Gen Digital Inc.
For the period ended Mar 28, 2025. Filed May 15, 2025.
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FY2025 · Filed May 15, 2025
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 28, 2025 | March 29, 2024 | March 31, 2023 | |
| OPERATING ACTIVITIES: | |||
| Net income (loss) | $643 | $607 | $1,334 |
| Adjustments: | |||
| Amortization and depreciation | 419 | 485 | 329 |
| Impairments and write-offs of current and long-lived assets | 7 | (3) | 25 |
| Stock-based compensation expense | 133 | 138 | 134 |
| Deferred income taxes | (32) | (991) | (145) |
| Loss (gain) on extinguishment of debt | — | — | 9 |
| Gain on sale of properties | — | (9) | — |
| Non-cash operating lease expense | 16 | 18 | 23 |
| Impairment on non-marketable equity investments | 30 | 40 | — |
| Legal contract dispute cost (Note 1) | 66 | — | — |
| Other | 11 | 22 | 2 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | (53) | 7 | 11 |
| Accounts payable | 26 | (12) | (8) |
| Accrued compensation and benefits | 27 | (24) | (6) |
| Contract liabilities | 36 | 47 | 16 |
| Income taxes payable | (80) | 446 | (128) |
| Other assets | 86 | 861 | (702) |
| Other liabilities | (114) | 432 | (137) |
| Net cash provided by (used in) operating activities | 1,221 | 2,064 | 757 |
| INVESTING ACTIVITIES: | |||
| Purchases of property and equipment | (15) | (20) | (6) |
| Purchase of non-marketable equity investments | (4) | — | — |
| Payments for acquisitions, net of cash acquired | (84) | — | (6,547) |
| Proceeds from the maturities and sales of short-term investments | — | — | 4 |
| Proceeds from the sale of properties | — | 25 | — |
| Other | 3 | (3) | 2 |
| Net cash provided by (used in) investing activities | (100) | 2 | (6,547) |
| FINANCING ACTIVITIES: | |||
| Repayments of debt and related equity component | (1,311) | (1,183) | (3,047) |
| Proceeds from issuance of debt, net of issuance costs | 941 | — | 8,954 |
| Net proceeds from sales of common stock under employee stock incentive plans | 11 | 12 | 12 |
| Tax payments related to vesting of stock units | (26) | (26) | (20) |
| Dividends and dividend equivalents paid | (313) | (323) | (314) |
| Repurchases of common stock | (272) | (441) | (904) |
| Net cash provided by (used in) financing activities | (970) | (1,961) | 4,681 |
| Effect of exchange rate fluctuations on cash and cash equivalents | 9 | (9) | (28) |
| Change in cash and cash equivalents | 160 | 96 | (1,137) |
| Beginning cash and cash equivalents | 846 | 750 | 1,887 |
| Ending cash and cash equivalents | $1,006 | $846 | $750 |
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