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.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Illumina Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016
Accounts payable
Accrued liabilities
Build-to-suit lease liability
Convertible senior notes, current portion
Current liabilities
Operating lease liabilities, excluding current portion
Term notes
Convertible senior notes, excluding current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Treasury stock, at cost
Total Illumina stockholders’ equity
Noncontrolling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-30), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03).


Current Liabilities
The current liabilities exhibit variability over the periods, starting at 481 million USD in early 2016 and peaking at 1,804 million USD by the end of 2018. Following this peak, there is a noticeable decrease to 612 million USD in mid-2019 before rising again to reach 1,268 million USD by mid-2021. This fluctuation suggests changes in short-term obligations or working capital management, with a significant increase in late 2018 that may reflect operational or financing activities.
Accounts Payable and Accrued Liabilities
Accounts payable show moderate fluctuation around the 130 to 250 million USD range, with an upward movement from 130 million USD in the first quarter of 2020 to 248 million USD by the third quarter of 2021. Accrued liabilities generally trend upwards throughout the period, rising from 327 million USD in early 2016 to 666 million USD by late 2021, with some volatility. This may indicate increasing accrued expenses correlating with the company's scale of operations or seasonality in expense recognition.
Long-term Liabilities
Long-term liabilities start at approximately 1,208 million USD in early 2016, increasing steadily over the years to reach 3,556 million USD by the third quarter of 2021. The two main components, convertible senior notes (both current and non-current portions) and other long-term liabilities, contribute to this increase. There is a notable decrease in convertible senior notes in the 2018 periods, which corresponds with a rise later, suggesting refinancing or new issuances. Additionally, the appearance and gradual increase of operating lease liabilities from 2018 onwards reflect recognition related to accounting standard changes affecting lease obligations.
Total Liabilities
Total liabilities grow consistently from 1,689 million USD in early 2016 to 4,470 million USD by late 2021, with fluctuations in between. The growth aligns with expanding long-term liabilities and the rise and fall of current liabilities. This increasing leverage could be linked to the company's expansion plans or restructuring of its capital.
Stockholders’ Equity
Stockholders’ equity also shows a general upward trajectory, from around 2,071 million USD in early 2016 to 10,593 million USD by the third quarter of 2021. This growth is primarily driven by increases in additional paid-in capital and retained earnings. The retained earnings steadily increase over time, evidencing consistent profitability or accumulation of earnings. Additional paid-in capital experiences a marked jump in the final period analyzed, rising significantly to 8,849 million USD, indicating a possible capital raise or accounting reclassification.
Treasury Stock
Treasury stock, recorded at cost, trends negatively, increasing in absolute terms from -1,743 million USD in early 2016 to -3,878 million USD by mid-2021, then slightly improving to -3,643 million USD by late 2021. This indicates ongoing repurchases of the company's own shares over time, which may be part of capital management or shareholder return strategies.
Lease Liabilities
Operating lease liabilities become visible starting in early 2019, with values around 718 million USD, gradually declining to about 664 million USD by the end of 2020, and then rising again to 784 million USD by the third quarter of 2021. The initial recognition and subsequent adjustments align with the implementation of new lease accounting standards, impacting the liabilities reported.
Key Observations
The data reflect a company experiencing growth in both liabilities and equity, with increasing use of long-term debt instruments, including convertible senior notes, and a significant rise in stockholders’ equity. The trends suggest active capital structure management, including share repurchases and possible capital infusions. The introduction and growth of lease liabilities point to changes in accounting policies rather than operational shifts alone. Short-term liabilities show volatility, potentially due to operational cycles or financing strategies, while the steady growth in retained earnings supports financial stability and profitability over the examined period.