Analysis of Debt
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- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Total Debt (Carrying Amount)
Illumina Inc., balance sheet: debt
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Build-to-suit lease liability | ||||||
| Long-term debt, current portion | ||||||
| Long-term debt, excluding current portion | ||||||
| Total debt (carrying amount) |
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).
- Build-to-suit lease liability
- The build-to-suit lease liability displays a declining trend from 223 million USD in 2016 to 144 million USD in 2017, with no data available for subsequent years. This suggests a reduction or elimination of this liability category after 2017.
- Long-term debt, current portion
- This liability category shows a significant increase from 1 million USD in 2016 to 10 million USD in 2017, and then sharply rises to 1,107 million USD in 2018. No data is reported for 2019, followed by a decrease to 511 million USD in 2020. The large spike in 2018 followed by a reduction hints at a notable restructuring or repayment activity involving the current portion of long-term debt.
- Long-term debt, excluding current portion
- The long-term debt excluding the current portion fluctuates over the analyzed years. It appreciates from 1,048 million USD in 2016 to 1,182 million USD in 2017, then declines to 890 million USD in 2018. It rises again to 1,141 million USD in 2019 before decreasing to 673 million USD in 2020. This pattern indicates periods of both debt issuance and repayment or refinancing, reflecting active debt management.
- Total debt (carrying amount)
- Total debt exhibits variability during the years under review. Starting at 1,272 million USD in 2016, it increases moderately to 1,336 million USD in 2017, then surges to 1,997 million USD in 2018. Thereafter, it drops sharply to 1,141 million USD in 2019 and slightly increases to 1,184 million USD in 2020. The peak in 2018 aligns with the surge in current portion of long-term debt, suggesting significant borrowing or refinancing in that year followed by partial repayment or restructuring.
Total Debt (Fair Value)
| Dec 31, 2020 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Build-to-suit lease liability | |
| Convertible senior notes outstanding | |
| Obligations under financing leases | |
| Other | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
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:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2020-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =