GEN FY 2015 Earnings Report — Gen Digital Inc. Revenue & Financial Results | Market Cap Arena

Gen Digital Inc.GEN

FY 2015 Earnings

Reported March 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$6.5B	—	$6.7B	—	-2.5%
Op. Income	$1.1B	—	$1.2B	—	-2.9%
Gross Margin	82.3%	—	82.8%	—	-0.5pp
Net Margin	13.5%	—	13.5%	—	0.0pp
EPS (Diluted)	$1.26	—	$1.28	—	-1.6%
Free Cash Flow	$931M	—	$1.0B	—	-8.8%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.4B
R&D Expenses	$1.1B
Selling & Marketing	$2.3B
General & Administrative	$379M
SG&A Expenses	$2.7B
Other Expenses	$11M
Operating Expenses	$4.0B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.1B
Interest Income	$12M
Interest Expense	$79M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$215M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$769M
Other Adjustments	$0
NET INCOME	$878M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$878M
D&A	$439M
EBIT	$179M
EBITDA	$530M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.4B
R&D Expenses	$1.1B
Selling & Marketing	$2.3B
General & Administrative	$379M
SG&A Expenses	$2.7B
Other Expenses	$11M
Operating Expenses	$4.0B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.1B
Interest Income	$12M
Interest Expense	$79M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$215M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$769M
Other Adjustments	$0
NET INCOME	$878M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$878M
D&A	$439M
EBIT	$179M
EBITDA	$530M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$878M
Depreciation & Amortization	$439M
Stock-Based Compensation	$195M
Deferred Income Tax	-$23M
Other Non-Cash Items	$4M
Change in Working Capital	-$181M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$381M
Acquisitions (Net)	-$39M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.0B
Other Investing Activities	-$812M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$21M
Common Stock Repurchased	-$500M
Common Dividends Paid	-$413M
Other Financing Activities	$123M
NET CASH FROM FINANCING	-$811M
FREE CASH FLOW	$931M
Net Change in Cash	-$833M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.9B
Short-Term Investments	$1.0B
Net Receivables	$700M
Inventory	$0
Other Current Assets	$862M
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$1.2B
Goodwill	$5.8B
Intangible Assets	$628M
Long-Term Investments	$10M
Tax Assets	$0
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$7.8B
TOTAL ASSETS	$13.2B
Account Payables	$169M
Short-Term Debt	$350M
Deferred Revenue	$2.4B
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$1.7B
Deferred Revenue NC	$555M
Deferred Tax Liabilities	$308M
Other Non-Current Liabilities	$347M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$7.3B
Common Stock	$7M
Additional Paid-In Capital	$6.1B
Retained Earnings	-$270M
Treasury Stock	$0
Accum. Other Comp. Income	$104M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$0
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$13.2B
Total Debt	$2.1B
Net Debt	-$778M