Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | N/A | $7,585 | $15,217 | $10,111 | $6,303 |
| Liabilities | N/A | $2,891 | $4,477 | $4,366 | $3,930 |
| Equity | N/A | $4,694 | $10,740 | $5,745 | $2,373 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, Illumina, Inc. has experienced significant fluctuations in its financial position. From 2020 to 2021, the company saw a substantial increase in total assets, almost doubling from $0 million to $7.585 billion. This growth was primarily driven by investments in new technologies and acquisitions. However, the company also took on more liabilities during this period, increasing from $0 million to $2.891 billion. Despite the increase in liabilities, Illumina's equity also grew, reaching $4.694 billion in 2021. In the following years, Illumina's financial position continued to evolve. Total assets peaked in 2022 at $15.217 billion but then declined in 2023 and 2024. This decline could be attributed to changes in the company's investment strategies or market conditions. Similarly, total liabilities and equity fluctuated, indicating a dynamic financial landscape. It is essential for Illumina to carefully manage its balance sheet and ensure that its capital structure remains sustainable amidst industry challenges and opportunities.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.