Biogen Inc (BIIB) — Cash Flow Reinvestment Rate
Biogen Inc (BIIB) has a Cash Flow Reinvestment Rate of 3.14x as of June 2026, reinvesting $1.41 Billion (capex $40.90 Million plus investments $1.37 Billion) from operating cash flow of $448.90 Million. See free cash flow generation of Biogen Inc to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Biogen Inc operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for Biogen Inc (1990–2025)
Year-by-year capital reinvestment analysis for Biogen Inc. See Biogen Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| 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 | — |