secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K/A
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001110803-24-000038
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Illumina estimates $1.466B goodwill and $420M IPR&D impairment charges for GRAIL in Q2 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000038/0001110803-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000111080324000038/ilmn-20240603.htm
  HTML page:      https://secwatch.observer/filing/0001110803-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer