Illumina Financials

662 M

Revenue Q2, 2017

31 B

Mkt cap, 13-Nov-2017
Gross profit (Q2, 2017)434 M
Gross profit margin (Q2, 2017), %66%
Net income (Q2, 2017)120 M
EBIT (Q2, 2017)143 M
Cash, 07-Feb-20171.2 B
EV30.9 B

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4 b1.9 b2.2 b2.4 b2.4 b

Revenue growth, %

31%19%8%

Cost of goods sold

670.5 m731.9 m731.9 m

Gross profit

1.5 b1.7 b1.7 b

Gross profit Margin, %

70%69%69%

R&D expense

504.4 m

General and administrative expense

583 m

Operating expense total

1.1 b

EBIT

134.1 m514.7 m612.8 m587 m587 m

EBIT margin, %

9%28%28%24%24%

Interest expense

42.1 m33.2 m33.2 m

Interest income

5 m9.8 m9.8 m

Pre tax profit

583.1 m561.2 m561.2 m

Income tax expense

125.8 m133.1 m133.1 m

Net Income

125.3 m353.4 m457.4 m428.1 m428.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017

Revenue

356.8 m420.8 m447.6 m480.6 m538.6 m539.4 m550.3 m607.1 m571.8 m600.1 m714 m598 m662 m

Cost of goods sold

146.9 m142.5 m147 m146.7 m163.5 m163 m162.7 m181 m174.7 m176.3 m232 m230 m228 m

Gross profit

209.9 m278.3 m300.5 m333.9 m375 m376.4 m387.5 m426.2 m397.1 m423.8 m482 m368 m434 m

Gross profit Margin, %

59%66%67%69%70%70%70%70%69%71%68%62%66%

R&D expense

71 m77 m83 m85.1 m91.8 m96.2 m99.2 m125.9 m124 m124.6 m134 m145 m130 m

General and administrative expense

95.6 m109.6 m114.6 m119.9 m116.3 m124.4 m136.6 m139.1 m149.2 m148.5 m167 m163 m169 m

Operating expense total

164.5 m186.2 m200.3 m214.4 m198.9 m224.4 m246.8 m265.4 m275.6 m261.9 m301 m316 m291 m

EBIT

45.5 m92.1 m100.2 m119.5 m176.1 m151.9 m140.8 m160.7 m121.4 m161.9 m181 m52 m143 m

EBIT margin, %

13%22%22%25%33%28%26%26%21%27%25%9%22%

Interest expense

10 m9.7 m9.9 m11 m11.2 m11.2 m12.8 m8.2 m8.5 m8.1 m10 m8 m8 m

Interest income

1.3 m956 k1.5 m534 k1.7 m1.3 m2.8 m2.1 m1.2 m3.4 m4 m4 m5 m

Pre tax profit

37.1 m83.8 m60.5 m112.4 m178 m141.2 m128.9 m154.4 m115.6 m157 m175 m503 m141 m

Income tax expense

23.8 m13.9 m19 m41.4 m38.9 m13.3 m37.4 m28.4 m40.6 m23 m155 m21 m

Net Income

31.4 m60 m46.6 m93.5 m136.7 m102.2 m115.6 m116.9 m87.2 m116.4 m152 m348 m120 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

711.6 m636.2 m768.8 m734.5 m734.5 m

Accounts Receivable

238.9 m289.5 m385.5 m381.3 m381.3 m

Inventories

22.8 m29.8 m54.3 m77.9 m300.2 m

Current Assets

1.6 b1.9 b2.1 b2.3 b2.3 b

PP&E

202.7 m265.3 m342.7 m713.3 m713.3 m

Goodwill

723.1 m724.9 m752.6 m776 m776 m

Total Assets

3 b3.3 b3.7 b4.3 b4.3 b

Accounts Payable

73.7 m82.6 m139.2 m137.9 m137.9 m

Current Liabilities

322.1 m722.2 m610.5 m704.7 m704.7 m

Long-term debt

839.3 m986.8 m1 b1 b1 b

Total Debt

1 b

Additional Paid-in Capital

2.6 b2.2 b2.5 b2.7 b2.7 b

Retained Earnings

207.9 m561.2 m1 b1.5 b1.5 b

Total Equity

1.8 b2.3 b2.3 b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2 x1.9 x1.9 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017

Cash

691.8 m518.5 m675.2 m829.9 m533.5 m591.1 m551.5 m794.7 m754.9 m951.7 m1.4 b981 m1.2 b

Accounts Receivable

235.4 m293 m258.7 m276.7 m350 m368.6 m413.5 m381.6 m402.5 m372.5 m383 m368 m372 m

Inventories

159.9 m164.2 m177.5 m199.3 m205.2 m223.6 m233.8 m312.2 m287.9 m311.4 m327 m299 m309 m

Current Assets

1.5 b1.6 b1.6 b1.9 b2.1 b2.2 b2.2 b2.3 b2.1 b2.1 b2.8 b2.5 b2.6 b

PP&E

193.6 m210.4 m230.1 m247.6 m280.6 m302.8 m308.7 m633.9 m385.3 m511.4 m862 m734 m837 m

Goodwill

667.2 m723.3 m721.6 m724.9 m724.9 m724.9 m756.7 m776 m776 m776 m771 m771 m771 m

Total Assets

2.8 b3.1 b3 b3.3 b3.5 b3.7 b3.7 b4.2 b3.8 b4 b5 b4.6 b4.9 b

Accounts Payable

63.1 m86.5 m91.5 m96.1 m106.7 m107.9 m123.4 m134.1 m154.7 m250.7 m158 m142 m175 m

Current Liabilities

418.9 m1.1 b649.2 m856.4 m710.3 m725.1 m583.9 m628.9 m481.2 m581.5 m665 m721 m682 m

Long-term debt

830.7 m972.9 m979.8 m993.8 m1 b1 b1 b1 b1 b1.2 b1.1 b1.2 b

Total Debt

830.7 m972.9 m979.8 m993.8 m1 b1 b1 b1 b1 b1.2 b1.1 b1.2 b

Common Stock

1.7 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.9 m1.9 m1.9 m2 m2 m2 m

Additional Paid-in Capital

2.5 b2.7 b2.1 b2.1 b2.3 b2.4 b2.5 b2.7 b2.6 b2.7 b2.9 b2.8 b2.8 b

Retained Earnings

127.2 m267.8 m314.4 m407.9 m697.9 m800.1 m918.3 m1.4 b1.1 b1.2 b2.2 b1.9 b2 b

Total Equity

1.8 b1.9 b2.3 b2.1 b2.9 b2.6 b2.7 b

Financial Leverage

2.1 x1.9 x1.8 x1.9 x1.8 x1.8 x1.8 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

125.3 m353.4 m457.4 m428.1 m428.1 m

Depreciation and Amortization

50.8 m61.9 m72.7 m90 m90 m

Accounts Receivable

(16 m)(50 m)(96 m)3.2 m3.2 m

Inventories

1.8 m6.6 m(11 m)(1.2 m)(29.7 m)

Accounts Payable

2.4 m(2.1 m)46.3 m(2 m)(2 m)

Cash From Operating Activities

386.4 m501.3 m659.6 m687.2 m687.2 m

Purchases of PP&E

(79.2 m)(106 m)(142.8 m)(259.9 m)(259.9 m)

Cash From Investing Activities

(69.6 m)(406.6 m)(106.1 m)(514.5 m)(514.5 m)

Cash From Financing Activities

(38.7 m)(166.7 m)(418.8 m)(204.7 m)(204.7 m)

Income Taxes Paid

50.1 m17.9 m16.9 m59.7 m59.7 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017

Net Income

31.4 m60 m46.6 m93.5 m136.7 m102.2 m115.6 m116.9 m87.2 m116.4 m348 m

Accounts Receivable

258.7 m276.7 m350 m368.6 m413.5 m381.6 m402.5 m372.5 m368 m

Inventories

177.5 m199.3 m205.2 m223.6 m233.8 m312.2 m287.9 m311.4 m299 m

Accounts Payable

91.5 m96.1 m106.7 m107.9 m123.4 m134.1 m154.7 m250.7 m142 m

Ratios

USDY, 2017

EV/EBIT

216.1 x

Revenue/Employee

120.4 k

Financial Leverage

1.8 x