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 Stockholders’ Equity (Deficit)
(Unaudited, in millions, except share amounts)
| Three months ended December 29, 2023 · Common Stock and Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Retained Earnings (Accumulated Deficit) · Total Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance as of September 29, 2023 | 641 | $2,655 | $6 | $(247) | $2,414 |
| Net income (loss) | — | — | — | 144 | 144 |
| Other comprehensive income (loss), net of taxes | — | — | 13 | — | 13 |
| Shares withheld for taxes related to vesting of stock units | — | (6) | — | — | (6) |
| Repurchases of common stock | (4) | (100) | — | — | (100) |
| Cash dividends declared ($0.125 per share of common stock) and dividend equivalents accrued | — | (82) | — | — | (82) |
| Stock-based compensation | — | 35 | — | — | 35 |
| Balance as of December 29, 2023 | 637 | $2,502 | $19 | $(103) | $2,418 |
| Nine months ended December 29, 2023 · Common Stock and Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Retained Earnings (Accumulated Deficit) · Total Stockholders’ Equity (Deficit) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||
| Balance as of March 31, 2023 | 640 | $2,800 | $(15) | $(585) | $2,200 | ||||
| Net income (loss) | — | — | — | 482 | 482 | ||||
| Other comprehensive income (loss), net of taxes | — | — | 34 | — | 34 | ||||
| Common stock issued under employee stock incentive plans | 5 | 6 | — | — | 6 | ||||
| Shares withheld for taxes related to vesting of stock units | (1) | (25) | — | — | (25) | ||||
| Repurchases of common stock | (7) | (141) | — | — | (141) | ||||
| Cash dividends declared ($0.375 per share of common stock) and dividend equivalents accrued | — | (245) | — | — | (245) | ||||
| Stock-based compensation | — | 107 | — | — | 107 | ||||
| Balance as of December 29, 2023 | 637 | $2,502 | $19 | $(103) | $2,418 | ||||
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
(Unaudited, in millions, except share amounts)
| Three Months Ended December 30, 2022 · Common Stock and Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Retained Earnings (Accumulated Deficit) · Total Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance as of September 30, 2022 | 661 | $3,378 | $(15) | $(1,665) | $1,698 |
| Net income (loss) | — | — | — | 165 | 165 |
| Other comprehensive income (loss), net of taxes | — | — | (13) | — | (13) |
| Common stock issued under employee stock incentive plans | 1 | — | — | — | — |
| Shares withheld for taxes related to vesting of stock units | — | (1) | — | — | (1) |
| Repurchases of common stock | (23) | (500) | — | — | (500) |
| Cash dividends declared ($0.125 per share of common stock) and dividend equivalents accrued | — | (81) | — | — | (81) |
| Stock-based compensation | — | 42 | — | — | 42 |
| Balance as of December 30, 2022 | 639 | $2,838 | $(28) | $(1,500) | $1,310 |
| Nine months ended December 30, 2022 · Common Stock and Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Retained Earnings (Accumulated Deficit) · Total Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance as of April 1, 2022 | 582 | $1,851 | $(4) | $(1,940) | $(93) |
| Net income (loss) | — | — | — | 434 | 434 |
| Other comprehensive income (loss), net of taxes | — | — | (24) | — | (24) |
| Common stock issued under employee stock incentive plans | 4 | 6 | — | — | 6 |
| Shares withheld for taxes related to vesting of stock units | (1) | (17) | — | — | (17) |
| Repurchases of common stock | (40) | (904) | — | — | (904) |
| Cash dividends declared ($0.375 per share of common stock) and dividend equivalents accrued | — | (227) | — | — | (227) |
| Stock-based compensation | — | 95 | — | — | 95 |
| Extinguishment of convertible debt | — | (100) | — | — | (100) |
| Cumulative effect adjustment from adoption of ASU 2020-06 (1) | — | (7) | — | 6 | (1) |
| Merger consideration | 94 | 2,141 | — | — | 2,141 |
| Balance as of December 30, 2022 | 639 | $2,838 | $(28) | $(1,500) | $1,310 |
(1)Effective on April 2, 2022, the Company adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.