Stock Analysis on Net

Illumina Inc. (NASDAQ:ILMN)

$22.49

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

Common-Size Balance Sheet: Assets

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Illumina Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventory
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets
Goodwill
Intangible assets, net
Deferred tax assets, net
Other assets
Long-term assets
Total assets

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).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited fluctuations over the five-year period. It increased from 17.16% in 2016 to a peak of 27.91% in 2019, followed by a decrease to 23.86% in 2020. This indicates a generally strong liquidity position with notable variation.
Short-term investments
Short-term investments as a percentage of total assets showed considerable volatility. They decreased slightly from 19.25% in 2016 to 17.5% in 2017, then surged significantly to 34.03% in 2018, before dropping back to 18.75% in 2019 and slightly increasing again to 21.91% in 2020. This pattern suggests active portfolio management or changes in investment strategy.
Accounts receivable, net
The accounts receivable ratio steadily declined from 8.91% in 2016 to 6.42% in 2020. This downward trend may reflect improving collections or sales terms that reduce outstanding receivables.
Inventory
Inventory as a portion of total assets consistently decreased from 7.01% in 2016 to 4.9% in 2020. This decline suggests greater inventory management efficiency or a shift in operating focus that requires less inventory investment.
Prepaid expenses and other current assets
There was a slight overall increase in prepaid expenses and other current assets, rising from 1.82% in 2016 to 2.0% in 2020, with some variation in between. The increase may indicate changes in operating prepayments or asset reclassification.
Current assets
Current assets as a percentage of total assets increased sharply from 54.15% in 2016 to a peak of 64.52% in 2018, before decreasing to 59.1% by 2020. This suggests a shift towards more liquid or short-term asset holdings during the middle years, followed by slight stabilization.
Property and equipment, net
This component showed a declining trend from 16.66% in 2016 to 12.16% in 2020, signifying possible asset disposals, depreciation outpacing additions, or a reduced need for physical capital investment.
Operating lease right-of-use assets
Data became available starting in 2019, with right-of-use assets accounting for 7.59% of total assets in 2019 and decreasing slightly to 7.01% in 2020. This reflects adoption of new lease accounting standards and ongoing recognition of leased assets.
Goodwill
Goodwill as a percentage of total assets declined from 18.13% in 2016 to 11.26% in 2019, before a slight increase to 11.83% in 2020. The initial decline could indicate impairment or amortization, while the 2020 increase might reflect acquisitions or revaluations.
Intangible assets, net
Intangible assets steadily decreased from 5.67% in 2016 to 1.87% in 2020, indicating amortization or impairment of these assets over time with limited replenishment.
Deferred tax assets, net
Deferred tax assets declined consistently from 2.88% in 2016 to 0.26% in 2020, suggesting recognition of less deferred tax benefits, possibly due to changes in tax positions or profitability.
Other assets
Other assets showed a general upward trend, increasing from 2.5% in 2016 to 7.77% in 2020. This increase may indicate a growing proportion of miscellaneous or less conventional asset types within the balance sheet.
Long-term assets
The share of long-term assets decreased from 45.85% in 2016 to 35.48% in 2018, then increased to 40.9% by 2020. This reflects fluctuations in investment and asset composition between long-term and current categories.
Total assets
As expected, total assets remain constant at 100% across all periods, serving as a normalization base for relative comparisons.