BIOGEN INC.

10-K & 10-Q Filings

Biogen Inc. is a global biopharmaceutical company that focuses on discovering, developing, and delivering innovative therapies for people living with serious and complex diseases, primarily in the areas of neurology, neuropsychiatry, and rare diseases. The company's marketed products include TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, FAMPYRA, SPINRAZA, QALSODY, FUMADERM, and SKYCLARYS for the treatment of multiple sclerosis, Alzheimer's disease, severe plaque psoriasis, spinal muscular atrophy, Friedreich's Ataxia, and other conditions. Biogen also markets biosimilars of advanced biologics such as BENEPALI, IMRALDI, FLIXABI, and BYOOVIZ in certain countries in Europe and BYOOVIZ in the U.S. and certain international markets. The company collaborates with various partners, including Eisai, Sage Therapeutics, and Alkermes, to develop and commercialize their products. Biogen's website is www.biogen.com, and its stock ticker is BIIB.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$5048.63
5516.46
6932.20
9703.32
10763.80
11448.80
12273.90
13452.90
14377.90
13444.60
10981.70
10173.40
9835.60
2463.00
2290.50
5.71%-7.00%Cost of Revenue (-)
$466.78
545.49
857.73
1171.04
1240.40
1478.70
1630.00
1816.30
1955.40
1805.20
2109.70
2278.30
2533.40
662.80
542.20
15.14%-18.20%Gross Profit (+)
$4581.85
4970.97
6074.47
8532.29
9523.40
9970.10
10643.90
11636.60
12422.50
11639.40
8872.00
7895.10
7302.20
1800.20
1748.30
3.96%-2.88%Selling, General & Administrative (-)
$1056.13
1277.46
1712.05
2232.34
2113.10
1947.90
1935.50
2106.30
2374.70
2504.50
2674.30
2403.60
2549.70
605.00
581.50
7.62%-3.88%Research & Development (-)
$1219.60
1334.92
1444.05
1893.42
2012.80
1973.30
2373.60
2709.70
2280.60
4065.90
2519.20
2231.10
2462.00
570.60
452.90
6.03%-20.63%Depreciation & Amortization (-)
$208.57
202.20
342.95
489.76
382.60
385.60
814.70
Non-recurring Operating Expenses (-)
$19.03
2.23
93.40
33.10
0.90
12.00
56.80
-92.50
131.10
218.80
9.60
11.50
22.57%19.79%Operating Expenses (-)
$2857.16
3161.91
3583.86
4615.53
4601.90
4819.70
5299.70
5748.00
5379.90
7089.30
6031.30
4262.10
6005.40
1361.90
1283.50
6.39%-5.76%Costs & Expenses (Total) (-)
$3323.94
3707.40
4441.59
5747.67
5872.80
6298.40
6929.70
7564.30
7335.30
8894.50
8141.00
6581.60
8538.80
2024.70
1825.70
8.18%-9.83%Operating Income/Loss (+)
$1724.69
1855.85
2515.51
3972.41
4891.00
5150.40
5344.20
5888.60
7042.60
4550.10
2840.70
3591.80
1296.80
438.30
464.80
-2.35%6.05%Non-operating Income/Expense (+)
$-13.48
-5.26
-52.15
-40.91
-136.20
-217.40
-215.40
11.00
3.90
497.40
-1095.50
108.20
-315.50
Earnings before Tax (+)
$1711.21
1855.11
2480.58
3946.63
4767.30
4933.00
5128.80
5899.60
7125.90
5047.50
1745.20
3591.80
1296.80
438.30
464.80
-2.28%6.05%Tax Expense (-)
$444.53
470.55
601.01
989.94
1161.60
1237.30
2458.70
1425.60
1158.00
992.30
52.50
632.80
135.30
50.70
71.40
-9.44%40.83%Income/Loss (Continuing Operations) (+)
$1266.69
1384.55
1879.57
2956.69
3605.70
3695.70
2670.10
4474.00
5967.90
4055.20
1692.70
2959.00
1161.50
387.60
393.40
-0.72%1.50%Profit/Loss (+)
$1266.69
1380.03
1862.34
2941.57
3593.20
3695.70
2670.10
4474.00
5888.50
4060.50
1727.60
2961.60
1161.50
387.60
393.40
-0.72%1.50%Net Income/Loss (NCI) (-)
$32.26
6.78
46.20
-7.10
131.00
43.30
59.90
171.50
-85.30
0.40
-0.30
-30.64%Net Income/Loss (+)
$1234.43
1380.03
1862.34
2934.78
3547.00
3702.80
2539.10
4430.70
5888.50
4000.60
1556.10
3046.90
1161.10
387.90
393.40
-0.51%1.42%Net Income/Loss (Common) (+)
$1234.43
1380.03
1862.34
2934.78
3547.00
3702.80
2539.10
4430.70
5888.50
4000.60
1556.10
3046.90
1161.10
387.90
393.40
-0.51%1.42%EPS (Basic)
$5.09
5.80
7.86
12.42
15.38
16.96
11.94
21.63
31.47
24.86
10.44
20.96
8.02
2.69
2.71
3.86%0.74%EPS (Diluted)
$5.04
5.76
7.81
12.37
15.34
16.93
11.92
21.58
31.42
24.80
10.40
20.87
7.97
2.67
2.70
3.89%1.12%Weighted Avg Shares (Basic)
242.40
237.94
236.92
236.36
230.70
218.40
212.60
204.90
187.10
160.90
149.10
145.30
144.70
144.40
145.20
-4.21%0.55%Weighted Avg Shares (Diluted)
245.03
239.74
238.31
237.18
231.20
218.80
213.00
205.30
187.40
161.30
149.60
146.00
145.60
145.20
145.90
-4.25%0.48%Cash
$514.54
570.72
602.56
1204.92
1308.00
2326.50
1573.80
1224.60
2913.70
1331.20
2261.40
3419.30
1049.90
2898.20
1074.40
6.12%-62.93%Short-term Investments
$1176.12
1134.99
620.17
640.46
2120.50
2568.60
2115.20
2313.40
1562.20
1278.90
1541.10
1473.50
2143.10
Receivables
$584.60
686.85
824.41
1292.44
1227.00
1441.60
1787.00
1958.50
1880.50
1913.80
1549.40
1705.00
1664.10
1634.40
1999.70
9.11%22.35%Inventory
$326.84
447.37
659.00
804.02
893.40
1001.60
902.70
929.90
804.20
1068.60
1351.50
1344.40
2527.40
1281.00
2516.80
18.58%96.47%Other Assets (Current)
$373.32
404.41
478.80
730.82
1151.40
1393.90
1494.60
1214.50
1221.20
1294.60
1153.10
1849.00
1617.90
1805.80
1165.30
13.00%-35.47%Assets (Current)
$2975.43
3244.34
3184.93
4672.67
6700.30
8732.20
7873.30
7640.90
8381.80
6887.10
7856.50
9791.20
6859.30
9762.50
6756.20
7.21%-30.79%Securities & Long-term Investments
$1416.74
2036.66
625.77
1470.65
2760.40
2829.40
3057.30
772.10
892.00
705.70
978.20
Property, Plant & Equipment (Net)
$1571.39
1742.23
1750.71
1765.68
2187.60
2501.80
3182.40
3601.20
3674.30
3844.80
3791.80
3702.50
3729.70
3700.00
3703.40
7.47%0.09%Goodwill & Intangibles
$2754.51
2832.84
5707.57
5788.76
6748.90
7477.60
8512.10
8826.40
9285.20
8846.40
7982.40
7599.10
14582.20
7565.10
14512.10
14.90%91.83%Other Assets
$331.55
274.05
594.35
618.79
1107.60
1335.80
1027.50
5220.40
5893.00
4268.50
3354.60
2755.60
1673.60
2592.60
1595.90
14.44%-38.44%Assets (Non-current)
$6074.18
6885.78
8678.40
9643.89
12804.50
14144.60
15779.30
17648.00
18852.50
17731.80
16020.80
14762.90
19985.50
14835.90
19811.40
10.43%33.54%Assets (Total)
$9049.60
10130.12
11863.33
14316.56
19504.80
22876.80
23652.60
25288.90
27234.30
24618.90
23877.30
24554.10
26844.80
24598.40
26567.60
9.48%8.01%Accounts Payable
$232.39
224.06
399.60
397.24
476.10
511.70
463.70
434.00
602.20
596.90
763.90
751.40
660.70
726.70
618.20
9.10%-14.93%Debt (Current)
$3.29
453.38
3.49
3.14
4.80
4.70
3.20
1495.80
999.10
150.00
250.00
37.47%Other Liabilities (Current)
$677.21
979.95
1355.19
1819.33
2096.80
2903.50
2901.30
2861.20
2765.80
3145.30
2535.20
2521.40
2623.60
2288.20
2354.60
11.95%2.90%Liabilities (Current)
$912.89
1657.39
1758.28
2219.71
2577.70
3419.90
3368.20
3295.20
4863.80
3742.20
4298.20
3272.80
3434.30
3014.90
3222.80
11.67%6.90%Debt (Non-current)
$1060.81
687.40
592.43
582.06
6521.50
6512.70
5935.00
5936.50
4871.70
7426.20
6274.00
6281.00
6788.20
6282.70
6290.10
16.73%0.12%Other Liabilities
$648.92
821.54
891.78
700.75
1030.70
815.60
1751.30
3025.60
4159.70
2764.40
2345.40
1611.90
1822.90
1513.80
1841.70
8.99%21.66%Liabilities (Non-current)
$1709.73
1508.93
1484.22
1282.81
7552.20
7328.30
7686.30
8962.10
9031.40
10190.60
8619.40
7892.90
8611.10
7796.50
8131.80
14.42%4.30%Liabilities (Total)
$2622.62
3166.32
3242.50
3502.52
10129.90
10748.20
11054.50
12257.30
13895.20
13932.80
12917.60
11165.70
12045.40
10811.40
11354.60
13.55%5.02%Treasury Stock
$839.90
1324.62
1724.93
2611.71
2611.70
2611.70
2977.10
2977.10
2977.10
2977.10
2977.10
2977.10
2977.10
2977.10
2977.10
11.12%0.00%Retained Earnings
$3106.76
4486.79
6349.14
9283.92
12208.40
15071.60
15810.40
16257.00
16455.40
13976.30
13911.70
16466.50
17627.60
16854.40
18021.00
15.56%6.92%AOCI
$-26.54
-55.30
-27.75
-59.49
-224.00
-319.90
-318.40
-240.40
-135.20
-299.00
-106.70
-164.90
-153.70
-172.00
-160.50
6.69%Shareholder's Equity
$6426.99
6963.80
8620.84
10814.04
9374.90
12128.60
12598.10
13031.60
13339.10
10686.10
10959.70
13388.40
14799.40
13787.00
15213.00
7.20%10.34%Liabilities & Equity
$9049.60
10130.12
11863.33
14316.56
19504.80
22876.80
23652.60
25288.90
27234.30
24618.90
23877.30
24554.10
26844.80
24598.40
26567.60
9.48%8.01%Net Income/Loss
$1266.69
1380.03
1862.34
2941.57
3593.20
3695.70
2670.10
4474.00
5888.50
4060.50
1727.60
2961.60
1161.50
387.60
393.40
-0.72%1.50%Depreciation & Amortization
$358.93
365.65
531.74
688.15
600.40
682.70
1081.00
1016.60
680.60
457.20
487.70
518.40
494.80
112.30
147.50
2.71%31.34%Increase/Decrease in Working Capital
$184.61
-103.73
-87.39
484.36
575.50
-73.00
-235.40
-400.20
-199.30
869.00
-681.30
624.40
371.60
104.50
197.40
6.00%88.90%Share-based Compensation
$113.00
118.57
136.29
155.30
161.40
154.80
128.00
157.50
182.30
198.30
238.60
254.10
264.20
75.60
72.80
7.33%-3.70%Adjustments to Reconcile Net Income
$461.05
499.86
482.74
0.55
122.90
826.70
1880.90
1713.70
1190.10
169.30
1912.30
-1577.30
385.70
67.70
159.80
-1.48%136.04%Net Cash (Operating)
$1727.74
1879.90
2345.08
2942.11
3716.10
4522.40
4551.00
6187.70
7078.60
4229.80
3639.90
1384.30
1547.20
455.30
553.20
-0.92%21.50%Capital Expenditure
$213.70
261.18
3524.00
662.75
850.00
1966.30
3165.80
3120.90
790.20
1483.40
173.30
-747.10
6329.80
71.60
120.90
32.63%68.85%Net Cash (Investing)
$-1650.29
-950.34
-1604.67
-1542.98
-4553.60
-2484.80
-2963.10
-2046.30
470.50
-608.60
-563.70
1576.60
-4101.00
-953.00
-66.00
93.07%Increase/Decrease in Debt
$-8.64
-2.43
-452.34
-2.67
5928.40
-2.70
-560.90
-3.20
1467.40
997.20
-400.00
Increase/Decrease in Equity
$-183.33
-917.22
-333.54
-831.89
-4945.80
-956.30
-1365.40
-4352.60
-5868.30
-6679.10
-1800.00
-750.00
Dividends Paid
$
302.70
71.00
Net Cash (Financing)
$-319.86
-877.48
-716.53
-755.87
986.40
-987.80
-2380.00
-4472.00
-5860.40
-5272.70
-2086.20
-1747.30
149.30
-43.40
-439.60
-912.90%Effect of Exchange Rate
$-2.64
4.10
7.96
-40.90
-45.80
-31.30
39.40
-18.60
0.40
69.00
-59.80
-55.70
35.10
20.00
-23.10
-215.50%Increase/Decrease in Cash
$-242.41
52.08
23.88
643.27
148.90
1049.80
-792.10
-1651.50
990.00
1213.60
-2404.50
-541.10
47.60
108.80%Cash (Beginning)
$759.60
514.54
570.72
602.56
1204.90
1308.00
2326.50
1573.80
1224.60
2913.70
1331.20
2261.40
3419.30
3419.30
1049.90
13.36%-69.29%Cash (Ending)
$514.54
570.72
602.56
1204.92
1308.00
2326.50
1573.80
1224.60
2913.70
1331.20
2261.40
3419.30
1049.90
2898.20
1074.40
6.12%-62.93%NOPAT
$1276.66
1385.11
1906.03
2976.01
3699.26
3858.57
2782.24
4465.66
5898.14
3655.59
2755.24
2959.00
1161.50
387.60
393.40
-0.78%1.50%Gross Margin %
90.75%
90.11%
87.63%
87.93%
88.48%
87.08%
86.72%
86.50%
86.40%
86.57%
80.79%
77.61%
74.24%
73.09%
76.33%
Operating Margin %
34.16%
33.64%
36.29%
40.94%
45.44%
44.99%
43.54%
43.77%
48.98%
33.84%
25.87%
35.31%
13.18%
17.80%
20.29%
NOPAT Margin %
25.29%
25.11%
27.50%
30.67%
34.37%
33.70%
22.67%
33.19%
41.02%
27.19%
25.09%
29.09%
11.81%
15.74%
17.18%
Net Margin %
24.45%
25.02%
26.87%
30.25%
32.95%
32.34%
20.69%
32.93%
40.96%
29.76%
14.17%
29.95%
11.81%
15.75%
17.18%
Tax Rate %
25.98%
25.37%
24.23%
25.08%
24.37%
25.08%
47.94%
24.16%
16.25%
19.66%
3.01%
17.62%
10.43%
11.57%
15.36%
ROA
14.11%
13.67%
16.07%
20.79%
18.97%
16.87%
11.76%
17.66%
21.66%
14.85%
11.54%
12.05%
4.33%
1.58%
1.48%
ROE
19.86%
19.89%
22.11%
27.52%
39.46%
31.81%
22.08%
34.27%
44.22%
34.21%
25.14%
22.10%
7.85%
2.81%
2.59%
ROIC
24.69%
24.97%
22.51%
31.95%
34.87%
33.25%
20.31%
30.43%
39.07%
24.64%
20.05%
22.15%
5.40%
3.09%
1.86%
Asset Turnover
0.56
0.54
0.58
0.68
0.55
0.50
0.52
0.53
0.53
0.55
0.46
0.41
0.37
0.10
0.09
Inventory Turnover
1.43
1.22
1.30
1.46
1.39
1.48
1.81
1.95
2.43
1.69
1.56
1.69
1.00
0.52
0.22
Equity Multiplier
1.41
1.45
1.38
1.32
2.08
1.89
1.88
1.94
2.04
2.30
2.18
1.83
1.81
1.78
1.75
Current Ratio
3.26
1.96
1.81
2.11
2.60
2.55
2.34
2.32
1.72
1.84
1.83
2.99
2.00
3.24
2.10
Quick Ratio
2.49
1.44
1.16
1.41
1.81
1.85
1.63
1.67
1.31
1.21
1.25
2.02
0.79
2.21
0.95
Debt/Equity Ratio
0.17
0.16
0.07
0.05
0.70
0.54
0.47
0.46
0.48
0.69
0.66
0.47
0.47
0.46
0.43
Working Capital/Sales
0.17
0.18
0.15
0.18
0.16
0.14
0.16
0.17
0.15
0.16
0.18
0.20
0.33
0.52
1.29
R&D/Sales
0.24
0.24
0.21
0.20
0.19
0.17
0.19
0.20
0.16
0.30
0.23
0.22
0.25
0.23
0.20
Dividend Payout Ratio %
10.88%
1.94%
Total Payout
$191.96
919.65
785.88
834.57
-982.60
959.00
2229.00
4355.80
5868.30
5282.70
1800.00
750.00
-997.20
400.00
Payout Ratio %
15.04%
66.40%
41.23%
28.04%
-26.56%
24.85%
80.12%
97.54%
99.49%
144.51%
65.33%
25.35%
-85.85%
101.68%