Gen Digital Inc
For the period ended Sep 27, 2024. Filed Oct 31, 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.
Sep 27, 2024 · Filed Oct 31, 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 Balance Sheets
(Unaudited, in millions, except par value per share amounts)
| September 27, 2024 | March 29, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $737 | $846 |
| Accounts receivable, net | 164 | 163 |
| Other current assets | 297 | 334 |
| Assets held for sale | 24 | 15 |
| Total current assets | 1,222 | 1,358 |
| Property and equipment, net | 60 | 72 |
| Intangible assets, net | 2,442 | 2,638 |
| Goodwill | 10,235 | 10,210 |
| Other long-term assets | 1,512 | 1,515 |
| Total assets | $15,471 | $15,793 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $99 | $66 |
| Accrued compensation and benefits | 74 | 78 |
| Current portion of long-term debt | 1,391 | 175 |
| Contract liabilities | 1,749 | 1,808 |
| Other current liabilities | 509 | 599 |
| Total current liabilities | 3,822 | 2,726 |
| Long-term debt | 7,137 | 8,429 |
| Long-term contract liabilities | 78 | 76 |
| Deferred income tax liabilities | 248 | 261 |
| Long-term income taxes payable | 1,396 | 1,490 |
| Other long-term liabilities | 692 | 671 |
| Total liabilities | 13,373 | 13,653 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity (deficit): | ||
| Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 616 and 623 shares issued and outstanding as of September 27, 2024 and March 29, 2024, respectively | 1,995 | 2,227 |
| Accumulated other comprehensive income (loss) | 14 | 11 |
| Retained earnings (accumulated deficit) | 89 | (98) |
| Total stockholders’ equity (deficit) | 2,098 | 2,140 |
| Total liabilities and stockholders’ equity (deficit) | $15,471 | $15,793 |
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