Illumina (ILMN) FY2011 results: revenue $1.1 billion, up 16.9% on the year
Illumina, Inc. (ILMN) reported revenue of $1.1 billion for fiscal 2011, the year ended 1 January 2012, up 16.9% on the year before. Net income was $87 million, down 30.6%, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$1.1 billion
+16.9% on the year
FY2008FY2011
Operating margin
18.9%
23.4% a year earlier
FY2008FY2011
Net income
$87 million
-30.6% on the year
FY2008FY2011
Diluted EPS
$0.62
-28.7% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,056
903
666
+16.9%
Cost of revenue
346
301
212
+15.0%
Gross profit
709
602
454
+17.9%
Gross margin
67.2%
66.6%
68.1%
Research and development
197
178
141
+10.7%
Selling, general and administrative
262
220
176
+18.8%
Operating income
199
212
126
-5.8%
Operating margin
18.9%
23.4%
18.8%
Interest expense
34.8
24.6
23.7
+41.4%
Pre-tax income
133
185
114
-28.2%
Income tax
46.4
60.5
41.8
-23.3%
Effective tax rate
34.9%
32.6%
36.7%
Net income
86.6
125
72.3
-30.6%
Net margin
8.2%
13.8%
10.8%
Diluted EPS
$0.62
$0.87
$0.53
-28.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
358
273
172
+31.4%
Capital expenditure
77.8
49.8
52.7
+56.2%
Free cash flow
280
223
120
+25.9%
Free cash flow margin
26.6%
24.7%
17.9%
Cash from investing
-401
-285
-257
Cash from financing
97.0
116
-98.9
-16.7%
Depreciation and amortisation
69.2
42.0
31.2
+64.7%
Share-based compensation
92.1
71.6
60.8
+28.5%
Buybacks
570
44.0
175
+1,195.9%
Diluted shares, weighted
139m
143m
137m
-3.1%
Shares outstanding at period end
122m
127m
n/a
-3.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,075
1,198
864
-10.2%
Debt
807
312
n/a
+159.1%
Other liabilities
313
330
566
-5.0%
Total liabilities and equity
2,196
1,839
1,430
+19.4%
Fixed assets
143
130
117
+10.5%
Goodwill
322
278
213
+15.7%
Intangible assets
106
91.5
43.8
+16.4%
Investments
887
645
549
+37.4%
Cash and equivalents
303
249
145
+21.7%
Receivables
174
166
158
+5.0%
Inventory
129
142
92.8
-9.4%
Other assets
132
137
111
-4.1%
Total assets
2,196
1,839
1,430
+19.4%
10-K for the year ended 1 January 2012, filed 24 February 2012: the filing.