ILMN FY 2012 Earnings Report — Illumina, Inc. Revenue & Financial Results | Market Cap Arena

Illumina, Inc.ILMN

FY 2012 Earnings

Reported February 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	8.8%
Op. Income	$201M	—	$199M	—	0.6%
Gross Margin	67.4%	—	67.2%	—	0.2pp
Net Margin	13.2%	—	8.2%	—	5.0pp
EPS (Diluted)	$1.13	—	$0.62	—	82.3%
Free Cash Flow	$211M	—	$279M	—	-24.3%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$375M
GROSS PROFIT	$774M
R&D Expenses	$231M
Selling & Marketing	$263M
General & Administrative	$23M
SG&A Expenses	$286M
Other Expenses	$56M
Operating Expenses	$573M
Cost & Expenses	$948M
OPERATING INCOME	$201M
Interest Income	$16M
Interest Expense	$38M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$223M
Income Tax Expense	$71M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$65M
EBIT	$260M
EBITDA	$326M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$375M
GROSS PROFIT	$774M
R&D Expenses	$231M
Selling & Marketing	$263M
General & Administrative	$23M
SG&A Expenses	$286M
Other Expenses	$56M
Operating Expenses	$573M
Cost & Expenses	$948M
OPERATING INCOME	$201M
Interest Income	$16M
Interest Expense	$38M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$223M
Income Tax Expense	$71M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$65M
EBIT	$260M
EBITDA	$326M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$64M
Stock-Based Compensation	$94M
Deferred Income Tax	-$22M
Other Non-Cash Items	$22M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$292M
Capital Expenditure	-$81M
Acquisitions (Net)	-$32M
Purchases of Investments	-$941M
Sales/Maturities of Investments	$899M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$150M
Net Debt Issuance	$0
Common Stock Repurchased	-$83M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$211M
Net Change in Cash	$131M

Balance Sheet

Item	Amount
Cash & Equivalents	$434M
Short-Term Investments	$916M
Net Receivables	$215M
Inventory	$159M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$166M
Goodwill	$369M
Intangible Assets	$130M
Long-Term Investments	$0
Tax Assets	$40M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$779M
TOTAL ASSETS	$2.6B
Account Payables	$66M
Short-Term Debt	$37M
Deferred Revenue	$70M
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$305M
Long-Term Debt	$805M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$138M
TOTAL NON-CURRENT LIABILITIES	$943M
TOTAL LIABILITIES	$1.2B
Common Stock	$2M
Additional Paid-In Capital	$2.4B
Retained Earnings	$83M
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$842M
Net Debt	$408M