Gen Digital Inc

For the period ended Jun 28, 2024. Filed Aug 7, 2024.

About this filing

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.

Jun 28, 2024 · Filed Aug 7, 2024

GEN$30.01+0.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(Unaudited, in millions)

	Three Months Ended
	June 28, 2024	June 30, 2023
OPERATING ACTIVITIES:
Net income (loss)	$181	$187
Adjustments:
Amortization and depreciation	106	125
Stock-based compensation expense	31	37
Deferred income taxes	(10)	(60)
Gain on sale of property	—	(4)
Non-cash operating lease expense	3	6
Other	(2)	18
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	9	20
Accounts payable	17	(12)
Accrued compensation and benefits	(21)	(42)
Contract liabilities	(56)	(65)
Income taxes payable	81	28
Other assets	17	(27)
Other liabilities	(92)	15
Net cash provided by (used in) operating activities	264	226
INVESTING ACTIVITIES:
Purchases of property and equipment	(2)	(4)
Other	—	(2)
Net cash provided by (used in) investing activities	(2)	(6)
FINANCING ACTIVITIES:
Repayments of debt	(88)	(208)
Tax payments related to vesting of stock units	(24)	(18)
Dividends and dividend equivalents paid	(82)	(83)
Repurchases of common stock	(272)	(41)
Net cash provided by (used in) financing activities	(466)	(350)
Effect of exchange rate fluctuations on cash and cash equivalents	2	3
Change in cash and cash equivalents	(202)	(127)
Beginning cash and cash equivalents	846	750
Ending cash and cash equivalents	$644	$623

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.