Gen Digital (GEN) FY2023 results: revenue $3.3 billion, up 18.6% on the year
Gen Digital Inc. (GEN) reported revenue of $3.3 billion for fiscal 2023, the year ended 31 March 2023, up 18.6% on the year before. Net income was $1.3 billion, up 59.6%, and diluted earnings per share $2.14. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2023.
Revenue
$3.3 billion
+18.6% on the year
FY2016FY2023
Operating margin
36.4%
35.9% a year earlier
FY2016FY2023
Net income
$1.3 billion
+59.6% on the year
FY2016FY2023
Diluted EPS
$2.14
+51.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
757
974
706
-22.3%
Capital expenditure
6.0
6.0
6.0
0.0%
Free cash flow
751
968
700
-22.4%
Free cash flow margin
22.6%
34.6%
27.4%
Cash from investing
-6,547
326
-69.0
Cash from financing
4,681
-333
-1,903
Depreciation and amortisation
329
140
150
+135.0%
Share-based compensation
134
70.0
81.0
+91.4%
Buybacks
904
0.0
304
Dividends paid
314
303
373
+3.6%
Dividend per share
$0.50
$0.50
$0.50
0.0%
Diluted shares, weighted
624m
591m
600m
+5.6%
Shares outstanding at period end
640m
582m
580m
+10.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,152
-126
-500
Debt
9,762
3,736
3,601
+161.3%
Operating lease liabilities
31.0
75.0
66.0
-58.7%
Other liabilities
4,002
3,258
3,194
+22.8%
Total liabilities and equity
15,947
6,943
6,361
+129.7%
Fixed assets
76.0
60.0
78.0
+26.7%
Goodwill
10,217
2,873
2,867
+255.6%
Intangible assets
3,097
1,023
1,116
+202.7%
Investments
0.0
4.0
18.0
Cash and equivalents
750
1,887
933
-60.3%
Receivables
168
120
117
+40.0%
Other assets
1,639
976
1,232
+67.9%
Total assets
15,947
6,943
6,361
+129.7%
10-K for the year ended 31 March 2023, filed 25 May 2023: the filing.