ILMN FY 2011 Earnings Report — Illumina, Inc. Revenue & Financial Results | Market Cap Arena

Illumina, Inc.ILMN

FY 2011 Earnings

Reported February 23, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.1B	—	$903M	—	16.9%
Op. Income	$199M	—	$212M	—	-5.8%
Gross Margin	67.2%	—	66.6%	—	0.5pp
Net Margin	8.2%	—	13.8%	—	-5.6pp
EPS (Diluted)	$0.62	—	$0.87	—	-28.7%
Free Cash Flow	$279M	—	$216M	—	28.9%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$346M
GROSS PROFIT	$709M
R&D Expenses	$197M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$262M
Other Expenses	$51M
Operating Expenses	$510M
Cost & Expenses	$856M
OPERATING INCOME	$199M
Interest Income	$7M
Interest Expense	$35M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$133M
Income Tax Expense	$46M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$69M
EBIT	$168M
EBITDA	$237M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$346M
GROSS PROFIT	$709M
R&D Expenses	$197M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$262M
Other Expenses	$51M
Operating Expenses	$510M
Cost & Expenses	$856M
OPERATING INCOME	$199M
Interest Income	$7M
Interest Expense	$35M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$133M
Income Tax Expense	$46M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$69M
EBIT	$168M
EBITDA	$237M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$68M
Stock-Based Compensation	$92M
Deferred Income Tax	-$27M
Other Non-Cash Items	$101M
Change in Working Capital	$37M
OPERATING CASH FLOW	$358M
Capital Expenditure	-$80M
Acquisitions (Net)	-$58M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$401M
NET CASH FROM INVESTING	-$401M
Net Debt Issuance	$554M
Common Stock Repurchased	-$570M
Common Dividends Paid	$0
Other Financing Activities	$52M
NET CASH FROM FINANCING	$97M
FREE CASH FLOW	$279M
Net Change in Cash	$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$303M
Short-Term Investments	$887M
Net Receivables	$174M
Inventory	$129M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$143M
Goodwill	$322M
Intangible Assets	$106M
Long-Term Investments	$45M
Tax Assets	$20M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$651M
TOTAL ASSETS	$2.2B
Account Payables	$50M
Short-Term Debt	$0
Deferred Revenue	$53M
Other Current Liabilities	$53M
TOTAL CURRENT LIABILITIES	$238M
Long-Term Debt	$813M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$883M
TOTAL LIABILITIES	$1.1B
Common Stock	$2M
Additional Paid-In Capital	$2.2B
Retained Earnings	-$69M
Treasury Stock	-$1.1B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$813M
Net Debt	$510M