Gen Digital (GEN) FY2015 results: revenue $4.0 billion, down 5.4% on the year
Gen Digital Inc. (GEN) reported revenue of $4.0 billion for fiscal 2015, the year ended 3 April 2015, down 5.4% on the year before. Net income was $878 million, down 2.2%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2015.
Revenue
$4.0 billion
-5.4% on the year
FY2008FY2015
Operating margin
3.9%
3.4% a year earlier
FY2008FY2015
Net income
$878 million
-2.2% on the year
FY2008FY2015
Diluted EPS
$1.26
-1.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,956
4,183
6,906
-5.4%
Cost of revenue
727
791
1,175
-8.1%
Gross profit
3,229
3,392
5,731
-4.8%
Gross margin
81.6%
81.1%
83.0%
Research and development
812
722
1,026
+12.5%
Operating income
154
144
1,106
+6.9%
Operating margin
3.9%
3.4%
16.0%
Pre-tax income
101
107
1,006
-5.6%
Income tax
-8.0
16.0
251
Effective tax rate
-7.9%
15.0%
25.0%
Net income
878
898
755
-2.2%
Net margin
22.2%
21.5%
10.9%
Diluted EPS
$1.26
$1.28
$1.06
-1.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,312
1,281
1,593
+2.4%
Capital expenditure
303
194
336
+56.2%
Free cash flow
1,009
1,087
1,257
-7.2%
Free cash flow margin
25.5%
26.0%
18.2%
Cash from investing
-1,154
-583
-319
Cash from financing
-811
-1,712
308
Depreciation and amortisation
355
367
638
-3.3%
Share-based compensation
131
105
164
+24.8%
Buybacks
500
500
826
0.0%
Dividends paid
413
418
0.0
-1.2%
Dividend per share
$0.60
$0.60
$0.00
0.0%
Diluted shares, weighted
696m
704m
711m
-1.1%
Shares outstanding at period end
684m
695m
698m
-1.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,935
5,797
5,476
+2.4%
Debt
2,096
2,100
3,100
-0.2%
Other liabilities
5,202
5,642
5,932
-7.8%
Total liabilities and equity
13,233
13,539
14,508
-2.3%
Fixed assets
950
1,116
1,122
-14.9%
Goodwill
3,146
3,151
5,841
-0.2%
Intangible assets
525
768
977
-31.6%
Investments
1,017
377
62.0
+169.8%
Cash and equivalents
2,843
3,695
4,685
-23.1%
Receivables
700
1,007
1,031
-30.5%
Inventory
n/a
14.0
24.0
Other assets
4,052
3,411
766
+18.8%
Total assets
13,233
13,539
14,508
-2.3%
10-K for the year ended 3 April 2015, filed 22 May 2015: the filing.