Illumina (ILMN) FY2012 results: revenue $1.1 billion, up 8.8% on the year
Illumina, Inc. (ILMN) reported revenue of $1.1 billion for fiscal 2012, the year ended 30 December 2012, up 8.8% on the year before. Net income was $151 million, up 74.6%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$1.1 billion
+8.8% on the year
FY2008FY2012
Operating margin
17.5%
18.9% a year earlier
FY2008FY2012
Net income
$151 million
+74.6% on the year
FY2008FY2012
Diluted EPS
$1.13
+82.3% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,149
1,056
903
+8.8%
Cost of revenue
375
346
301
+8.2%
Gross profit
774
709
602
+9.1%
Gross margin
67.4%
67.2%
66.6%
Research and development
231
197
178
+17.3%
Selling, general and administrative
286
262
220
+9.2%
Operating income
201
199
212
+0.6%
Operating margin
17.5%
18.9%
23.4%
Interest expense
37.8
34.8
24.6
+8.6%
Pre-tax income
223
133
185
+67.3%
Income tax
71.4
46.4
60.5
+53.7%
Effective tax rate
32.1%
34.9%
32.6%
Net income
151
86.6
125
+74.6%
Net margin
13.2%
8.2%
13.8%
Diluted EPS
$1.13
$0.62
$0.87
+82.3%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
292
358
273
-18.5%
Capital expenditure
68.8
77.8
49.8
-11.6%
Free cash flow
223
280
223
-20.4%
Free cash flow margin
19.4%
26.6%
24.7%
Cash from investing
-150
-401
-285
Cash from financing
-10.8
97.0
116
Depreciation and amortisation
65.3
69.2
42.0
-5.5%
Share-based compensation
94.3
92.1
71.6
+2.4%
Buybacks
82.5
570
44.0
-85.5%
Diluted shares, weighted
134m
139m
143m
-3.8%
Shares outstanding at period end
124m
122m
127m
+1.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,319
1,075
1,198
+22.6%
Debt
842
807
312
+4.3%
Other liabilities
405
313
330
+29.3%
Total liabilities and equity
2,566
2,196
1,839
+16.9%
Fixed assets
166
143
130
+15.8%
Goodwill
369
322
278
+14.8%
Intangible assets
130
106
91.5
+22.3%
Investments
916
887
645
+3.3%
Cash and equivalents
434
303
249
+43.2%
Receivables
215
174
166
+23.6%
Inventory
159
129
142
+23.2%
Other assets
176
132
137
+33.9%
Total assets
2,566
2,196
1,839
+16.9%
10-K for the year ended 30 December 2012, filed 15 February 2013: the filing.