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
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Year Ended | |||
|---|---|---|---|
| March 29, 2024 | March 31, 2023 | April 1, 2022 | |
| OPERATING ACTIVITIES: | |||
| Net income | $616 | $1,349 | $836 |
| Adjustments: | |||
| Amortization and depreciation | 485 | 329 | 140 |
| Impairments and write-offs of current and long-lived assets | (3) | 25 | 13 |
| Stock-based compensation expense | 138 | 134 | 70 |
| Deferred income taxes | (991) | (145) | (81) |
| Loss (gain) on extinguishment of debt | — | 9 | 3 |
| Gain on sale of properties | (9) | — | (175) |
| Non-cash operating lease expense | 18 | 23 | 20 |
| Impairment on non-marketable equity investments | 40 | — | — |
| Other | 22 | 2 | 1 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | 7 | 11 | (9) |
| Accounts payable | (12) | (8) | 10 |
| Accrued compensation and benefits | (24) | (6) | (26) |
| Contract liabilities | 35 | (5) | 67 |
| Income taxes payable | 446 | (128) | (78) |
| Other assets | 864 | (696) | (7) |
| Other liabilities | 432 | (137) | 190 |
| Net cash provided by (used in) operating activities | 2,064 | 757 | 974 |
| INVESTING ACTIVITIES: | |||
| Purchases of property and equipment | (20) | (6) | (6) |
| Payments for acquisitions, net of cash acquired | — | (6,547) | (39) |
| Proceeds from the maturities and sales of short-term investments | — | 4 | 15 |
| Proceeds from the sale of properties | 25 | — | 355 |
| Other | (3) | 2 | 1 |
| Net cash provided by (used in) investing activities | 2 | (6,547) | 326 |
| FINANCING ACTIVITIES: | |||
| Repayments of debt and related equity component | (1,183) | (3,047) | (541) |
| Proceeds from issuance of debt, net of issuance costs | — | 8,954 | 512 |
| Net proceeds from sales of common stock under employee stock incentive plans | 12 | 12 | 14 |
| Tax payments related to vesting of stock units | (26) | (20) | (15) |
| Dividends and dividend equivalents paid | (323) | (314) | (303) |
| Repurchases of common stock | (441) | (904) | — |
| Net cash provided by (used in) financing activities | (1,961) | 4,681 | (333) |
| Effect of exchange rate fluctuations on cash and cash equivalents | (9) | (28) | (13) |
| Change in cash and cash equivalents | 96 | (1,137) | 954 |
| Beginning cash and cash equivalents | 750 | 1,887 | 933 |
| Ending cash and cash equivalents | $846 | $750 | $1,887 |
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