ILLUMINA INC
For the period ended Dec 29, 2024. Filed Feb 12, 2025.
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FY2024 · Filed Feb 12, 2025
ILMN$214.91-2.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| ILLUMINA, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions) | |||
|---|---|---|---|
| Years Ended | |||
| December 29,2024 | December 31,2023 | January 1,2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(1,223) | $(1,161) | $(4,404) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation expense | 224 | 235 | 215 |
| Amortization of intangible assets | 130 | 197 | 179 |
| Share-based compensation expense | 370 | 380 | 366 |
| Deferred income taxes | (112) | (33) | (23) |
| Net losses on strategic investments | 312 | 40 | 122 |
| Change in fair value of contingent consideration liabilities | (315) | (24) | (205) |
| (Gain) loss on Helix contingent value right | (15) | (10) | 7 |
| Goodwill and intangible (IPR&D) impairment | 1,889 | 827 | 3,914 |
| Property and equipment and right-of-use asset impairment | 46 | 100 | 9 |
| Other | 14 | 17 | 8 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (25) | (40) | (12) |
| Inventory | 19 | (20) | (135) |
| Prepaid expenses and other current assets | (14) | 11 | 16 |
| Operating lease right-of-use assets and liabilities, net | (32) | (16) | (8) |
| Other assets | (15) | 5 | 19 |
| Accounts payable | (4) | (44) | (38) |
| Accrued liabilities | (440) | 15 | 381 |
| Other long-term liabilities | 28 | (1) | (19) |
| Net cash provided by operating activities | 837 | 478 | 392 |
| Cash flows from investing activities: | |||
| Net purchases of property and equipment | (128) | (195) | (286) |
| Net purchases of strategic investments | (52) | (6) | (40) |
| Cash paid for acquisitions and intangible assets, net of cash acquired | (81) | (30) | (265) |
| Cash received for Helix contingent value right | 83 | — | — |
| Net cash used in investing activities | (178) | (231) | (591) |
| Cash flows from financing activities: | |||
| Proceeds from debt, net of issuance costs | 1,241 | (1) | 991 |
| Payments on debt obligations | (750) | (1,235) | — |
| Payments on contingent consideration liabilities | (1) | (1) | — |
| Proceeds from issuance of common stock | 56 | 67 | 63 |
| Taxes paid related to net share settlement of equity awards | (32) | (40) | (54) |
| Common stock repurchases | (116) | — | — |
| GRAIL cash deconsolidated as a result of spin-off | (968) | — | — |
| Net cash (used in) provided by financing activities | (570) | (1,210) | 1,000 |
| Effect of exchange rate changes on cash and cash equivalents | (10) | — | (22) |
| Net increase (decrease) in cash and cash equivalents | 79 | (963) | 779 |
| Cash and cash equivalents at beginning of year | 1,048 | 2,011 | 1,232 |
| Cash and cash equivalents at end of year | $1,127 | $1,048 | $2,011 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $83 | $73 | $17 |
| Cash paid for income taxes | $105 | $65 | $122 |
| Cash paid for operating lease liabilities | $132 | $123 | $112 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $4 | $12 | $16 |
| GRAIL net assets, excluding cash and cash equivalents, deconsolidated as a result of spin-off | $1,770 | $— | $— |
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