Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Biogen Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Product, net	1,962,100)	2,054,900)	2,066,300)	2,193,500)	2,205,700)	2,236,000)	2,211,700)	2,301,600)	2,690,300)	2,795,700)	2,904,600)	2,924,800)	2,894,700)	2,880,300)	2,680,000)	2,825,700)	2,780,100)	2,757,500)	2,523,500)	2,712,400)	2,622,500)	2,639,700)	2,380,100)
Revenues from anti-CD20 therapeutic programs	416,900)	436,300)	399,400)	414,100)	415,400)	440,000)	389,000)	419,000)	560,100)	478,300)	520,400)	600,800)	595,800)	576,400)	517,400)	534,900)	511,700)	490,400)	443,200)	415,000)	406,500)	397,100)	340,600)
Other	129,500)	97,900)	66,100)	126,200)	157,800)	99,000)	93,300)	132,000)	125,700)	407,600)	109,300)	145,700)	109,600)	160,000)	292,400)	165,700)	147,200)	108,600)	164,400)	179,600)	48,800)	41,600)	90,000)
Revenue	2,508,500)	2,589,100)	2,531,800)	2,733,800)	2,778,900)	2,775,000)	2,694,000)	2,852,600)	3,376,100)	3,681,600)	3,534,300)	3,671,300)	3,600,100)	3,616,700)	3,489,800)	3,526,300)	3,439,000)	3,356,500)	3,131,100)	3,307,000)	3,077,800)	3,078,400)	2,810,700)
Cost of sales, excluding amortization and impairment of acquired intangible assets	(469,500)	(484,000)	(753,900)	(660,100)	(511,800)	(459,700)	(478,100)	(490,700)	(449,100)	(411,100)	(454,300)	(447,100)	(430,000)	(476,300)	(602,000)	(488,500)	(460,800)	(421,000)	(446,000)	(509,200)	(370,000)	(366,200)	(384,600)
Gross profit	2,039,000)	2,105,100)	1,777,900)	2,073,700)	2,267,100)	2,315,300)	2,215,900)	2,361,900)	2,927,000)	3,270,500)	3,080,000)	3,224,200)	3,170,100)	3,140,400)	2,887,800)	3,037,800)	2,978,200)	2,935,500)	2,685,100)	2,797,800)	2,707,800)	2,712,200)	2,426,100)
Research and development	(549,200)	(528,600)	(551,700)	(699,500)	(702,400)	(585,100)	(514,200)	(1,726,100)	(1,140,900)	(647,600)	(476,300)	(691,700)	(540,400)	(484,800)	(563,700)	(611,600)	(507,900)	(981,000)	(496,700)	(587,600)	(446,400)	(796,200)	(423,400)
Selling, general and administrative	(563,300)	(572,600)	(634,900)	(787,900)	(654,100)	(637,300)	(595,000)	(806,200)	(573,100)	(555,100)	(570,100)	(664,900)	(554,500)	(587,600)	(567,700)	(591,100)	(497,700)	(516,200)	(501,300)	(572,400)	(433,800)	(430,200)	(499,100)
Amortization and impairment of acquired intangible assets	(56,500)	(67,500)	(66,900)	(68,100)	(111,000)	(604,100)	(98,100)	(249,200)	(82,600)	(61,500)	(71,500)	(67,700)	(283,900)	(70,100)	(68,200)	(254,100)	(281,900)	(107,400)	(103,900)	(139,800)	(108,900)	(117,500)	(448,500)
Collaboration (profit) loss sharing	(45,300)	(29,400)	117,300)	67,300)	(21,200)	15,200)	(68,500)	(66,300)	(73,000)	(21,800)	(71,800)	(59,800)	(60,200)	(63,500)	(58,100)	(55,800)	(47,500)	(39,200)	(42,500)	(29,800)	(35,200)	(26,500)	(20,800)
Gain (loss) on divestiture of Hillerød, Denmark manufacturing operations	—)	—)	—)	—)	—)	—)	—)	92,500)	—)	—)	—)	40,200)	17,700)	2,300)	(115,500)	—)	—)	—)	—)	—)	—)	—)	—)
Gain (loss) on fair value remeasurement of contingent consideration	2,100)	4,500)	7,100)	1,600)	15,600)	(300)	33,800)	62,700)	29,000)	(10,000)	4,600)	(2,600)	57,800)	20,000)	(11,500)	(79,300)	87,900)	(1,900)	5,600)	(1,500)	(30,000)	(21,200)	(10,000)
Acquired in-process research and development	—)	—)	—)	—)	—)	(18,000)	—)	—)	—)	—)	(75,000)	—)	—)	—)	—)	—)	(27,500)	(75,000)	(10,000)	—)	—)	(120,000)	—)
Restructuring charges	(15,400)	(70,600)	(38,100)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(300)	(800)	(400)	(2,800)	(6,000)	(1,600)	(1,600)	(900)	—)	—)	—)
Gain on sale of building	503,700)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Income from operations	1,315,100)	840,900)	610,700)	587,100)	794,000)	485,700)	973,900)	(330,700)	1,086,400)	1,974,500)	1,819,900)	1,777,700)	1,806,300)	1,955,900)	1,502,700)	1,443,100)	1,697,600)	1,213,200)	1,534,700)	1,465,800)	1,653,500)	1,200,600)	1,024,300)
Other income (expense), net	56,000)	428,600)	(263,300)	(182,100)	(502,900)	96,400)	(506,900)	683,500)	(128,600)	63,000)	(120,500)	(49,300)	(27,300)	(197,400)	357,300)	(28,600)	115,100)	(34,500)	(41,000)	(66,000)	(43,600)	(68,200)	(37,600)
Income before equity in income (loss) of investee and income tax (expense) benefit	1,371,100)	1,269,500)	347,400)	405,000)	291,100)	582,100)	467,000)	352,800)	957,800)	2,037,500)	1,699,400)	1,728,400)	1,779,000)	1,758,500)	1,860,000)	1,414,500)	1,812,700)	1,178,700)	1,493,700)	1,399,800)	1,609,900)	1,132,400)	986,700)
Equity in income (loss) of investee, net of tax	—)	5,900)	(3,300)	17,700)	1,100)	34,300)	(18,200)	18,100)	(13,100)	15,100)	(14,800)	(12,600)	(21,800)	(16,300)	(28,700)	—)	—)	—)	—)	—)	—)	—)	—)
Income before income tax (expense) benefit	1,371,100)	1,275,400)	344,100)	422,700)	292,200)	616,400)	448,800)	370,900)	944,700)	2,052,600)	1,684,600)	1,715,800)	1,757,200)	1,742,200)	1,831,300)	1,414,500)	1,812,700)	1,178,700)	1,493,700)	1,399,800)	1,609,900)	1,132,400)	986,700)
Income tax (expense) benefit	(236,200)	(216,700)	(125,600)	(443,300)	25,900)	409,100)	(44,200)	(13,400)	(240,800)	(446,100)	(292,000)	(276,100)	(211,300)	(248,100)	(422,500)	(469,600)	(369,800)	(263,700)	(322,500)	(1,566,100)	(383,800)	(269,600)	(239,200)
Net income	1,134,900)	1,058,700)	218,500)	(20,600)	318,100)	1,025,500)	404,600)	357,500)	703,900)	1,606,500)	1,392,600)	1,439,700)	1,545,900)	1,494,100)	1,408,800)	944,900)	1,442,900)	915,000)	1,171,200)	(166,300)	1,226,100)	862,800)	747,500)
Net (income) loss attributable to noncontrolling interests, net of tax	(200)	(700)	85,300)	388,800)	11,100)	(577,000)	5,600)	400)	(2,400)	(64,400)	6,500)	—)	—)	—)	—)	1,900)	1,500)	(48,400)	1,700)	(131,100)	—)	—)	100)
Net income attributable to Biogen Inc.	1,134,700)	1,058,000)	303,800)	368,200)	329,200)	448,500)	410,200)	357,900)	701,500)	1,542,100)	1,399,100)	1,439,700)	1,545,900)	1,494,100)	1,408,800)	946,800)	1,444,400)	866,600)	1,172,900)	(297,400)	1,226,100)	862,800)	747,600)

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Biogen Inc. revenue increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Biogen Inc. income from operations increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Income before income tax (expense) benefit	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Biogen Inc. income before income tax (expense) benefit increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Net income attributable to Biogen Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Biogen Inc. net income attributable to Biogen Inc. increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Biogen Inc. (NASDAQ:BIIB)

Income StatementQuarterly Data

Income Statement
Quarterly Data