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

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

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

US$ in millions

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Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Jan 1, 2017 Jan 3, 2016
Accounts payable 149  184  160  138  139 
Contract liabilities, current portion 167  175  150  141  118 
Accrued compensation expenses 154  193  177  112  121 
Accrued taxes payable 86  82  50  32  44 
Operating lease liabilities, current portion 45  —  —  —  — 
Other, including warranties 64  63  55  58  104 
Accrued liabilities 516  513  432  343  387 
Build-to-suit lease liability —  —  144  223 
Long-term debt, current portion —  1,107  10  75 
Current liabilities 665  1,804  746  705  610 
Operating lease liabilities, excluding current portion 695  —  —  —  — 
Long-term debt, excluding current portion 1,141  890  1,182  1,048  1,016 
Other long-term liabilities 202  359  360  214  181 
Long-term liabilities 2,038  1,249  1,542  1,262  1,196 
Total liabilities 2,703  3,053  2,288  1,966  1,807 
Redeemable noncontrolling interests —  61  220  44  33 
Preferred stock, $0.01 par value; no shares issued and outstanding —  —  —  —  — 
Common stock, $0.01 par value
Additional paid-in capital 3,560  3,290  2,833  2,733  2,498 
Accumulated other comprehensive income (loss) (1) (1) (1) — 
Retained earnings 4,067  3,083  2,256  1,485  1,023 
Treasury stock (3,021) (2,616) (2,341) (2,022) (1,674)
Total Illumina stockholders’ equity 4,613  3,758  2,749  2,197  1,849 
Noncontrolling interests —  87  —  73  — 
Total stockholders’ equity 4,613  3,845  2,749  2,270  1,849 
Total liabilities and stockholders’ equity 7,316  6,959  5,257  4,281  3,688 

Based on: 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), 10-K (filing date: 2016-03-02).

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.’s current liabilities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Illumina Inc.’s long-term liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
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.’s total liabilities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
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’s 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.’s total Illumina stockholders’ equity increased from 2017 to 2018 and from 2018 to 2019.