Illumina, Inc. (ILMN) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-29

Swipe to see the full flow
Illumina, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $316,000,000.00Net income (loss) → Operating adjustments reconciliation: $388,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $83,000,000.00Depreciation expense → Operating adjustments reconciliation: $54,000,000.00Other long-term liabilities → Operating adjustments reconciliation: $25,000,000.00Other → Operating adjustments reconciliation: $22,000,000.00Deferred income taxes → Operating adjustments reconciliation: $19,000,000.00Amortization of intangible assets → Operating adjustments reconciliation: $16,000,000.00Net losses on strategic investments → Operating adjustments reconciliation: $12,000,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $5,000,000.00Operating adjustments reconciliation → Accrued liabilities: $489,000,000.00Operating adjustments reconciliation → Accounts receivable: $52,000,000.00Operating adjustments reconciliation → Change in fair value of contingent consideration liabilities: $49,000,000.00Operating adjustments reconciliation → Inventory: $13,000,000.00Operating adjustments reconciliation → Operating lease right-of-use assets and liabilities, net: $7,000,000.00Operating adjustments reconciliation → Other assets: $5,000,000.00Operating adjustments reconciliation → Accounts payable: $5,000,000.00Operating adjustments reconciliation → Gain on Helix contingent value right: $4,000,000.00Cash received for Helix contingent value right → investing reconciliation: $83,000,000.00Net cash used in investing activities → investing reconciliation: $41,000,000.00investing reconciliation → Cash paid for acquisitions and intangible assets, net of cash acquired: $81,000,000.00investing reconciliation → Purchases of property and equipment: $32,000,000.00investing reconciliation → Net purchases of strategic investments: $11,000,000.00Net cash used in financing activities → financing reconciliation: $332,000,000.00Remaining financing cash flows, net (calculated) → financing reconciliation: $398,000,000.00Proceeds from issuance of common stock → financing reconciliation: $20,000,000.00financing reconciliation → Payments on debt obligations: $750,000,000.00Exchange-rate effect → Cash sources and uses: $6,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $920,000,000.00Net cash from operating activities → Cash sources and uses: $316,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $869,000,000.00Cash sources and uses → Net cash used in investing activities: $41,000,000.00Cash sources and uses → Net cash used in financing activities: $332,000,000.00Net income (loss): $704,000,000.00Net income (loss)+$704.00 MDepreciation expense: $54,000,000.00Depreciation expense+$54.00 MAmortization of intangible assets: $16,000,000.00Intangible amortization+$16.00 MShare-based compensation expense: $83,000,000.00Stock-based compensation+$83.00 MDeferred income taxes: $19,000,000.00Deferred tax balances+$19.00 MNet losses on strategic investments: $12,000,000.00Investment gain & loss, net+$12.00 MGain on Helix contingent value right: -$4,000,000.00Gain on Helix contingent value right−$4.00 MChange in fair value of contingent consideration liabilities: -$49,000,000.00Contingent consideration change−$49.00 MOther: $22,000,000.00Other non-cash items+$22.00 MAccounts receivable: -$52,000,000.00Accounts receivable−$52.00 MInventory: -$13,000,000.00Inventories−$13.00 MPrepaid expenses and other current assets: $5,000,000.00Prepaid & other assets+$5.00 MOperating lease right-of-use assets and liabilities, net: -$7,000,000.00Lease right-of-use, net−$7.00 MOther assets: -$5,000,000.00Other noncurrent assets−$5.00 MAccounts payable: -$5,000,000.00Accounts payable−$5.00 MAccrued liabilities: -$489,000,000.00Accrued liabilities−$489.00 MOther long-term liabilities: $25,000,000.00Other noncurrent liabilities+$25.00 MProperty and equipment and right-of-use asset impairment: $0.00Goodwill and intangible (IPR&D) impairment: $0.00Net cash from operating activities: $316,000,000.00Operating cash+$316.00 MOperating adjustments reconciliation: $624,000,000.00Taxes paid related to net share settlement of equity awards: -$0.00GRAIL cash deconsolidated as a result of spin-off: -$0.00Proceeds from issuance of common stock: $20,000,000.00Common stock issued+$20.00 MPayments on debt obligations: -$750,000,000.00Convertible debt repaid−$750.00 MPayments on contingent consideration liabilities: -$0.00Remaining financing cash flows, net (calculated): $398,000,000.00Remaining financing (calculated)+$398.00 MNet cash used in financing activities: -$332,000,000.00. Cash required to fund net payments.Financing cash−$332.00 Mfinancing reconciliation: $750,000,000.00Net purchases of strategic investments: -$11,000,000.00Net purchases of strategic investments−$11.00 MPurchases of property and equipment: -$32,000,000.00PP&E purchases−$32.00 MCash paid for acquisitions and intangible assets, net of cash acquired: -$81,000,000.00Acquisitions, net of cash−$81.00 MCash received for Helix contingent value right: $83,000,000.00Intangible asset sales+$83.00 MNet cash used in investing activities: -$41,000,000.00. Cash required to fund net payments.Investing cash−$41.00 Minvesting reconciliation: $124,000,000.00Cash sources and uses: $1,242,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $920,000,000.00Beginning cash$920.00 MEnding cash: Cash, cash equivalents, and restricted cash: $869,000,000.00Ending cash$869.00 MExchange-rate effect: $6,000,000.00FX effect+$6.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$284.00 MOperating cash − cash spent on PP&ECash flow / Net income0.45×Operating cash flow ÷ net incomeNet cash change−$51.00 MEnding cash − beginning cash
Chart details

Illumina, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024

Cash flows for Jul 1, 2024 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
920,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
316,000,000 US dollars. Net cash provided.
Net income (loss)
704,000,000 US dollars
Depreciation expense
54,000,000 US dollars
Amortization of intangible assets
16,000,000 US dollars
Share-based compensation expense
83,000,000 US dollars
Deferred income taxes
19,000,000 US dollars
Net losses on strategic investments
12,000,000 US dollars
Gain on Helix contingent value right
negative 4,000,000 US dollars
Change in fair value of contingent consideration liabilities
negative 49,000,000 US dollars
Other
22,000,000 US dollars
Accounts receivable
negative 52,000,000 US dollars
Inventory
negative 13,000,000 US dollars
Prepaid expenses and other current assets
5,000,000 US dollars
Operating lease right-of-use assets and liabilities, net
negative 7,000,000 US dollars
Other assets
negative 5,000,000 US dollars
Accounts payable
negative 5,000,000 US dollars
Accrued liabilities
negative 489,000,000 US dollars
Other long-term liabilities
25,000,000 US dollars
Property and equipment and right-of-use asset impairment
0 US dollars
Goodwill and intangible (IPR&D) impairment
0 US dollars
Investing activities
negative 41,000,000 US dollars. Net cash used.
Net purchases of strategic investments
negative 11,000,000 US dollars
Purchases of property and equipment
negative 32,000,000 US dollars
Cash paid for acquisitions and intangible assets, net of cash acquired
negative 81,000,000 US dollars
Cash received for Helix contingent value right
83,000,000 US dollars
Financing activities
negative 332,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Borrowings on delayed draw term loan, net of issuance costs), so Common stock repurchases and Proceeds from debt, net of issuance costs cannot be separated for this quarter. It may combine inflows and outflows.
Taxes paid related to net share settlement of equity awards
0 US dollars
GRAIL cash deconsolidated as a result of spin-off
0 US dollars
Proceeds from issuance of common stock
20,000,000 US dollars
Payments on debt obligations
negative 750,000,000 US dollars
Payments on contingent consideration liabilities
0 US dollars
Remaining financing cash flows, net (calculated)
398,000,000 US dollars
Operating adjustment reconciliation
624,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
750,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
124,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
6,000,000 US dollars
Ending cash on Sep 29, 2024
869,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,242,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 51,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.45×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
316,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
32,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
284,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $316.00M of net income directly to operating cash and $388.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $704.00 M, derived by subtracting the earlier cumulative period; the income statement reports $705.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 316,000,000 US dollars minus 32,000,000 US dollars equals 284,000,000 US dollars.
  • Cash-flow net income is $704.00 M, derived by subtracting the earlier cumulative period; the income statement reports $705.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
Illumina, Inc. (ILMN) FY2024 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!