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Form 8-K/A · Current Report · Filed 2025-01-14

Illumina, Inc. Announces Further Real Estate Impairment Charges

On May 3, 2024, Illumina, Inc. announced in Amendment No. 3 to its Form 8-K that during Q1 2024, the Company exited a portion of its Foster City campus and another property in San Diego, California, recording right-of-use asset and leasehold improvement impairment charges of $32 million. An additional right-of-use asset impairment of $14 million was recorded in Q4 2024 related to the San Diego property. These charges will be excluded from non-GAAP financial metrics.

Filer
Illumina, Inc. ILMN · NASDAQ
Filed
Accession
0001110803-25-000011
CIK
0001110803
Signal
High impactHealthcare

Items reported

Item 2.05

Costs Associated with Exit or Disposal Activities

Restructuring Costs Facility Closure

Market reaction

Close before filing

$144.22

Next session

-5.6%

Since filing

+42.2%

Latest close

$205.10

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ILMN reporting the same item, with the next session's move:

About Illumina, Inc.

Illumina, Inc. operates as a global leader in the life sciences industry, focusing on the development and manufacturing of integrated systems for the analysis of genetic variation and function. Primarily, Illumina’s products and services are pivotal in advancing genomic research, enabling scientists to explore DNA sequencing and genetic mapping with high precision and efficiency. The company’s solutions are extensively utilized in fields such as oncology, reproductive health, and genetic disease diagnostics. Known for its cutting-edge sequencing tools, Illumina plays a crucial role in driving innovation in personalized medicine, helping to tailor medical treatments to individual genetic profiles. Headquartered in San Diego, California, Illumina contributes significantly to the genomics sector’s expansion, supporting initiatives in health and medicine, agrigenomics, and microbiology. By providing critical tools for genetic analysis, Illumina aids researchers and clinical laboratories worldwide, influencing how healthcare is approached and offering insights into complex biological systems.

Exchange NASDAQ Industry Diagnostics & Research Company website ↗

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