Illumina records $75M in impairments on Foster City, San Diego campus exits; $142M assets at risk

ILLUMINA, INC.

Recorded $43M right-of-use asset and leasehold improvement impairment in Q4 2023 for Foster City campus exit.
Additional $18M right-of-use asset impairment in Q1 2024 for Foster City and San Diego properties.
Recorded $14M leasehold improvement impairment in Q1 2024 related to Foster City campus.
Remaining assets on Foster City and San Diego properties total ~$142M as of March 31, 2024.
Company may incur further charges but cannot estimate timing or amount; charges excluded from non-GAAP.

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 additional right-of-use asset impairments of $18 million in Q1 2024 related to our campus in Foster City, California and another property in San Diego, Californ affecting our campus in Foster City, California and another property in San Diego, California.

Type: impairment
Charge: additional right-of-use asset impairments of $18 million in Q1 2024 related to our campus in Foster City, California and another property in San Diego, Californ
Affected area: our campus in Foster City, California and another property in San Diego, California

Exact text from the filing

The Company recorded additional right-of-use asset impairments of $18 million in Q1 2024 related to our campus in Foster City, California and another property in San Diego, California. The Company also recorded $14 million of leasehold improvement impairments related to our Foster City campus in Q1 2024.

View on SEC.gov

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

ILLUMINA, INC. announced a impairment with charges of $43 million affecting Foster City campus.

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

Exact text from the filing

The company recorded right-of-use asset and leasehold improvement impairment charges of $43 million in the fourth fiscal quarter of 2023 related to that exit.

View on SEC.gov

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

ILLUMINA, INC. filing history →

Source: SEC EDGAR

accession 0001110803-24-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.