Analysis of Reportable Segments
Illumina Inc. operates in 2 segments: Core Illumina and Helix.
Segment Profit Margin
Illumina Inc., profit margin by reportable segment
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 17.91% | 28.45% | 29.09% | 25.27% | 28.16% |
| Helix | — | -2,400.00% | -900.00% | -1,533.33% | — |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Core Illumina | Core Illumina segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Helix | Helix segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Core Illumina
Illumina Inc.; Core Illumina; segment profit margin calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | 580) | 1,008) | 970) | 696) | 684) |
| Revenue | 3,239) | 3,543) | 3,334) | 2,754) | 2,428) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 17.91% | 28.45% | 29.09% | 25.27% | 28.16% |
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 2020 Calculation
Segment profit margin = 100 × Income (loss) from operations ÷ Revenue
= 100 × 580 ÷ 3,239 = 17.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Core Illumina | Core Illumina segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Helix
Illumina Inc.; Helix; segment profit margin calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | —) | (24) | (90) | (92) | (81) |
| Revenue | —) | 1) | 10) | 6) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | — | -2,400.00% | -900.00% | -1,533.33% | — |
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 2020 Calculation
Segment profit margin = 100 × Income (loss) from operations ÷ Revenue
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Helix | Helix segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Return on Assets (Segment ROA)
Illumina Inc., ROA by reportable segment
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 7.65% | 13.78% | 14.03% | 13.33% | 16.41% |
| Helix | — | — | -58.44% | -204.44% | -45.13% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Core Illumina | Core Illumina segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Helix |
Segment ROA: Core Illumina
Illumina Inc.; Core Illumina; segment ROA calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | 580) | 1,008) | 970) | 696) | 684) |
| Total assets | 7,585) | 7,316) | 6,912) | 5,223) | 4,167) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.65% | 13.78% | 14.03% | 13.33% | 16.41% |
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 2020 Calculation
Segment ROA = 100 × Income (loss) from operations ÷ Total assets
= 100 × 580 ÷ 7,585 = 7.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Core Illumina | Core Illumina segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment ROA: Helix
Illumina Inc.; Helix; segment ROA calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from operations | —) | (24) | (90) | (92) | (81) |
| Total assets | —) | —) | 154) | 45) | 180) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | — | — | -58.44% | -204.44% | -45.13% |
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 2020 Calculation
Segment ROA = 100 × Income (loss) from operations ÷ Total assets
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Helix |
Segment Asset Turnover
Illumina Inc., asset turnover by reportable segment
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 0.43 | 0.48 | 0.48 | 0.53 | 0.58 |
| Helix | — | — | 0.06 | 0.13 | 0.00 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Core Illumina | Core Illumina segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| Helix |
Segment Asset Turnover: Core Illumina
Illumina Inc.; Core Illumina; segment asset turnover calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 3,239) | 3,543) | 3,334) | 2,754) | 2,428) |
| Total assets | 7,585) | 7,316) | 6,912) | 5,223) | 4,167) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.43 | 0.48 | 0.48 | 0.53 | 0.58 |
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 2020 Calculation
Segment asset turnover = Revenue ÷ Total assets
= 3,239 ÷ 7,585 = 0.43
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Core Illumina | Core Illumina segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment Asset Turnover: Helix
Illumina Inc.; Helix; segment asset turnover calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | —) | 1) | 10) | 6) | —) |
| Total assets | —) | —) | 154) | 45) | 180) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | — | — | 0.06 | 0.13 | 0.00 |
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 2020 Calculation
Segment asset turnover = Revenue ÷ Total assets
= 0 ÷ 0 = —
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Helix |
Segment Capital Expenditures to Depreciation
Illumina Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 1.01 | 1.12 | 1.68 | 2.00 | 1.73 |
| Helix | — | 0.00 | 0.33 | 0.67 | 5.15 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Core Illumina | Core Illumina segment capital expenditures to depreciation ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Helix |
Segment Capital Expenditures to Depreciation: Core Illumina
Illumina Inc.; Core Illumina; segment capital expenditures to depreciation calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 189) | 209) | 294) | 306) | 238) |
| Depreciation and amortization | 187) | 186) | 175) | 153) | 138) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.01 | 1.12 | 1.68 | 2.00 | 1.73 |
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 2020 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 189 ÷ 187 = 1.01
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Core Illumina | Core Illumina segment capital expenditures to depreciation ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Capital Expenditures to Depreciation: Helix
Illumina Inc.; Helix; segment capital expenditures to depreciation calculation
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | —) | —) | 2) | 4) | 22) |
| Depreciation and amortization | —) | 3) | 6) | 6) | 4) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | — | 0.00 | 0.33 | 0.67 | 5.15 |
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 2020 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Helix |
Revenue
Illumina Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 3,239) | 3,543) | 3,334) | 2,754) | 2,428) |
| Helix | —) | 1) | 10) | 6) | —) |
| Eliminations | —) | (1) | (11) | (8) | (30) |
| Consolidated | 3,239) | 3,543) | 3,333) | 2,752) | 2,398) |
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).
Depreciation and amortization
Illumina Inc., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 187) | 186) | 175) | 153) | 138) |
| Helix | —) | 3) | 6) | 6) | 4) |
| Eliminations | —) | (1) | (2) | (3) | —) |
| Consolidated | 187) | 188) | 179) | 156) | 142) |
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).
Income (loss) from operations
Illumina Inc., income (loss) from operations by reportable segment
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 580) | 1,008) | 970) | 696) | 684) |
| Helix | —) | (24) | (90) | (92) | (81) |
| Eliminations | —) | 1) | 3) | 2) | (16) |
| Consolidated | 580) | 985) | 883) | 606) | 587) |
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).
Total assets
Illumina Inc., total assets by reportable segment
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 7,585) | 7,316) | 6,912) | 5,223) | 4,167) |
| Helix | —) | —) | 154) | 45) | 180) |
| Eliminations | —) | —) | (107) | (11) | (66) |
| Consolidated | 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).
Capital expenditures
Illumina Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
|---|---|---|---|---|---|
| Core Illumina | 189) | 209) | 294) | 306) | 238) |
| Helix | —) | —) | 2) | 4) | 22) |
| Consolidated | 189) | 209) | 296) | 310) | 261) |
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).