A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S	T	U	V	W	X	Y	Z	AA	AB	AC	AD	AE	AF	AG	AH	AI	AJ	AK	AL	AM	AN	AO	AP	AQ	AR	AS	AT	AU	AV	AW	AX	AY	AZ	BA	BB	BC	BD	BE	BF	BG	BH	BI	BJ	BK	BL	BM	BN	BO	BP	BQ	BR	BS	BT	BU	BV	BW	BX	BY
1	Main
2			Q120	Q220	Q320	Q420	Q121	Q221	Q321	Q421	Q122	Q222	Q322	Q422	Q123	Q223	Q323	Q423		2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	2051	2052	2053	2054	2055	2056	2057	2058	2059	2060	2061	2062	2063	2064	2065	2066	2067
3		Tecfidera			953.1	607.9	479.3	487.6	498.6	486.5	409.9	397.9	339	297.1	274.5	278.53	237.29999999999998	207.97											4432.7	3841.1	1952	1443.9	1155.1200000000001	924.0960000000001	739.2768000000001	591.4214400000001	473.13715200000007	378.5097216000001	302.8077772800001	242.2462218240001	193.7969774592001	155.0375819673601	124.03006557388808	99.22405245911047	79.37924196728838	63.50339357383071	50.802714859064565	40.642171887251656	32.513737509801324	26.01099000784106
4		Vumerity			14.4	38.9	73.6	90.9	120.9	124.9	128	136.8	137.8	150.8	108.2	95.76	96.46000000000001	105.56											5.5	64.3	410.29999999999995	553.4000000000001	608.7400000000001	669.6140000000001	736.5754000000002	758.6726620000002	781.4328418600002	804.8758271158002	829.0221019292743	853.8927649871525	426.94638249357627	341.55710599486105	273.24568479588885	218.5965478367111	174.8772382693689	139.90179061549512	111.9214324923961	89.53714599391688	71.6297167951335	57.30377343610681
5		Avonex			380.5	356.4	311.1	310.9	301.3	285.4	229.6	258.7	255.1	230.1	172.4	206.96	204.08	184.08											1665.8999999999999	1491.9	1208.6999999999998	973.5	876.15	788.535	709.6815	638.71335	574.8420150000001	517.3578135	465.62203215000005	419.05982893500004	377.15384604150006	339.43846143735004	305.494615293615	274.9451537642535	247.45063838782818	222.70557454904537	200.43501709414085	180.39151538472677	162.3523638462541	146.11712746162868
6		Plegridy			93.6	99.6	89.4	89.5	86.2	92.3	80	91.5	80.9	79.5	73.2	82.35000000000001	72.81	71.55											435.9	385.6	357.40000000000003	331.9	315.30499999999995	299.5397499999999	284.5627624999999	270.3346243749999	256.8178931562499	243.9769984984374	231.77814857351552	220.18924114483974	209.17977908759775	198.72079013321786	188.78475062655696	179.3455130952291	170.37823744046764	161.85932556844426	153.76635929002205	146.07804132552096	138.7741392592449	131.83543229628265
7		Tysabri			516.5	475.2	503.3	524.2	522.8	512.7	520.8	516.2	505.5	488.4	472.8	464.58000000000004	454.95	439.56											1892.2	1946.1	2063	2030.9	2051.2090000000003	2071.7210900000005	1760.9629265000003	1496.8184875250001	1272.29571439625	1081.4513572368126	919.2336536512906	781.348605603597	664.1463147630574	564.5243675485988	479.84571241630897	407.8688555538626	346.6885272207832	294.6852481376657	250.48246091701586	212.91009177946347	180.97357801254395	153.82754131066235
8		Fampyra			26.8	25.1	26.6	26.1	26.2	26.7	26.2	25.5	22	22.9	24.1	24.1	24.1	24.1											97.1	103.1	105.60000000000001	96.6	86.94	78.246	70.42139999999999	63.379259999999995	57.041334	51.3372006	46.20348054	41.583132486000004	37.4248192374	33.68233731366	30.314103582294	27.282693224064598	24.55442390165814	22.098981511492326	19.889083360343093	17.900175024308783	16.110157521877905	14.499141769690116
9		Spinraza			494.4	498	520.5	499.7	444.1	440.7	472.5	431	431.1	458.8	443.3	431	431.1	458.8											2097	2052.1	1905.0000000000002	1793.3999999999999	1614.06	1452.654	1307.3886	1176.64974	1058.984766	953.0862894	857.7776604600001	771.9998944140001	694.7999049726001	625.31991447534	562.7879230278061	506.5091307250255	455.85821765252297	410.2723958872707	369.24515629854363	332.3206406686893	299.08857660182036	269.1797189416383
10		Benepali			124.2	117.6	121.7	121.5	120.8	134.4	114.7	115.8	110.2	100.3	109	104.22	99.18	90.27											486.2	481.6	498.4	441	396.90000000000003	357.21000000000004	321.48900000000003	289.34010000000006	260.40609000000006	234.36548100000007	210.92893290000006	189.83603961000006	170.85243564900006	153.76719208410006	138.39047287569005	124.55142558812105	112.09628302930895	100.88665472637805	90.79798925374025	81.71819032836623	73.54637129552961	66.19173416597665
11		Imraldi			56.2	53.7	57.9	55.6	57.4	62.5	57.1	57.6	57.7	52.1	54.4	51.84	51.93000000000001	46.89											184	216.3	233.4	224.5	202.05	181.84500000000003	163.66050000000004	147.29445000000004	132.56500500000004	119.30850450000004	107.37765405000003	96.63988864500003	86.97589978050003	78.27830980245002	70.45047882220503	63.40543093998453	57.06488784598608	51.35839906138747	46.222559155248724	41.60030323972385	37.440272915751464	33.69624562417632
12		Flixabi			27.5	26.1	25.5	25.3	24.6	24	22.5	20.5	19	19.3	20.4	18.45	17.1	17.37											68.1	97.9	99.4	81.3	73.17	65.85300000000001	59.26770000000001	53.340930000000014	48.00683700000001	43.20615330000001	38.88553797000001	34.99698417300001	31.49728575570001	28.347557180130007	25.512801462117007	22.96152131590531	20.665369184314777	18.5988322658833	16.73894903929497	15.065054135365472	13.558548721828926	12.202693849646034
13		Byooviz			0	0	0	0	0	0	0	0.5	0.7	3.1	8.6	12.6	16.6	20.6											0	0	0	4.3	50	100	90	81	72.9	65.61000000000001	59.049000000000014	53.144100000000016	47.829690000000014	43.04672100000001	38.742048900000015	34.86784401000001	31.381059609000012	28.242953648100013	25.41865828329001	22.87679245496101	20.58911320946491	18.53020188851842
14		Fumaderm			3.1	3.1	2.8	3.1	2.5	2.7	2.2	2.7	1.5	1.8	2.4	2.4	2.4	2.4											15.2	12.2	11.100000000000001	8.200000000000001	7.380000000000001	6.642000000000001	5.977800000000001	5.380020000000001	4.842018000000001	4.357816200000001	3.922034580000001	3.529831122000001	3.176848009800001	2.859163208820001	2.573246887938001	2.315922199144201	2.084329979229781	1.8758969813068032	1.6883072831761228	1.5194765548585105	1.3675288993726595	1.2307760094353937
15		Qalsody														5	20	25
16		Leqembi													-18.9	30	300	500															1500	4000	6000	8000	8400	8820	9261	9446.22	9635.1444	9827.847287999999	10024.404233759999	10224.892318435199	10429.390164803903	10637.977968099982	10850.73752746198	11067.752278011221	11289.107323571447	11514.889470042875
17		Aduhelm			0	0	0	1.6	0.3	1	2.8	0.1	1.6	0.3															0	0	2.9000000000000004	4.8	4.32	3.8880000000000003	3.4992000000000005	3.1492800000000005	2.8343520000000004	2.5509168000000004	2.2958251200000004	2.0662426080000005	1.8596183472000005	1.6736565124800005	1.5062908612320005	1.3556617751088005	1.2200955975979204	1.0980860378381283	0.9882774340543155	0.8894496906488839	0.8005047215839955	0.720454249425596
18		Product			2690.2999999999993	2301.5999999999995	2211.7000000000003	2235.9999999999995	2205.7000000000003	2193.7999999999997	2066.3	2054.7999999999997	1962.1000000000001	1904.4999999999998	1744.4	1807.79	2028.0100000000002	2194.1499999999996											11379.800000000001	10692.2	8847.199999999999	7987.700000000001	8941.344	10999.843840000003	12252.763589	13575.4943439	13396.1060184125	13319.994079751052	13335.90383920408	13156.75277555259	12580.784201597131	12394.100446658367	12266.082428885538	12188.12207092172	12153.088714889258	12155.065500664121	12189.134492222312	12251.201326479024	12337.851932881655	12446.235301053905
19		Ocrevus			272.4	202.4	209.3		264.3	261.2	252.3		281.1	311.1	283.6	283.6	283.6	283.6											748	897.6	734.8	844.5000000000001	760.0500000000001	684.0450000000001	615.6405000000001	554.0764500000001	498.66880500000013	448.80192450000015	403.9217320500002	363.52955884500017	327.17660296050013	294.45894266445015	265.01304839800514	238.51174355820464	214.66056920238418	193.19451228214578	173.8750610539312	156.48755494853808	140.83879945368426	126.75491950831584
20		Rituxan/Gazyva			287.7	216.6	179.7		151.1	152.9	147.1		135.8	136.8	112.5	112.5	112.5	112.5											1542.4	1080.2	483.69999999999993	419.7	377.73	339.95700000000005	305.96130000000005	275.36517000000003	247.82865300000003	223.04578770000003	200.74120893000003	180.66708803700004	162.60037923330003	146.34034130997003	131.70630717897302	118.53567646107572	106.68210881496816	96.01389793347134	86.4125081401242	77.77125732611178	69.9941315935006	62.99471843415054
21		CD20						440				436.3	416.90000000000003	447.90000000000003	399.5	399.5	399.5	399.5													440	1301.1000000000001	1170.9900000000002	1053.8910000000003	948.5019000000003	853.6517100000003	768.2865390000003	691.4578851000002	622.3120965900002	560.0808869310002	504.0727982379002	453.6655184141102	408.29896657269916	367.46906991542926	330.72216292388634	297.6499466314977	267.88495196834793	241.09645677151315	216.98681109436183	195.28812998492566
22		Other			125.7	132	93.3	99	157.8	126.2	66.1	98	129.5	191.6	319.1	98	129.5	191.6											707.7	774.6	476.3	485.20000000000005	436.68000000000006	393.01200000000006	353.71080000000006	318.33972000000006	286.50574800000004	257.8551732	232.06965588000003	208.86269029200002	187.97642126280002	169.17877913652	152.260901222868	137.0348111005812	123.33132999052309	110.99819699147078	99.8983772923237	89.90853956309134	80.9176856067822	72.82591704610398
23		Revenue			3376.099999999999	2852.5999999999995	2694.0000000000005	2774.9999999999995	2778.9000000000005	2734.0999999999995	2531.8	2589.1	2508.5	2543.9999999999995	2463	2701.39	2953.11	3181.3499999999995											14377.900000000001	13444.600000000002	10981.999999999998	11038.200000000003	11686.793999999998	13470.748840000004	14476.578089000002	15576.9273939	15197.3957634125	14941.154850251052	14794.948532654082	14469.892999657592	13762.61040329163	13457.744028183419	13223.361652258083	13049.67337195701	12928.48488582102	12852.922054502707	12817.20539067704	12816.46513508828	12846.589360629985	12904.0989860274
24		COGS			449.1	490.6	478.1	459.7	511.8	660.1	753.9	484	469.5	570.9	662.8														1955.4	1805.2	2109.7	2278.3	2103.62292	2424.7347912000005	2605.784056020002	2803.846930902	2735.5312374142504	2689.4078730451893	2663.090735877735	2604.5807399383666	2477.2698725924947	2422.3939250730164	2380.205097406455	2348.9412069522623	2327.1272794477845	2313.5259698104874	2307.096970321867	2306.9637243158904	2312.386084913398	2322.7378174849327
25		Gross Profit			2926.999999999999	2361.9999999999995	2215.9000000000005	2315.2999999999997	2267.1000000000004	2073.9999999999995	1777.9	2105.1	2039	1973.0999999999995	1800.2	2701.39	2953.11	3181.3499999999995											12422.500000000002	11639.400000000001	8872.3	8759.900000000001	9583.171079999998	11046.014048800003	11870.79403298	12773.080462998	12461.86452599825	12251.746977205863	12131.857796776347	11865.312259719225	11285.340530699135	11035.350103110402	10843.156554851628	10700.732165004747	10601.357606373236	10539.39608469222	10510.108420355173	10509.50141077239	10534.203275716587	10581.361168542468
26		R&D			1140.9	1726	514.2	585.1	702.4	699.5	551.7	528.6	549.2	601.6	570.6														2280.6	3990.9	2501.2000000000003	2231.1000000000004
27		SG&A			573.1	806.3	595	637.3	654.1	787.9	634.9	572.6	563.3	632.8	605														2374.7	2504.5	2674.3	2403.6	2283.4199999999996	2169.2489999999993	2060.7865499999994	1957.7472224999992	1859.8598613749991	1766.866868306249	1678.5235248909364	1594.5973486463895	1514.86748121407	1439.1241071533664	1367.167901795698	1298.809506705913	1233.8690313706172	1172.1755798020863	1113.566800811982	1057.8884607713828	1004.9940377328136	954.7443358461728
28		OpEx			1714	2532.3	1109.2	1222.4	1356.5	1487.4	1186.6	1101.2	1112.5	1234.4	1175.6	0	0	0											4655.299999999999	6495.4	5175.5	4634.700000000001	2283.4199999999996	2169.2489999999993	2060.7865499999994	1957.7472224999992	1859.8598613749991	1766.866868306249	1678.5235248909364	1594.5973486463895	1514.86748121407	1439.1241071533664	1367.167901795698	1298.809506705913	1233.8690313706172	1172.1755798020863	1113.566800811982	1057.8884607713828	1004.9940377328136	954.7443358461728
29		OpInc			1212.999999999999	-170.30000000000064	1106.7000000000005	1092.8999999999996	910.6000000000004	586.5999999999995	591.3000000000002	1003.8999999999999	926.5	738.6999999999994	624.6000000000001	2701.39	2953.11	3181.3499999999995											7767.200000000003	5144.000000000002	3696.7999999999993	4125.200000000001	7299.751079999998	8876.765048800004	9810.007482980001	10815.333240498	10602.004664623251	10484.880108899613	10453.334271885411	10270.714911072835	9770.473049485065	9596.225995957037	9475.98865305593	9401.922658298834	9367.488575002619	9367.220504890134	9396.54161954319	9451.612950001007	9529.209237983774	9626.616832696294
30		Interest Income			-55.599999999999994	749.9	-438.4	-15.2	-481.7	-114.8	-380.6	29.4	101.3	-113.1	-69.4														324.9	730.3	-1050.1	-363
31		Pretax Income			1157.3999999999992	579.5999999999993	668.3000000000005	1077.6999999999996	428.9000000000004	471.79999999999944	210.70000000000016	1033.3	1027.8	625.5999999999993	555.2000000000002	2701.39	2953.11	3181.3499999999995											8092.100000000002	5874.300000000002	2646.6999999999994	3762.2000000000007	7299.751079999998	8876.765048800004	9810.007482980001	10815.333240498	10602.004664623251	10484.880108899613	10453.334271885411	10270.714911072835	9770.473049485065	9596.225995957037	9475.98865305593	9401.922658298834	9367.488575002619	9367.220504890134	9396.54161954319	9451.612950001007	9529.209237983774	9626.616832696294
32		Taxes			256.3	-4.999999999999999	56.800000000000004	951.8	-38.1	36.80000000000001	43.60000000000001	210.79999999999998	236.2	54.3	50.7	540.278	590.6220000000001	636.27											1237.4	1052.2	1007.3	544.9	1459.9502159999997	1775.3530097600008	1962.0014965960004	2163.0666480996	2120.4009329246505	2096.9760217799226	2090.6668543770825	2054.142982214567	1954.094609897013	1919.2451991914074	1895.1977306111862	1880.384531659767	1873.4977150005238	1873.4441009780269	1879.3083239086382	1890.3225900002014	1905.8418475967549	1925.323366539259
33		Net Income			901.0999999999992	584.5999999999993	611.5000000000006	125.89999999999964	467.0000000000004	434.99999999999943	167.10000000000014	822.5	791.5999999999999	571.2999999999994	504.50000000000017	2161.112	2362.4880000000003	2545.0799999999995											6854.700000000003	4822.100000000002	1639.3999999999994	3217.3000000000006	5839.800863999999	7101.412039040003	7848.0059863840015	8652.266592398399	8481.6037316986	8387.90408711969	8362.667417508328	8216.571928858268	7816.378439588052	7676.980796765629	7580.790922444745	7521.538126639067	7493.990860002095	7493.7764039121075	7517.233295634552	7561.290360000805	7623.367390387019	7701.293466157035
34		Shares			5.73218829516539	3.796103896103892	4.015101772816813	0.8387741505662868	3.1426648721399757	2.9491525423728775	1.1321138211382122	5.625854993160055	5.466850828729281	3.934573002754817	3.47451790633609	14.883691460055099	16.270578512396696	17.528099173553716											36.57790821771613	29.895226286422826	10.956725146198826	22.043850633778696	40.01233891058581	48.65647166180201	53.77188068779721	59.28240214044809	58.113077983546425	57.47107973360528	57.29816661533627	56.297169776349904	53.555179442192895	52.60007397578369	51.94101351452378	51.535033413080285	51.34628886606438	51.34481948552318	51.50553816810245	51.807402261053824	52.2327330619186	52.76665615729384
35		EPS			157.2	154	152.3	150.1	148.6	147.5	147.6	146.2	144.8	145.2	145.2	145.2	145.2	145.2											187.4	161.3	149.625	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95	145.95
36																																																				Terminal	-0.01
37																																																				Discount	0.08
38		Revenue y/y							-0.1768904949497937	-0.04154105026992916	-0.06020786933927258	-0.06699099099099082	-0.09730468890568233	-0.06952927837313927	-0.027174342365115844	0.04337028310996094	0.1772413793103449	0.2505306603773585												-0.06491212207624197	-0.18316647575978484	0.005117464942633765	0.05875903679947769	0.15264706813519657	0.07466765663489272	0.07600893651353258	-0.024364986809666034	-0.016860843604424858	-0.009785476361254264	-0.02197071062998679	-0.04887960100207367	-0.022151784158279675	-0.017416171345991494	-0.013134956516251184	-0.009286706470095663	-0.005844678010273663	-0.0027788750040038668	-0.00005775483548842164	0.0023504316692777305	0.004476645417939462		NPV	73154.66616727483
39		Product y/y								-0.04683698296836969	-0.06574128498440113	-0.08103756708407861	-0.11044112980006349	-0.1318716382532592	-0.15578570391521074	-0.12021121277009916	0.03359156006319752	0.1520871619847728
40		Gross Margin			0.866976689079115	0.8280165463086308	0.8225315515961397	0.8343423423423424	0.8158264061319227	0.7585677188105775	0.7022276641124892	0.8130624541346414	0.8128363563882799	0.7755896226415093	0.7308972797401543	1	1	1											0.8639996105133574	0.8657304791514808	0.8078947368421053	0.7935985939736551	0.82	0.8200000000000001	0.8199999999999998	0.82	0.82	0.8200000000000001	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.8200000000000001	0.82	0.82	0.82		Share	504.51493908465403
41
42		Net Debt										124.39999999999964	1104.8000000000002	846.6999999999998	1117.5999999999995
43		Cash										7401.599999999999	7384	7127.7	7400.299999999999
44		AR										1567.6	1568.8	1705	1634.4
45		CD20											415.4	431.4	393.8
46		Inventory										1294.2	1375	1344.4	1281
47		OCA										2081.2	1495.5	1417.6	1412
48		PP&E										3355.1	3266.4	3298.6	3300.9
49		Lease										321.1	424.5	403.9	399.1
50		Goodwill										7824.900000000001	7750.1	7599.1	7565.1
51		DT										1235.7	1174.5	1226.4	1211.8
52		Assets										25081.4	24854.199999999997	24554.100000000002	24598.399999999998
53
54		Taxes											566.2	259.9	235.5
55		AP											383.2	491.5	491.2
56		AE										4018.2	3305.9	2521.4	2288.2
57		Debt										7277.2	6279.2	6281	6282.7
58		DT										480.6	354.8	334.7	251.3
59		Lease										274.2	1198.1	333	327
60		OLTL										1167.8		944.2	935.5
61		SE										11863.4	12766.8	13388.4	13787
62		L+SE										25081.4	24854.199999999997	24554.1	24598.399999999998