ILLUMINA, INC.
For the period ended Jun 29, 2025. Filed Aug 1, 2025.
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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.
Jun 29, 2025 · Filed Aug 1, 2025
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 Cash Flows
| Six Months Ended | ||
|---|---|---|
| June 29,2025 | June 30,2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $366 | $(2,114) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense | 103 | 116 |
| Amortization of intangible assets | 34 | 97 |
| Share-based compensation expense | 142 | 208 |
| Deferred income taxes | 41 | (180) |
| Net (gains) losses on strategic investments | (133) | 330 |
| Change in fair value of contingent consideration liabilities | (32) | (255) |
| Gain on Helix contingent value right | — | (11) |
| Property and equipment and right-of-use asset impairment | — | 32 |
| Goodwill and intangible impairment | 23 | 1,889 |
| Other | 9 | (11) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 49 | 72 |
| Inventory | (28) | 4 |
| Prepaid expenses and other current assets | 11 | (16) |
| Operating lease right-of-use assets and liabilities, net | (17) | (14) |
| Other assets | (3) | (9) |
| Accounts payable | (26) | (30) |
| Accrued liabilities | (91) | 83 |
| Other long-term liabilities | 26 | (34) |
| Net cash provided by operating activities | 474 | 157 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (62) | (67) |
| Purchases of strategic investments | (43) | (22) |
| Cash paid for intangible assets | (7) | — |
| Net cash used in investing activities | (112) | (89) |
| Cash flows from financing activities: | ||
| Common stock repurchases | (570) | — |
| Taxes paid related to net share settlement of equity awards | (23) | (2) |
| Proceeds from issuance of common stock | 28 | 36 |
| Payments on contingent consideration liabilities | (1) | (1) |
| GRAIL cash deconsolidated as a result of spin-off | — | (968) |
| Borrowings on delayed draw term loan, net of issuance costs | — | 744 |
| Net cash used in financing activities | (566) | (191) |
| Effect of exchange rate changes on cash and cash equivalents | 11 | (5) |
| Net decrease in cash and cash equivalents | (193) | (128) |
| Cash and cash equivalents at beginning of period | 1,127 | 1,048 |
| Cash and cash equivalents at end of period | $934 | $920 |
| Supplemental cash flow information: | ||
| GRAIL net assets, excluding cash and cash equivalents, deconsolidated as a result of spin-off | $— | $1,770 |
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