Biogen Inc. (BIIB)
NASDAQ: BIIB · Real-Time Price · USD
207.94
+1.66 (0.80%)
Aug 7, 2026, 4:00 PM EDT - Market closed
Biogen Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 834.6 | 1,293 | 1,632 | 1,162 | 2,962 | 1,728 |
Depreciation & Amortization | 842.9 | 779.9 | 673.2 | 494.8 | 518.4 | 487.7 |
Stock-Based Compensation | 296.3 | 290.8 | 291.2 | 264.2 | 254.1 | 238.6 |
Other Adjustments | 1,053 | 898.6 | 434.1 | 275.4 | -1,460 | 1,332 |
Change in Receivables | 54.2 | 42.1 | 194.2 | 56.7 | -222.4 | 326 |
Changes in Inventories | 155.1 | -64.7 | -273.8 | -130.9 | -320.2 | -462.4 |
Changes in Accrued Expenses | 196.9 | 171.1 | 24.6 | -201.6 | -113.4 | -95.4 |
Changes in Income Taxes Payable | -391.2 | -958.1 | 78.5 | -299 | -142.3 | 230.8 |
Changes in Other Operating Activities | -315.5 | -248 | -178.7 | -73.9 | -92 | -144.5 |
Operating Cash Flow | 2,879 | 2,205 | 2,876 | 1,547 | 1,384 | 3,640 |
Operating Cash Flow Growth | 36.00% | -23.33% | 85.85% | 11.77% | -61.97% | -13.95% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -182.2 | -153.8 | -153.7 | -277 | -240.3 | -258.1 |
Sale of Property, Plant & Equipment | - | - | - | - | 582.6 | 93.5 |
Purchases of Intangible Assets | -206.6 | -81.6 | -206.1 | -34.4 | -2.9 | -36.8 |
Proceeds from Sale of Intangible Assets | - | - | 88.6 | - | - | - |
Purchases of Investments | -2,155 | -1,258 | - | -5,141 | -3,449 | -3,809 |
Proceeds from Sale of Investments | 2,221 | 79.7 | 551.5 | 8,289 | 4,661 | 3,405 |
Cash Acquisitions | - | - | -1,075 | -6,926 | - | - |
Proceeds from Business Divestments | - | - | 406.8 | 788.1 | 990.3 | 28.1 |
Other Investing Activities | -112.3 | -7.1 | 83.9 | -11.3 | 24.4 | -5.1 |
Investing Cash Flow | -5,316 | -1,371 | -799.2 | -4,101 | 1,577 | -563.7 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | -0.3 | 1,733 | - | 997.2 | - | - |
Long-Term Debt Repaid | - | -1,750 | -650 | -809.9 | -1,002 | -170 |
Net Long-Term Debt Issued (Repaid) | -0.3 | -16.9 | -650 | 187.3 | -1,002 | -170 |
Repurchase of Common Stock | - | - | - | - | -750 | -1,800 |
Net Common Stock Issued (Repurchased) | - | - | - | - | -750 | -1,800 |
Other Financing Activities | -38 | -285 | -33.5 | -38 | 4.9 | -116.2 |
Financing Cash Flow | 985 | -301.9 | -683.5 | 149.3 | -1,747 | -2,086 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -22.1 | 101.9 | -67.7 | 35.1 | -55.7 | -59.8 |
Net Cash Flow | -1,452 | 531.6 | 1,393 | -2,405 | 1,214 | 990 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,697 | 2,051 | 2,722 | 1,270 | 1,144 | 3,382 |
Free Cash Flow Growth | 36.28% | -24.65% | 114.28% | 11.03% | -66.17% | -11.12% |
FCF Margin | 26.89% | 20.73% | 28.13% | 12.91% | 11.24% | 30.79% |
Free Cash Flow Per Share | 18.25 | 13.94 | 18.66 | 8.72 | 7.84 | 22.61 |
Levered Free Cash Flow | 1,140 | 802.4 | 1,152 | 860.8 | 1,570 | 1,316 |
Unlevered Free Cash Flow | 1,399 | 1,101 | 2,120 | 956.48 | 2,308 | 2,464 |