Illumina (ILMN) FY2015 results: revenue $2.2 billion, up 19.3% on the year
Illumina, Inc. (ILMN) reported revenue of $2.2 billion for fiscal 2015, the year ended 3 January 2016, up 19.3% on the year before. Net income was $462 million, up 30.6%, and diluted earnings per share $3.10. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2016.
Revenue
$2.2 billion
+19.3% on the year
FY2008FY2015
Operating margin
27.6%
27.7% a year earlier
FY2008FY2015
Net income
$462 million
+30.6% on the year
FY2008FY2015
Diluted EPS
$3.10
+30.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,220
1,861
1,421
+19.3%
Cost of revenue
670
564
509
+19.0%
Gross profit
1,549
1,298
912
+19.4%
Gross margin
69.8%
69.7%
64.2%
Research and development
402
388
277
+3.5%
Selling, general and administrative
516
466
381
+10.7%
Operating income
613
515
134
+19.1%
Operating margin
27.6%
27.7%
9.4%
Interest expense
43.0
41.7
39.7
+3.0%
Pre-tax income
583
449
159
+29.9%
Income tax
125
95.4
34.0
+31.0%
Effective tax rate
21.4%
21.3%
21.3%
Net income
462
353
125
+30.6%
Net margin
20.8%
19.0%
8.8%
Diluted EPS
$3.10
$2.37
$0.90
+30.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
786
501
386
+56.8%
Capital expenditure
143
106
79.2
+34.8%
Free cash flow
643
395
307
+62.7%
Free cash flow margin
29.0%
21.2%
21.6%
Cash from investing
-107
-407
-69.6
Cash from financing
-545
-167
-38.7
Depreciation and amortisation
127
113
97.9
+12.8%
Share-based compensation
133
153
106
-12.8%
Buybacks
274
237
50.0
+15.7%
Diluted shares, weighted
149m
149m
140m
+0.1%
Shares outstanding at period end
147m
144m
128m
+2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,849
1,463
1,533
+26.4%
Redeemable equity
33.0
0.0
0.3
Debt
1,091
1,291
869
-15.5%
Other liabilities
716
586
617
+22.2%
Total liabilities and equity
3,688
3,340
3,019
+10.4%
Fixed assets
343
265
203
+29.2%
Goodwill
753
725
723
+3.8%
Intangible assets
274
314
331
-13.0%
Investments
617
702
454
-12.1%
Cash and equivalents
769
636
712
+20.8%
Receivables
386
289
239
+33.2%
Inventory
271
191
154
+41.7%
Other assets
276
216
203
+27.9%
Total assets
3,688
3,340
3,019
+10.4%
10-K for the year ended 3 January 2016, filed 2 March 2016: the filing.