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v3.19.2

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Total revenues | $ 3,616.7 | $ 3,356.5 | $ 7,106.5 | $ 6,487.6
Cost and expenses: |  |  |  |
Cost of sales, excluding amortization and impairment of acquired intangible assets | 476.3 | 421.0 | 1,078.3 | 867.0
Research and development | 484.8 | 981.0 | 1,048.5 | 1,477.7
Selling, general and administrative | 587.6 | 516.2 | 1,155.3 | 1,017.5
Amortization and impairment of acquired intangible assets | 70.1 | 107.4 | 138.3 | 211.3
Collaboration profit (loss) sharing | 63.5 | 39.2 | 121.6 | 81.7
Loss on assets and liabilities held for sale | (2.3) | 0.0 | 113.2 | 0.0
(Gain) loss on fair value remeasurement of contingent consideration | (20.0) | 1.9 | (8.5) | (3.7)
Restructuring charges | 0.8 | 1.6 | 1.2 | 3.2
Acquired in-process research and development | 0.0 | 75.0 | 0.0 | 85.0
Total cost and expenses | 1,660.8 | 2,143.3 | 3,647.9 | 3,739.7
Income from operations | 1,955.9 | 1,213.2 | 3,458.6 | 2,747.9
Other income (expense), net | (197.4) | (34.5) | 159.9 | (75.5)
Income before income tax expense and equity in loss of investee, net of tax | 1,758.5 | 1,178.7 | 3,618.5 | 2,672.4
Income tax expense | 248.1 | 263.7 | 670.6 | 586.2
Equity in loss of investee, net of tax | 16.3 | 0.0 | 45.0 | 0.0
Net income | 1,494.1 | 915.0 | 2,902.9 | 2,086.2
Net income (loss) attributable to noncontrolling interests, net of tax | 0.0 | 48.4 | 0.0 | 46.7
Net income attributable to Biogen Inc. | $ 1,494.1 | $ 866.6 | $ 2,902.9 | $ 2,039.5
Net income per share: |  |  |  |
Basic earnings per share attributable to Biogen Inc. | $ 7.85 | $ 4.18 | $ 15.01 | $ 9.75
Diluted earnings per share attributable to Biogen Inc. | $ 7.85 | $ 4.18 | $ 14.99 | $ 9.73
Weighted-average shares used in calculating: |  |  |  |
Basic earnings per share attributable to Biogen Inc. | 190.3 | 207.1 | 193.4 | 209.2
Diluted earnings per share attributable to Biogen Inc. | 190.4 | 207.3 | 193.7 | 209.5
Product, net |  |  |  |
Total revenues | $ 2,880.3 | $ 2,757.5 | $ 5,560.3 | $ 5,281.0
Revenues from anti-CD20 therapeutic programs |  |  |  |
Total revenues | 576.4 | 490.4 | 1,093.8 | 933.6
Other |  |  |  |
Total revenues | $ 160.0 | $ 108.6 | $ 452.4 | $ 273.0

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