GEN FY 2012 Earnings Report — Gen Digital Inc. Revenue & Financial Results | Market Cap Arena

Gen Digital Inc.GEN

FY 2012 Earnings

Reported March 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$6.7B	—	$6.2B	—	8.7%
Op. Income	$1.1B	—	$880M	—	22.6%
Gross Margin	83.9%	—	83.1%	—	0.8pp
Net Margin	17.4%	—	9.6%	—	7.8pp
EPS (Diluted)	$1.57	—	$0.76	—	106.6%
Free Cash Flow	$1.6B	—	$1.5B	—	5.8%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.6B
R&D Expenses	$969M
Selling & Marketing	$2.8B
General & Administrative	$437M
SG&A Expenses	$3.3B
Other Expenses	$289M
Operating Expenses	$4.5B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.1B
Interest Income	$13M
Interest Expense	$115M
Other Income/Expenses	$366M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$298M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$660M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.6B
R&D Expenses	$969M
Selling & Marketing	$2.8B
General & Administrative	$437M
SG&A Expenses	$3.3B
Other Expenses	$289M
Operating Expenses	$4.5B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.1B
Interest Income	$13M
Interest Expense	$115M
Other Income/Expenses	$366M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$298M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$660M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$660M
Stock-Based Compensation	$164M
Deferred Income Tax	$7M
Other Non-Cash Items	-$441M
Change in Working Capital	$339M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$286M
Acquisitions (Net)	$22M
Purchases of Investments	-$57M
Sales/Maturities of Investments	$3M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$318M
Net Debt Issuance	-$607M
Common Stock Repurchased	-$934M
Common Dividends Paid	$0
Other Financing Activities	-$33M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.6B
Net Change in Cash	$212M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$49M
Net Receivables	$940M
Inventory	$28M
Other Current Assets	$454M
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$1.1B
Goodwill	$5.8B
Intangible Assets	$1.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$124M
TOTAL NON-CURRENT ASSETS	$8.4B
TOTAL ASSETS	$13.0B
Account Payables	$324M
Short-Term Debt	$0
Deferred Revenue	$3.4B
Other Current Liabilities	$321M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$2.0B
Deferred Revenue NC	$529M
Deferred Tax Liabilities	$288M
Other Non-Current Liabilities	$487M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$7.8B
Common Stock	$7M
Additional Paid-In Capital	$7.8B
Retained Earnings	-$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	$173M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$78M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$13.0B
Total Debt	$2.0B
Net Debt	-$1.1B