Stock Analysis on Net
Stock Analysis on Net
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Illumina Inc. (NASDAQ:ILMN)

Common-Size Income Statement

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Illumina Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Product revenue 84.44 82.67 82.48 83.18 84.72
Service and other revenue 15.56 17.33 17.52 16.82 15.28
Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product revenue -24.33 -22.64 -22.14 -24.67 -22.27
Cost of service and other revenue -6.79 -6.77 -7.80 -7.56 -6.45
Amortization of acquired intangible assets -0.86 -0.96 -1.05 -1.42 -1.79
Cost of revenue -31.99% -30.37% -30.99% -33.65% -30.52%
Gross profit 68.01% 69.63% 69.01% 66.35% 69.48%
Research and development -21.06 -18.26 -18.69 -19.84 -21.03
Selling, general and administrative -29.05 -23.57 -23.82 -24.49 -24.37
Legal contingencies 0.00 0.00 0.00 0.00 0.40
Operating expense -50.11% -41.83% -42.51% -44.33% -45.01%
Income from operations 17.91% 27.80% 26.49% 22.02% 24.48%
Interest income 1.27 2.12 1.32 0.69 0.41
Interest expense -1.51 -1.47 -1.71 -1.34 -1.38
Other income (expense), net 8.77 3.10 0.72 16.53 -0.10
Other income (expense), net 8.52% 3.75% 0.33% 15.88% -1.08%
Income before income taxes 26.43% 31.56% 26.82% 37.90% 23.40%
Provision for income taxes -6.17 -3.61 -3.36 -13.26 -5.55
Consolidated net income 20.25% 27.94% 23.46% 24.64% 17.85%
Net loss attributable to noncontrolling interests 0.00 0.34 1.32 1.74 1.44
Net income attributable to Illumina stockholders 20.25% 28.28% 24.78% 26.38% 19.29%

Based on: 10-K (filing date: 2021-02-17), 10-K (filing date: 2020-02-11), 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Illumina Inc.’s income from operations as a percentage of revenue increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Illumina Inc.’s income before income taxes as a percentage of revenue increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Net income attributable to Illumina stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Illumina Inc.’s net income attributable to Illumina stockholders as a percentage of revenue increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.