ILLUMINA, INC.
For the period ended Dec 28, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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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Item 8. Consolidated Statements of Cash Flows
| ILLUMINA, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions) | |||
|---|---|---|---|
| Years Ended | |||
| December 28,2025 | December 29,2024 | December 31,2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $850 | $(1,223) | $(1,161) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation expense | 203 | 224 | 235 |
| Amortization of intangible assets | 67 | 130 | 197 |
| Share-based compensation expense | 275 | 370 | 380 |
| Deferred income taxes | 119 | (112) | (33) |
| Net (gains) losses on strategic investments | (328) | 312 | 40 |
| Change in fair value of contingent consideration liabilities | (18) | (315) | (24) |
| Goodwill and intangible impairment | 23 | 1,889 | 827 |
| Property and equipment and right-of-use asset impairment | 4 | 46 | 100 |
| Non-cash charitable contribution | 19 | — | — |
| Gain on Helix contingent value right | — | (15) | (10) |
| Other | 18 | 14 | 17 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (108) | (25) | (40) |
| Inventory | (17) | 19 | (20) |
| Prepaid expenses and other current assets | (8) | (14) | 11 |
| Operating lease right-of-use assets and liabilities, net | (34) | (32) | (16) |
| Other assets | (21) | (15) | 5 |
| Accounts payable | 2 | (4) | (44) |
| Accrued liabilities | — | (440) | 15 |
| Other long-term liabilities | 33 | 28 | (1) |
| Net cash provided by operating activities | 1,079 | 837 | 478 |
| Cash flows from investing activities: | |||
| Net purchases of property and equipment | (148) | (128) | (195) |
| Net sales (purchases) of strategic investments | 103 | (52) | (6) |
| Cash paid for acquisitions and intangible assets, net of cash acquired | (10) | (81) | (30) |
| Cash received for Helix contingent value right | — | 83 | — |
| Net cash used in investing activities | (55) | (178) | (231) |
| Cash flows from financing activities: | |||
| Common stock repurchases | (742) | (116) | — |
| Taxes paid related to net share settlement of equity awards | (40) | (32) | (40) |
| Proceeds from issuance of common stock | 44 | 56 | 67 |
| Payments on contingent consideration liabilities | (1) | (1) | (1) |
| Proceeds from debt, net of issuance costs | 495 | 1,241 | (1) |
| Payments on debt obligations | (500) | (750) | (1,235) |
| GRAIL cash deconsolidated as a result of spin-off | — | (968) | — |
| Net cash used in financing activities | (744) | (570) | (1,210) |
| Effect of exchange rate changes on cash and cash equivalents | 11 | (10) | — |
| Net increase (decrease) in cash and cash equivalents | 291 | 79 | (963) |
| Cash and cash equivalents at beginning of year | 1,127 | 1,048 | 2,011 |
| Cash and cash equivalents at end of year | $1,418 | $1,127 | $1,048 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $95 | $83 | $73 |
| Cash paid for income taxes (see Note 10) | $73 | $105 | $65 |
| Cash paid for operating lease liabilities | $114 | $132 | $123 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $22 | $4 | $12 |
| GRAIL net assets, excluding cash and cash equivalents, deconsolidated as a result of spin-off | $— | $1,770 | $— |
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