ILMN FY 2014 Earnings Report — Illumina, Inc. Revenue & Financial Results | Market Cap Arena

Illumina, Inc.ILMN

FY 2014 Earnings

Reported February 17, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.4B	—	31.0%
Op. Income	$515M	—	$134M	—	283.8%
Gross Margin	69.7%	—	64.2%	—	5.6pp
Net Margin	19.0%	—	8.8%	—	10.2pp
EPS (Diluted)	$2.37	—	$0.90	—	163.3%
Free Cash Flow	$359M	—	$296M	—	21.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$564M
GROSS PROFIT	$1.3B
R&D Expenses	$388M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$466M
Other Expenses	-$71M
Operating Expenses	$783M
Cost & Expenses	$1.3B
OPERATING INCOME	$515M
Interest Income	$4M
Interest Expense	$42M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$449M
Income Tax Expense	$95M
Net Income from Continuing Ops	$353M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$353M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$353M
D&A	$113M
EBIT	$490M
EBITDA	$603M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$564M
GROSS PROFIT	$1.3B
R&D Expenses	$388M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$466M
Other Expenses	-$71M
Operating Expenses	$783M
Cost & Expenses	$1.3B
OPERATING INCOME	$515M
Interest Income	$4M
Interest Expense	$42M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$449M
Income Tax Expense	$95M
Net Income from Continuing Ops	$353M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$353M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$353M
D&A	$113M
EBIT	$490M
EBITDA	$603M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$353M
Depreciation & Amortization	$113M
Stock-Based Compensation	$153M
Deferred Income Tax	$100M
Other Non-Cash Items	-$161M
Change in Working Capital	-$56M
OPERATING CASH FLOW	$501M
Capital Expenditure	-$142M
Acquisitions (Net)	-$3M
Purchases of Investments	-$803M
Sales/Maturities of Investments	$542M
Other Investing Activities	-$297M
NET CASH FROM INVESTING	-$407M
Net Debt Issuance	-$142M
Common Stock Repurchased	-$237M
Common Dividends Paid	$0
Other Financing Activities	$116M
NET CASH FROM FINANCING	-$167M
FREE CASH FLOW	$359M
Net Change in Cash	-$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$636M
Short-Term Investments	$702M
Net Receivables	$289M
Inventory	$191M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$265M
Goodwill	$725M
Intangible Assets	$315M
Long-Term Investments	$37M
Tax Assets	$50M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$3.3B
Account Payables	$83M
Short-Term Debt	$304M
Deferred Revenue	$75M
Other Current Liabilities	$108M
TOTAL CURRENT LIABILITIES	$722M
Long-Term Debt	$987M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$168M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.9B
Common Stock	$2M
Additional Paid-In Capital	$2.2B
Retained Earnings	$561M
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.3B
Net Debt	$655M