secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K/A
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001110803-24-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Illumina estimates $43M impairment charge for Foster City campus exit in Q4 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000004/0001110803-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000004/ilmn-20230621.htm
  HTML page:      https://secwatch.observer/filing/0001110803-24-000004

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