Gen Digital Inc
For the period ended Dec 29, 2023. Filed Feb 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 29, 2023 · Filed Feb 5, 2024
GEN$30.01+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Unaudited, in millions, except par value per share amounts)
| December 29, 2023 | March 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $490 | $750 |
| Accounts receivable, net | 160 | 168 |
| Other current assets | 1,055 | 284 |
| Assets held for sale | 15 | 31 |
| Total current assets | 1,720 | 1,233 |
| Property and equipment, net | 76 | 76 |
| Operating lease assets | 34 | 43 |
| Intangible assets, net | 2,745 | 3,097 |
| Goodwill | 10,231 | 10,217 |
| Other long-term assets | 1,476 | 1,281 |
| Total assets | $16,282 | $15,947 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $62 | $77 |
| Accrued compensation and benefits | 64 | 102 |
| Current portion of long-term debt | 175 | 233 |
| Contract liabilities | 1,666 | 1,708 |
| Current operating lease liabilities | 16 | 26 |
| Other current liabilities | 580 | 703 |
| Total current liabilities | 2,563 | 2,849 |
| Long-term debt | 9,081 | 9,529 |
| Long-term contract liabilities | 78 | 80 |
| Deferred income tax liabilities | 265 | 395 |
| Long-term income taxes payable | 1,210 | 820 |
| Long-term operating lease liabilities | 28 | 31 |
| Other long-term liabilities | 639 | 43 |
| Total liabilities | 13,864 | 13,747 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ equity (deficit): | ||
| Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 637 and 640 shares issued and outstanding as of December 29, 2023 and March 31, 2023, respectively | 2,502 | 2,800 |
| Accumulated other comprehensive income (loss) | 19 | (15) |
| Retained earnings (accumulated deficit) | (103) | (585) |
| Total stockholders’ equity (deficit) | 2,418 | 2,200 |
| Total liabilities and stockholders’ equity (deficit) | $16,282 | $15,947 |
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