FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

BIIB
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 11% to $2.7B.

CASH FROM OPS +11.1%
2,879 28.7% MGN
CAPITAL EXPENDITURE +8.5%
182
FREE CASH FLOW +11.3%
2,697
FCF / NET INCOME +82.9%
3.23× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
1,615 1,632 1,479 1,530 1,608 1,293 1,372 835 -39.2% -45.5% 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
629 673 709 744 764 780 801 843 +5.2% +13.2% 843
Stock-based comp
271 291 299 304 306 291 294 296 +0.9% -2.4% 296
Cash from operations
2,127 2,876 2,582 2,117 2,454 2,205 2,591 2,879 +11.1% +36.0% 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
1.32× 1.76× 1.75× 1.38× 1.53× 1.71× 1.89× 3.45× +82.7% +149.4% 3.45×
Capital expenditures
(180) (154) (145) (138) (149) (154) (168) (182) +8.5% +32.0% (182)
Free cash flow
1,948 2,722 2,437 1,979 2,304 2,051 2,423 2,697 +11.3% +36.3% 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
20.3% 28.1% 24.8% 19.8% 22.9% 20.7% 24.4% 26.9% +10.3% +35.9% 26.9%
Cash from investing
-1,433 -799 -780 -1,304 -158 -1,371 -1,533 -5,316 — — -5,316
Debt repayment
NOT DISCLOSED
1,300 650 250 1,750 1,750 1,750 — — — — —
Cash from financing
-1,338 -684 -267 -33 -157 -302 -323 985 — — 985
Net change in cash
-643 1,393 1,534 779 2,139 532 735 -1,452 — — -1,452
Ending cash balance
1,699 2,375 2,598 2,759 3,863 3,008 3,383 1,285 -62.0% -53.4% 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
FROM2,423 CASH FROM OPERATIONS+288 CAPITAL EXPENDITURES-14 TO2,697
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-29 ↗