Stock Analysis on Net

Illumina Inc. (NASDAQ:ILMN)

This company has been moved to the archive! The financial data has not been updated since November 5, 2021.

Analysis of Debt 

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Total Debt (Carrying Amount)

Illumina Inc., balance sheet: debt

US$ in millions

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Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Build-to-suit lease liability 144 223
Long-term debt, current portion 511 1,107 10 1
Long-term debt, excluding current portion 673 1,141 890 1,182 1,048
Total debt (carrying amount) 1,184 1,141 1,997 1,336 1,272

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Illumina Inc. total debt decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Total Debt (Fair Value)

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Dec 31, 2020
Selected Financial Data (US$ in millions)
Build-to-suit lease liability
Convertible senior notes outstanding 1,595
Obligations under financing leases
Other
Total debt (fair value) 1,595
Financial Ratio
Debt, fair value to carrying amount ratio 1.35

Based on: 10-K (reporting date: 2020-12-31).


Weighted-average Interest Rate on Debt

Weighted-average estimated implied interest rate on Convertible Senior Notes: 3.62%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
3.70% 750 28
3.50% 517 18
Total 1,267 46
3.62%

Based on: 10-K (reporting date: 2020-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 46 ÷ 1,267 = 3.62%