ILLUMINA INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 16, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
11. Segments and Geographic Data
Reportable Segment Information
We havetwo reportable segments, Core Illumina and GRAIL. We do not allocate expenses between segments. Additionally, our CODM does not evaluate our operating segments using discrete asset information.
On August 18, 2021, we acquired GRAIL and it operates as a separate reportable segment. We have included the results of operations of GRAIL in our consolidated statements of operations from the date of acquisition. Core Illumina sells products and provides services to GRAIL, and vice versa, in accordance with contractual agreements between the entities.
Core Illumina:
Core Illumina’s products and services serve customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. Core Illumina includes all of our operations, excluding the results of GRAIL.
GRAIL:
GRAIL is a healthcare company focused on early detection of multiple cancers.
| In millions | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue: | |||
| Core Illumina | $4,438 | $4,553 | $4,519 |
| GRAIL | 93 | 55 | 12 |
| Eliminations | (27) | (24) | (5) |
| Consolidated revenue | $4,504 | $4,584 | $4,526 |
| Depreciation and amortization: | |||
| Core Illumina | $273 | $240 | $200 |
| GRAIL | 159 | 154 | 51 |
| Consolidated depreciation and amortization | $432 | $394 | $251 |
| Income (loss) from operations: | |||
| Core Illumina | $552 | $481 | $808 |
| GRAIL | (1,621) | (4,657) | (931) |
| Eliminations | — | (3) | — |
| Consolidated (loss) income from operations | $(1,069) | $(4,179) | $(123) |
| Capital expenditures: | |||
| Core Illumina | $183 | $262 | $201 |
| GRAIL | 13 | 24 | 8 |
| Eliminations | (1) | — | (1) |
| Consolidated capital expenditures | $195 | $286 | $208 |
Total other (expense) income, net primarily relates to Core Illumina and we do not allocate income taxes to our segments.
Geographic Data
Net long-lived assets, consisting of property and equipment and operating lease right-of-use assets, by region, were as follows:
| In millions | December 31,2023 | January 1,2023 |
|---|---|---|
| United States | $1,040 | $1,237 |
| Singapore | 298 | 290 |
| United Kingdom | 136 | 149 |
| Other countries | 77 | 68 |
| Total net long-lived assets | $1,551 | $1,744 |
Refer to note “2. Revenue” for revenue by geographic area.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.