Biogen Inc (BIIB) — Cash Flow Reinvestment Rate
Biogen Inc (BIIB) has a Cash Flow Reinvestment Rate of 2.32x as of December 2025, reinvesting $1.19 Billion (capex $43.90 Million plus investments $-1.14 Billion) from operating cash flow of $511.90 Million. Check earnings quality score of Biogen Inc to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Biogen Inc Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for Biogen Inc across 36 annual periods. Explore Biogen Inc strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Biogen Inc (1990–2025)
Year-by-year capital reinvestment analysis for Biogen Inc. For live market cap and broader valuation context, see BIIB stock market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.60x | $1.33 Billion | $2.20 Billion | $153.80 Million | ▲ +49.9% |
| 2024 | 0.40x | $1.16 Billion | $2.88 Billion | $359.80 Million | ▼ -85.9% |
| 2023 | 2.85x | $4.41 Billion | $1.55 Billion | $311.40 Million | ▲ +117.3% |
| 2022 | 1.31x | $1.82 Billion | $1.38 Billion | $240.30 Million | ▲ +690.0% |
| 2021 | 0.17x | $604.70 Million | $3.64 Billion | $294.90 Million | ▲ +20.8% |
| 2020 | 0.14x | $581.70 Million | $4.23 Billion | $551.80 Million | ▼ -44.3% |
| 2019 | 0.25x | $1.75 Billion | $7.08 Billion | $514.50 Million | ▲ +37.7% |
| 2018 | 0.18x | $1.11 Billion | $6.19 Billion | $770.60 Million | ▼ -24.3% |
| 2017 | 0.24x | $1.08 Billion | $4.55 Billion | $867.40 Million | ▼ -6.9% |
| 2016 | 0.25x | $1.15 Billion | $4.52 Billion | $616.10 Million | ▼ -72.6% |
| 2015 | 0.93x | $3.44 Billion | $3.72 Billion | $643.00 Million | ▲ +136.7% |
| 2014 | 0.39x | $1.15 Billion | $2.94 Billion | $287.80 Million | ▼ -83.1% |
| 2013 | 2.31x | $5.42 Billion | $2.35 Billion | $3.51 Billion | ▲ +393.1% |
| 2012 | 0.47x | $881.37 Million | $1.88 Billion | $254.55 Million | ▼ -50.8% |
| 2011 | 0.95x | $1.65 Billion | $1.73 Billion | $252.18 Million | ▲ +82.5% |
| 2010 | 0.52x | $848.86 Million | $1.62 Billion | $173.06 Million | ▲ +28.0% |
| 2009 | 0.41x | $438.84 Million | $1.07 Billion | $165.65 Million | ▲ +131.5% |
| 2008 | 0.18x | $275.95 Million | $1.56 Billion | $275.95 Million | ▼ -36.6% |
| 2007 | 0.28x | $284.11 Million | $1.02 Billion | $284.11 Million | ▲ +18.1% |
| 2006 | 0.24x | $198.31 Million | $841.27 Million | $198.31 Million | ▼ -34.1% |
| 2005 | 0.36x | $318.38 Million | $889.50 Million | $318.38 Million | ▼ -29.5% |
| 2004 | 0.51x | $369.76 Million | $727.99 Million | $369.76 Million | ▼ -63.0% |
| 2003 | 1.37x | $301.25 Million | $219.21 Million | $301.25 Million | ▲ +121.2% |
| 2002 | 0.62x | $165.90 Million | $267.08 Million | $165.90 Million | ▲ +0.5% |
| 2001 | 0.62x | $195.53 Million | $316.36 Million | $195.53 Million | ▲ +13.6% |
| 2000 | 0.54x | $199.12 Million | $365.94 Million | $199.12 Million | ▲ +71.6% |
| 1999 | 0.32x | $86.33 Million | $272.29 Million | $86.33 Million | ▲ +58.3% |
| 1998 | 0.20x | $33.61 Million | $167.84 Million | $33.61 Million | ▼ -45.0% |
| 1997 | 0.36x | $35.55 Million | $97.63 Million | $35.55 Million | ▼ -74.2% |
| 1996 | 1.41x | $65.64 Million | $46.54 Million | $65.64 Million | ▼ -73.5% |
| 1995 | 5.32x | $50.31 Million | $9.45 Million | $50.31 Million | ▲ +325.3% |
| 1994 | 1.25x | $43.67 Million | $34.89 Million | $43.67 Million | ▲ +451.7% |
| 1993 | 0.23x | $10.80 Million | $47.60 Million | $10.80 Million | ▲ +4.0% |
| 1992 | 0.22x | $9.40 Million | $43.10 Million | $9.40 Million | ▼ -84.7% |
| 1991 | 1.42x | $8.40 Million | $5.90 Million | $8.40 Million | ▲ +37.2% |
| 1990 | 1.04x | $11.10 Million | $10.70 Million | $11.10 Million | — |