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v3.22.2

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Total revenue | $ 2,589.1 | $ 2,775.0 | $ 5,120.9 | $ 5,469.0
Cost and expenses: |  |  |  |
Cost of sales, excluding amortization and impairment of acquired intangible assets | 484.0 | 459.7 | 1,237.9 | 937.8
Research and development | 528.6 | 585.1 | 1,080.3 | 1,099.3
Selling, general and administrative | 572.6 | 637.3 | 1,207.5 | 1,232.3
Amortization and impairment of acquired intangible assets | 67.5 | 604.1 | 134.4 | 702.2
Collaboration profit (loss) sharing | 29.4 | (15.2) | (87.9) | 53.3
(Gain) loss on fair value remeasurement of contingent consideration | (4.5) | 0.3 | (11.6) | (33.5)
Acquired in-process research and development | 0.0 | 18.0 | 0.0 | 18.0
Restructuring charges | 70.6 | 0.0 | 108.7 | 0.0
Other (income) expense, net | (428.6) | (96.4) | (165.3) | 410.5
Total cost and expense | 1,319.6 | 2,192.9 | 3,504.0 | 4,419.9
Income before income tax expense and equity in loss of investee, net of tax | 1,269.5 | 582.1 | 1,616.9 | 1,049.1
Income tax (benefit) expense | 216.7 | (409.1) | 342.3 | (364.9)
Equity in (income) loss of investee, net of tax | (5.9) | (34.3) | (2.6) | (16.1)
Net income | 1,058.7 | 1,025.5 | 1,277.2 | 1,430.1
Net income (loss) attributable to noncontrolling interests, net of tax | 0.7 | 577.0 | (84.6) | 571.4
Net income attributable to Biogen Inc. | $ 1,058.0 | $ 448.5 | $ 1,361.8 | $ 858.7
Net income per share: |  |  |  |
Basic earnings per share attributable to Biogen Inc. | $ 7.25 | $ 3.00 | $ 9.30 | $ 5.70
Diluted earnings per share attributable to Biogen Inc. | $ 7.24 | $ 2.99 | $ 9.27 | $ 5.68
Weighted-average shares used in calculating: |  |  |  |
Basic earnings per share attributable to Biogen Inc. | 145,900 | 149,700 | 146,500 | 150,800
Diluted earnings per share attributable to Biogen Inc. | 146,200 | 150,100 | 146,800 | 151,200
Product, net |  |  |  |
Total revenue | $ 2,054.9 | $ 2,236.0 | $ 4,121.2 | $ 4,447.7
Revenue from anti-CD20 therapeutic programs |  |  |  |
Total revenue | 436.3 | 440.0 | 835.7 | 829.0
Other |  |  |  |
Total revenue | $ 97.9 | $ 99.0 | $ 164.0 | $ 192.3

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