Illumina (ILMN) FY2016 results: revenue $2.4 billion, up 8.0% on the year
Illumina, Inc. (ILMN) reported revenue of $2.4 billion for fiscal 2016, the year ended 1 January 2017, up 8.0% on the year before. Net income was $463 million, up 0.2%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2019.
Revenue
$2.4 billion
+8.0% on the year
FY2009FY2016
Operating margin
24.5%
27.6% a year earlier
FY2009FY2016
Net income
$463 million
+0.2% on the year
FY2009FY2016
Diluted EPS
$3.07
-1.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,398
2,220
1,861
+8.0%
Cost of revenue
732
670
564
+9.2%
Gross profit
1,666
1,549
1,298
+7.6%
Gross margin
69.5%
69.8%
69.7%
Research and development
504
402
388
+25.6%
Selling, general and administrative
583
516
466
+13.0%
Operating income
587
613
515
-4.2%
Operating margin
24.5%
27.6%
27.7%
Interest expense
33.0
43.0
41.7
-23.3%
Pre-tax income
561
583
449
-3.8%
Income tax
133
125
95.4
+6.5%
Effective tax rate
23.7%
21.4%
21.3%
Net income
463
462
353
+0.2%
Net margin
19.3%
20.8%
19.0%
Diluted EPS
$3.07
$3.10
$2.37
-1.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
779
786
501
-0.9%
Capital expenditure
260
143
106
+81.9%
Free cash flow
519
643
395
-19.3%
Free cash flow margin
21.6%
29.0%
21.2%
Cash from investing
-515
-107
-407
Cash from financing
-296
-545
-167
Depreciation and amortisation
141
127
113
+11.0%
Share-based compensation
129
133
153
-3.0%
Buybacks
249
274
237
-9.1%
Diluted shares, weighted
148m
149m
149m
-0.7%
Shares outstanding at period end
146m
147m
144m
-0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,197
1,849
1,463
+18.9%
Non-controlling interest
73.0
n/a
n/a
Redeemable equity
43.9
33.0
0.0
+33.2%
Debt
1,058
1,091
1,291
-3.0%
Other liabilities
908
716
586
+26.9%
Total liabilities and equity
4,281
3,688
3,340
+16.1%
Fixed assets
713
343
265
+108.2%
Goodwill
776
753
725
+3.1%
Intangible assets
243
274
314
-11.3%
Investments
824
617
702
+33.5%
Cash and equivalents
735
769
636
-4.5%
Receivables
381
386
289
-1.1%
Inventory
300
271
191
+10.9%
Other assets
308
276
216
+11.6%
Total assets
4,281
3,688
3,340
+16.1%
10-K for the year ended 1 January 2017, filed 12 February 2019: the filing.