Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Illumina Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2020	Dec 29, 2019	Dec 30, 2018	Dec 31, 2017	Dec 31, 2016
Accounts payable	192)	149)	184)	160)	138)
Contract liabilities, current portion	186)	167)	175)	150)	141)
Accrued compensation expenses	153)	154)	193)	177)	112)
Accrued taxes payable	68)	86)	82)	50)	32)
Operating lease liabilities, current portion	51)	45)	—)	—)	—)
Other, including warranties	83)	64)	63)	55)	58)
Accrued liabilities	541)	516)	513)	432)	343)
Build-to-suit lease liability	—)	—)	—)	144)	223)
Long-term debt, current portion	511)	—)	1,107)	10)	1)
Current liabilities	1,244)	665)	1,804)	746)	705)
Operating lease liabilities, excluding current portion	671)	695)	—)	—)	—)
Long-term debt, excluding current portion	673)	1,141)	890)	1,182)	1,048)
Other long-term liabilities	303)	202)	359)	360)	214)
Long-term liabilities	1,647)	2,038)	1,249)	1,542)	1,262)
Total liabilities	2,891)	2,703)	3,053)	2,288)	1,966)
Redeemable noncontrolling interests	—)	—)	61)	220)	44)
Preferred stock, $0.01 par value; no shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value	2)	2)	2)	2)	2)
Additional paid-in capital	3,815)	3,560)	3,290)	2,833)	2,733)
Accumulated other comprehensive income (loss)	2)	5)	(1)	(1)	(1)
Retained earnings	4,723)	4,067)	3,083)	2,256)	1,485)
Treasury stock	(3,848)	(3,021)	(2,616)	(2,341)	(2,022)
Total Illumina stockholders’ equity	4,694)	4,613)	3,758)	2,749)	2,197)
Noncontrolling interests	—)	—)	87)	—)	73)
Total stockholders’ equity	4,694)	4,613)	3,845)	2,749)	2,270)
Total liabilities and stockholders’ equity	7,585)	7,316)	6,959)	5,257)	4,281)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Illumina Inc. current liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Illumina Inc. long-term liabilities increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Illumina Inc. total liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
Total Illumina stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Illumina Inc. total Illumina stockholders’ equity increased from 2018 to 2019 and from 2019 to 2020.

Illumina Inc. (NASDAQ:ILMN)

Balance Sheet: Liabilities and Stockholders’ Equity