ILLUMINA, INC. (ILMN): restructuring charge — Illumina records $14M additional impairment on San Diego property in Q4 2024

ILLUMINA, INC.

Total $32M impairment in Q1 2024 from exiting Foster City campus and another San Diego property.
Additional $14M right-of-use asset impairment in Q4 2024 for the San Diego property; no remaining assets there.
Company continues to evaluate options for remaining Foster City campus.
All real estate exit charges will be excluded from non-GAAP financial metrics.

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 restructuring with charges of $32 million affecting Foster City campus and another property in San Diego, California.

Type: restructuring
Charge: $32 million
Affected area: Foster City campus and another property in San Diego, California

Exact text from the filing

The Company recorded right-of-use asset and leasehold improvement impairment charges of $32 million in the first fiscal quarter of 2024 related to these exits.

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

ILLUMINA, INC. filing history →

Source: SEC EDGAR

accession 0001110803-25-000011

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