ILMN FY 2009 Earnings Report — Illumina, Inc. Revenue & Financial Results | Market Cap Arena

Illumina, Inc.ILMN

FY 2009 Earnings

Reported February 26, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$666M	—	$573M	—	16.2%
Op. Income	$126M	—	$80M	—	56.1%
Gross Margin	69.1%	—	64.1%	—	5.0pp
Net Margin	10.8%	—	8.8%	—	2.0pp
EPS (Diluted)	$0.53	—	$0.38	—	39.5%
Free Cash Flow	$119M	—	-$8M	—	1627.0%

Revenue Flow

Item	Amount
REVENUE	$666M
Cost of Revenue	$206M
GROSS PROFIT	$461M
R&D Expenses	$141M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$18M
Operating Expenses	$335M
Cost & Expenses	$541M
OPERATING INCOME	$126M
Interest Income	$11M
Interest Expense	$24M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$114M
Income Tax Expense	$42M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$31M
EBIT	$138M
EBITDA	$169M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$666M
Cost of Revenue	$206M
GROSS PROFIT	$461M
R&D Expenses	$141M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$18M
Operating Expenses	$335M
Cost & Expenses	$541M
OPERATING INCOME	$126M
Interest Income	$11M
Interest Expense	$24M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$114M
Income Tax Expense	$42M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$31M
EBIT	$138M
EBITDA	$169M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$31M
Stock-Based Compensation	$61M
Deferred Income Tax	$30M
Other Non-Cash Items	-$8M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$174M
Capital Expenditure	-$55M
Acquisitions (Net)	-$1M
Purchases of Investments	-$714M
Sales/Maturities of Investments	$515M
Other Investing Activities	-$256M
NET CASH FROM INVESTING	-$256M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$175M
Common Dividends Paid	$0
Other Financing Activities	$47M
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$119M
Net Change in Cash	-$182M

Balance Sheet

Item	Amount
Cash & Equivalents	$145M
Short-Term Investments	$549M
Net Receivables	$158M
Inventory	$93M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$982M
PP&E (Net)	$117M
Goodwill	$213M
Intangible Assets	$44M
Long-Term Investments	$0
Tax Assets	$47M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$448M
TOTAL ASSETS	$1.4B
Account Payables	$53M
Short-Term Debt	$290M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$441M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$124M
TOTAL LIABILITIES	$566M
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$280M
Treasury Stock	-$498M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$864M
Minority Interest	$0
TOTAL EQUITY	$864M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$290M
Net Debt	$146M