Gen Digital (GEN) FY2019 results: revenue $2.5 billion, down 4.0% on the year
Gen Digital Inc. (GEN) reported revenue of $2.5 billion for fiscal 2019, the year ended 29 March 2019, down 4.0% on the year before. Net income was $31 million, down 97.3%, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2019.
Revenue
$2.5 billion
-4.0% on the year
FY2012FY2019
Operating margin
6.4%
-6.0% a year earlier
FY2012FY2019
Net income
$31 million
-97.3% on the year
FY2012FY2019
Diluted EPS
$0.05
-97.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,456
2,559
4,019
-4.0%
Cost of revenue
455
463
853
-1.7%
Gross profit
2,001
2,096
3,166
-4.5%
Gross margin
81.5%
81.9%
78.8%
Research and development
420
455
823
-7.7%
Operating income
158
-154
-100
Operating margin
6.4%
-6.0%
-2.5%
Pre-tax income
-107
244
-262
Income tax
3.0
-720
-26.0
Effective tax rate
n/a
-295.1%
n/a
Net income
31.0
1,138
-106
-97.3%
Net margin
1.3%
44.5%
-2.6%
Diluted EPS
$0.05
$1.70
-$0.17
-97.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,495
950
-209
+57.4%
Capital expenditure
207
142
70.0
+45.8%
Free cash flow
1,288
808
-279
+59.4%
Free cash flow margin
52.4%
31.6%
-6.9%
Cash from investing
-241
-21.0
-6,766
Cash from financing
-1,209
-3,475
5,280
Depreciation and amortisation
615
640
492
-3.9%
Share-based compensation
352
610
440
-42.3%
Buybacks
234
0.0
500
Dividends paid
217
211
222
+2.8%
Dividend per share
$0.30
$0.30
$0.30
0.0%
Diluted shares, weighted
661m
668m
618m
-1.0%
Shares outstanding at period end
630m
624m
608m
+1.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,738
5,023
3,487
+14.2%
Debt
4,452
5,026
8,186
-11.4%
Other liabilities
5,748
5,710
6,501
+0.7%
Total liabilities and equity
15,938
15,759
18,174
+1.1%
Fixed assets
663
778
937
-14.8%
Goodwill
2,677
2,673
8,627
+0.1%
Intangible assets
1,202
2,643
3,004
-54.5%
Investments
252
388
9.0
-35.1%
Cash and equivalents
1,791
1,774
4,247
+1.0%
Receivables
708
809
649
-12.5%
Other assets
8,645
6,694
701
+29.1%
Total assets
15,938
15,759
18,174
+1.1%
10-K for the year ended 29 March 2019, filed 24 May 2019: the filing.