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Biogen (BIIB) Cash Flow Waterfall

Trace Biogen's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$2.59B

Capex

$32.30M

Free Cash Flow

$2.62B

FCF Margin

+101.2%

Cash flow waterfall for Biogen (BIIB) — TTM through Q1 2026

Free cash flow: $2.62B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Biogen (BIIB) — TTM through Q1 2026

  • Operating Cash Flow$2.59B
  • Capital Expenditure$32.30M
  • Free Cash Flow$2.62B
  • Other Investing−$1.57B
  • Other Financing−$322.60M
  • Forex Effect$49.60M
  • Net Cash Increase$782.10M
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Data & methodology