Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Illumina Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2020	Dec 29, 2019	Dec 30, 2018	Dec 31, 2017	Dec 31, 2016
Consolidated net income	656)	990)	782)	678)	428)
Depreciation expense	156)	151)	140)	110)	90)
Amortization of intangible assets	31)	37)	39)	46)	51)
Share-based compensation expense	194)	194)	193)	164)	129)
Accretion of debt discount	40)	46)	41)	30)	30)
Incremental tax benefit related to share-based compensation	—)	—)	—)	—)	(91)
Deferred income taxes	117)	11)	(18)	81)	94)
Payment of accreted debt discount	—)	(84)	—)	—)	—)
Unrealized gains on marketable equity securities	(270)	(53)	(21)	—)	—)
Gains on deconsolidation	—)	(54)	—)	(453)	—)
Loss on derivative assets related to terminated acquisition	116)	8)	—)	—)	—)
Impairment of intangible assets	—)	—)	—)	23)	—)
Other	(33)	(1)	4)	1)	2)
Accounts receivable	89)	(58)	(105)	(26)	3)
Inventory	(12)	25)	(53)	(33)	(30)
Prepaid expenses and other current assets	(20)	(14)	5)	8)	(1)
Operating lease right-of-use assets and liabilities, net	(11)	(5)	—)	—)	—)
Other assets	(33)	(30)	(9)	(5)	(7)
Accounts payable	40)	(35)	45)	10)	(2)
Accrued liabilities	(7)	(44)	103)	81)	(24)
Other long-term liabilities	27)	(33)	(4)	160)	16)
Changes in operating assets and liabilities	73)	(194)	(18)	195)	(45)
Adjustments to reconcile net income to net cash provided by operating activities	424)	61)	360)	197)	259)
Net cash provided by operating activities	1,080)	1,051)	1,142)	875)	687)
Maturities of available-for-sale securities	493)	1,387)	860)	321)	140)
Purchases of available-for-sale securities	(1,802)	(1,010)	(2,859)	(742)	(894)
Sales of available-for-sale securities	1,298)	629)	597)	322)	543)
Purchases of property and equipment	(189)	(209)	(296)	(310)	(260)
Net purchases of strategic investments	(124)	(20)	(15)	(29)	(14)
Cash paid for derivative assets related to terminated acquisition	(132)	(18)	—)	—)	—)
Deconsolidation of Helix and GRAIL cash	—)	(29)	—)	(52)	—)
Proceeds from the deconsolidation of GRAIL	—)	15)	—)	278)	—)
Net cash paid for acquisitions	(98)	—)	(100)	—)	(18)
Cash paid for intangible assets	—)	—)	—)	(2)	(11)
Net cash (used in) provided by investing activities	(554)	745)	(1,813)	(214)	(515)
Payments on financing obligations	—)	(550)	(4)	(9)	(66)
Net proceeds from issuance of debt	—)	—)	735)	5)	5)
Incremental tax benefit related to share-based compensation	—)	—)	—)	—)	91)
Common stock repurchases	(736)	(324)	(201)	(251)	(249)
Proceeds from issuance of common stock	61)	59)	46)	71)	48)
Taxes paid related to net share settlement of equity awards	(91)	(82)	(74)	(68)	(100)
Contributions from noncontrolling interest owners	—)	—)	92)	79)	89)
Payments on acquisition-related contingent consideration liability	—)	—)	—)	(3)	(29)
Proceeds from early exercise of equity awards from a subsidiary	—)	—)	—)	—)	7)
Net cash provided by (used in) financing activities	(766)	(897)	594)	(176)	(205)
Effect of exchange rate changes on cash and cash equivalents	8)	(1)	(4)	5)	(2)
Net increase (decrease) in cash and cash equivalents	(232)	898)	(81)	490)	(34)
Cash and cash equivalents at beginning of year	2,042)	1,144)	1,225)	735)	769)
Cash and cash equivalents at end of year	1,810)	2,042)	1,144)	1,225)	735)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Illumina Inc. net cash provided by operating activities decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Illumina Inc. net cash (used in) provided by investing activities increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Illumina Inc. net cash provided by (used in) financing activities decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Illumina Inc. (NASDAQ:ILMN)

Cash Flow Statement