ILLUMINA, INC. (ILMN): restructuring charge — Illumina estimates $1.466B goodwill and $420M IPR&D impairment charges for GRAIL in Q2 2024

ILLUMINA, INC.

Goodwill impairment charge of $1,466M related to GRAIL, representing full remaining carrying value as of March 31, 2024.
IPR&D intangible asset impairment charge of $420M for GRAIL in Q2 2024.
No material future cash expenditures expected from these impairment charges.
Charges will be excluded from non-GAAP financial 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 $420 million affecting GRAIL.

Type: impairment
Charge: $420 million
Affected area: GRAIL

Exact text from the filing

the Company estimates that it will recognize an impairment charge for the GRAIL IPR&D intangible asset in the second quarter of 2024 equal to $420 million

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 $1,466 million affecting GRAIL.

Type: impairment
Charge: $1,466 million
Affected area: GRAIL

Exact text from the filing

the Company estimates that it will recognize a goodwill impairment charge in the second quarter of 2024 equal to $1,466 million, or the full remaining carrying value of goodwill related to GRAIL as of March 31, 2024

View on SEC.gov

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

ILLUMINA, INC. filing history →

Source: SEC EDGAR

accession 0001110803-24-000038

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