Gen Digital (GEN) FY2016 results: revenue $3.6 billion, down 9.0% on the year
Gen Digital Inc. (GEN) reported revenue of $3.6 billion for fiscal 2016, the year ended 1 April 2016, down 9.0% on the year before. Net income was $2.5 billion, up 183.4%, and diluted earnings per share $3.71. The figures are the company's own, from the 10-K it filed with the SEC on 20 May 2016.
Revenue
$3.6 billion
-9.0% on the year
FY2009FY2016
Operating margin
12.7%
3.9% a year earlier
FY2009FY2016
Net income
$2.5 billion
+183.4% on the year
FY2009FY2016
Diluted EPS
$3.71
+194.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,600
3,956
4,183
-9.0%
Cost of revenue
615
727
791
-15.4%
Gross profit
2,985
3,229
3,392
-7.6%
Gross margin
82.9%
81.6%
81.1%
Research and development
748
812
722
-7.9%
Operating income
457
154
144
+196.8%
Operating margin
12.7%
3.9%
3.4%
Pre-tax income
392
101
107
+288.1%
Income tax
1,213
-8.0
16.0
Effective tax rate
309.4%
-7.9%
15.0%
Net income
2,488
878
898
+183.4%
Net margin
69.1%
22.2%
21.5%
Diluted EPS
$3.71
$1.26
$1.28
+194.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
802
1,312
1,281
-38.9%
Capital expenditure
272
303
194
-10.2%
Free cash flow
530
1,009
1,087
-47.5%
Free cash flow margin
14.7%
25.5%
26.0%
Cash from investing
7,173
-1,154
-583
Cash from financing
-4,764
-811
-1,712
Depreciation and amortisation
299
355
367
-15.8%
Share-based compensation
161
131
105
+22.9%
Buybacks
1,868
500
500
+273.6%
Dividends paid
3,030
413
418
+633.7%
Dividend per share
$4.60
$0.60
$0.60
+666.7%
Diluted shares, weighted
670m
696m
704m
-3.7%
Shares outstanding at period end
612m
684m
695m
-10.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,676
5,935
5,797
-38.1%
Debt
2,207
2,096
2,100
+5.3%
Other liabilities
5,884
5,202
5,642
+13.1%
Total liabilities and equity
11,767
13,233
13,539
-11.1%
Fixed assets
957
950
1,116
+0.7%
Goodwill
3,148
3,146
3,151
+0.1%
Intangible assets
443
525
768
-15.6%
Investments
42.0
1,017
377
-95.9%
Cash and equivalents
5,983
2,843
3,695
+110.4%
Receivables
556
700
1,007
-20.6%
Inventory
n/a
n/a
14.0
Other assets
638
4,052
3,411
-84.3%
Total assets
11,767
13,233
13,539
-11.1%
10-K for the year ended 1 April 2016, filed 20 May 2016: the filing.