Gen Digital (GEN) FY2021 results: revenue $2.6 billion, up 2.4% on the year
Gen Digital Inc. (GEN) reported revenue of $2.6 billion for fiscal 2021, the year ended 2 April 2021, up 2.4% on the year before. Net income was $554 million, down 85.7%, and diluted earnings per share $0.92. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2021.
Revenue
$2.6 billion
+2.4% on the year
FY2014FY2021
Operating margin
35.1%
14.3% a year earlier
FY2014FY2021
Net income
$554 million
-85.7% on the year
FY2014FY2021
Diluted EPS
$0.92
-84.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
2,551
2,490
2,456
+2.4%
Cost of revenue
362
393
455
-7.9%
Gross profit
2,189
2,097
2,001
+4.4%
Gross margin
85.8%
84.2%
81.5%
Research and development
267
328
420
-18.6%
Operating income
896
355
158
+152.4%
Operating margin
35.1%
14.3%
6.4%
Pre-tax income
872
819
-107
+6.5%
Income tax
176
241
3.0
-27.0%
Effective tax rate
20.2%
29.4%
n/a
Net income
554
3,887
31.0
-85.7%
Net margin
21.7%
156.1%
1.3%
Diluted EPS
$0.92
$6.05
$0.05
-84.8%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
706
-861
1,495
Capital expenditure
6.0
89.0
207
-93.3%
Free cash flow
700
-950
1,288
Free cash flow margin
27.4%
-38.2%
52.4%
Cash from investing
-69.0
11,379
-241
Cash from financing
-1,903
-10,123
-1,209
Depreciation and amortisation
150
361
615
-58.4%
Share-based compensation
81.0
312
352
-74.0%
Buybacks
304
1,581
234
-80.8%
Dividends paid
373
7,481
217
-95.0%
Dividend per share
$0.50
$12.40
$0.30
-96.0%
Diluted shares, weighted
600m
643m
661m
-6.7%
Shares outstanding at period end
580m
589m
630m
-1.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-500
10.0
5,738
Debt
3,601
4,221
4,452
-14.7%
Operating lease liabilities
66.0
73.0
n/a
-9.6%
Other liabilities
3,194
3,431
5,748
-6.9%
Total liabilities and equity
6,361
7,735
15,938
-17.8%
Fixed assets
78.0
238
663
-67.2%
Goodwill
2,867
2,585
2,677
+10.9%
Intangible assets
1,116
1,067
1,202
+4.6%
Investments
18.0
86.0
252
-79.1%
Cash and equivalents
933
2,177
1,791
-57.1%
Receivables
117
111
708
+5.4%
Other assets
1,232
1,471
8,645
-16.2%
Total assets
6,361
7,735
15,938
-17.8%
10-K for the year ended 2 April 2021, filed 21 May 2021: the filing.