Analysis of Debt
Total Debt (Carrying Amount)
Illumina Inc., balance sheet: debt
US$ in millions
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)
| 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%