Gen Digital (GEN) FY2018 results: revenue $2.6 billion, down 36.3% on the year
Gen Digital Inc. (GEN) reported revenue of $2.6 billion for fiscal 2018, the year ended 30 March 2018, down 36.3% on the year before. Net income was $1.1 billion, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2019.
Revenue
$2.6 billion
-36.3% on the year
FY2011FY2018
Operating margin
-6.0%
-2.5% a year earlier
FY2011FY2018
Net income
$1.1 billion
FY2011FY2018
Diluted EPS
$1.70
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,559
4,019
3,600
-36.3%
Cost of revenue
463
853
615
-45.7%
Gross profit
2,096
3,166
2,985
-33.8%
Gross margin
81.9%
78.8%
82.9%
Research and development
455
823
748
-44.7%
Operating income
-154
-100
457
Operating margin
-6.0%
-2.5%
12.7%
Pre-tax income
244
-262
392
Income tax
-720
-26.0
1,213
Effective tax rate
-295.1%
n/a
309.4%
Net income
1,138
-106
2,488
Net margin
44.5%
-2.6%
69.1%
Diluted EPS
$1.70
-$0.17
$3.71
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
950
-209
802
Capital expenditure
142
70.0
272
+102.9%
Free cash flow
808
-279
530
Free cash flow margin
31.6%
-6.9%
14.7%
Cash from investing
-21.0
-6,766
7,173
Cash from financing
-3,475
5,280
-4,764
Depreciation and amortisation
640
492
299
+30.1%
Share-based compensation
610
440
161
+38.6%
Buybacks
0.0
500
1,868
Dividends paid
211
222
3,030
-5.0%
Dividend per share
$0.30
$0.30
$4.60
0.0%
Diluted shares, weighted
668m
618m
670m
+8.1%
Shares outstanding at period end
624m
608m
612m
+2.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,023
3,487
3,676
+44.0%
Debt
5,026
8,186
2,207
-38.6%
Other liabilities
5,710
6,501
5,884
-12.2%
Total liabilities and equity
15,759
18,174
11,767
-13.3%
Fixed assets
778
937
957
-17.0%
Goodwill
2,673
8,627
3,148
-69.0%
Intangible assets
2,643
3,004
443
-12.0%
Investments
388
9.0
42.0
+4,211.1%
Cash and equivalents
1,774
4,247
5,983
-58.2%
Receivables
809
649
556
+24.7%
Other assets
6,694
701
638
+854.9%
Total assets
15,759
18,174
11,767
-13.3%
10-K for the year ended 30 March 2018, filed 24 May 2019: the filing.