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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-29

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Illumina, Inc. cash flow reconciliation, Jan 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. 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.Goodwill and intangible (IPR&D) impairment → operating reconciliation: $1,889,000,000.00Net losses on strategic investments → operating reconciliation: $342,000,000.00Share-based compensation expense → operating reconciliation: $291,000,000.00Depreciation expense → operating reconciliation: $170,000,000.00Amortization of intangible assets → operating reconciliation: $113,000,000.00Property and equipment and right-of-use asset impairment → operating reconciliation: $32,000,000.00Accounts receivable → operating reconciliation: $20,000,000.00Other → operating reconciliation: $11,000,000.00operating reconciliation → Net cash from operating activities: $473,000,000.00operating reconciliation → Net income (loss): $1,410,000,000.00operating reconciliation → Accrued liabilities: $406,000,000.00operating reconciliation → Change in fair value of contingent consideration liabilities: $304,000,000.00operating reconciliation → Deferred income taxes: $161,000,000.00operating reconciliation → Accounts payable: $35,000,000.00operating reconciliation → Operating lease right-of-use assets and liabilities, net: $21,000,000.00operating reconciliation → Gain on Helix contingent value right: $15,000,000.00operating reconciliation → Other assets: $14,000,000.00operating reconciliation → Prepaid expenses and other current assets: $11,000,000.00operating reconciliation → Inventory: $9,000,000.00operating reconciliation → Other long-term liabilities: $9,000,000.00Cash received for Helix contingent value right → investing reconciliation: $83,000,000.00investing reconciliation → Purchases of property and equipment: $99,000,000.00investing reconciliation → Cash paid for acquisitions and intangible assets, net of cash acquired: $81,000,000.00investing reconciliation → Net purchases of strategic investments: $33,000,000.00Net cash used in financing activities → financing reconciliation: $523,000,000.00Proceeds from debt, net of issuance costs → financing reconciliation: $1,241,000,000.00Proceeds from issuance of common stock → financing reconciliation: $56,000,000.00financing reconciliation → GRAIL cash deconsolidated as a result of spin-off: $968,000,000.00financing reconciliation → Payments on debt obligations: $750,000,000.00financing reconciliation → Common stock repurchases: $99,000,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $2,000,000.00financing reconciliation → Payments on contingent consideration liabilities: $1,000,000.00Net cash used in investing activities → investing reconciliation: $130,000,000.00Exchange-rate effect → Cash sources and uses: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,048,000,000.00Net cash from operating activities → Cash sources and uses: $473,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $869,000,000.00Cash sources and uses → Net cash used in investing activities: $130,000,000.00Cash sources and uses → Net cash used in financing activities: $523,000,000.00Net income (loss): -$1,410,000,000.00Net income (loss)−$1.41 BDepreciation expense: $170,000,000.00Depreciation expense+$170.00 MAmortization of intangible assets: $113,000,000.00Intangible amortization+$113.00 MShare-based compensation expense: $291,000,000.00Stock-based compensation+$291.00 MDeferred income taxes: -$161,000,000.00Deferred tax balances−$161.00 MNet losses on strategic investments: $342,000,000.00Investment gain & loss, net+$342.00 MGain on Helix contingent value right: -$15,000,000.00Gain on Helix contingent value right−$15.00 MChange in fair value of contingent consideration liabilities: -$304,000,000.00Contingent consideration change−$304.00 MOther: $11,000,000.00Other non-cash items+$11.00 MAccounts receivable: $20,000,000.00Accounts receivable+$20.00 MInventory: -$9,000,000.00Inventories−$9.00 MPrepaid expenses and other current assets: -$11,000,000.00Prepaid & other assets−$11.00 MOperating lease right-of-use assets and liabilities, net: -$21,000,000.00Lease right-of-use, net−$21.00 MOther assets: -$14,000,000.00Other noncurrent assets−$14.00 MAccounts payable: -$35,000,000.00Accounts payable−$35.00 MAccrued liabilities: -$406,000,000.00Accrued liabilities−$406.00 MOther long-term liabilities: -$9,000,000.00Other noncurrent liabilities−$9.00 MProperty and equipment and right-of-use asset impairment: $32,000,000.00Property and equipment and right-of-use assetimpairment+$32.00 MGoodwill and intangible (IPR&D) impairment: $1,889,000,000.00Goodwill & intangible impairment+$1.89 BNet cash from operating activities: $473,000,000.00Operating cash+$473.00 Moperating reconciliation: $2,868,000,000.00Common stock repurchases: -$99,000,000.00Common stock repurchases−$99.00 MTaxes paid related to net share settlement of equity awards: -$2,000,000.00Stock-award tax withholding−$2.00 MProceeds from debt, net of issuance costs: $1,241,000,000.00Long-term debt issued+$1.24 BGRAIL cash deconsolidated as a result of spin-off: -$968,000,000.00GRAIL cash deconsolidated as a result of spin-off−$968.00 MProceeds from issuance of common stock: $56,000,000.00Common stock issued+$56.00 MPayments on debt obligations: -$750,000,000.00Convertible debt repaid−$750.00 MPayments on contingent consideration liabilities: -$1,000,000.00Acquisition-related payments−$1.00 MNet cash used in financing activities: -$523,000,000.00. Cash required to fund net payments.Financing cash−$523.00 Mfinancing reconciliation: $1,820,000,000.00Net purchases of strategic investments: -$33,000,000.00Net purchases of strategic investments−$33.00 MPurchases of property and equipment: -$99,000,000.00PP&E purchases−$99.00 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: -$130,000,000.00. Cash required to fund net payments.Investing cash−$130.00 Minvesting reconciliation: $213,000,000.00Cash sources and uses: $1,522,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,048,000,000.00Beginning cash$1.05 BEnding cash: Cash, cash equivalents, and restricted cash: $869,000,000.00Ending cash$869.00 MExchange-rate effect: $1,000,000.00FX effect+$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$1.41B + net operating adjustments $1.88B = operating cash +$473.00MFree cash flow$374.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$179.00 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2024 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
1,048,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
473,000,000 US dollars. Net cash provided.
Net income (loss)
negative 1,410,000,000 US dollars
Depreciation expense
170,000,000 US dollars
Amortization of intangible assets
113,000,000 US dollars
Share-based compensation expense
291,000,000 US dollars
Deferred income taxes
negative 161,000,000 US dollars
Net losses on strategic investments
342,000,000 US dollars
Gain on Helix contingent value right
negative 15,000,000 US dollars
Change in fair value of contingent consideration liabilities
negative 304,000,000 US dollars
Other
11,000,000 US dollars
Accounts receivable
20,000,000 US dollars
Inventory
negative 9,000,000 US dollars
Prepaid expenses and other current assets
negative 11,000,000 US dollars
Operating lease right-of-use assets and liabilities, net
negative 21,000,000 US dollars
Other assets
negative 14,000,000 US dollars
Accounts payable
negative 35,000,000 US dollars
Accrued liabilities
negative 406,000,000 US dollars
Other long-term liabilities
negative 9,000,000 US dollars
Property and equipment and right-of-use asset impairment
32,000,000 US dollars
Goodwill and intangible (IPR&D) impairment
1,889,000,000 US dollars
Investing activities
negative 130,000,000 US dollars. Net cash used.
Net purchases of strategic investments
negative 33,000,000 US dollars
Purchases of property and equipment
negative 99,000,000 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 523,000,000 US dollars. Net cash used.
Common stock repurchases
negative 99,000,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 2,000,000 US dollars
Proceeds from debt, net of issuance costs
1,241,000,000 US dollars
GRAIL cash deconsolidated as a result of spin-off
negative 968,000,000 US dollars
Proceeds from issuance of common stock
56,000,000 US dollars
Payments on debt obligations
negative 750,000,000 US dollars
Payments on contingent consideration liabilities
negative 1,000,000 US dollars
Operating adjustment reconciliation
2,868,000,000 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 gross reconciliation
1,820,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
213,000,000 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
1,000,000 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
1,522,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 179,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
473,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
99,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
374,000,000 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 loss −$1.41B + net operating adjustments $1.88B = operating cash +$473.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 473,000,000 US dollars minus 99,000,000 US dollars equals 374,000,000 US dollars.
Illumina, Inc. (ILMN) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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