Gen Digital (GEN) FY2020 results: revenue $2.5 billion, up 1.4% on the year
Gen Digital Inc. (GEN) reported revenue of $2.5 billion for fiscal 2020, the year ended 3 April 2020, up 1.4% on the year before. Net income was $3.9 billion, up 12438.7%, and diluted earnings per share $6.05. The figures are the company's own, from the 10-K it filed with the SEC on 28 May 2020.
Revenue
$2.5 billion
+1.4% on the year
FY2013FY2020
Operating margin
14.3%
6.4% a year earlier
FY2013FY2020
Net income
$3.9 billion
+12,438.7% on the year
FY2013FY2020
Diluted EPS
$6.05
+12,000.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,490
2,456
2,559
+1.4%
Cost of revenue
393
455
463
-13.6%
Gross profit
2,097
2,001
2,096
+4.8%
Gross margin
84.2%
81.5%
81.9%
Research and development
328
420
455
-21.9%
Operating income
355
158
-154
+124.7%
Operating margin
14.3%
6.4%
-6.0%
Pre-tax income
819
-107
244
Income tax
241
3.0
-720
+7,933.3%
Effective tax rate
29.4%
n/a
-295.1%
Net income
3,887
31.0
1,138
+12,438.7%
Net margin
156.1%
1.3%
44.5%
Diluted EPS
$6.05
$0.05
$1.70
+12,000.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-861
1,495
950
Capital expenditure
89.0
207
142
-57.0%
Free cash flow
-950
1,288
808
Free cash flow margin
-38.2%
52.4%
31.6%
Cash from investing
11,379
-241
-21.0
Cash from financing
-10,123
-1,209
-3,475
Depreciation and amortisation
361
615
640
-41.3%
Share-based compensation
312
352
610
-11.4%
Buybacks
1,581
234
0.0
+575.6%
Dividends paid
7,481
217
211
+3,347.5%
Dividend per share
$12.40
$0.30
$0.30
+4,033.3%
Diluted shares, weighted
643m
661m
668m
-2.7%
Shares outstanding at period end
589m
630m
624m
-6.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10.0
5,738
5,023
-99.8%
Debt
4,221
4,452
5,026
-5.2%
Operating lease liabilities
73.0
n/a
n/a
Other liabilities
3,431
5,748
5,710
-40.3%
Total liabilities and equity
7,735
15,938
15,759
-51.5%
Fixed assets
238
663
778
-64.1%
Goodwill
2,585
2,677
2,673
-3.4%
Intangible assets
1,067
1,202
2,643
-11.2%
Investments
86.0
252
388
-65.9%
Cash and equivalents
2,177
1,791
1,774
+21.6%
Receivables
111
708
809
-84.3%
Other assets
1,471
8,645
6,694
-83.0%
Total assets
7,735
15,938
15,759
-51.5%
10-K for the year ended 3 April 2020, filed 28 May 2020: the filing.