ILMN FY 2013 Earnings Report — Illumina, Inc. Revenue & Financial Results | Market Cap Arena

Illumina, Inc.ILMN

FY 2013 Earnings

Reported February 18, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.1B	—	23.7%
Op. Income	$134M	—	$201M	—	-33.2%
Gross Margin	64.2%	—	67.4%	—	-3.2pp
Net Margin	8.8%	—	13.2%	—	-4.4pp
EPS (Diluted)	$0.90	—	$1.13	—	-20.4%
Free Cash Flow	$296M	—	$211M	—	40.3%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$509M
GROSS PROFIT	$912M
R&D Expenses	$277M
Selling & Marketing	$367M
General & Administrative	$14M
SG&A Expenses	$381M
Other Expenses	$120M
Operating Expenses	$778M
Cost & Expenses	$1.3B
OPERATING INCOME	$134M
Interest Income	$5M
Interest Expense	$40M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$159M
Income Tax Expense	$34M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$98M
EBIT	$199M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$509M
GROSS PROFIT	$912M
R&D Expenses	$277M
Selling & Marketing	$367M
General & Administrative	$14M
SG&A Expenses	$381M
Other Expenses	$120M
Operating Expenses	$778M
Cost & Expenses	$1.3B
OPERATING INCOME	$134M
Interest Income	$5M
Interest Expense	$40M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$159M
Income Tax Expense	$34M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$98M
EBIT	$199M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$98M
Stock-Based Compensation	$106M
Deferred Income Tax	-$37M
Other Non-Cash Items	-$59M
Change in Working Capital	$153M
OPERATING CASH FLOW	$386M
Capital Expenditure	-$91M
Acquisitions (Net)	-$428M
Purchases of Investments	-$364M
Sales/Maturities of Investments	$813M
Other Investing Activities	$533M
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$50M
Common Dividends Paid	$0
Other Financing Activities	-$72M
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$296M
Net Change in Cash	$278M

Balance Sheet

Item	Amount
Cash & Equivalents	$712M
Short-Term Investments	$454M
Net Receivables	$239M
Inventory	$154M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$203M
Goodwill	$723M
Intangible Assets	$331M
Long-Term Investments	$22M
Tax Assets	$88M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$3.0B
Account Payables	$74M
Short-Term Debt	$29M
Deferred Revenue	$51M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$322M
Long-Term Debt	$840M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$324M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$2M
Additional Paid-In Capital	$2.6B
Retained Earnings	$208M
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$869M
Net Debt	$157M