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v3.19.1

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Total revenues | $ 3,489.8 | $ 3,131.1
Cost and expenses: |  |
Cost of sales, excluding amortization and impairment of acquired intangible assets | 602.0 | 446.0
Research and development | 563.7 | 496.7
Selling, general and administrative | 567.7 | 501.3
Loss on assets and liabilities held for sale | 115.5 | 0.0
Amortization and impairment of acquired intangible assets | 68.2 | 103.9
Collaboration profit (loss) sharing | 58.1 | 42.5
Acquired in-process research and development | 0.0 | 10.0
Loss (gain) on fair value remeasurement of contingent consideration | 11.5 | (5.6)
Restructuring charges | 0.4 | 1.6
Total cost and expenses | 1,987.1 | 1,596.4
Income from operations | 1,502.7 | 1,534.7
Other income (expense), net | 357.3 | (41.0)
Income before income tax expense and equity in loss of investee, net of tax | 1,860.0 | 1,493.7
Income tax expense | 422.5 | 322.5
Equity in loss of investee, net of tax | 28.7 | 0.0
Net income | 1,408.8 | 1,171.2
Net income (loss) attributable to noncontrolling interests, net of tax | 0.0 | (1.7)
Net income attributable to Biogen Inc. | $ 1,408.8 | $ 1,172.9
Net income per share: |  |
Basic earnings per share attributable to Biogen Inc. | $ 7.17 | $ 5.55
Diluted earnings per share attributable to Biogen Inc. | $ 7.15 | $ 5.54
Weighted-average shares used in calculating: |  |
Basic earnings per share attributable to Biogen Inc. | 196.6 | 211.4
Diluted earnings per share attributable to Biogen Inc. | 197.0 | 211.7
Product, net |  |
Total revenues | $ 2,680.0 | $ 2,523.5
Revenues from anti-CD20 therapeutic programs |  |
Total revenues | 517.4 | 443.2
Other |  |
Total revenues | $ 292.4 | $ 164.4

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