2021 Q4 Form 10-K Financial Statement

#000087504522000007 Filed on February 03, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.734B $10.98B $2.853B
YoY Change -4.16% -18.32% -22.3%
Cost Of Revenue $660.1M $2.110B $490.6M
YoY Change 34.55% 16.87% 9.73%
Gross Profit $2.074B $8.872B $2.362B
YoY Change -12.2% -23.78% -26.74%
Gross Profit Margin 75.85% 80.79% 82.8%
Selling, General & Admin $787.9M $2.674B $806.2M
YoY Change -2.27% 6.78% 21.97%
% of Gross Profit 37.99% 30.14% 34.13%
Research & Development $699.5M $2.501B $1.726B
YoY Change -59.48% -37.33% 150.41%
% of Gross Profit 33.73% 28.19% 73.08%
Depreciation & Amortization $134.7M $487.7M $90.40M
YoY Change 49.0% 6.67% -20.0%
% of Gross Profit 6.5% 5.5% 3.83%
Operating Expenses $1.554B $5.176B $2.528B
YoY Change -38.54% -20.32% 77.19%
Operating Profit $519.8M $2.841B -$166.4M
YoY Change -412.38% -37.57% -109.26%
Interest Expense -$113.2M $253.6M $614.6M
YoY Change -118.42% 13.98% -945.39%
% of Operating Profit -21.78% 8.93%
Other Income/Expense, Net -$1.600M -$1.096B $2.500M
YoY Change -164.0% -320.25% -106.87%
Pretax Income $405.0M $448.3M $352.9M
YoY Change 14.76% -86.37% -79.58%
Income Tax $443.2M $52.50M $13.30M
% Of Pretax Income 109.43% 11.71% 3.77%
Net Earnings $368.2M $1.556B $357.9M
YoY Change 2.88% -61.1% -75.14%
Net Earnings / Revenue 13.47% 14.17% 12.55%
Basic Earnings Per Share $10.44 $2.33
Diluted Earnings Per Share $2.496M $10.40 $2.32
COMMON SHARES
Basic Shares Outstanding 146.9M shares 149.1M shares 153.7M shares
Diluted Shares Outstanding 149.6M shares 154.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.803B $3.803B $2.610B
YoY Change 45.68% 45.69% -41.69%
Cash & Equivalents $2.261B $2.261B $1.331B
Short-Term Investments $1.541B $1.541B $1.279B
Other Short-Term Assets $740.8M $740.8M $881.1M
YoY Change -15.92% -15.91% 39.64%
Inventory $1.352B $1.352B $1.069B
Prepaid Expenses
Receivables $1.549B $1.962B $1.914B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.857B $7.857B $6.887B
YoY Change 14.08% 14.08% -17.83%
LONG-TERM ASSETS
Property, Plant & Equipment $3.416B $3.792B $3.412B
YoY Change 0.14% -1.38% 5.06%
Goodwill $5.761B $5.762B
YoY Change -0.02% 0.07%
Intangibles $2.221B $3.084B
YoY Change -27.98% -12.56%
Long-Term Investments $2.832B $2.832B $3.671B
YoY Change -22.87% -22.87% 38.32%
Other Assets $1.940B $1.415B $2.899B
YoY Change -33.1% 3.29% 131.4%
Total Long-Term Assets $16.02B $16.02B $17.73B
YoY Change -9.65% -9.65% -5.94%
TOTAL ASSETS
Total Short-Term Assets $7.857B $7.857B $6.887B
Total Long-Term Assets $16.02B $16.02B $17.73B
Total Assets $23.88B $23.88B $24.62B
YoY Change -3.01% -3.01% -9.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $589.2M $589.2M $454.9M
YoY Change 29.52% 29.49% -14.3%
Accrued Expenses $1.471B $1.471B $1.716B
YoY Change -14.28% -14.28% 1.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $999.1M $999.1M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $4.298B $4.298B $3.742B
YoY Change 14.86% 14.86% -23.06%
LONG-TERM LIABILITIES
Long-Term Debt $6.274B $6.274B $7.426B
YoY Change -15.51% -15.51% 66.54%
Other Long-Term Liabilities $1.321B $1.651B $1.330B
YoY Change -0.68% -4.68% -1.43%
Total Long-Term Liabilities $1.321B $7.925B $1.330B
YoY Change -0.68% -13.46% -1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.298B $4.298B $3.742B
Total Long-Term Liabilities $1.321B $7.925B $1.330B
Total Liabilities $12.92B $12.98B $13.93B
YoY Change -7.29% -6.74% 0.27%
SHAREHOLDERS EQUITY
Retained Earnings $13.91B $13.98B
YoY Change -0.46% -15.07%
Common Stock $100.0K $100.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.977B $2.977B
YoY Change 0.0% 0.0%
Treasury Stock Shares 23.80M shares 23.80M shares
Shareholders Equity $10.90B $10.90B $10.70B
YoY Change
Total Liabilities & Shareholders Equity $23.88B $23.88B $24.62B
YoY Change -3.01% -3.01% -9.6%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $368.2M $1.556B $357.9M
YoY Change 2.88% -61.1% -75.14%
Depreciation, Depletion And Amortization $134.7M $487.7M $90.40M
YoY Change 49.0% 6.67% -20.0%
Cash From Operating Activities $838.3M $3.640B -$367.1M
YoY Change -328.36% -13.95% -118.73%
INVESTING ACTIVITIES
Capital Expenditures -$68.50M $258.1M -$101.0M
YoY Change -32.18% -39.24% -61.94%
Acquisitions
YoY Change
Other Investing Activities -$44.20M -$12.90M -$65.40M
YoY Change -32.42% -147.96% -106.72%
Cash From Investing Activities -$112.7M -$563.7M -$166.4M
YoY Change -32.27% -7.38% -123.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.800B
YoY Change -73.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.800M -$2.086B -401.1M
YoY Change -102.44% -60.43% -81.05%
NET CHANGE
Cash From Operating Activities 838.3M $3.640B -367.1M
Cash From Investing Activities -112.7M -$563.7M -166.4M
Cash From Financing Activities 9.800M -$2.086B -401.1M
Net Change In Cash 735.4M $990.0M -934.6M
YoY Change -178.69% -159.95% -269.25%
FREE CASH FLOW
Cash From Operating Activities $838.3M $3.640B -$367.1M
Capital Expenditures -$68.50M $258.1M -$101.0M
Free Cash Flow $906.8M $3.382B -$266.1M
YoY Change -440.77% -11.12% -111.96%

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<div style="margin-top:9pt"><span style="color:#2573ba;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our consolidated financial statements requires us to make estimates, judgments and assumptions that may affect the reported amounts of assets, liabilities, equity, revenue and expense and related </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">disclosure of contingent assets and liabilities. On an ongoing basis we evaluate our estimates, judgments and assumptions. We base our estimates on historical experience and on various other assumptions that we believe are reasonable, the results of which form the basis for making judgments about the carrying values of assets, liabilities and equity and the amount of revenue and expense. Actual results may differ from these estimates.</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The length of time and full extent to which the COVID-19 pandemic directly or indirectly impacts our business, results of operations and financial condition, including sales, expense, reserves and allowances, the supply chain, manufacturing, clinical trials, research and development costs and employee-related costs, depends on future developments that are highly uncertain, subject to change and are difficult to predict, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain or treat COVID-19 as well as the economic impact on local, regional, national and international customers and markets. We have made estimates of the impact of the COVID-19 pandemic within our consolidated financial statements and there may be changes to those estimates in future periods.</span></div>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt"><span style="color:#2573ba;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk include cash and cash equivalents, investments, derivatives and accounts receivable. We attempt to minimize the risks related to cash and cash equivalents and investments by investing in a broad and diverse range of financial instruments as previously defined by us. We have established guidelines related to credit ratings and maturities intended to safeguard principal balances and maintain liquidity. Our investment portfolio is maintained in accordance with our investment policy, which defines allowable investments, specifies credit quality standards and limits the credit exposure of any single issuer. We minimize credit risk resulting from derivative instruments by choosing only highly rated financial institutions as counterparties.</span></div>Concentrations of credit risk with respect to receivables, which are typically unsecured, are somewhat mitigated due to the wide variety of customers and markets using our products, as well as their dispersion across many different geographic areas. We monitor the financial performance and creditworthiness of our customers so that we can properly assess and respond to changes in their credit profile. We continue to monitor these conditions and assess their possible impact on our business.
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Advertising Expense
AdvertisingExpense
98700000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
111800000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
79200000 USD
CY2021 biib Number Of Wholesalers
NumberOfWholesalers
2 wholesaler
CY2021 biib Number Of Wholesalers
NumberOfWholesalers
2 wholesaler
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1276000000 USD
CY2021 biib Current Provisions To Product Revenue Reserves Relating To Sales In Current Year
CurrentProvisionsToProductRevenueReservesRelatingToSalesInCurrentYear
3700600000 USD
CY2021 biib Adjustments To Product Revenue Reserves Relating To Sales In Prior Years
AdjustmentsToProductRevenueReservesRelatingToSalesInPriorYears
103400000 USD
CY2021 biib Payments Returns Applied Against Product Revenue Reserves Relating To Current Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToCurrentYear
2882800000 USD
CY2021 biib Payments Returns Applied Against Product Revenue Reserves Relating To Prior Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToPriorYear
1055100000 USD
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
935300000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1198900000 USD
CY2020 biib Current Provisions To Product Revenue Reserves Relating To Sales In Current Year
CurrentProvisionsToProductRevenueReservesRelatingToSalesInCurrentYear
4102500000 USD
CY2020 biib Adjustments To Product Revenue Reserves Relating To Sales In Prior Years
AdjustmentsToProductRevenueReservesRelatingToSalesInPriorYears
53700000 USD
CY2020 biib Payments Returns Applied Against Product Revenue Reserves Relating To Current Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToCurrentYear
3061200000 USD
CY2020 biib Payments Returns Applied Against Product Revenue Reserves Relating To Prior Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToPriorYear
910500000 USD
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1276000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1051300000 USD
CY2019 biib Current Provisions To Product Revenue Reserves Relating To Sales In Current Year
CurrentProvisionsToProductRevenueReservesRelatingToSalesInCurrentYear
3698600000 USD
CY2019 biib Adjustments To Product Revenue Reserves Relating To Sales In Prior Years
AdjustmentsToProductRevenueReservesRelatingToSalesInPriorYears
48300000 USD
CY2019 biib Payments Returns Applied Against Product Revenue Reserves Relating To Current Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToCurrentYear
2778600000 USD
CY2019 biib Payments Returns Applied Against Product Revenue Reserves Relating To Prior Year
PaymentsReturnsAppliedAgainstProductRevenueReservesRelatingToPriorYear
724100000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1198900000 USD
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
935300000 USD
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1276000000 USD
CY2021 biib Revenues In Percentage From Anti Cd20 Therapeutic Programs
RevenuesInPercentageFromAntiCD20TherapeuticPrograms
0.151
CY2020 biib Revenues In Percentage From Anti Cd20 Therapeutic Programs
RevenuesInPercentageFromAntiCD20TherapeuticPrograms
0.147
CY2019 biib Revenues In Percentage From Anti Cd20 Therapeutic Programs
RevenuesInPercentageFromAntiCD20TherapeuticPrograms
0.159
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
349600000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
314900000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
814000000.0 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
544500000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
187900000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
209200000 USD
CY2021Q4 biib Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
1351500000 USD
CY2020Q4 biib Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
1068600000 USD
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
167600000 USD
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
26600000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
52200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7413100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5388500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2024600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7394300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5136500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2257800000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
7609800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5388500000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2221300000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8220800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5136500000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3084300000 USD
CY2021 biib Amortizationand Impairmentof Acquired Intangible Assets
AmortizationandImpairmentofAcquiredIntangibleAssets
881300000 USD
CY2020 biib Amortizationand Impairmentof Acquired Intangible Assets
AmortizationandImpairmentofAcquiredIntangibleAssets
464800000 USD
CY2019 biib Amortizationand Impairmentof Acquired Intangible Assets
AmortizationandImpairmentofAcquiredIntangibleAssets
489900000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
252000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
255100000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
274000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
255000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
210000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
195000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
195000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
180000000.0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5762100000 USD
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-1000000.0 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
4300000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
5761100000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
5757800000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5762100000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021 biib Technological And Regulatory Success Probability
TechnologicalAndRegulatorySuccessProbability
0.109
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1632200000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
626900000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2435900000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
400000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3200000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2433100000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1167000000 USD
CY2021Q4 biib Equity Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
EquitySecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
160900000 USD
CY2021Q4 biib Equity Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
EquitySecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
279400000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1048500000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2049100000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2300000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2051000000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1239500000 USD
CY2020Q4 biib Equity Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
EquitySecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
749700000 USD
CY2020Q4 biib Equity Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
EquitySecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
14900000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1974300000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1541100000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1541700000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1278900000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1278600000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
868200000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
870200000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
722600000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
721300000 USD
CY2021Q4 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
23800000 USD
CY2021Q4 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
24000000.0 USD
CY2020Q4 biib Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
49500000 USD
CY2020Q4 biib Available For Sale Securities Debt Maturities After Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCost
49200000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2433100000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2435900000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2051000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2049100000 USD
CY2021 biib Average Maturity Of Marketable Securities
AverageMaturityOfMarketableSecurities
P10M
CY2020 biib Average Maturity Of Marketable Securities
AverageMaturityOfMarketableSecurities
P11M
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3405400000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
7299400000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
6007000000 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
200000 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
17700000 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
6000000.0 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
4000000.0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
26000000.0 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
1500000 USD
CY2021 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P15M
CY2021 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-43300000 USD
CY2020 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
30100000 USD
CY2019 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-5900000 USD
CY2021Q4 us-gaap Land
Land
207500000 USD
CY2020Q4 us-gaap Land
Land
119800000 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1699700000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1025300000 USD
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
121000000.0 USD
CY2020Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
104600000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1585500000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1027800000 USD
CY2021Q4 biib Computer Software And Hardware
ComputerSoftwareAndHardware
971600000 USD
CY2020Q4 biib Computer Software And Hardware
ComputerSoftwareAndHardware
903000000.0 USD
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
67400000 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
62500000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
770300000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1950800000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5423000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5193800000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2006600000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1782300000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3416400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3411500000 USD
CY2021 us-gaap Depreciation
Depreciation
235300000 USD
CY2020 us-gaap Depreciation
Depreciation
201900000 USD
CY2019 us-gaap Depreciation
Depreciation
190600000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
36300000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
65200000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
68800000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
419500000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
485200000 USD
CY2021 us-gaap Lease Cost
LeaseCost
97900000 USD
CY2020 us-gaap Lease Cost
LeaseCost
92400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
99600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
89700000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
79700000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
57200000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
44800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
84000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
455000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
35500000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
419500000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y5M4D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
105800000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
100200000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18100000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
59000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1000000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1750000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4817300000 USD
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7567300000 USD
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
8000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
170800000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147000000.0 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
176200000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
152400000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
198000000.0 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
174200000 shares
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
134100000 USD
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-58200000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
192300000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-145600000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
18200000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-163800000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
230800000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
125600000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
105200000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1556100000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1556100000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
4000600000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
5888500000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149100000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160900000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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EquitySecuritiesFvNiGainLoss
200100000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
10300000 USD
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EquitySecuritiesFvNiRealizedGainLoss
12100000 USD
CY2019 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
50000000.0 USD
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EquitySecuritiesFvNiUnrealizedGainLoss
681800000 USD
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150100000 USD
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2 product
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490000000 USD
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455000000 USD
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24600000 USD
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12800000 USD
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981100000 USD
CY2019Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
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300000000 USD
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10000000000 USD
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27300000 USD
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676100000 USD
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106800000 USD
CY2021 us-gaap Income Taxes Paid
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CY2021 us-gaap Number Of Reportable Segments
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1 segment
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3791800000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3844800000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3674300000 USD
CY2021 dei Auditor Name
AuditorName
PricewaterhouseCoopers LLP
CY2021 dei Auditor Location
AuditorLocation
Boston, Massachusetts

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