.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Biogen Inc., adjusted current assets
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current assets | |||||
| Adjustments | ||||||
| | Add: Reserves for allowances | |||||
| After Adjustment | ||||||
| | Adjusted current assets | |||||
Source: Based on data from Biogen Inc. Annual Reports
Adjustments to Total Assets
Biogen Inc., adjusted total assets
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total assets | |||||
| Adjustments | ||||||
| | Add: Operating leased assets1 | |||||
| | Add: Reserves for allowances | |||||
| After Adjustment | ||||||
| | Adjusted total assets | |||||
Source: Based on data from Biogen Inc. Annual Reports
1 Operating leased assets. See Details »
Adjustments to Current Liabilities
Biogen Inc., adjusted current liabilities
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current liabilities | |||||
| Adjustments | ||||||
| | Less: Current restructuring reserve | |||||
| After Adjustment | ||||||
| | Adjusted current liabilities | |||||
Source: Based on data from Biogen Inc. Annual Reports
Adjustments to Total Liabilities
Biogen Inc., adjusted total liabilities
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total liabilities | |||||
| Adjustments | ||||||
| | Add: Operating lease obligations1 | |||||
| | Less: Deferred tax liability2 | |||||
| | Less: Restructuring reserve | |||||
| After Adjustment | ||||||
| | Adjusted total liabilities | |||||
Source: Based on data from Biogen Inc. Annual Reports
1 Operating lease obligations. See Details »
2 Deferred tax liability. See Details »
Adjustments to Stockholders' Equity
Biogen Inc., adjusted total equity
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total Biogen Inc. shareholders' equity | |||||
| Adjustments | ||||||
| | Less: Deferred tax assets and liabilities, net1 | |||||
| | Add: Reserves for allowances | |||||
| | Add: Restructuring reserve | |||||
| | Add: Noncontrolling interests | |||||
| After Adjustment | ||||||
| | Adjusted total equity | |||||
Source: Based on data from Biogen Inc. Annual Reports
1 Deferred tax assets and liabilities, net. See Details »
Adjustments to Capitalization Table
Biogen Inc., adjusted capitalization table
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current portion of notes payable and other financing arrangements | |||||
| | Notes payable and other financing arrangements, excluding current portion | |||||
| | Total reported debt | |||||
| | Total Biogen Inc. shareholders' equity | |||||
| | Total reported capital | |||||
| Adjustments to Debt | ||||||
| | Add: Operating lease obligations1 | |||||
| | Adjusted total debt | |||||
| Adjustments to Equity | ||||||
| | Less: Deferred tax assets and liabilities, net2 | |||||
| | Add: Reserves for allowances | |||||
| | Add: Restructuring reserve | |||||
| | Add: Noncontrolling interests | |||||
| | Adjusted total equity | |||||
| After Adjustment | ||||||
| | Adjusted total capital | |||||
Source: Based on data from Biogen Inc. Annual Reports
1 Operating lease obligations. See Details »
2 Deferred tax assets and liabilities, net. See Details »
Adjustments to Reported Income
Biogen Inc., adjusted comprehensive income
USD $ in thousands
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Net income attributable to Biogen Inc. | |||||
| Adjustments | ||||||
| | Add: Deferred income tax expense (benefit)1 | |||||
| | Add: Increase (decrease) in reserves for allowances | |||||
| | Add: Increase (decrease) in restructuring reserve | |||||
| | Add: Other comprehensive income (loss), net of tax | |||||
| | Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest | |||||
| After Adjustment | ||||||
| | Adjusted comprehensive income | |||||
Source: Based on data from Biogen Inc. Annual Reports
1 Deferred income tax expense (benefit). See Details »
