Illumina (ILMN) FY2017 results: revenue $2.8 billion, up 14.8% on the year
Illumina, Inc. (ILMN) reported revenue of $2.8 billion for fiscal 2017, the year ended 31 December 2017, up 14.8% on the year before. Net income was $726 million, up 56.9%, and diluted earnings per share $4.92. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2019.
Revenue
$2.8 billion
+14.8% on the year
FY2010FY2017
Operating margin
22.0%
24.5% a year earlier
FY2010FY2017
Net income
$726 million
+56.9% on the year
FY2010FY2017
Diluted EPS
$4.92
+60.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,752
2,398
2,220
+14.8%
Cost of revenue
926
732
670
+26.5%
Gross profit
1,826
1,666
1,549
+9.6%
Gross margin
66.4%
69.5%
69.8%
Research and development
546
504
402
+8.2%
Selling, general and administrative
674
583
516
+15.6%
Operating income
606
587
613
+3.2%
Operating margin
22.0%
24.5%
27.6%
Interest expense
37.0
33.0
43.0
+12.1%
Pre-tax income
1,043
561
583
+85.9%
Income tax
365
133
125
+174.3%
Effective tax rate
35.0%
23.7%
21.4%
Net income
726
463
462
+56.9%
Net margin
26.4%
19.3%
20.8%
Diluted EPS
$4.92
$3.07
$3.10
+60.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
875
779
786
+12.3%
Capital expenditure
310
260
143
+19.3%
Free cash flow
565
519
643
+8.8%
Free cash flow margin
20.5%
21.6%
29.0%
Cash from investing
-214
-515
-107
Cash from financing
-176
-296
-545
Depreciation and amortisation
156
141
127
+10.6%
Share-based compensation
164
129
133
+27.1%
Buybacks
251
249
274
+0.7%
Diluted shares, weighted
148m
148m
149m
-0.0%
Shares outstanding at period end
147m
146m
147m
+0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,749
2,197
1,849
+25.1%
Non-controlling interest
n/a
73.0
n/a
Redeemable equity
220
43.9
33.0
+400.7%
Debt
1,192
1,058
1,091
+12.7%
Other liabilities
1,096
908
716
+20.6%
Total liabilities and equity
5,257
4,281
3,688
+22.8%
Fixed assets
931
713
343
+30.5%
Goodwill
771
776
753
-0.6%
Intangible assets
175
243
274
-27.9%
Investments
920
824
617
+11.6%
Cash and equivalents
1,225
735
769
+66.8%
Receivables
411
381
386
+7.8%
Inventory
333
300
271
+10.9%
Other assets
491
308
276
+59.2%
Total assets
5,257
4,281
3,688
+22.8%
10-K for the year ended 31 December 2017, filed 12 February 2019: the filing.