Biogen Inc. (BIIB) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 9.19B | 8.97B | 8.94B | 7.97B | 7.63B | 7.46B | 6.83B | 7.11B | 6.76B | 6.86B | 8.45B | 10.43B | 9.76B | 9.79B | 9.77B | 9.74B | 7.92B | 7.86B | 7.16B | 7.18B |
| Cash & Short-Term Investments | 4.28B | 3.82B | 3.96B | 2.76B | 2.6B | 2.38B | 1.7B | 1.91B | 1.07B | 1.05B | 2.29B | 6.08B | 5.04B | 4.89B | 4.91B | 4.8B | 3.75B | 3.8B | 2.96B | 3.05B |
| Cash Only | 3.38B | 3.01B | 3.86B | 2.76B | 2.6B | 2.38B | 1.7B | 1.91B | 1.07B | 1.05B | 2.29B | 2.62B | 2.9B | 3.42B | 3.68B | 2.65B | 1.75B | 2.26B | 1.54B | 1.74B |
| Short-Term Investments | 900M | 807.2M | 97.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.46B | 2.14B | 1.47B | 1.24B | 2.15B | 2B | 1.54B | 1.41B | 1.31B |
| Accounts Receivable | 1.79B | 1.87B | 1.85B | 2.08B | 2B | 1.87B | 1.99B | 2.08B | 2B | 2.1B | 2.21B | 2.12B | 2.03B | 2.14B | 1.98B | 2B | 2.02B | 1.96B | 2.12B | 2.11B |
| Days Sales Outstanding | 66.42 | 75.02 | 73.72 | 70.18 | 71.55 | 72.28 | 75.86 | 75.27 | 81.44 | 83.08 | 78.79 | 76.92 | 76.09 | 74.51 | 73.13 | 70.73 | 70.8 | 68.73 | 70.07 | 71.07 |
| Inventory | 1.95B | 2.17B | 2.21B | 2.27B | 2.27B | 2.46B | 2.47B | 2.51B | 2.52B | 2.53B | 2.98B | 1.33B | 1.28B | 1.34B | 1.38B | 1.29B | 1.22B | 1.35B | 1.35B | 1.25B |
| Days Inventory Outstanding | 280.29 | 405.73 | 235.28 | 218.71 | 368.66 | 388.63 | 358.33 | 239.11 | 460.77 | 409.92 | 300.99 | 200.71 | 178.25 | 219.11 | 261.52 | 235.92 | 153.22 | 188.11 | 233.93 | 240.18 |
| Other Current Assets | 1.17B | 1.12B | 916.8M | 850.6M | 757.3M | 752.5M | 674M | 615.3M | 1.17B | 1.18B | 974.1M | 895.9M | 1.41B | 1.42B | 1.5B | 1.65B | 927.4M | 740.8M | 736.3M | 767.9M |
| Total Non-Current Assets | 20.29B | 20.47B | 20.27B | 20.36B | 20.41B | 20.59B | 21.48B | 19.7B | 19.81B | 19.99B | 19.74B | 14.73B | 14.84B | 14.76B | 15.09B | 15.34B | 15.7B | 16.02B | 16.64B | 17.29B |
| Property, Plant & Equipment | 3.27B | 3.32B | 3.41B | 3.43B | 3.48B | 3.54B | 3.59B | 3.64B | 3.7B | 3.73B | 3.76B | 3.67B | 3.7B | 3.7B | 3.69B | 3.68B | 3.73B | 3.79B | 3.8B | 3.84B |
| Fixed Asset Turnover | 0.75x | 0.68x | 0.72x | 0.77x | 0.69x | 0.69x | 0.68x | 0.67x | 0.62x | 0.64x | 0.68x | 0.67x | 0.67x | 0.69x | 0.68x | 0.70x | 0.67x | 0.72x | 0.73x | 0.72x |
| Goodwill | 6.49B | 6.49B | 6.49B | 6.49B | 6.48B | 6.48B | 6.49B | 6.23B | 6.23B | 6.22B | 6.81B | 5.75B | 5.75B | 5.75B | 5.74B | 5.75B | 5.76B | 5.76B | 5.76B | 5.76B |
| Intangible Assets | 9.05B | 9.18B | 9.33B | 9.47B | 9.58B | 9.69B | 9.81B | 8.23B | 8.28B | 8.36B | 7.34B | 1.78B | 1.81B | 1.85B | 2.01B | 2.08B | 2.15B | 2.22B | 2.29B | 2.38B |
| Long-Term Investments | 465.6M | 750.6M | 729.7M | 224M | 186M | 226.7M | 353.3M | 354.1M | 382M | 460.7M | 100K | 1.21B | 978.2M | 705.7M | 860.3M | 1.1B | 1B | 892M | 968.3M | 915.1M |
| Other Non-Current Assets | 777.5M | 431.9M | 0 | 413.7M | 373.1M | 333.8M | 278.1M | 327.4M | 315.6M | 284.3M | 754.6M | 1.1B | 1.38B | 1.53B | 1.61B | 1.5B | 1.77B | 1.94B | 2.02B | 2.53B |
| Total Assets | 29.48B | 29.44B | 29.21B | 28.33B | 28.03B | 28.05B | 28.31B | 26.8B | 26.57B | 26.84B | 28.19B | 25.16B | 24.6B | 24.55B | 24.85B | 25.08B | 23.61B | 23.88B | 23.81B | 24.47B |
| Asset Turnover | 0.08x | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.10x | 0.10x | 0.10x | 0.11x | 0.11x | 0.11x | 0.12x | 0.11x |
| Asset Growth % | 5.17% | 4.96% | 3.16% | 5.69% | 5.52% | 4.49% | 0.43% | 6.55% | 8.01% | 9.33% | 13.43% | 0.3% | 4.17% | 2.83% | 4.4% | 2.5% | -1.01% | -3.01% | -4.52% | -4.08% |
| Total Current Liabilities | 3B | 3.35B | 3.29B | 3.18B | 5.3B | 5.53B | 5.42B | 3.11B | 3.22B | 3.43B | 5.02B | 3.19B | 3.01B | 3.27B | 3.93B | 5.02B | 3.95B | 4.3B | 4.21B | 3.35B |
| Accounts Payable | 358.5M | 432M | 413.1M | 408.4M | 391.5M | 424.2M | 422.7M | 354.5M | 387M | 403.3M | 440.1M | 445.4M | 491.2M | 491.5M | 383.2M | 434.8M | 398.7M | 589.2M | 427.9M | 375.3M |
| Days Payables Outstanding | 53.82 | 78.33 | 43.11 | 38.46 | 63.52 | 66.77 | 55.97 | 35.3 | 72.19 | 62.75 | 61.75 | 71.9 | 66.72 | 70.48 | 80.14 | 78.36 | 58.97 | 70.88 | 72.19 | 79.75 |
| Short-Term Debt | 0 | 80.4M | 0 | 0 | 1.75B | 1.75B | 1.75B | 0 | 250M | 150M | 500M | 0 | 0 | 0 | 0 | 999.8M | 999.5M | 999.1M | 998.8M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 192.5M | 2.72B | 2.77B | 384.6M | 192.3M | 375.8M | 926.1M | 917.8M | 878.9M | 335.1M | 276.7M | 253.3M | 187.2M | 1.14B | 313.5M | 281.5M | 206.6M | 345.1M | 326.9M | 314.9M |
| Current Ratio | 3.06x | 2.68x | 2.72x | 2.50x | 1.44x | 1.35x | 1.26x | 2.29x | 2.10x | 2.00x | 1.68x | 3.27x | 3.24x | 2.99x | 2.49x | 1.94x | 2.01x | 1.83x | 1.70x | 2.15x |
| Quick Ratio | 2.41x | 2.03x | 2.04x | 1.79x | 1.01x | 0.90x | 0.80x | 1.48x | 1.32x | 1.26x | 1.09x | 2.86x | 2.81x | 2.58x | 2.14x | 1.68x | 1.70x | 1.51x | 1.38x | 1.77x |
| Cash Conversion Cycle | 292.89 | 402.42 | 265.89 | 250.43 | 376.69 | 394.14 | 378.21 | 279.09 | 470.02 | 430.25 | 318.02 | 205.73 | 187.62 | 223.14 | 254.5 | 228.3 | 165.05 | 185.96 | 231.81 | 231.5 |
| Total Non-Current Liabilities | 7.83B | 7.83B | 7.71B | 7.51B | 5.76B | 5.8B | 6.53B | 7.81B | 8.13B | 8.61B | 8.69B | 7.51B | 7.8B | 7.89B | 8.16B | 8.2B | 8.45B | 8.62B | 8.71B | 9.91B |
| Long-Term Debt | 6.29B | 6.58B | 6.29B | 6.28B | 4.55B | 4.55B | 4.55B | 6.29B | 6.29B | 6.79B | 6.79B | 6.28B | 6.28B | 6.28B | 6.28B | 6.28B | 6.28B | 6.27B | 6.27B | 7.27B |
| Capital Lease Obligations | 273.4M | 290.4M | 305M | 310.9M | 323.4M | 334.5M | 357M | 367.5M | 406.5M | 400M | 428.8M | 304.4M | 327M | 333M | 354.8M | 274.2M | 312.3M | 330.4M | 348.2M | 363.9M |
| Deferred Tax Liabilities | 483.5M | 507.6M | 358.1M | 118.3M | 133.2M | 190.5M | 882.4M | 590.6M | 658.1M | 641.8M | 728.1M | 143.9M | 251.3M | 334.7M | 328.9M | 480.6M | 571.2M | 694.5M | 774.7M | 918.9M |
| Other Non-Current Liabilities | 787.1M | 458.1M | 761.8M | 799.6M | 751.7M | 732.3M | 744.1M | 556.7M | 777.1M | 781.1M | 747.9M | 776.9M | 935.5M | 944.2M | 1.2B | 1.17B | 1.29B | 1.32B | 1.32B | 1.36B |
| Total Liabilities | 10.83B | 11.18B | 11B | 10.7B | 11.05B | 11.33B | 11.95B | 10.91B | 11.35B | 12.05B | 13.71B | 10.7B | 10.81B | 11.17B | 12.09B | 13.22B | 12.39B | 12.92B | 12.93B | 13.26B |
| Total Debt | 6.56B | 6.95B | 6.59B | 6.59B | 6.62B | 6.63B | 6.65B | 6.66B | 6.95B | 7.34B | 7.72B | 6.59B | 6.61B | 6.61B | 6.63B | 7.55B | 7.59B | 7.6B | 7.62B | 7.63B |
| Net Debt | 3.18B | 3.94B | 2.73B | 3.84B | 4.02B | 4.26B | 4.95B | 4.75B | 5.87B | 6.29B | 5.43B | 3.97B | 3.71B | 3.19B | 2.96B | 4.9B | 5.84B | 5.34B | 6.08B | 5.89B |
| Debt / Equity | 0.35x | 0.38x | 0.36x | 0.37x | 0.39x | 0.40x | 0.41x | 0.42x | 0.46x | 0.50x | 0.53x | 0.46x | 0.48x | 0.49x | 0.52x | 0.64x | 0.68x | 0.69x | 0.70x | 0.68x |
| Debt / EBITDA | 12.29x | 23.26x | 8.08x | 8.43x | 7.23x | 9.57x | 8.75x | 12.68x | 8.29x | 11.25x | 17.31x | 8.16x | 9.63x | 9.75x | 6.70x | 7.05x | 11.37x | 11.85x | 8.17x | 12.98x |
| Net Debt / EBITDA | 5.95x | 13.19x | 3.34x | 4.90x | 4.39x | 6.14x | 6.52x | 9.04x | 7.01x | 9.64x | 12.17x | 4.92x | 5.40x | 4.71x | 2.99x | 4.58x | 8.75x | 8.33x | 6.52x | 10.02x |
| Interest Coverage | 6.17x | -0.84x | 9.27x | 12.61x | 11.37x | 8.46x | 8.89x | 13.21x | 9.14x | 6.45x | 4.24x | 12.90x | 8.28x | 11.77x | 13.77x | 13.78x | 9.71x | 8.72x | 12.40x | 8.94x |
| Total Equity | 18.65B | 18.26B | 18.21B | 17.63B | 16.98B | 16.72B | 16.36B | 15.89B | 15.21B | 14.8B | 14.48B | 14.46B | 13.79B | 13.39B | 12.77B | 11.86B | 11.22B | 10.96B | 10.88B | 11.21B |
| Equity Growth % | 9.85% | 9.22% | 11.3% | 10.98% | 11.61% | 12.95% | 12.98% | 9.88% | 10.34% | 10.54% | 13.42% | 21.89% | 22.87% | 22.16% | 17.32% | 5.78% | 5.23% | 2.56% | 1.28% | -0.66% |
| Book Value per Share | 125.69 | 124.45 | 123.78 | 120.86 | 116.37 | 114.41 | 112.12 | 108.90 | 104.27 | 101.57 | 100.00 | 99.38 | 94.95 | 92.21 | 88.17 | 81.15 | 76.02 | 74.30 | 73.23 | 74.72 |
| Total Shareholders' Equity | 18.65B | 18.26B | 18.21B | 17.63B | 16.98B | 16.72B | 16.36B | 15.89B | 15.21B | 14.8B | 14.48B | 14.47B | 13.8B | 13.4B | 12.78B | 11.87B | 11.24B | 10.9B | 10.43B | 10.75B |
| Common Stock | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K |
| Retained Earnings | 20.87B | 20.55B | 20.6B | 20.14B | 19.5B | 19.26B | 18.99B | 18.6B | 18.02B | 17.63B | 17.38B | 17.45B | 16.85B | 16.47B | 15.92B | 14.96B | 14.22B | 13.91B | 13.54B | 13.9B |
| Treasury Stock | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B | -2.98B |
| Accumulated OCI | -140.2M | -182M | -214.8M | -238.1M | -174.5M | -136.2M | -145.7M | -146M | -160.5M | -153.7M | -159.3M | -172.8M | -172M | -164.9M | -163.6M | -110.4M | -115.2M | -106.7M | -136.6M | -171.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.1M | -6.4M | -9.6M | -9.5M | -8.7M | -9.1M | -21.6M | 63.5M | 451.8M | 462.9M |