GEN FY 2014 Earnings Report — Gen Digital Inc. Revenue & Financial Results | Market Cap Arena

Gen Digital Inc.GEN

FY 2014 Earnings

Reported March 31, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.7B	—	$6.9B	—	-3.3%
Op. Income	$1.2B	—	$1.1B	—	5.3%
Gross Margin	82.8%	—	83.0%	—	-0.2pp
Net Margin	13.5%	—	11.1%	—	2.4pp
EPS (Diluted)	$1.28	—	$1.08	—	18.5%
Free Cash Flow	$1.0B	—	$1.3B	—	-18.8%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.5B
R&D Expenses	$1.0B
Selling & Marketing	$2.4B
General & Administrative	$445M
SG&A Expenses	$2.9B
Other Expenses	$45M
Operating Expenses	$4.1B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.2B
Interest Income	$11M
Interest Expense	$84M
Other Income/Expenses	-$284M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$258M
Net Income from Continuing Ops	$898M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$898M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$898M
D&A	$491M
EBIT	$1.2B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$5.5B
R&D Expenses	$1.0B
Selling & Marketing	$2.4B
General & Administrative	$445M
SG&A Expenses	$2.9B
Other Expenses	$45M
Operating Expenses	$4.1B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.2B
Interest Income	$11M
Interest Expense	$84M
Other Income/Expenses	-$284M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$258M
Net Income from Continuing Ops	$898M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$898M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$898M
D&A	$491M
EBIT	$1.2B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$898M
Depreciation & Amortization	$491M
Stock-Based Compensation	$156M
Deferred Income Tax	$47M
Other Non-Cash Items	-$34M
Change in Working Capital	-$277M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$260M
Acquisitions (Net)	-$17M
Purchases of Investments	-$492M
Sales/Maturities of Investments	$186M
Other Investing Activities	-$372M
NET CASH FROM INVESTING	-$583M
Net Debt Issuance	-$1.0B
Common Stock Repurchased	-$500M
Common Dividends Paid	-$418M
Other Financing Activities	$206M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.0B
Net Change in Cash	-$978M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$377M
Net Receivables	$1.0B
Inventory	$14M
Other Current Assets	$432M
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$1.1B
Goodwill	$5.9B
Intangible Assets	$768M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$247M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$13.5B
Account Payables	$282M
Short-Term Debt	$0
Deferred Revenue	$3.3B
Other Current Liabilities	$337M
TOTAL CURRENT LIABILITIES	$4.3B
Long-Term Debt	$2.1B
Deferred Revenue NC	$581M
Deferred Tax Liabilities	$425M
Other Non-Current Liabilities	$335M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$7.7B
Common Stock	$7M
Additional Paid-In Capital	$6.7B
Retained Earnings	-$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	$194M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$0
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$2.1B
Net Debt	-$1.6B