FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

BIIB
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 25% to $2.1B, and covered net income 1.59×.

CASH FROM OPS -23.3%
2,205 22.3% MGN
CAPITAL EXPENDITURE +0.1%
154
FREE CASH FLOW -24.7%
2,051
FCF / NET INCOME -4.9%
1.59× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
4,431 5,888 4,001 1,556 3,047 1,161 1,632 1,293 -20.8% 835 2024-09-30 · $388.5M2024-12-31 · $266.7M2025-03-31 · $240.5M2025-06-30 · $634.8M2025-09-30 · $466.5M2025-12-31 · -$48.9M2026-03-31 · $319.5M2026-06-30 · $97.5M
Depreciation & amortization
650 465 457 488 518 495 673 780 +15.8% 843
Stock-based comp
158 182 198 239 254 264 291 291 -0.1% 296
Cash from operations
6,188 7,079 4,230 3,640 1,384 1,547 2,876 2,205 -23.3% 2,879 2024-09-30 · $935.6M2024-12-31 · $760.9M2025-03-31 · $259.3M2025-06-30 · $160.9M2025-09-30 · $1.3B2025-12-31 · $511.9M2026-03-31 · $645.5M2026-06-30 · $448.9M
Cash conversion
1.40× 1.20× 1.06× 2.34× 0.45× 1.33× 1.76× 1.71× -3.2% 3.45×
Capital expenditures
(771) (514) (425) (258) (240) (277) (154) (154) +0.1% (182)
Free cash flow
5,417 6,564 3,805 3,382 1,144 1,270 2,722 2,051 -24.7% 2,697 2024-09-30 · $900.6M2024-12-31 · $721.6M2025-03-31 · $222.2M2025-06-30 · $134.3M2025-09-30 · $1.2B2025-12-31 · $468.0M2026-03-31 · $594.3M2026-06-30 · $408.0M
FCF margin
40.3% 45.7% 28.3% 30.8% 11.2% 12.9% 28.1% 20.7% -26.3% 26.9%
Cash from investing
-2,046 470 -609 -564 1,577 -4,101 -799 -1,371 — -5,316
Share repurchases
NOT DISCLOSED
4,353 5,868 6,679 1,800 750 0 0 — — —
Debt repayment
3 0 1,500 0 0 810 650 1,750 +169.2% —
Cash from financing
-4,472 -5,860 -5,273 -2,086 -1,747 149 -684 -302 — 985
Net change in cash
-331 1,689 -1,652 990 1,214 -2,404 1,393 532 -61.8% -1,452
Ending cash balance
1,225 2,914 1,331 2,261 3,419 1,050 2,375 3,008 +26.7% 1,285

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,722 CASH FROM OPERATIONS-671 CAPITAL EXPENDITURES+0 TO2,051
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-29 ↗