Stock Analysis on Net
Stock Analysis on Net

Biogen Inc. (NASDAQ:BIIB)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Biogen Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Current portion of notes payable
Taxes payable
Accounts payable
Liabilities held for sale
Accrued expense and other
Current liabilities
Notes payable, excluding current portion
Deferred tax liability
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, par value $0.001 per share
Common stock, par value $0.0005 per share
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Treasury stock, at cost
Total Biogen Inc. shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Current Portion of Notes Payable
This item exhibits variability over the periods analyzed. Initially, it decreased sharply from 2.65% at March 31, 2017 to near zero by December 31, 2017. After a period of no data, it rose notably in late 2019 to values around 5.5%, then declined again gradually through 2022, ending at approximately 4% of total liabilities and equity.
Taxes Payable
Taxes payable displayed fluctuations throughout the analyzed quarters, with notable increases to peaks around 2.26% at June 30, 2020. Subsequent quarters show a volatile pattern but generally maintain values between 0.5% and 1.3%, with some higher spikes in early 2022.
Accounts Payable
Accounts payable remained relatively stable overall, fluctuating mildly between approximately 1.3% and 2.5%. The highest level was observed at December 31, 2021 (2.47%), suggesting occasional increases in short-term vendor obligations.
Liabilities Held for Sale
This item emerged briefly during 2019, representing a small portion (around 0.34%-0.37%) of total liabilities and equity, but no other periods reported data, indicating a limited or one-time event.
Accrued Expense and Other
This component showed considerable variability, ranging from around 8% to over 13% across quarters. Notably, it peaked at 13.3% at September 30, 2022, indicating growing accrued expenses or other liabilities in recent periods.
Current Liabilities
Current liabilities fluctuated between approximately 11.9% and 20% of total liabilities and equity, with a noticeable uptick in late 2019 and mid-2022. The highest value recorded was 20.01% at June 30, 2022, indicating a higher proportion of short-term obligations.
Notes Payable, Excluding Current Portion
This long-term debt component generally showed a decreasing trend from above 28% in early 2017 to around 16% in late 2019, followed by a sharp increase to around 30% during 2020 and a gradual decline thereafter to about 25% by September 2022.
Deferred Tax Liability
Deferred tax liabilities demonstrated a pronounced increase from under 1% in early 2017 to peaks above 10% in late 2019. After this peak, there is a consistent decline through 2022, reaching approximately 1.3% by September 2022.
Long-Term Operating Lease Liabilities
These liabilities appeared from 2019 onwards, maintaining a fairly stable range between 1.09% and 1.65%, with a slight decreasing trend by 2022.
Other Long-Term Liabilities
Other long-term liabilities fluctuated moderately between 3.11% and 6.89% over the course of the periods. A peak at 6.89% occurred in December 2017, followed by general stabilization around 4.5%-5.5% from 2019 onward.
Long-Term Liabilities
Long-term liabilities as a whole showed considerable volatility. From about 31.8% in early 2017, values dipped under 30% in 2017, then generally increased through 2020 peaking at over 42%. Subsequently, a downward trend ensued, declining to approximately 32.8% by September 2022.
Total Liabilities
Total liabilities hovered between 44.3% and 56.9%. The proportion rose steadily from 2017 through to 2020, peaking at 56.9%, then trended downward to around 48.6% by late 2022, reflecting shifting capital structure balances.
Common Stock
The common stock component showed no change throughout the periods, maintaining a negligible proportion of 0%, indicating no issuance or retirement of common stock on a scale affecting percentage measures.
Additional Paid-In Capital
This item had sparse data points with small positive values, showing slight increases between 0.09% and 0.50% in sporadic quarters, indicating limited equity injections or adjustments.
Accumulated Other Comprehensive Loss
This item consistently reflected a loss (negative values), generally decreasing in magnitude from about -1.53% in early 2017 to roughly -0.45% in late 2021, but then increasing slightly in volatility towards late 2022, signaling changes in other comprehensive income components.
Retained Earnings
Retained earnings steadily declined from nearly 70% at March 31, 2017 to a low of around 55.99% in mid-2020, thereafter trending upwards to a high of 64.04% in September 2022. This pattern suggests periods of earnings retention and distribution impacting equity balance.
Treasury Stock, at Cost
Treasury stock showed a general gradual increase in absolute value from -14.05% in 2017 to nearly -12% by late 2022, implying progressive repurchase or holding of shares reducing total equity proportion.
Total Shareholders’ Equity
Total shareholders’ equity declined from a high of 55.74% in late 2017 to a low of about 43.15% in mid-2020, followed by a gradual recovery to exceed 51% by September 2022, reflecting shifts influenced by earnings, stock repurchases, and other equity-related transactions.
Noncontrolling Interests
Noncontrolling interests remained minimal and generally negative or near zero throughout most periods, except a brief significant positive anomaly around June and September 2021, which quickly reversed.
Total Equity
Total equity mirrors the trend of shareholders’ equity, decreasing from around 55.69% in 2017 to around 43% in 2020, then recovering gradually to over 51% by late 2022, indicating an overall strengthening of equity base after mid-term declines.
Summary
The financial data reveals pronounced fluctuations in both liabilities and equity components over the period analyzed. Noteworthy is the increase and subsequent decline in deferred tax liabilities and long-term debt proportions, coupled with a dip and recovery in retained earnings and total equity. The data also point to periods of increased short-term obligations and accruals, alongside ongoing treasury stock activity. Overall, the capital structure reflects dynamic management responses to financial and operational conditions, with equity proportions stabilizing higher towards the end of the measured period.