Biogen Inc. (BIIB) balance sheet
NASDAQ · Healthcare · Drug Manufacturers - General · 7,500 employees · CEO Christopher A. Viehbacher
- Price
- $253.62 +1.59%
- Market cap
- $37.5B
- Enterprise value
- $44B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-05 EPS est. $2.85
At the end of Q3 '26 Biogen Inc. (BIIB) held $1.3B in cash and short-term investments against $7.8B of debt incl. leases. Total assets $32.1B, total liabilities $13.1B, shareholders' equity $18.9B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.05B | $1.07B | $1.91B | $1.7B | $2.38B | $2.6B | $2.76B | $3.86B | $3.01B | $3.38B | $1.29B | $1.3B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97.6M | $807M | $900M | $0 | $0 | |
| Receivables | $2.1B | $2B | $2.08B | $1.99B | $1.87B | $2B | $2.08B | $1.85B | $1.87B | $1.79B | $1.89B | $1.88B | |
| Inventory | $2.53B | $2.52B | $2.51B | $2.47B | $2.46B | $2.27B | $2.27B | $2.21B | $2.17B | $1.95B | $2.38B | $2.22B | |
| Other current assets | $1.18B | $1.17B | $615M | $674M | $753M | $757M | $851M | $917M | $1.12B | $1.17B | $1.75B | $2.17B | |
| Current assets | $6.86B | $6.76B | $7.11B | $6.83B | $7.46B | $7.63B | $7.97B | $8.94B | $8.97B | $9.19B | $7.31B | $7.58B | |
| Property, plant & equipment (net) | $3.73B | $3.7B | $3.64B | $3.59B | $3.54B | $3.48B | $3.43B | $3.41B | $3.32B | $3.27B | $3.24B | $3.14B | |
| Long-term investments | $461M | $382M | $354M | $353M | $227M | $186M | $224M | $167M | $751M | $466M | $832M | $660M | |
| Goodwill | $6.22B | $6.23B | $6.23B | $6.49B | $6.48B | $6.48B | $6.49B | $6.49B | $6.49B | $6.49B | $6.99B | $6.99B | |
| Intangible assets | $8.36B | $8.28B | $8.23B | $9.81B | $9.69B | $9.58B | $9.47B | $9.33B | $9.18B | $9.05B | $13.5B | $13.4B | |
| Deferred tax assets | $929M | $898M | $915M | $969M | $324M | $308M | $331M | $312M | $293M | $238M | $202M | $294M | |
| Other non-current assets | $284M | $316M | $327M | $278M | $334M | $373M | $414M | $563M | $432M | $778M | $0 | $0 | |
| Non-current assets | $20B | $19.8B | $19.7B | $21.5B | $20.6B | $20.4B | $20.4B | $20.3B | $20.5B | $20.3B | $24.8B | $24.5B | |
| Total assets | $26.8B | $26.6B | $26.8B | $28.3B | $28B | $28B | $28.3B | $29.2B | $29.4B | $29.5B | $32.1B | $32.1B | |
| Liabilities | |||||||||||||
| Accounts payable | $403M | $387M | $355M | $423M | $424M | $392M | $408M | $413M | $432M | $359M | $404M | $430M | |
| Accrued expenses | $2.29B | $1.48B | $1.55B | $1.83B | $2.43B | $2.34B | $2.28B | $2.37B | $0 | $2.35B | $2.24B | $2.05B | |
| Short-term debt | $150M | $250M | $0 | $1.75B | $1.75B | $1.75B | $0 | $0 | $80.4M | $0 | $800M | $400M | |
| Taxes payable | $257M | $231M | $282M | $499M | $548M | $626M | $115M | $103M | $115M | $93.6M | $86.9M | $0 | |
| Other current liabilities | $335M | $879M | $918M | $926M | $376M | $192M | $385M | $400M | $2.72B | $193M | $391M | $1.01B | |
| Current liabilities | $3.43B | $3.22B | $3.11B | $5.43B | $5.53B | $5.3B | $3.18B | $3.29B | $3.35B | $3B | $3.92B | $3.9B | |
| Long-term debt | $6.79B | $6.29B | $6.29B | $4.55B | $4.55B | $4.55B | $6.28B | $6.29B | $6.58B | $6.29B | $7.29B | $7.29B | |
| Lease obligations (non-current) | $400M | $407M | $368M | $357M | $335M | $323M | $311M | $305M | $290M | $273M | $265M | $109M | |
| Deferred tax liabilities | $642M | $658M | $591M | $882M | $191M | $133M | $118M | $358M | $508M | $484M | $946M | $1.16B | |
| Other non-current liabilities | $781M | $777M | $557M | $744M | $732M | $752M | $800M | $762M | $458M | $787M | $821M | $668M | |
| Non-current liabilities | $8.61B | $8.13B | $7.81B | $6.53B | $5.8B | $5.76B | $7.51B | $7.71B | $7.83B | $7.83B | $9.32B | $9.23B | |
| Total liabilities | $12B | $11.4B | $10.9B | $12B | $11.3B | $11.1B | $10.7B | $11B | $11.2B | $10.8B | $13.2B | $13.1B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | |
| Retained earnings | $17.6B | $18B | $18.6B | $19B | $19.3B | $19.5B | $20.1B | $20.6B | $20.6B | $20.9B | $21B | $20.9B | |
| Accumulated other comprehensive income | -$154M | -$161M | -$146M | -$146M | -$136M | -$175M | -$238M | -$215M | -$182M | -$140M | -$128M | -$120M | |
| Shareholders' equity | $14.8B | $15.2B | $15.9B | $16.4B | $16.7B | $17B | $17.6B | $18.2B | $18.3B | $18.7B | $18.8B | $18.9B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $7.34B | $6.95B | $6.66B | $6.65B | $6.63B | $6.62B | $6.59B | $6.59B | $6.95B | $6.56B | $8.36B | $7.8B | |
| Net debt (debt - cash) | $6.29B | $5.87B | $4.75B | $4.95B | $4.26B | $4.02B | $3.84B | $2.73B | $3.94B | $3.18B | $7.07B | $6.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.33B | $1.57B | $1.22B | $2.91B | $1.33B | $2.26B | $3.42B | $1.05B | $2.38B | $3.01B | |
| Short-term investments | $2.57B | $2.12B | $2.31B | $1.56B | $1.28B | $1.54B | $1.47B | $0 | $0 | $807M | |
| Receivables | $1.74B | $2.32B | $2.49B | $2.47B | $2.33B | $1.96B | $2.14B | $2.1B | $1.87B | $1.87B | |
| Inventory | $1B | $903M | $930M | $804M | $1.07B | $1.35B | $1.34B | $2.53B | $2.46B | $2.17B | |
| Other current assets | $276M | $304M | $688M | $631M | $881M | $741M | $1.42B | $1.18B | $753M | $1.12B | |
| Current assets | $8.73B | $7.87B | $7.64B | $8.38B | $6.89B | $7.86B | $9.79B | $6.86B | $7.46B | $8.97B | |
| Property, plant & equipment (net) | $2.5B | $3.18B | $3.6B | $3.67B | $3.84B | $3.79B | $3.7B | $3.73B | $3.54B | $3.32B | |
| Long-term investments | $2.83B | $3.06B | $1.38B | $1.41B | $772M | $892M | $706M | $461M | $227M | $751M | |
| Goodwill | $3.67B | $4.63B | $5.71B | $5.76B | $5.76B | $5.76B | $5.75B | $6.22B | $6.48B | $6.49B | |
| Intangible assets | $3.81B | $3.88B | $3.12B | $3.53B | $3.08B | $2.22B | $1.85B | $8.36B | $9.69B | $9.18B | |
| Deferred tax assets | $0 | $596M | $2.15B | $3.23B | $1.37B | $1.42B | $1.23B | $929M | $324M | $293M | |
| Other non-current assets | $1.34B | $432M | $1.69B | $1.25B | $2.9B | $1.94B | $1.53B | $284M | $334M | $432M | |
| Non-current assets | $14.1B | $15.8B | $17.6B | $18.9B | $17.7B | $16B | $14.8B | $20B | $20.6B | $20.5B | |
| Total assets | $22.9B | $23.7B | $25.3B | $27.2B | $24.6B | $23.9B | $24.6B | $26.8B | $28B | $29.4B | |
| Liabilities | |||||||||||
| Accounts payable | $280M | $396M | $371M | $531M | $455M | $589M | $492M | $403M | $424M | $432M | |
| Accrued expenses | $2.62B | $2.6B | $2.54B | $2.45B | $2.63B | $2.19B | $1.38B | $2.29B | $2.43B | $0 | |
| Short-term debt | $4.7M | $3.2M | $0 | $1.5B | $0 | $999M | $0 | $150M | $1.75B | $80.4M | |
| Taxes payable | $232M | $68.2M | $63.5M | $71.4M | $142M | $175M | $260M | $257M | $548M | $115M | |
| Other current liabilities | $283M | $298M | $321M | $316M | $515M | $345M | $1.14B | $335M | $376M | $2.72B | |
| Current liabilities | $3.42B | $3.37B | $3.3B | $4.86B | $3.74B | $4.3B | $3.27B | $3.43B | $5.53B | $3.35B | |
| Long-term debt | $6.51B | $5.94B | $5.94B | $4.46B | $7.43B | $6.27B | $6.28B | $6.79B | $4.55B | $6.58B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $413M | $402M | $330M | $333M | $400M | $335M | $290M | |
| Deferred tax liabilities | $93.1M | $123M | $1.64B | $2.81B | $1.03B | $695M | $335M | $642M | $191M | $508M | |
| Other non-current liabilities | $723M | $1.63B | $1.39B | $1.35B | $1.33B | $1.32B | $944M | $781M | $732M | $458M | |
| Non-current liabilities | $7.33B | $7.69B | $8.96B | $9.03B | $10.2B | $8.62B | $7.89B | $8.61B | $5.8B | $7.83B | |
| Total liabilities | $10.7B | $11.1B | $12.3B | $13.9B | $13.9B | $12.9B | $11.2B | $12B | $11.3B | $11.2B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | |
| Retained earnings | $15.1B | $15.8B | $16.3B | $16.5B | $14B | $13.9B | $16.5B | $17.6B | $19.3B | $20.6B | |
| Accumulated other comprehensive income | -$320M | -$318M | -$240M | -$135M | -$299M | -$107M | -$165M | -$154M | -$136M | -$182M | |
| Shareholders' equity | $12.1B | $12.6B | $13B | $13.3B | $10.7B | $10.9B | $13.4B | $14.8B | $16.7B | $18.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $6.52B | $5.94B | $5.94B | $6.37B | $7.83B | $7.6B | $6.61B | $7.34B | $6.63B | $6.95B | |
| Net debt (debt - cash) | $4.19B | $4.36B | $4.71B | $3.45B | $6.5B | $5.34B | $3.19B | $6.29B | $4.26B | $3.94B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02