Gen Digital (GEN) FY2013 results: revenue $6.9 billion, up 2.6% on the year
Gen Digital Inc. (GEN) reported revenue of $6.9 billion for fiscal 2013, the year ended 29 March 2013, up 2.6% on the year before. Net income was $755 million, down 36.4%, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 17 May 2013.
Revenue
$6.9 billion
+2.6% on the year
FY2008FY2013
Operating margin
16.0%
16.4% a year earlier
FY2008FY2013
Net income
$755 million
-36.4% on the year
FY2008FY2013
Diluted EPS
$1.06
-33.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
6,906
6,730
6,190
+2.6%
Cost of revenue
1,175
1,082
1,045
+8.6%
Gross profit
5,731
5,648
5,145
+1.5%
Gross margin
83.0%
83.9%
83.1%
Research and development
1,026
969
862
+5.9%
Operating income
1,106
1,104
880
+0.2%
Operating margin
16.0%
16.4%
14.2%
Pre-tax income
1,006
n/a
729
Income tax
251
308
n/a
-18.5%
Effective tax rate
25.0%
n/a
n/a
Net income
755
1,187
597
-36.4%
Net margin
10.9%
17.6%
9.6%
Diluted EPS
$1.06
$1.59
$0.76
-33.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,593
1,901
1,794
-16.2%
Capital expenditure
336
286
268
+17.5%
Free cash flow
1,257
1,615
1,526
-22.2%
Free cash flow margin
18.2%
24.0%
24.7%
Cash from investing
-319
-318
-1,760
Cash from financing
308
-1,386
-184
Depreciation and amortisation
638
656
647
-2.7%
Share-based compensation
164
164
145
0.0%
Buybacks
826
893
872
-7.5%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
711m
748m
786m
-4.9%
Shares outstanding at period end
698m
724m
758m
-3.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,476
5,094
4,528
+7.5%
Non-controlling interest
n/a
78.0
77.0
Debt
3,100
2,039
2,583
+52.0%
Other liabilities
5,932
5,809
5,531
+2.1%
Total liabilities and equity
14,508
13,020
12,719
+11.4%
Fixed assets
1,122
1,100
1,050
+2.0%
Goodwill
5,841
5,826
5,494
+0.3%
Intangible assets
977
1,337
1,511
-26.9%
Investments
62.0
49.0
8.0
+26.5%
Cash and equivalents
4,685
3,162
2,950
+48.2%
Receivables
1,031
940
1,013
+9.7%
Inventory
24.0
28.0
30.0
-14.3%
Other assets
766
578
663
+32.5%
Total assets
14,508
13,020
12,719
+11.4%
10-K for the year ended 29 March 2013, filed 17 May 2013: the filing.