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 Statements of Cash Flows
(Unaudited, in millions)
| Nine Months Ended | ||
|---|---|---|
| December 29, 2023 | December 30, 2022 | |
| OPERATING ACTIVITIES: | ||
| Net income (loss) | $482 | $434 |
| Adjustments: | ||
| Amortization and depreciation | 374 | 203 |
| Impairments and write-offs of current and long-lived assets | (1) | (5) |
| Stock-based compensation expense | 107 | 95 |
| Deferred income taxes | (970) | (50) |
| Loss (gain) on extinguishment of debt | — | 9 |
| Gain on sale of property | (9) | — |
| Non-cash operating lease expense | 15 | 17 |
| Other | 25 | (15) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable, net | 7 | 8 |
| Accounts payable | (18) | (10) |
| Accrued compensation and benefits | (38) | — |
| Contract liabilities | (40) | (62) |
| Income taxes payable | 341 | (125) |
| Other assets | (42) | 38 |
| Other liabilities | 433 | (104) |
| Net cash provided by (used in) operating activities | 666 | 433 |
| INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (17) | (5) |
| Payments for acquisitions, net of cash acquired | — | (6,547) |
| Proceeds from the maturities and sales of short-term investments | — | 4 |
| Proceeds from the sale of property | 25 | — |
| Other | (4) | 2 |
| Net cash provided by (used in) investing activities | 4 | (6,546) |
| FINANCING ACTIVITIES: | ||
| Repayments of debt | (525) | (2,738) |
| Proceeds from issuance of debt, net of issuance costs | — | 8,954 |
| Net proceeds from sales of common stock under employee stock incentive plans | 6 | 6 |
| Tax payments related to vesting of stock units | (25) | (20) |
| Dividends and dividend equivalents paid | (245) | (234) |
| Repurchases of common stock | (141) | (904) |
| Net cash provided by (used in) financing activities | (930) | 5,064 |
| Effect of exchange rate fluctuations on cash and cash equivalents | — | (26) |
| Change in cash and cash equivalents | (260) | (1,075) |
| Beginning cash and cash equivalents | 750 | 1,887 |
| Ending cash and cash equivalents | $490 | $812 |
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