$GEN
Gen Digital Inc.

2023 Q3 Form 10-Q Financial Statement

#000084939923000021 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $948.0M $946.0M
YoY Change 3411.11% 32.12%
Cost Of Revenue $180.0M $179.0M
YoY Change 76.47% 77.23%
Gross Profit $768.0M $767.0M
YoY Change 26.94% 24.72%
Gross Profit Margin 81.01% 81.08%
Selling, General & Admin $580.0M $237.0M
YoY Change 123.08% -40.45%
% of Gross Profit 75.52% 30.9%
Research & Development $85.00M $90.00M
YoY Change 39.34% 52.54%
% of Gross Profit 11.07% 11.73%
Depreciation & Amortization $125.0M $125.0M
YoY Change 331.03% 290.63%
% of Gross Profit 16.28% 16.3%
Operating Expenses $743.0M $405.0M
YoY Change 115.99% -15.45%
Operating Profit $25.00M $362.0M
YoY Change -90.42% 166.18%
Interest Expense -$166.0M -$163.0M
YoY Change 453.33% 352.78%
% of Operating Profit -664.0% -45.03%
Other Income/Expense, Net $7.000M $12.00M
YoY Change -800.0% 1100.0%
Pretax Income -$141.0M $204.0M
YoY Change -161.57% 112.5%
Income Tax -$290.0M $15.00M
% Of Pretax Income 7.35%
Net Earnings $149.0M $189.0M
YoY Change -25.5% 57.5%
Net Earnings / Revenue 15.72% 19.98%
Basic Earnings Per Share $0.23 $0.30
Diluted Earnings Per Share $0.23 $0.29
COMMON SHARES
Basic Shares Outstanding 639.4M shares 640.8M shares
Diluted Shares Outstanding 644.0M shares 643.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $629.0M $623.0M
YoY Change -51.28% -67.05%
Cash & Equivalents $629.0M $623.0M
Short-Term Investments
Other Short-Term Assets $278.0M $297.0M
YoY Change 54.44% 53.89%
Inventory
Prepaid Expenses $122.0M $118.0M
Receivables $147.0M $145.0M
Other Receivables $125.0M $131.0M
Total Short-Term Assets $1.076B $1.087B
YoY Change -33.95% -51.9%
LONG-TERM ASSETS
Property, Plant & Equipment $75.00M $73.00M
YoY Change 33.93% 21.67%
Goodwill $10.20B $10.24B
YoY Change 256.48% 256.46%
Intangibles $2.859B $2.982B
YoY Change 187.92% 191.5%
Long-Term Investments $176.0M $176.0M
YoY Change -1.12% -1.12%
Other Assets $2.163B $1.366B
YoY Change 239.03% 109.19%
Total Long-Term Assets $15.34B $14.70B
YoY Change 232.07% 213.9%
TOTAL ASSETS
Total Short-Term Assets $1.076B $1.087B
Total Long-Term Assets $15.34B $14.70B
Total Assets $16.41B $15.79B
YoY Change 162.7% 127.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.00M $65.00M
YoY Change -7.04% 3.17%
Accrued Expenses $321.0M $529.0M
YoY Change -37.43% -15.9%
Deferred Revenue $1.599B $1.631B
YoY Change 35.16% 29.03%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $175.0M $233.0M
YoY Change -71.5% -76.7%
Total Short-Term Liabilities $2.460B $2.748B
YoY Change -6.25% -10.34%
LONG-TERM LIABILITIES
Long-Term Debt $9.333B $9.327B
YoY Change 243.88% 240.9%
Other Long-Term Liabilities $631.0M $44.00M
YoY Change 1367.44% -6.38%
Total Long-Term Liabilities $9.964B $9.371B
YoY Change 261.41% 236.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.460B $2.748B
Total Long-Term Liabilities $9.964B $9.371B
Total Liabilities $14.00B $13.45B
YoY Change 113.83% 91.16%
SHAREHOLDERS EQUITY
Retained Earnings -$247.0M -$396.0M
YoY Change -85.76% -79.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.414B $2.337B
YoY Change
Total Liabilities & Shareholders Equity $16.41B $15.79B
YoY Change 162.7% 127.38%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $149.0M $189.0M
YoY Change -25.5% 57.5%
Depreciation, Depletion And Amortization $125.0M $125.0M
YoY Change 331.03% 290.63%
Cash From Operating Activities $125.0M $226.0M
YoY Change -41.86% -30.67%
INVESTING ACTIVITIES
Capital Expenditures $5.000M $4.000M
YoY Change 150.0% -300.0%
Acquisitions
YoY Change
Other Investing Activities $14.00M $2.000M
YoY Change -800.0% -83.33%
Cash From Investing Activities $9.000M -$6.000M
YoY Change 125.0% -160.0%
FINANCING ACTIVITIES
Cash Dividend Paid $83.00M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $208.0M
YoY Change
Cash From Financing Activities -135.0M -$350.0M
YoY Change -83.27% 61.29%
NET CHANGE
Cash From Operating Activities 125.0M $226.0M
Cash From Investing Activities 9.000M -$6.000M
Cash From Financing Activities -135.0M -$350.0M
Net Change In Cash -1.000M -$127.0M
YoY Change -99.83% -206.72%
FREE CASH FLOW
Cash From Operating Activities $125.0M $226.0M
Capital Expenditures $5.000M $4.000M
Free Cash Flow $120.0M $222.0M
YoY Change -43.66% -32.32%

Facts In Submission

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