ILLUMINA, INC. (ILMN): restructuring charge — Illumina incurs $54M impairment charge for i3 campus exit; Foster City charges pending

ILLUMINA, INC.

Incurred ~$54M in right-of-use asset and leasehold impairment charges in 2023 for exiting i3 campus in San Diego.
As of Oct 1, 2023, Foster City campus assets total ~$182M; expects charges from partial exit but cannot yet estimate.
Charges related to real estate footprint reduction will be excluded from non-GAAP financial metrics.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ILLUMINA, INC. announced a impairment with charges of approximately $54 million affecting i3 campus in San Diego, California.

Type: impairment
Charge: approximately $54 million
Affected area: i3 campus in San Diego, California

Exact text from the filing

the Company incurred right-of-use asset and leasehold improvement impairment charges of approximately $54 million in 2023 related to the exit of its i3 campus in San Diego, California.

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ILLUMINA, INC. filing history →

Source: SEC EDGAR

accession 0001110803-23-000088

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