Illumina, Inc. (ILMN) Reports Record Financial Results for Fourth Quarter and Fiscal Year 2012
1/29/2013 6:40:27 AM
Illumina, Inc. (NASDAQ:ILMN) today announced its financial results for the fourth quarter and fiscal year of 2012.
Fourth quarter 2012 results:
• Revenue of $309 million, a 24% increase compared to $250 million in the fourth quarter of 2011
• GAAP net income for the quarter of $72 million, or $0.53 per diluted share, compared to net income of $12 million, or $0.09 per diluted share, for the fourth quarter of 2011
• Non-GAAP net income for the quarter of $57 million, or $0.42 per diluted share, compared to $44 million, or $0.35 per diluted share, for the fourth quarter of 2011 (see the table entitled "Itemized Reconciliation Between GAAP and Non-GAAP Net Income" for a reconciliation of these GAAP and non-GAAP financial measures)
• Cash flow from operations of $79 million and free cash flow of $62 million for the quarter