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Biogen BIIB Operating Lease Liabilities

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Other financials

Income statement

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Revenue$2.7B+3.4%
Gross profit$2.0B-4.0%
Operating income$610.7M
Net income$97.5M-84.6%
EPS (diluted)$0.66-84.8%

Balance sheet

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Cash & equivalents$1.3B-53.4%
Total debt$7.6B+14.6%
Total equity$18.8B+6.9%
Total assets$32.1B+13.3%

Cash flow

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Operating cash flow$448.9M+179%
CapEx$40.9M+53.8%
Free cash flow$408.0M+204%

Valuation

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Market cap$30.48B+60.7%
Enterprise value$36.75B+61.2%
P/E34.5×+22.1×
P/S+1.1×

Profitability

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Gross margin74%-1.4pp
Operating margin22.9%
Net margin8.8%-6.5pp
FCF margin26.9%+7.1pp

Returns & leverage

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Return on equity4.8%-4.3pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.6×

Where this comes from

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Biogen’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 6:36 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000875045-26-000075
Line itemAs of June 30, 2026As of December 31, 2025
Total current liabilities3,917.13,349.4
Notes payable and term loan7,290.36,286.8
Deferred tax liability945.5507.6
Long-term operating lease liabilities264.8290.4
Other long-term liabilities820.9748.5
Total liabilities13,238.611,182.7
Commitments, contingencies and guarantees
Equity:

Item 1. Financial Statements (unaudited)

FAQ

What is Biogen's operating lease liabilities?
Biogen (BIIB) reported operating lease liabilities of $264.8M in Q2 2026.
How has Biogen's operating lease liabilities changed year-over-year?
Biogen's operating lease liabilities decreased by 14.8% year-over-year, from $310.9M to $264.8M.
What is the long-term trend for Biogen's operating lease liabilities?
Over 5 years (2020 to 2025), Biogen's operating lease liabilities has grown at a -6.3% compound annual growth rate (CAGR), from $402M to $290.4M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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