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Microsoft Excel LibreOffice Calc

Biogen Inc. (BIIB)

Analysis of Inventory

Advanced level

Accounting Policy on Inventory

Inventories are stated at the lower of cost or net realizable value with cost based on the first-in, first-out method. Biogen classifies the inventory costs as long-term when Biogen expects to utilize the inventory beyond the normal operating cycle and includes these costs in investments and other assets in the consolidated balance sheets. Inventory that can be used in either the production of clinical or commercial products is expensed as research and development costs when identified for use in a clinical manufacturing campaign.

Source: 10-K (filing date: 2019-02-06).

Inventory Disclosure

Biogen Inc., balance sheet: inventory

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Raw materials hidden hidden hidden hidden hidden
Work in process hidden hidden hidden hidden hidden
Finished goods hidden hidden hidden hidden hidden
Inventory hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-02), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).

Item Description The company
Inventory Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Biogen Inc.’s inventory decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.