Gen Digital (GEN) FY2024 results: revenue $3.8 billion, up 14.6% on the year
Gen Digital Inc. (GEN) reported revenue of $3.8 billion for fiscal 2024, the year ended 29 March 2024, up 14.6% on the year before. Net income was $607 million, down 54.5%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2024.
Revenue
$3.8 billion
+14.6% on the year
FY2017FY2024
Operating margin
29.2%
36.4% a year earlier
FY2017FY2024
Net income
$607 million
-54.5% on the year
FY2017FY2024
Diluted EPS
$0.95
-55.6% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,064
757
974
+172.7%
Capital expenditure
20.0
6.0
6.0
+233.3%
Free cash flow
2,044
751
968
+172.2%
Free cash flow margin
53.8%
22.6%
34.6%
Cash from investing
2.0
-6,547
326
Cash from financing
-1,961
4,681
-333
Depreciation and amortisation
485
329
140
+47.4%
Share-based compensation
138
134
70.0
+3.0%
Buybacks
441
904
0.0
-51.2%
Dividends paid
323
314
303
+2.9%
Dividend per share
$0.50
$0.50
$0.50
0.0%
Diluted shares, weighted
642m
624m
591m
+2.9%
Shares outstanding at period end
623m
640m
582m
-2.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,140
2,152
-126
-0.6%
Debt
8,604
9,762
3,736
-11.9%
Operating lease liabilities
38.0
31.0
75.0
+22.6%
Other liabilities
4,990
4,002
3,258
+24.7%
Total liabilities and equity
15,772
15,947
6,943
-1.1%
Fixed assets
72.0
76.0
60.0
-5.3%
Goodwill
10,210
10,217
2,873
-0.1%
Intangible assets
2,638
3,097
1,023
-14.8%
Investments
n/a
0.0
4.0
Cash and equivalents
846
750
1,887
+12.8%
Receivables
163
168
120
-3.0%
Other assets
1,843
1,639
976
+12.4%
Total assets
15,772
15,947
6,943
-1.1%
10-K for the year ended 29 March 2024, filed 16 May 2024: the filing.