ILLUMINA INC

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

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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

ILMN$214.91-2.7%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

ILLUMINA, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)
	Years Ended
	December 31,2023	January 1,2023	January 2,2022
Cash flows from operating activities:
Net (loss) income	$(1,161)	$(4,404)	$762
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation expense	235	215	176
Amortization of intangible assets	197	179	75
Share-based compensation expense	380	366	754
Accretion of debt discount on convertible senior notes	—	—	32
Deferred income taxes	(33)	(23)	(76)
Goodwill and intangible (IPR&D) impairment	827	3,914	—
Gain on previously held investment in GRAIL	—	—	(899)
Gain on exchange of GRAIL contingent value rights	—	—	(86)
Net losses (gains) on strategic investments	40	122	(18)
(Gain) loss on Helix contingent value right	(10)	7	(30)
Payment of accreted debt discount	(15)	—	—
Gain on derivative assets related to terminated acquisition	—	—	(26)
Property and equipment and right-of-use asset impairment	100	9	6
Change in fair value of contingent consideration liabilities	(24)	(205)	4
Unrealized loss on foreign exchange translation	22	1	—
Other	10	7	23
Changes in operating assets and liabilities:
Accounts receivable	(40)	(12)	(164)
Inventory	(20)	(135)	(58)
Prepaid expenses and other current assets	11	16	(64)
Operating lease right-of-use assets and liabilities, net	(16)	(8)	(13)
Other assets	5	19	(27)
Accounts payable	(44)	(38)	60
Accrued liabilities	15	381	101
Other long-term liabilities	(1)	(19)	13
Net cash provided by operating activities	478	392	545
Cash flows from investing activities:
Maturities of available-for-sale securities	—	—	331
Purchases of available-for-sale securities	—	—	(77)
Sales of available-for-sale securities	—	—	1,031
Purchases of property and equipment	(195)	(286)	(208)
Net (purchases) sales of strategic investments	(6)	(40)	246
Cash received for derivative assets related to terminated acquisition	—	—	52
Net cash paid for acquisitions	(29)	(85)	(2,444)
Cash paid for intangible asset	(1)	(180)	—
Net cash used in investing activities	(231)	(591)	(1,069)
Cash flows from financing activities:
Debt issuance costs paid for credit facility	(1)	—	—
Payments on financing obligations	(1,235)	—	(517)
Payments on contingent consideration liabilities	(1)	—	(71)
Net proceeds from issuance of debt	—	991	988
Proceeds from issuance of common stock	67	63	60
Taxes paid related to net share settlement of equity awards	(40)	(54)	(511)
Net cash (used in) provided by financing activities	(1,210)	1,000	(51)
Effect of exchange rate changes on cash and cash equivalents	—	(22)	(3)
Net (decrease) increase in cash and cash equivalents	(963)	779	(578)
Cash and cash equivalents at beginning of year	2,011	1,232	1,810
Cash and cash equivalents at end of year	$1,048	$2,011	$1,232
Supplemental cash flow information:
Cash paid for interest	$73	$17	$9
Cash paid for income taxes	$65	$122	$233
Cash paid for operating lease liabilities	$123	$112	$96
See accompanying notes to consolidated financial statements.

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