Gen Digital Inc
For the period ended Mar 29, 2024. Filed May 16, 2024.
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FY2024 · Filed May 16, 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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Consolidated Statements of Stockholders’ Equity (Deficit)
(In millions, except share amounts)
| 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 2, 2021 | 580 | $2,229 | $47 | $(2,776) | $(500) |
| Net income (loss) | — | — | — | 836 | 836 |
| Other comprehensive income (loss), net of taxes | — | — | (51) | — | (51) |
| Common stock issued under employee stock incentive plans | 3 | 14 | — | — | 14 |
| Shares withheld for taxes related to vesting of stock units | (1) | (16) | — | — | (16) |
| Cash dividends declared ($0.50 per share of common stock) and dividend equivalents accrued | — | (294) | — | — | (294) |
| Stock-based compensation | — | 70 | — | — | 70 |
| Extinguishment of convertible debt | — | (152) | — | — | (152) |
| Balance as of April 1, 2022 | 582 | 1,851 | (4) | (1,940) | (93) |
| Net income (loss) | — | — | — | 1,349 | 1,349 |
| Other comprehensive income (loss), net of taxes | — | — | (11) | — | (11) |
| Common stock issued under employee stock incentive plans | 5 | 12 | — | — | 12 |
| Shares withheld for taxes related to vesting of stock units | (1) | (19) | — | — | (19) |
| Repurchases of common stock | (40) | (904) | — | — | (904) |
| Cash dividends declared ($0.50 per share of common stock) and dividend equivalents accrued | — | (308) | — | — | (308) |
| Stock-based compensation | — | 134 | — | — | 134 |
| Extinguishment of convertible debt | — | (100) | — | — | (100) |
| Cumulative effect adjustment from adoption of ASU 2020-06 (1) | — | (7) | — | 6 | (1) |
| Acquisition consideration | 94 | 2,141 | — | — | 2,141 |
| Balance as of March 31, 2023 | 640 | 2,800 | (15) | (585) | 2,200 |
| Net income (loss) | — | — | — | 616 | 616 |
| Other comprehensive income (loss), net of taxes | — | — | 26 | — | 26 |
| Common stock issued under employee stock incentive plans | 6 | 12 | — | — | 12 |
| Shares withheld for taxes related to vesting of stock units | (2) | (26) | — | — | (26) |
| Repurchases of common stock (2) | (21) | (444) | — | — | (444) |
| Cash dividends declared ($0.50 per share of common stock) and dividend equivalents accrued | — | (253) | — | (72) | (325) |
| Stock-based compensation | — | 138 | — | — | 138 |
| Balance as of March 29, 2024 | 623 | $2,227 | $11 | $(41) | $2,197 |
(1)Effective on April 2, 2022, we adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method.
(2)Amount includes excise tax on share repurchases.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.