← ILLUMINA, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent — $726.0m
$826.0m +13.77%
$1.0b +21.31%
$656.0m -34.53%
$762.0m +16.16%
$762.0m 0.00%
($1.2b) -252.36%
($1.2b) -5.34%
$850.0m +169.50%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $678.0m $782.0m $990.0m $656.0m $762.0m — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — ($48.0m) ($44.0m) ($12.0m) $0 $0 — — — — —
Depreciation, Depletion and Amortization — $156.0m $179.0m $188.0m $187.0m $251.0m — $432.0m $354.0m $270.0m $272.0m
Amortization of Intangible Assets $53.7m $46.0m $39.0m $37.0m $31.0m $75.0m $75.0m $197.0m $130.0m $67.0m —
Depreciation — $110.0m $140.0m $151.0m $156.0m $176.0m — $235.0m $224.0m $203.0m $202.0m
Depreciation expense $72.7m $90.0m $140.0m $151.0m — $156.0m $176.0m $215.0m $224.0m $203.0m $272.0m
Deferred Income Tax Expense (Benefit) — $34.0m ($18.0m) $5.0m $117.0m ($76.0m) — ($34.0m) ($117.0m) $119.0m $96.0m
Deferred income taxes $80.5m $93.6m ($18.0m) $11.0m — $117.0m ($76.0m) ($23.0m) ($112.0m) $119.0m $96.0m
Share-based Payment Arrangement, Noncash Expense — $164.0m $193.0m $194.0m $194.0m $754.0m — $380.0m $370.0m $275.0m $266.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $68.0m $74.0m $82.0m $91.0m $511.0m — $40.0m $32.0m $40.0m —
Share-based Payment Arrangement, Expense — $164.0m $193.0m $194.0m $194.0m $941.0m — $380.0m $371.0m $275.0m $266.0m
Share-based compensation expense $132.6m $129.1m $193.0m $194.0m — $194.0m $754.0m $366.0m $370.0m $275.0m $266.0m
Goodwill and Intangible Asset Impairment — — — — — — — $827.0m $1.9b $0 —
Goodwill, Impairment Loss — — — — — — — $827.0m $1.5b — $4.0m
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — $115.0m — — —
Impairment of Intangible Assets, Finite-lived — — — — — — — $0 — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $5.0m — — — — — — — $23.0m —
Operating Lease, Impairment Loss — — — — — — — $38.0m — — —
Goodwill and intangible impairment — — — — — — $0 $827.0m $1.9b $23.0m —
Property and equipment and right-of-use asset impairment — — — — — — $6.0m $100.0m $46.0m $4.0m —
Nonoperating Income (Expense) — $437.0m $11.0m $133.0m $276.0m $1.0b — ($48.0m) ($346.0m) $279.0m —
Other Nonoperating Income (Expense) — $455.0m $24.0m $110.0m $284.0m $1.1b — ($29.0m) ($292.0m) $340.0m —
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable — $26.0m $105.0m $58.0m ($89.0m) $164.0m — $40.0m $25.0m $108.0m ($65.0m)
Accounts receivable ($95.9m) $3.2m ($105.0m) ($58.0m) — $89.0m ($164.0m) ($12.0m) ($25.0m) ($108.0m) ($65.0m)
Increase (Decrease) in Inventories — $33.0m $53.0m ($25.0m) $12.0m $58.0m — $20.0m ($19.0m) $17.0m ($20.0m)
Inventory ($80.5m) ($29.7m) ($53.0m) $25.0m — ($12.0m) ($58.0m) ($135.0m) $19.0m ($17.0m) ($20.0m)
Increase (Decrease) in Accounts Payable — $10.0m $45.0m ($35.0m) $40.0m $60.0m — ($44.0m) ($4.0m) $2.0m $26.0m
Accounts payable $46.3m ($2.0m) $45.0m ($35.0m) — $40.0m $60.0m ($38.0m) ($4.0m) $2.0m $26.0m
Purchases of property and equipment included in accounts payable and accrued liabilities — — — — — — — $12.0m $4.0m $22.0m ($164.0m)
Accrued liabilities $79.8m ($24.2m) $103.0m ($44.0m) — ($7.0m) $101.0m $381.0m ($440.0m) $0 $67.0m
Other $9.5m $14.8m ($17.0m) ($1.0m) — ($33.0m) $29.0m $17.0m $14.0m $18.0m —
Prepaid expenses and other current assets ($10.9m) ($1.2m) $5.0m ($14.0m) — ($20.0m) ($64.0m) $16.0m ($14.0m) ($8.0m) —
Other assets ($1.4m) ($6.9m) ($9.0m) ($30.0m) — ($33.0m) ($27.0m) $19.0m ($15.0m) ($21.0m) —
Net Cash Provided by (Used in) Operating Activities $659.6m
$875.0m +32.66%
$1.1b +30.51%
$1.1b -7.97%
$1.1b +2.76%
$545.0m -49.54%
$96.0m -82.39%
$478.0m +397.92%
$837.0m +75.10%
$1.1b +28.91%
$1.1b +1.48%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($142.8m) $310.0m $296.0m $209.0m $189.0m $208.0m ($208.0m) $195.0m $128.0m $148.0m ($164.0m)
Gain (Loss) on Investments — — — — — $899.0m — $0 — — ($179.0m)
Marketable Securities, Unrealized Gain (Loss) — — — $53.0m $270.0m $37.0m — — — — —
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — $321.0m $860.0m $1.4b $493.0m $331.0m — $0 — — —
Net (gains) losses on strategic investments — — — ($62.0m) — ($291.0m) ($18.0m) $122.0m $312.0m ($328.0m) —
Net sales (purchases) of strategic investments — — — — — ($124.0m)
$246.0m +298.39%
($40.0m) -116.26%
($52.0m) -30.00%
$103.0m +298.08%
—
Payments to Acquire Businesses, Net of Cash Acquired — — $100.0m $0 $98.0m $2.4b — $29.0m $81.0m $10.0m ($420.0m)
Cash paid for acquisitions and intangible assets, net of cash acquired ($36.6m) ($17.8m) ($100.0m) $0 — ($98.0m) ($2.4b) ($85.0m) ($81.0m) ($10.0m) —
Net Cash Provided by (Used in) Investing Activities ($106.1m) ($214.0m) ($1.8b) $745.0m ($554.0m) ($1.1b) ($1.1b) ($231.0m) ($178.0m) ($55.0m) ($431.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — — — — — — — — — — —
Proceeds from Issuance of Long-term Debt — $5.0m $735.0m $0 $0 $988.0m — $0 $1.2b $495.0m $497.0m
Proceeds from debt, net of issuance costs — — — — — — — ($1.0m) ($1.2b) $495.0m —
Payments on debt obligations — — — ($550.0m) — $0 ($517.0m) ($1.2b) ($750.0m) ($500.0m) —
Payments for Repurchase of Common Stock — $251.0m $201.0m $324.0m $736.0m $0 — — $116.0m $742.0m —
Proceeds from Issuance of Common Stock $71.8m $71.0m $46.0m $59.0m $61.0m $60.0m $60.0m $67.0m $56.0m $44.0m $40.0m
Common stock repurchases ($274.3m) ($249.3m) ($201.0m) ($324.0m) — ($736.0m) $0 $0 ($116.0m) ($742.0m) —
Net Cash Provided by (Used in) Financing Activities ($418.8m)
($176.0m) +57.97%
$594.0m +437.50%
($897.0m) -251.01%
($766.0m) +14.60%
($51.0m) +93.34%
($51.0m) 0.00%
($1.2b) -2272.55%
($570.0m) +52.89%
($744.0m) -30.53%
($558.0m) +25.00%
Net increase (decrease) in cash and cash equivalents $132.6m ($34.3m) ($81.0m) $898.0m — ($232.0m) ($578.0m) $779.0m $79.0m $291.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $898.0m ($232.0m) ($578.0m) — ($963.0m) $79.0m $291.0m $1.0b
Cash and cash equivalents at beginning of year $636.2m $768.8m $1.2b $2.0b — $1.8b $1.2b $2.0b $1.1b $1.4b $934.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $2.0b $1.8b $1.2b — $1.0b $1.1b $1.4b $1.0b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($1.0m) $8.0m ($3.0m) — $0 ($10.0m) $11.0m $0
Effect of exchange rate changes on cash and cash equivalents ($2.1m) ($2.2m) ($4.0m) ($1.0m) — $8.0m ($3.0m) ($22.0m) ($10.0m) $11.0m $0
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — — $9.0m $73.0m $83.0m $95.0m —
Income Taxes Paid, Net $16.9m $149.0m $99.0m $164.0m $119.0m $233.0m $233.0m $65.0m $105.0m $73.0m —
Additional Financial Items
Accretion Expense — — — — — — — — — — —
Deconsolidation, Gain (Loss), Amount — $453.0m — $54.0m $0 $0 — — — — —
Derivative, Gain (Loss) on Derivative, Net — — — ($8.0m) ($116.0m) $26.0m — $0 — — —
Equity Securities, FV-NI, Gain (Loss) — — — — — — — ($2.0m) ($310.0m) $315.0m —
Equity Securities, FV-NI, Realized Gain (Loss) — — — — — — — ($2.0m) $0 $150.0m —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — — — $0 ($310.0m) $165.0m —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — — — ($22.0m) — — —
Gain (Loss) Related to Litigation Settlement — — — — — — — ($20.0m) $456.0m ($10.0m) —
Goodwill — $771.0m $831.0m $824.0m $897.0m $7.1b — $2.5b $1.1b $1.1b $4.0m
Income Tax Expense (Benefit) — $365.0m $112.0m $128.0m $200.0m $122.0m — $44.0m $44.0m $236.0m —
Interest Expense Nonoperating — — — — — — — — $100.0m $101.0m —
Investment Income, Interest — $19.0m $44.0m $75.0m $41.0m $0 — $58.0m $46.0m $40.0m —
Operating Expenses — $1.2b $1.4b $1.5b $1.6b $3.3b — $3.8b $3.7b $2.1b —
Proceeds from Noncontrolling Interests — $79.0m $92.0m $0 $0 — — — — — —
Change in fair value of contingent consideration liabilities ($6.1m) ($1.2m) — $0 — $0 $4.0m ($205.0m) ($315.0m) ($18.0m) —
Non-cash charitable contribution — — — — — — — $0 $0 $19.0m —
Gain on Helix contingent value right — — — $1.0m — ($7.0m) ($30.0m) $7.0m ($15.0m) $0 —
Operating lease right-of-use assets and liabilities, net — — $0 ($5.0m) — ($11.0m) ($13.0m) ($8.0m) ($32.0m) ($34.0m) —
Other long-term liabilities $5.2m $15.7m ($4.0m) ($33.0m) — $27.0m $13.0m ($19.0m) $28.0m $33.0m —
Cash received for Helix contingent value right — — — — — — — $0 $83.0m $0 —
Payments on contingent consideration liabilities ($2.9m) ($29.2m) — $0 — $0 ($71.0m) $0 ($1.0m) ($1.0m) —
GRAIL cash deconsolidated as a result of spin-off — — — — — — — $0 ($968.0m) $0 —
GRAIL net assets, excluding cash and cash equivalents, deconsolidated as a result of spin-off — — — — — — — $0 $1.8b $0 —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.