Gen Digital (GEN) FY2017 results: revenue $4.0 billion, up 11.6% on the year
Gen Digital Inc. (GEN) reported revenue of $4.0 billion for fiscal 2017, the year ended 31 March 2017, up 11.6% on the year before. Net income was -$106 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2019.
Revenue
$4.0 billion
+11.6% on the year
FY2010FY2017
Operating margin
-2.5%
12.7% a year earlier
FY2010FY2017
Net income
-$106 million
FY2010FY2017
Diluted EPS
-$0.17
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,019
3,600
3,956
+11.6%
Cost of revenue
853
615
727
+38.7%
Gross profit
3,166
2,985
3,229
+6.1%
Gross margin
78.8%
82.9%
81.6%
Research and development
823
748
812
+10.0%
Operating income
-100
457
154
Operating margin
-2.5%
12.7%
3.9%
Pre-tax income
-262
392
101
Income tax
-26.0
1,213
-8.0
Effective tax rate
n/a
309.4%
-7.9%
Net income
-106
2,488
878
Net margin
-2.6%
69.1%
22.2%
Diluted EPS
-$0.17
$3.71
$1.26
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-209
802
1,312
Capital expenditure
70.0
272
303
-74.3%
Free cash flow
-279
530
1,009
Free cash flow margin
-6.9%
14.7%
25.5%
Cash from investing
-6,766
7,173
-1,154
Cash from financing
5,280
-4,764
-811
Depreciation and amortisation
492
299
355
+64.5%
Share-based compensation
440
161
131
+173.3%
Buybacks
500
1,868
500
-73.2%
Dividends paid
222
3,030
413
-92.7%
Dividend per share
$0.30
$4.60
$0.60
-93.5%
Diluted shares, weighted
618m
670m
696m
-7.8%
Shares outstanding at period end
608m
612m
684m
-0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,487
3,676
5,935
-5.1%
Debt
8,186
2,207
2,096
+270.9%
Other liabilities
6,501
5,884
5,202
+10.5%
Total liabilities and equity
18,174
11,767
13,233
+54.4%
Fixed assets
937
957
950
-2.1%
Goodwill
8,627
3,148
3,146
+174.0%
Intangible assets
3,004
443
525
+578.1%
Investments
9.0
42.0
1,017
-78.6%
Cash and equivalents
4,247
5,983
2,843
-29.0%
Receivables
649
556
700
+16.7%
Other assets
701
638
4,052
+9.9%
Total assets
18,174
11,767
13,233
+54.4%
10-K for the year ended 31 March 2017, filed 24 May 2019: the filing.