ILLUMINA, INC. (ILMN): restructuring charge — Illumina estimates $43M impairment charge for Foster City campus exit in Q4 2023

ILLUMINA, INC.

Right-of-use asset and leasehold improvement impairment charges estimated at $43M for Q4 2023.
Charges relate to exiting a portion of the Foster City, California campus.
Company previously reported $182M in assets tied to the campus as of Oct 1, 2023.
Illumina continues evaluating options for the remainder of the Foster City campus; further charges possible but not yet estimable.
Charges will be excluded from non-GAAP metrics.

item 2.05

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 $43 million affecting Foster City campus.

Type: impairment
Charge: approximately $43 million
Affected area: Foster City campus

Exact text from the filing

and now estimates that it will incur right-of-use asset and leasehold improvement impairment charges of approximately $43 million in the fourth fiscal quarter of 2023 related to this exit.

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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 0001110803-24-000004

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