ILLUMINA INC
For the period ended Sep 29, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Nov 6, 2024
ILMN$214.91-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In millions, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 29,2024 | October 1,2023 | September 29,2024 | October 1,2023 | |
| Revenue: | ||||
| Product revenue | $914 | $941 | $2,718 | $2,864 |
| Service and other revenue | 166 | 178 | 550 | 518 |
| Total revenue | 1,080 | 1,119 | 3,268 | 3,382 |
| Cost of revenue: | ||||
| Cost of product revenue | 235 | 293 | 739 | 884 |
| Cost of service and other revenue | 84 | 95 | 286 | 285 |
| Amortization of acquired intangible assets | 16 | 47 | 110 | 143 |
| Total cost of revenue | 335 | 435 | 1,135 | 1,312 |
| Gross profit | 745 | 684 | 2,133 | 2,070 |
| Operating expense: | ||||
| Research and development | 253 | 315 | 913 | 1,013 |
| Selling, general and administrative | 239 | 303 | 813 | 1,127 |
| Goodwill and intangible impairment | — | 821 | 1,889 | 821 |
| Legal contingency and settlement | (488) | (1) | (474) | 14 |
| Total operating expense | 4 | 1,438 | 3,141 | 2,975 |
| Income (loss) from operations | 741 | (754) | (1,008) | (905) |
| Other income (expense): | ||||
| Interest income | 11 | 13 | 36 | 47 |
| Interest expense | (36) | (19) | (75) | (59) |
| Other income (expense), net | 4 | (22) | (319) | (33) |
| Total other expense, net | (21) | (28) | (358) | (45) |
| Income (loss) before income taxes | 720 | (782) | (1,366) | (950) |
| Provision (benefit) for income taxes | 15 | (28) | 44 | 36 |
| Net income (loss) | $705 | $(754) | $(1,410) | $(986) |
| Earnings (loss) per share: | ||||
| Basic | $4.43 | $(4.77) | $(8.86) | $(6.23) |
| Diluted | $4.42 | $(4.77) | $(8.86) | $(6.23) |
| Shares used in computing earnings (loss) per share: | ||||
| Basic | 159 | 158 | 159 | 158 |
| Diluted | 160 | 158 | 159 | 158 |
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