Biogen Inc. (BIIB)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s 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

USD $ in thousands

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Product, net
	Revenues from anti-CD20 therapeutic programs
	Other
	Revenues
	Cost of sales, excluding amortization and impairment of acquired intangible assets
	Gross profit
	Research and development
	Selling, general and administrative
	Amortization and impairment of acquired intangible assets
	Collaboration profit sharing
	Acquired in-process research and development
	Restructuring charges
	Gain (loss) on fair value remeasurement of contingent consideration
	TECFIDERA litigation settlement charge
	Gain on sale of rights
	Income from operations
	Interest income
	Interest expense
	Gain (loss) on investments, net
	Foreign exchange gains (losses), net
	Other, net
	Other income (expense), net
	Income before income tax expense and equity in loss of investee, net of tax
	Income tax expense
	Equity in loss of investee, net of tax
	Net income
	Net (income) loss attributable to noncontrolling interests, net of tax
	Net income attributable to Biogen Inc.

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
Revenues	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.’s revenues increased from 2016 to 2017 and from 2017 to 2018.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Biogen Inc.’s income from operations increased from 2016 to 2017 and from 2017 to 2018.
Income before income tax expense and equity in loss of investee, net of tax	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.’s income before income tax expense and equity in loss of investee, net of tax increased from 2016 to 2017 and from 2017 to 2018.
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.’s net income attributable to Biogen Inc. declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

	Biogen Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality