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BIOGEN INC. [BIIB] reports $583.6 million quarterly net profit

BIOGEN INC. [BIIB] reports $583.6 million quarterly net profit

Company generates $2.5 billion in revenue

By USinMinutes
Published - Aug 01, 2024, 04:13 PM ET
Last Updated - Aug 16, 2024, 10:39 AM EDT

BIOGEN INC. BIOGEN INC. [BIIB] has reported $583.6 million quarterly profit, an increase of $651.9 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Biogen reported the quarterly diluted earnings per share (EPS) of $4.

Dollars in millions
Jun 30, 2024    Dec 31, 2023    Sep 30, 2023    Jun 30, 2023   

Income Statement

Revenue $2,464.9  $9,835.6  $2,530.3  $2,456.0 
Net Income $583.6  $1,161.5  -$68.3  $593.3 
Net Cash $894.7  -$2,404.5  -$1,118.6  -$817.4 
Gross Margin $1,918.9  $7,302.2  $1,870.7  $1,863.3 
Profit as % of Revenues328.80 74.24 73.93 75.87 
Profit as % of Assets3.99 4.52 -0.26 2.39 
Profit as % of Stockholder Equity3.67 7.85 -0.47 4.10 
Return on Equity3.67 7.85 -0.47 4.10 
Return on Assets2.18 4.33 -0.24 2.36 
Turnover Ratio16.84 0.38 0.10 0.10 

Balance Sheet

Total Assets $26,804.1  $26,844.8  $28,193.2  $25,156.8 
Total Liabilities $10,915.0  $12,045.4  $13,713.5  $10,696.3 

Cash Flow Statement

Operating Cash Flow $1,179.0  $1,547.2  $1,534.7  $942.3 
Investing Cash Flow $400.5  -$4,101.0  -$3,448.7  -$1,706.5 
Financing Cash Flow -$684.8  $149.3  $795.4  -$53.2 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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