
|
8 872
-3%
|
8 434
-5%
|
8 224
-2%
|
7 996
-3%
|
7 895
-1%
|
7 917
+0%
|
7 676
-3%
|
7 507
-2%
|
7 302
-3%
|
7 250
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 991)
|
(4 300)
|
(4 445)
|
(4 577)
|
(4 518)
|
(4 446)
|
(4 481)
|
(4 540)
|
(4 440)
|
(4 437)
|
(4 438)
|
(4 309)
|
(4 665)
|
(4 961)
|
(4 883)
|
(5 067)
|
(4 782)
|
(5 023)
|
(5 014)
|
(5 072)
|
(5 187)
|
(4 703)
|
(4 798)
|
(4 865)
|
(4 768)
|
(4 906)
|
(5 549)
|
(6 665)
|
(6 666)
|
(6 691)
|
(6 351)
|
(5 377)
|
(5 494)
|
(5 373)
|
(5 131)
|
(4 671)
|
(4 651)
|
(4 672)
|
(5 091)
|
(5 252)
|
(5 128)
|
|
Selling, General & Administrative |
(1 871)
|
(2 017)
|
(2 182)
|
(2 232)
|
(2 281)
|
(2 196)
|
(2 104)
|
(2 113)
|
(2 050)
|
(2 051)
|
(2 035)
|
(1 948)
|
(1 950)
|
(1 888)
|
(1 859)
|
(1 936)
|
(1 938)
|
(2 024)
|
(2 088)
|
(2 106)
|
(2 180)
|
(2 261)
|
(2 313)
|
(2 357)
|
(2 378)
|
(2 322)
|
(2 345)
|
(2 535)
|
(2 515)
|
(2 612)
|
(2 693)
|
(2 702)
|
(2 714)
|
(2 650)
|
(2 559)
|
(2 430)
|
(2 374)
|
(2 349)
|
(2 574)
|
(2 576)
|
(2 523)
|
|
Research & Development |
(1 689)
|
(1 808)
|
(1 816)
|
(1 893)
|
(1 825)
|
(1 869)
|
(1 971)
|
(2 013)
|
(1 990)
|
(1 972)
|
(1 981)
|
(1 973)
|
(1 959)
|
(2 283)
|
(2 200)
|
(2 254)
|
(2 327)
|
(2 512)
|
(2 573)
|
(2 597)
|
(2 664)
|
(2 164)
|
(2 195)
|
(2 273)
|
(2 186)
|
(2 352)
|
(2 954)
|
(3 985)
|
(4 029)
|
(3 966)
|
(3 528)
|
(2 497)
|
(2 539)
|
(2 482)
|
(2 329)
|
(2 229)
|
(2 250)
|
(2 306)
|
(2 493)
|
(2 460)
|
(2 337)
|
|
Depreciation & Amortization |
(435)
|
(470)
|
(492)
|
(490)
|
(442)
|
(418)
|
(393)
|
(383)
|
(376)
|
(376)
|
(378)
|
(373)
|
(733)
|
(758)
|
(767)
|
(815)
|
(470)
|
(460)
|
(444)
|
(381)
|
(346)
|
(308)
|
(284)
|
(274)
|
(277)
|
(269)
|
(264)
|
(255)
|
(237)
|
(238)
|
(243)
|
(252)
|
(265)
|
(270)
|
(259)
|
(246)
|
(230)
|
(215)
|
(219)
|
(241)
|
(269)
|
|
Other Operating Expenses |
4
|
(6)
|
44
|
39
|
30
|
37
|
(13)
|
(31)
|
(25)
|
(38)
|
(43)
|
(15)
|
(23)
|
(33)
|
(57)
|
(63)
|
(47)
|
(28)
|
90
|
12
|
2
|
30
|
(6)
|
38
|
73
|
37
|
15
|
111
|
116
|
125
|
112
|
75
|
24
|
29
|
15
|
233
|
202
|
198
|
195
|
24
|
0
|
|
Operating Income |
2 653
N/A
|
2 980
+12%
|
3 451
+16%
|
3 955
+15%
|
4 406
+11%
|
4 654
+6%
|
4 878
+5%
|
4 984
+2%
|
5 255
+5%
|
5 476
+4%
|
5 546
+1%
|
5 660
+2%
|
5 318
-6%
|
5 210
-2%
|
5 457
+5%
|
5 577
+2%
|
6 121
+10%
|
6 103
0%
|
6 382
+5%
|
6 565
+3%
|
6 652
+1%
|
7 341
+10%
|
7 438
+1%
|
7 558
+2%
|
7 847
+4%
|
7 839
0%
|
6 953
-11%
|
4 975
-28%
|
4 109
-17%
|
3 129
-24%
|
2 809
-10%
|
3 495
+24%
|
2 940
-16%
|
2 851
-3%
|
2 864
+0%
|
3 224
+13%
|
3 266
+1%
|
3 003
-8%
|
2 417
-20%
|
2 050
-15%
|
2 122
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(18)
|
(5)
|
(13)
|
(19)
|
(31)
|
(39)
|
(39)
|
(105)
|
(136)
|
(180)
|
(227)
|
(207)
|
(218)
|
(260)
|
(274)
|
(306)
|
(330)
|
(313)
|
(170)
|
(163)
|
220
|
38
|
(114)
|
(105)
|
(593)
|
(304)
|
(425)
|
262
|
(126)
|
(49)
|
(369)
|
(1 097)
|
(667)
|
(962)
|
(430)
|
(463)
|
(445)
|
(198)
|
(554)
|
(531)
|
(561)
|
|
Non-Reccuring Items |
21
|
21
|
19
|
17
|
13
|
9
|
5
|
(93)
|
(103)
|
(103)
|
(115)
|
(500)
|
(490)
|
(610)
|
(599)
|
(121)
|
(133)
|
(89)
|
(312)
|
(491)
|
(595)
|
(517)
|
(493)
|
(273)
|
(232)
|
(247)
|
(68)
|
(192)
|
(176)
|
(721)
|
(745)
|
(647)
|
(641)
|
453
|
985
|
841
|
870
|
301
|
(264)
|
(219)
|
(232)
|
|
Total Other Income |
(6)
|
(5)
|
(8)
|
(7)
|
(4)
|
(12)
|
(12)
|
(19)
|
(26)
|
(24)
|
(24)
|
(20)
|
(15)
|
(15)
|
(17)
|
(22)
|
(23)
|
(19)
|
(16)
|
(11)
|
(11)
|
(17)
|
(19)
|
(54)
|
(57)
|
(43)
|
(37)
|
3
|
8
|
0
|
(1)
|
(6)
|
(6)
|
(30)
|
(27)
|
(10)
|
(9)
|
15
|
10
|
(4)
|
(6)
|
|
Pre-Tax Income |
2 650
N/A
|
2 992
+13%
|
3 448
+15%
|
3 947
+14%
|
4 384
+11%
|
4 612
+5%
|
4 833
+5%
|
4 767
-1%
|
4 990
+5%
|
5 170
+4%
|
5 181
+0%
|
4 933
-5%
|
4 594
-7%
|
4 325
-6%
|
4 567
+6%
|
5 129
+12%
|
5 636
+10%
|
5 682
+1%
|
5 885
+4%
|
5 900
+0%
|
6 266
+6%
|
6 846
+9%
|
6 812
0%
|
7 126
+5%
|
6 965
-2%
|
7 244
+4%
|
6 423
-11%
|
5 048
-21%
|
3 815
-24%
|
2 360
-38%
|
1 693
-28%
|
1 745
+3%
|
1 626
-7%
|
2 313
+42%
|
3 393
+47%
|
3 592
+6%
|
3 683
+3%
|
3 121
-15%
|
1 609
-48%
|
1 297
-19%
|
1 323
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(714)
|
(823)
|
(912)
|
(990)
|
(1 093)
|
(1 117)
|
(1 173)
|
(1 162)
|
(1 236)
|
(1 297)
|
(1 304)
|
(1 237)
|
(1 120)
|
(1 036)
|
(1 083)
|
(1 285)
|
(1 368)
|
(1 363)
|
(1 349)
|
(1 402)
|
(1 502)
|
(1 486)
|
(1 328)
|
(1 158)
|
(1 028)
|
(1 226)
|
(1 255)
|
(992)
|
(744)
|
111
|
378
|
(53)
|
(134)
|
(760)
|
(1 022)
|
(633)
|
(558)
|
(456)
|
(147)
|
(135)
|
(156)
|
|
Income from Continuing Operations |
1 936
|
2 169
|
2 536
|
2 957
|
3 290
|
3 495
|
3 660
|
3 606
|
3 754
|
3 873
|
3 877
|
3 696
|
3 474
|
3 288
|
3 484
|
3 844
|
4 267
|
4 320
|
4 536
|
4 498
|
4 764
|
5 359
|
5 484
|
5 968
|
5 938
|
6 019
|
5 168
|
4 055
|
3 071
|
2 471
|
2 071
|
1 693
|
1 492
|
1 553
|
2 371
|
2 959
|
3 125
|
2 665
|
1 462
|
1 162
|
1 167
|
|
Income to Minority Interest |
0
|
(8)
|
(8)
|
(7)
|
(5)
|
7
|
(48)
|
(46)
|
(47)
|
(48)
|
9
|
7
|
6
|
4
|
1
|
(131)
|
(129)
|
(178)
|
(176)
|
(43)
|
(45)
|
3
|
2
|
0
|
7
|
(58)
|
(60)
|
(60)
|
(61)
|
(574)
|
(560)
|
(172)
|
(92)
|
484
|
473
|
85
|
0
|
(1)
|
(0)
|
(0)
|
(1)
|
|
Equity Earnings Affiliates |
(21)
|
(21)
|
(20)
|
(15)
|
(8)
|
(11)
|
(13)
|
(13)
|
(12)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(45)
|
(67)
|
(79)
|
(66)
|
(34)
|
(25)
|
5
|
2
|
21
|
35
|
35
|
50
|
21
|
20
|
3
|
6
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1 916
N/A
|
2 139
+12%
|
2 509
+17%
|
2 935
+17%
|
3 277
+12%
|
3 490
+6%
|
3 599
+3%
|
3 547
-1%
|
3 695
+4%
|
3 818
+3%
|
3 885
+2%
|
3 703
-5%
|
3 480
-6%
|
3 293
-5%
|
3 486
+6%
|
2 539
-27%
|
2 964
+17%
|
2 968
+0%
|
3 187
+7%
|
4 431
+39%
|
4 667
+5%
|
5 294
+13%
|
5 396
+2%
|
5 889
+9%
|
5 879
0%
|
5 927
+1%
|
5 082
-14%
|
4 001
-21%
|
3 012
-25%
|
1 918
-36%
|
1 546
-19%
|
1 556
+1%
|
1 450
-7%
|
2 059
+42%
|
2 865
+39%
|
3 047
+6%
|
3 131
+3%
|
2 665
-15%
|
1 462
-45%
|
1 161
-21%
|
1 167
+0%
|
|
EPS (Diluted) |
8.05
N/A
|
9
+12%
|
10.57
+17%
|
12.37
+17%
|
13.91
+12%
|
14.8
+6%
|
15.47
+5%
|
15.34
-1%
|
16.85
+10%
|
17.4
+3%
|
17.69
+2%
|
16.92
-4%
|
16.11
-5%
|
15.51
-4%
|
16.45
+6%
|
11.92
-28%
|
14
+17%
|
14.31
+2%
|
15.78
+10%
|
21.61
+37%
|
23.68
+10%
|
27.8
+17%
|
29.29
+5%
|
31.49
+8%
|
33.96
+8%
|
36.83
+8%
|
32.33
-12%
|
24.85
-23%
|
19.77
-20%
|
12.77
-35%
|
10.4
-19%
|
10.37
0%
|
9.82
-5%
|
14.08
+43%
|
19.78
+40%
|
20.87
+6%
|
21.56
+3%
|
18.31
-15%
|
10.09
-45%
|
7.97
-21%
|
8.01
+1%
|