secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K/A
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001110803-24-000025
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000025/0001110803-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000025/form8-karestructuring5224.htm
  HTML page:      https://secwatch.observer/filing/0001110803-24-000025

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