Stock Analysis on Net

Illumina Inc. (NASDAQ:ILMN)

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

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Current Assets

Illumina Inc., adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Current assets 4,483 4,451 4,490 2,980 2,318
Adjustments
Add: Allowance for doubtful accounts 4 2 2 3 4
After Adjustment
Adjusted current assets 4,487 4,453 4,492 2,983 2,322

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).


Adjustments to Total Assets

Illumina Inc., adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Total assets 7,585 7,316 6,959 5,257 4,281
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 602 604 523
Add: Allowance for doubtful accounts 4 2 2 3 4
Less: Deferred tax assets, net2 20 64 70 88 123
After Adjustment
Adjusted total assets 7,569 7,254 7,493 5,776 4,685

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets, net. See details »


Adjustments to Total Liabilities

Illumina Inc., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Total liabilities 2,891 2,703 3,053 2,288 1,966
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 602 604 523
Less: Deferred tax liabilities2 73 1 1
Less: Reserve for product warranties 13 14 19 17 13
After Adjustment
Adjusted total liabilities 2,805 2,688 3,636 2,875 2,475

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Illumina Inc., adjusted total Illumina stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Total Illumina stockholders’ equity 4,694 4,613 3,758 2,749 2,197
Adjustments
Less: Deferred tax assets (liabilities), net1 (53) 63 70 88 122
Add: Allowance for doubtful accounts 4 2 2 3 4
Add: Reserve for product warranties 13 14 19 17 13
Add: Redeemable noncontrolling interests 61 220 44
Add: Noncontrolling interests 87 73
After Adjustment
Adjusted total stockholders’ equity 4,764 4,566 3,857 2,901 2,209

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).

1 Deferred tax assets (liabilities), net. See details »


Adjustments to Capitalization Table

Illumina Inc., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Build-to-suit lease liability 144 223
Long-term debt, current portion 511 1,107 10 1
Long-term debt, excluding current portion 673 1,141 890 1,182 1,048
Total reported debt 1,184 1,141 1,997 1,336 1,272
Total Illumina stockholders’ equity 4,694 4,613 3,758 2,749 2,197
Total reported capital 5,878 5,754 5,755 4,085 3,469
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 602 604 523
Add: Operating lease liabilities, current portion2 51 45
Add: Operating lease liabilities, excluding current portion3 671 695
Adjusted total debt 1,906 1,881 2,599 1,940 1,795
Adjustments to Equity
Less: Deferred tax assets (liabilities), net4 (53) 63 70 88 122
Add: Allowance for doubtful accounts 4 2 2 3 4
Add: Reserve for product warranties 13 14 19 17 13
Add: Redeemable noncontrolling interests 61 220 44
Add: Noncontrolling interests 87 73
Adjusted total stockholders’ equity 4,764 4,566 3,857 2,901 2,209
After Adjustment
Adjusted total capital 6,670 6,447 6,456 4,841 4,004

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liabilities, current portion. See details »

3 Operating lease liabilities, excluding current portion. See details »

4 Deferred tax assets (liabilities), net. See details »


Adjustments to Reported Income

Illumina Inc., adjusted net income attributable to Illumina stockholders

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Net income attributable to Illumina stockholders 656 1,002 826 726 463
Adjustments
Add: Deferred income tax expense (benefit)1 117 5 (18) 34 7
Add: Increase (decrease) in allowance for doubtful accounts 2 (1) (1) (4)
Add: Increase (decrease) in reserve for product warranties (1) (5) 2 4 (3)
Add: Other consolidated comprehensive income (loss) (3) 6 (1)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest (12) (44) (48) (35)
After Adjustment
Adjusted consolidated net income 771 996 765 715 426

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).

1 Deferred income tax expense (benefit). See details »