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BIOGEN INC. [BIIB] reports $388.5 million quarterly net profit

BIOGEN INC. [BIIB] reports $388.5 million quarterly net profit

Company generates $2.5 billion in revenue

By USinMinutes
Published - Oct 30, 2024, 08:53 PM ET
Last Updated - Nov 04, 2024, 01:42 AM EST

BIOGEN INC. BIOGEN INC. [BIIB] has reported $388.5 million quarterly profit, an decrease of $195.1 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

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

Income Statement

Revenue $2,465.8  $2,464.9  $9,835.6  $2,530.3 
Net Income $388.5  $583.6  $1,161.5  -$68.3 
Net Cash $642.6  $894.7  -$2,404.5  -$1,118.6 
Gross Margin $2,465.8  $1,918.9  $7,302.2  $1,870.7 
Profit as % of Revenues634.70 328.80 74.24 73.93 
Profit as % of Assets2.52 3.99 4.52 -0.26 
Profit as % of Stockholder Equity  3.67 7.85 -0.47 
Return on Equity  3.67 7.85 -0.47 
Return on Assets1.37 2.18 4.33 -0.24 
Turnover Ratio16.02 16.84 0.38 0.10 
EBITA$130.3 $86.9     

Balance Sheet

Total Assets $28,313.2  $26,804.1  $26,844.8  $28,193.2 
Total Liabilities $11,954.3  $10,915.0  $12,045.4  $13,713.5 

Cash Flow Statement

Operating Cash Flow $2,114.6  $1,179.0  $1,547.2  $1,534.7 
Investing Cash Flow -$780.6  $400.5  -$4,101.0  -$3,448.7 
Financing Cash Flow -$691.4  -$684.8  $149.3  $795.4 
Read the full filing
 
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