2014 Q2 Form 10-Q Financial Statement

#000087504514000016 Filed on July 23, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $2.422B $1.724B
YoY Change 40.5% 21.29%
Cost Of Revenue $291.9M $230.7M
YoY Change 26.51% 65.86%
Gross Profit $2.130B $1.493B
YoY Change 42.66% 16.46%
Gross Profit Margin 87.95% 86.61%
Selling, General & Admin $576.6M $431.0M
YoY Change 33.78% 42.83%
% of Gross Profit 27.08% 28.87%
Research & Development $447.3M $327.5M
YoY Change 36.59% -0.64%
% of Gross Profit 21.0% 21.94%
Depreciation & Amortization $164.1M $128.4M
YoY Change 27.8% 41.57%
% of Gross Profit 7.71% 8.6%
Operating Expenses $1.024B $758.5M
YoY Change 34.99% 20.14%
Operating Profit $988.7M $662.5M
YoY Change 49.24% 31.01%
Interest Expense $7.100M $7.300M
YoY Change -2.74% 4.29%
% of Operating Profit 0.72% 1.1%
Other Income/Expense, Net $4.861M -$10.43M
YoY Change -146.61% -453.49%
Pretax Income $993.6M $652.1M
YoY Change 52.37% 28.2%
Income Tax $268.5M $159.1M
% Of Pretax Income 27.03% 24.4%
Net Earnings $714.5M $490.7M
YoY Change 45.61% 26.86%
Net Earnings / Revenue 29.51% 28.47%
Basic Earnings Per Share $3.02 $2.07
Diluted Earnings Per Share $3.01 $2.06
COMMON SHARES
Basic Shares Outstanding 236.7M shares 237.5M shares
Diluted Shares Outstanding 237.4M shares 238.7M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.573B $668.0M
YoY Change 135.48% -52.49%
Cash & Equivalents $863.2M $392.5M
Short-Term Investments $710.0M $275.0M
Other Short-Term Assets $346.8M $173.7M
YoY Change 99.64% 16.58%
Inventory $715.9M $570.4M
Prepaid Expenses
Receivables $1.002B $861.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.925B $2.523B
YoY Change 55.56% -12.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.756B $1.788B
YoY Change -1.77% 10.15%
Goodwill $1.365B $1.211B
YoY Change 12.73%
Intangibles $4.249B $4.679B
YoY Change -9.18%
Long-Term Investments $1.622B $641.0M
YoY Change 153.04% -63.16%
Other Assets $611.8M $533.9M
YoY Change 14.6%
Total Long-Term Assets $8.993B $8.318B
YoY Change 8.11% 32.18%
TOTAL ASSETS
Total Short-Term Assets $3.925B $2.523B
Total Long-Term Assets $8.993B $8.318B
Total Assets $12.92B $10.84B
YoY Change 19.15% 18.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $224.9M $163.1M
YoY Change 37.91% 2.57%
Accrued Expenses $801.0M $545.0M
YoY Change 46.97% 60.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M
YoY Change 0.0% -99.34%
Total Short-Term Liabilities $1.917B $1.304B
YoY Change 46.97% -9.0%
LONG-TERM LIABILITIES
Long-Term Debt $586.0M $726.0M
YoY Change -19.28% 13.08%
Other Long-Term Liabilities $711.0M $595.6M
YoY Change 19.36% 11.54%
Total Long-Term Liabilities $711.0M $595.6M
YoY Change 19.36% -49.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.917B $1.304B
Total Long-Term Liabilities $711.0M $595.6M
Total Liabilities $3.353B $2.939B
YoY Change 14.06% 1.57%
SHAREHOLDERS EQUITY
Retained Earnings $7.544B $5.404B
YoY Change 39.59%
Common Stock $128.0K $128.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.062B $1.366B
YoY Change 50.98%
Treasury Stock Shares
Shareholders Equity $9.561B $7.902B
YoY Change
Total Liabilities & Shareholders Equity $12.92B $10.84B
YoY Change 19.15% 18.33%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $714.5M $490.7M
YoY Change 45.61% 26.86%
Depreciation, Depletion And Amortization $164.1M $128.4M
YoY Change 27.8% 41.57%
Cash From Operating Activities $990.6M $625.3M
YoY Change 58.42% -1.62%
INVESTING ACTIVITIES
Capital Expenditures -$64.00M -$3.305B
YoY Change -98.06% 6124.67%
Acquisitions
YoY Change
Other Investing Activities -$566.1M $2.579B
YoY Change -121.95%
Cash From Investing Activities -$630.1M -$726.2M
YoY Change -13.23% 1267.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -322.4M -170.8M
YoY Change 88.76% -59.08%
NET CHANGE
Cash From Operating Activities 990.6M 625.3M
Cash From Investing Activities -630.1M -726.2M
Cash From Financing Activities -322.4M -170.8M
Net Change In Cash 38.10M -271.7M
YoY Change -114.02% -264.57%
FREE CASH FLOW
Cash From Operating Activities $990.6M $625.3M
Capital Expenditures -$64.00M -$3.305B
Free Cash Flow $1.055B $3.931B
YoY Change -73.17% 470.73%

Facts In Submission

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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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0 USD
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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0 USD
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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3800000 USD
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P18M
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0 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Noncontrolling Interest Increase From Business Combination
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2013Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
78300000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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12003000 USD
CY2014Q2 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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560100000 USD
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CY2013Q2 us-gaap Profit Loss
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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3500000 USD
us-gaap Repayments Of Debt
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452340000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
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CY2014Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
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CY2013Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
327463000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
976157000 USD
us-gaap Revenues
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4551203000 USD
CY2013Q2 us-gaap Revenues
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1723473000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
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7543597000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Revenues
Revenues
3138569000 USD
CY2014Q2 us-gaap Revenues
Revenues
2421452000 USD
us-gaap Sales Revenue Goods Net
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2481697000 USD
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1385918000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2056292000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3799057000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
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576622000 USD
us-gaap Selling General And Administrative Expense
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1088296000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
783610000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
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431012000 USD
us-gaap Share Based Compensation
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67387000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
83856000 USD
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
160000 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
112000 shares
CY2011Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
20000000.0 shares
CY2014Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
8620242000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
9561299000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9565226000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8620838000 USD
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
944400000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
179685000 USD
CY2014Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
192758000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1200000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000 shares
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2061832000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1724927000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements requires us to make estimates, judgments, and assumptions that may affect the reported amounts of assets, liabilities, equity, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates and judgments and methodologies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.</font></div></div>
CY2014Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
474500000 USD
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
416300000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237634000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
238743000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
238543000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237401000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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236729000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237484000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236661000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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237162000 shares
CY2014Q2 biib Accounts Receivable Outstanding For Greater Than One Year
AccountsReceivableOutstandingForGreaterThanOneYear
15500000 USD
CY2013Q4 biib Accounts Receivable Outstanding For Greater Than One Year
AccountsReceivableOutstandingForGreaterThanOneYear
45900000 USD
CY2014Q1 biib Accounts Receivable Payments Received Receivables Aged Greater Than One And Two Years
AccountsReceivablePaymentsReceivedReceivablesAgedGreaterThanOneAndTwoYears
59600000 USD
CY2013Q4 biib Accounts Receivable Payments Received Receivables Aged Greater Than Two Years
AccountsReceivablePaymentsReceivedReceivablesAgedGreaterThanTwoYears
10000000 USD
biib Adjustments To Product Revenue Reserves Relating To Sales In Prior Years
AdjustmentsToProductRevenueReservesRelatingToSalesInPriorYears
-12600000 USD
CY2013Q4 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
52700000 USD
CY2014Q2 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
79800000 USD
CY2013Q4 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
52600000 USD
CY2014Q2 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
79800000 USD
biib Average Maturity Of Marketable Securities
AverageMaturityOfMarketableSecurities
P13M
CY2013 biib Average Maturity Of Marketable Securities
AverageMaturityOfMarketableSecurities
P13M
CY2013Q4 biib Clinical Development Expenses
ClinicalDevelopmentExpenses
55200000 USD
CY2014Q2 biib Clinical Development Expenses
ClinicalDevelopmentExpenses
62500000 USD
CY2014Q2 biib Collaboration Expenses
CollaborationExpenses
37700000 USD
CY2013Q4 biib Collaboration Expenses
CollaborationExpenses
18700000 USD
biib Collaborationprofitsharing
Collaborationprofitsharing
85357000 USD
biib Collaborationprofitsharing
Collaborationprofitsharing
0 USD
CY2013Q2 biib Collaborationprofitsharing
Collaborationprofitsharing
0 USD
CY2014Q2 biib Collaborationprofitsharing
Collaborationprofitsharing
0 USD
CY2014Q2 biib Construction In Progress Accrual
ConstructionInProgressAccrual
15700000 USD
CY2013Q4 biib Construction In Progress Accrual
ConstructionInProgressAccrual
25000000 USD
biib Current Provisions To Product Revenue Reserves Relating To Sales In Current Year
CurrentProvisionsToProductRevenueReservesRelatingToSalesInCurrentYear
753200000 USD
CY2013Q4 biib Due From Unconsolidated Joint Business
DueFromUnconsolidatedJointBusiness
252662000 USD
CY2014Q2 biib Due From Unconsolidated Joint Business
DueFromUnconsolidatedJointBusiness
286897000 USD
CY2014Q2 biib Effective Income Tax Rate Reconciliation Manufacturing Deduction
EffectiveIncomeTaxRateReconciliationManufacturingDeduction
-0.017
biib Effective Income Tax Rate Reconciliation Manufacturing Deduction
EffectiveIncomeTaxRateReconciliationManufacturingDeduction
-0.018
biib Effective Income Tax Rate Reconciliation Manufacturing Deduction
EffectiveIncomeTaxRateReconciliationManufacturingDeduction
-0.111
CY2013Q2 biib Effective Income Tax Rate Reconciliation Manufacturing Deduction
EffectiveIncomeTaxRateReconciliationManufacturingDeduction
-0.024
CY2013Q1 biib Expense For Non Income Based State Taxes
ExpenseForNonIncomeBasedStateTaxes
10300000 USD
CY2013Q2 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
6100000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
6700000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
5000000 USD
CY2014Q2 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
2100000 USD
biib Interest In Subsidiary
InterestInSubsidiary
1.00
CY2013Q4 biib Inventory Various Programs Gross
InventoryVariousProgramsGross
93700000 USD
CY2014Q2 biib Inventory Various Programs Gross
InventoryVariousProgramsGross
45500000 USD
CY2014Q2 biib Investment In Biotechnology Companies That Are Determined To Be Unconsolidated Variable Interest Entities
InvestmentInBiotechnologyCompaniesThatAreDeterminedToBeUnconsolidatedVariableInterestEntities
11400000 USD
CY2013Q4 biib Investment In Biotechnology Companies That Are Determined To Be Unconsolidated Variable Interest Entities
InvestmentInBiotechnologyCompaniesThatAreDeterminedToBeUnconsolidatedVariableInterestEntities
5500000 USD
biib Maximum Term For Accounts Receivable
MaximumTermForAccountsReceivable
P90D
biib Minimum Term For Accounts Receivable
MinimumTermForAccountsReceivable
P30D
CY2013Q1 biib Net Benefit For Previously Unrecognized Position
NetBenefitForPreviouslyUnrecognizedPosition
49800000 USD
biib Number Of Days For Calculation Of Average Closing Stock Price
NumberOfDaysForCalculationOfAverageClosingStockPrice
P30D
biib Other Income Expense Net
OtherIncomeExpenseNet
-3000000 USD
biib Other Income Expense Net
OtherIncomeExpenseNet
-11700000 USD
CY2013Q2 biib Other Income Expense Net
OtherIncomeExpenseNet
-3000000 USD
CY2014Q2 biib Other Income Expense Net
OtherIncomeExpenseNet
-2600000 USD
biib Payment Terms Of Accounts Receivable
PaymentTermsOfAccountsReceivable
30 to 90 days
biib Payments Returns Applied Against Product Revenue Reserves Relating To Current Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToCurrentYear
441900000 USD
biib Payments Returns Applied Against Product Revenue Reserves Relating To Prior Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToPriorYear
265700000 USD
CY2014Q2 biib Percentage Of Venture Capital Investments To Assets
PercentageOfVentureCapitalInvestmentsToAssets
0.002
CY2013Q4 biib Percentage Of Venture Capital Investments To Assets
PercentageOfVentureCapitalInvestmentsToAssets
0.002
CY2013Q2 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
600000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
1300000 USD
CY2014Q2 biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
100000 USD
biib Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
2000000 USD
CY2014Q2 biib Finitelivedintangibleassetsfutureamortization
Finitelivedintangibleassetsfutureamortization
1817400000 USD
CY2013Q2 biib Gain On Sale Of Rights
GainOnSaleOfRights
5319000 USD
CY2014Q2 biib Gain On Sale Of Rights
GainOnSaleOfRights
3900000 USD
biib Gain On Sale Of Rights
GainOnSaleOfRights
7759000 USD
biib Gain On Sale Of Rights
GainOnSaleOfRights
10370000 USD
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
236144705 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
BIOGEN IDEC INC.
biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
123600000 USD
CY2013Q2 biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
66400000 USD
CY2014Q2 biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
55500000 USD
biib Share Based Compensation Expense Included In Costs And Expenses
ShareBasedCompensationExpenseIncludedInCostsAndExpenses
129500000 USD
biib Sharebased Compensation Arrangementby Sharebased Payment Award Performance Multiplier Threshold
SharebasedCompensationArrangementbySharebasedPaymentAwardPerformanceMultiplierThreshold
0.5
CY2013Q2 biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
288785000 USD
CY2014Q2 biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
303296000 USD
biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
600181000 USD
biib Unconsolidated Joint Business
UnconsolidatedJointBusiness
553391000 USD
CY2013Q4 biib Unrealized Gain Losses On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossesOnForeignCurrencyDerivativesNetBeforeTax
23600000 USD
CY2014Q2 biib Unrealized Gain Losses On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossesOnForeignCurrencyDerivativesNetBeforeTax
7000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000875045

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