Illumina (ILMN) FY2024 results: revenue $4.4 billion, down 2.9% on the year
Illumina, Inc. (ILMN) reported revenue of $4.4 billion for fiscal 2024, the year ended 29 December 2024, down 2.9% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-7.69. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$4.4 billion
-2.9% on the year
FY2017FY2024
Operating margin
-19.1%
-23.7% a year earlier
FY2017FY2024
Net income
-$1.2 billion
FY2017FY2024
Diluted EPS
-$7.69
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
837
478
392
+75.1%
Capital expenditure
128
195
286
-34.4%
Free cash flow
709
283
106
+150.5%
Free cash flow margin
16.2%
6.3%
2.3%
Cash from investing
-178
-231
-591
Cash from financing
-570
-1,210
1,000
Depreciation and amortisation
354
432
394
-18.1%
Share-based compensation
370
380
366
-2.6%
Buybacks
116
0.0
0.0
Diluted shares, weighted
159m
158m
157m
+0.6%
Shares outstanding at period end
159m
159m
158m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,373
5,745
6,599
-58.7%
Debt
1,989
1,489
2,735
+33.6%
Operating lease liabilities
554
687
744
-19.4%
Other liabilities
1,387
2,190
2,174
-36.7%
Total liabilities and equity
6,303
10,111
12,252
-37.7%
Fixed assets
815
1,007
1,091
-19.1%
Goodwill
1,113
2,545
3,239
-56.3%
Intangible assets
295
2,993
3,285
-90.1%
Investments
93.0
6.0
26.0
+1,450.0%
Cash and equivalents
1,127
1,048
2,011
+7.5%
Receivables
735
734
671
+0.1%
Inventory
547
587
568
-6.8%
Other assets
1,578
1,191
1,361
+32.5%
Total assets
6,303
10,111
12,252
-37.7%
10-K for the year ended 29 December 2024, filed 12 February 2025: the filing.