Cash Flow Statement

Operating Cash Flow

+59%

-48%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	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	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	111	121	132	148	160	153	160	(875)	(958)	(986)	(994)	25	110	144	134	161	240	35	165	218	226	583	546	580	611	636	724	790	871	808	880	977	953	1 100	933	899	987	997	1 238	1 267	1 260	1 343	1 388	1 380	1 504	1 608	1 697	1 862	1 915	2 148	2 516	2 942	3 282	3 484	3 647	3 593	3 742	3 866	3 877	3 696	3 474	3 288	3 484	2 670	3 094	3 146	3 363	4 474	4 712	5 291	5 394	5 889	5 872	5 985	5 143	4 061	3 073	2 492	2 106	1 728	1 542	1 575	2 392	2 962	3 131	2 665	1 462	1 162	1 167	1 158	1 614	1 632	1 479	1 531	1 609	1 293
Depreciation & Amortization	7	8	9	10	11	12	13	61	160	259	384	439	434	431	411	402	429	406	386	376	342	358	365	380	398	412	442	462	477	499	457	428	388	349	353	356	366	369	366	359	350	351	358	366	379	417	470	532	625	661	689	688	645	626	602	600	602	633	662	683	1 045	1 172	1 169	1 081	738	607	776	1 017	969	914	897	681	679	675	480	457	440	444	443	488	529	546	533	518	488	470	475	495	530	572	629	673	709	744	764	780
Change in Deffered Taxes	62	66	71	(40)	(39)	(47)	(73)	(27)	(112)	(184)	(178)	(136)	(91)	(105)	(139)	(116)	(116)	(62)	(63)	(106)	(75)	(78)	(67)	(82)	(79)	(78)	(99)	(140)	(154)	(168)	(155)	(137)	(122)	(125)	(126)	(81)	(17)	(3)	96	154	78	61	(49)	(117)	(180)	(191)	(196)	(245)	(258)	(274)	(308)	(308)	(212)	(252)	(265)	(146)	(153)	(85)	(17)	(175)	(108)	(165)	(158)	92	69	55	87	108	283	237	182	67	(124)	176	251	149	97	(654)	(813)	(427)	(411)	149	184	(169)	(234)	(292)	(407)	(306)	(201)	(182)	(28)	(158)	(226)	(170)	136	362
Stock-Based Compensation	0	0	0	2	0	0	0	0	3	8	11	17	22	26	25	38	54	87	121	127	133	121	116	123	128	131	136	146	150	157	162	161	174	177	176	168	150	130	120	113	112	116	115	119	123	125	135	136	146	153	151	155	161	165	167	161	155	152	148	155	147	138	134	128	134	142	150	158	160	174	182	182	204	200	188	198	201	207	229	239	236	238	246	254	262	278	277	264	261	261	271	291	299	304	306	291
Other Non-Cash Items	2	5	19	140	147	150	176	1 141	1 376	1 525	1 544	575	436	385	392	342	254	504	473	458	492	167	193	220	238	243	227	276	244	244	237	159	224	232	464	448	358	331	104	133	123	142	157	147	147	133	121	109	80	103	64	105	149	173	244	322	258	269	244	259	280	286	320	473	497	541	320	189	(43)	74	251	243	641	387	476	(250)	113	586	1 055	1 997	1 969	213	(884)	(1 037)	(1 413)	(110)	818	845	843	988	743	883	879	873	865	828
Cash Taxes Paid	0	0	0	0	0	0	0	41	0	0	0	1	0	31	58	90	0	265	356	398	0	0	0	252	0	0	0	372	0	0	0	745	0	0	0	(395)	0	0	0	(333)	0	0	0	(527)	0	0	0	643	0	0	0	1 163	0	0	0	0	0	0	0	1 642	0	0	0	1 066	0	0	0	1 007	0	0	0	1 065	0	0	0	907	0	0	0	248	0	0	0	933	0	0	0	741	0	0	0	355	0	0	0	864
Cash Interest Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	38	38	38	0	0	0	0	0	0	0	35	0	0	0	40	0	0	0	68	0	0	0	68	0	0	0	67	0	0	0	65	0	0	0	54	0	0	0	41	0	0	0	0	0	0	0	281	0	0	0	282	0	0	0	243	0	0	0	244	0	0	0	273	0	0	0	281	0	0	0	263	0	0	0	252	0	0	0	245	0	0	0	264
Change in Working Capital	(39)	(54)	(67)	(62)	(26)	(18)	3	(130)	(167)	(181)	(235)	(176)	(153)	(60)	(2)	100	25	(96)	(87)	(103)	(37)	(63)	(120)	(80)	(45)	(15)	204	174	58	66	(216)	(352)	(332)	(246)	(152)	4	(152)	(151)	(119)	(185)	(143)	(22)	(7)	104	13	(113)	(108)	87	(92)	(3)	(83)	(484)	(294)	(403)	(620)	(450)	(450)	(733)	(719)	125	(885)	(604)	(201)	235	1 375	1 354	1 265	400	269	538	290	199	18	(152)	208	(187)	(190)	(58)	(357)	(146)	(595)	60	173	(890)	(294)	(1 305)	(988)	(649)	(693)	(751)	(832)	(155)	(260)	(861)	(920)	(1 058)
Cash from Operating Activities	142 N/A	146 +3%	164 +12%	197 +20%	252 +28%	249 -1%	279 +12%	170 -39%	300 +76%	434 +45%	522 +20%	728 +40%	735 +1%	795 +8%	796 +0%	890 +12%	833 -6%	788 -5%	874 +11%	841 -4%	947 +13%	966 +2%	917 -5%	1 019 +11%	1 124 +10%	1 198 +7%	1 499 +25%	1 562 +4%	1 496 -4%	1 449 -3%	1 203 -17%	1 075 -11%	1 111 +3%	1 311 +18%	1 473 +12%	1 625 +10%	1 541 -5%	1 543 +0%	1 685 +9%	1 728 +3%	1 669 -3%	1 875 +12%	1 846 -2%	1 880 +2%	1 864 -1%	1 854 -1%	1 984 +7%	2 345 +18%	2 271 -3%	2 636 +16%	2 878 +9%	2 942 +2%	3 571 +21%	3 627 +2%	3 609 -1%	3 919 +9%	3 999 +2%	3 950 -1%	4 046 +2%	4 587 +13%	3 807 -17%	3 978 +4%	4 615 +16%	4 551 -1%	5 773 +27%	5 703 -1%	5 811 +2%	6 188 +6%	6 190 +0%	7 055 +14%	7 014 -1%	7 079 +1%	7 086 +0%	7 071 0%	6 557 -7%	4 230 -35%	3 532 -17%	2 810 -20%	2 435 -13%	3 640 +50%	3 033 -17%	2 542 -16%	2 398 -6%	1 384 -42%	1 678 +21%	1 428 -15%	1 360 -5%	1 547 +14%	1 645 +6%	1 784 +8%	2 128 +19%	2 876 +35%	2 582 -10%	2 117 -18%	2 454 +16%	2 205 -10%
Investing Cash Flow
Capital Expenditures	(82)	(105)	(119)	(166)	(188)	(225)	(253)	(301)	(325)	(336)	(340)	(370)	(370)	(382)	(359)	(318)	(318)	(242)	(236)	(198)	(170)	(236)	(240)	(284)	(333)	(324)	(330)	(276)	(227)	(191)	(164)	(166)	(167)	(179)	(180)	(173)	(178)	(189)	(231)	(252)	(283)	(279)	(256)	(261)	(232)	(3 484)	(3 506)	(3 509)	(3 518)	(277)	(260)	(288)	(331)	(397)	(564)	(658)	(701)	(679)	(731)	(728)	(1 637)	(1 852)	(1 851)	(1 963)	(1 102)	(1 044)	(956)	(886)	(809)	(731)	(630)	(670)	(804)	(722)	(716)	(552)	(383)	(350)	(327)	(295)	(260)	(227)	(224)	(243)	(257)	(305)	(334)	(311)	(361)	(316)	(359)	(360)	(286)	(270)	(191)	(185)
Other Items	(125)	(500)	(665)	(691)	(689)	(328)	(83)	45	(153)	240	94	(13)	299	1 039	648	736	468	(1 021)	(371)	(402)	(325)	690	507	(3)	663	(160)	(187)	(90)	(680)	(678)	(1 079)	(229)	113	1 021	1 426	518	147	(1 074)	(1 549)	(1 398)	(1 240)	(750)	(709)	(689)	(563)	2 016	2 236	1 904	1 764	(1 381)	(1 615)	(1 255)	(1 720)	(2 278)	(2 561)	(3 895)	(4 553)	(4 058)	(2 980)	(1 757)	(388)	360	(925)	(1 000)	230	(774)	(235)	(1 160)	(2 346)	(1 386)	(1 233)	1 140	1 479	675	982	(57)	(734)	(87)	(290)	(269)	(887)	(74)	1 829	1 820	1 529	130	(3 256)	(3 790)	(2 853)	(1 678)	(1 074)	(439)	(494)	(1 034)	34	(1 186)
Cash from Investing Activities	(207) N/A	(605) -192%	(784) -30%	(857) -9%	(877) -2%	(552) +37%	(336) +39%	(256) +24%	(478) -86%	(96) +80%	(245) -157%	(382) -56%	(71) +81%	657 N/A	289 -56%	418 +45%	150 -64%	(1 263) N/A	(607) +52%	(600) +1%	(495) +17%	455 N/A	266 -41%	(287) N/A	330 N/A	(484) N/A	(517) -7%	(366) +29%	(907) -148%	(869) +4%	(1 244) -43%	(395) +68%	(54) +86%	842 N/A	1 247 +48%	345 -72%	(31) N/A	(1 262) -3 945%	(1 779) -41%	(1 650) +7%	(1 523) +8%	(1 029) +32%	(964) +6%	(950) +1%	(795) +16%	(1 468) -85%	(1 270) +13%	(1 605) -26%	(1 755) -9%	(1 659) +5%	(1 875) -13%	(1 543) +18%	(2 052) -33%	(2 675) -30%	(3 124) -17%	(4 554) -46%	(5 254) -15%	(4 737) +10%	(3 711) +22%	(2 485) +33%	(2 026) +18%	(1 492) +26%	(2 775) -86%	(2 963) -7%	(872) +71%	(1 818) -108%	(1 191) +35%	(2 046) -72%	(3 154) -54%	(2 116) +33%	(1 863) +12%	471 N/A	675 +43%	(47) N/A	266 N/A	(609) N/A	(1 116) -83%	(436) +61%	(617) -42%	(564) +9%	(1 147) -103%	(301) +74%	1 605 N/A	1 577 -2%	1 272 -19%	(175) N/A	(3 590) -1 947%	(4 101) -14%	(3 214) +22%	(1 994) +38%	(1 433) +28%	(799) +44%	(780) +2%	(1 304) -67%	(157) +88%	(1 371) -771%
Financing Cash Flow
Net Issuance of Common Stock	32	(115)	(115)	(112)	(117)	19	19	24	126	(157)	(477)	(461)	(685)	(547)	(206)	(203)	(28)	129	(202)	(173)	(207)	(166)	(2 684)	(2 502)	(2 737)	(3 054)	(151)	(561)	(389)	(124)	(192)	(703)	(1 188)	(2 216)	(2 676)	(1 894)	(1 473)	(449)	16	(183)	(518)	(950)	(1 001)	(917)	(497)	(52)	(356)	(334)	(292)	(635)	(305)	(832)	(829)	(536)	(3 470)	(5 000)	(4 971)	(4 938)	(2 342)	(1 000)	(1 584)	(2 365)	(2 017)	(1 365)	(1 032)	(3 000)	(3 000)	(4 353)	(4 758)	(4 410)	(5 128)	(5 868)	(7 433)	(7 840)	(8 372)	(6 679)	(5 059)	(2 700)	(2 200)	(1 800)	(1 200)	(1 250)	(750)	(750)	0	(250)	0	0	0	0	0	0	0	0	0	0
Net Issuance of Debt	(0)	696	696	696	0	0	0	27	19	10	16	10	(5)	(751)	(761)	(746)	(711)	42	41	(7)	(23)	(20)	1 473	1 489	993	967	(502)	(526)	(25)	(5)	(22)	1	(4)	(7)	(9)	109	107	115	105	(12)	(6)	0	0	(2)	(252)	(455)	(455)	(452)	(202)	0	(3)	(3)	0	0	5 929	5 928	0	0	(3)	(3)	0	0	(3)	(561)	0	(564)	(561)	(3)	0	0	0	0	0	1 467	1 467	1 467	1 298	(170)	(170)	(170)	(1)	0	(1 002)	(1 002)	0	0	837	187	(213)	(463)	(1 300)	(650)	(250)	(17)	(17)	(17)
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15	10	12	32	22	31	51	280	199	227	246	(148)	(100)	(133)	(175)	(22)	11	13	7	0	5	20	(72)	(125)	(112)	(120)	(10)	42	50	54	68	69	131	120	76	79	41	68	12	(145)	(56)	(102)	21	(50)	(363)	(316)	(379)	(454)	(155)	(224)	(182)	(116)	(121)	(57)	(53)	8	6	9	(83)	(61)	(52)	(194)	(127)	(116)	(117)	25	22	5	(22)	(60)	(49)	(38)	(34)	(20)	(37)	(34)	(17)	(17)	(141)	(285)
Cash from Financing Activities	31 N/A	581 +1 763%	581 +0%	584 +0%	579 -1%	19 -97%	19 -4%	51 +175%	145 +184%	(147) N/A	(461) -213%	(451) +2%	(691) -53%	(1 297) -88%	(967) +25%	(949) +2%	(724) +24%	182 N/A	(149) N/A	(148) +0%	(208) -40%	(154) +26%	(1 160) -654%	(733) +37%	(1 545) -111%	(1 860) -20%	(407) +78%	(1 235) -203%	(514) +58%	(261) +49%	(389) -49%	(724) -86%	(1 181) -63%	(2 210) -87%	(2 678) -21%	(1 785) +33%	(1 361) +24%	(313) +77%	49 N/A	(320) N/A	(636) -99%	(1 076) -69%	(1 005) +7%	(878) +13%	(700) +20%	(453) +35%	(743) -64%	(717) +4%	(363) +49%	(515) -42%	(231) +55%	(756) -227%	(790) -5%	(471) +40%	2 472 N/A	783 -68%	901 +15%	888 -1%	(2 325) N/A	(1 053) +55%	(1 949) -85%	(2 684) -38%	(2 398) +11%	(2 380) +1%	(1 747) +27%	(3 788) -117%	(3 743) +1%	(4 472) -19%	(4 883) -9%	(4 467) +9%	(5 181) -16%	(5 860) -13%	(7 426) -27%	(6 364) +14%	(6 988) -10%	(5 273) +25%	(3 812) +28%	(3 064) +20%	(2 497) +18%	(2 086) +16%	(1 318) +37%	(1 225) +7%	(1 730) -41%	(1 747) -1%	(1 774) -2%	(1 313) +26%	788 N/A	149 -81%	(247) N/A	(482) -95%	(1 337) -177%	(684) +49%	(267) +61%	(34) +87%	(158) -366%	(302) -91%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	(0)	0	(1)	(1)	1	(2)	1	1	1	5	4	(1)	(9)	(1)	(7)	2	9	(6)	(3)	(2)	(11)	(0)	4	(4)	3	6	8	12	8	(14)	(41)	(79)	(62)	(53)	(46)	7	(22)	(15)	(31)	(39)	6	22	39	31	(16)	(38)	(19)	0	2	(12)	0	13	2	46	69	23	47	(3)	(60)	(36)	(112)	(139)	(56)	(26)	31	54	35	(8)	(17)	55	(68)	(11)	70	25	102
Net Change in Cash	(34) N/A	123 N/A	(38) N/A	(76) -99%	(45) +40%	(284) -526%	(39) +86%	(35) +10%	(33) +5%	191 N/A	(185) N/A	(105) +43%	(26) +75%	155 N/A	118 -24%	359 +205%	260 -28%	(293) N/A	118 N/A	93 -21%	245 +163%	1 266 +417%	23 -98%	(2) N/A	(92) -5 329%	(1 145) -1 141%	573 N/A	(37) N/A	76 N/A	320 +324%	(425) N/A	(41) +90%	(125) -208%	(66) +47%	41 N/A	178 +334%	151 -15%	(24) N/A	(52) -120%	(245) -375%	(493) -101%	(241) +51%	(124) +49%	56 N/A	365 +550%	(64) N/A	(24) +63%	32 N/A	165 +418%	471 +185%	759 +61%	602 -21%	649 +8%	419 -35%	2 903 +593%	103 -96%	(347) N/A	80 N/A	(2 004) N/A	1 019 N/A	(207) N/A	(193) +7%	(537) -179%	(753) -40%	3 184 N/A	81 -97%	839 +939%	(349) N/A	(1 847) -429%	473 N/A	(43) N/A	1 689 N/A	348 -79%	662 +90%	(119) N/A	(1 583) -1 229%	(1 374) +13%	(643) +53%	(683) -6%	930 N/A	532 -43%	905 +70%	2 134 +136%	1 158 -46%	1 149 -1%	(29) N/A	(1 388) -4 718%	(2 369) -71%	(1 824) +23%	(709) +61%	(588) +17%	1 325 N/A	1 524 +15%	850 -44%	2 163 +155%	634 -71%
Free Cash Flow
Free Cash Flow	60 N/A	41 -31%	45 +10%	31 -32%	64 +108%	25 -62%	26 +5%	(131) N/A	(25) +81%	98 N/A	182 +86%	358 +96%	366 +2%	413 +13%	437 +6%	571 +31%	515 -10%	546 +6%	638 +17%	643 +1%	777 +21%	730 -6%	676 -7%	735 +9%	791 +8%	874 +10%	1 169 +34%	1 286 +10%	1 269 -1%	1 258 -1%	1 039 -17%	909 -12%	944 +4%	1 132 +20%	1 293 +14%	1 452 +12%	1 363 -6%	1 354 -1%	1 454 +7%	1 476 +1%	1 385 -6%	1 596 +15%	1 590 0%	1 619 +2%	1 632 +1%	(1 630) N/A	(1 522) +7%	(1 164) +24%	(1 248) -7%	2 359 N/A	2 619 +11%	2 654 +1%	3 239 +22%	3 230 0%	3 045 -6%	3 261 +7%	3 298 +1%	3 271 -1%	3 315 +1%	3 860 +16%	2 169 -44%	2 126 -2%	2 764 +30%	2 588 -6%	4 671 +80%	4 659 0%	4 855 +4%	5 302 +9%	5 382 +2%	6 324 +18%	6 384 +1%	6 409 +0%	6 282 -2%	6 349 +1%	5 841 -8%	3 678 -37%	3 149 -14%	2 461 -22%	2 107 -14%	3 345 +59%	2 773 -17%	2 315 -17%	2 173 -6%	1 141 -47%	1 421 +25%	1 123 -21%	1 026 -9%	1 236 +20%	1 284 +4%	1 468 +14%	1 768 +20%	2 516 +42%	2 296 -9%	1 847 -20%	2 263 +22%	2 019 -11%

Income Statement Balance Sheet Cash Flow Statement

Biogen Inc
XHAM:IDP

Cash Flow Statement

Cash Flow Statement
Biogen Inc

See Also

Company

Help

Tools

Stocks

Biogen Inc XHAM:IDP

Cash Flow Statement

Cash Flow Statement Biogen Inc

See Also

Company

Help

Tools

Stocks

Biogen Inc
XHAM:IDP

Cash Flow Statement
Biogen Inc