UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 000-17781 Gen Digital Inc. (Exact name of the registrant as specified in its charter) | Delaware | | | | 77-0181864 | | --- | --- | - ...

Part I [Business](index=6&type=section&id=Item%201.%20Business) Gen Digital Inc. is a global Cyber Safety company, post-Avast merger, serving 500 million users and 65 million paid customers with security, privacy, and identity protection solutions through diverse channels - On September 12, 2022, the company completed its merger with Avast and subsequently changed its name from NortonLifeLock, Inc. to Gen Digital, Inc. on November 7, 2022[11](index=11&type=chunk) - Gen Digital is a global company with a family of brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner, serving approximately **500 million users** in over **150 countries**[12](index=12&type=chunk) - As of March 31, 2023, the company has approximately **65 million paid Cyber Safety customers**, including over **38 million direct customers**[16](index=16&type=chunk) - The company utilizes a three-pronged go-to-market strategy: direct-to-consumer via e-commerce, indirect partner channels (retailers, telecoms, OEMs), and freemium models acquired with Avast and Avira[18](index=18&type=chunk)[19](index=19&type=chunk) - The company's strategic growth levers are: extending international reach, increasing value through cross-selling and up-selling, and growing customer loyalty and retention[22](index=22&type=chunk) - The company's solutions are categorized into Security and Performance, Identity Protection, and Online Privacy, offered through comprehensive membership plans or as standalone point solutions[24](index=24&type=chunk)[27](index=27&type=chunk) - Gen Digital holds a portfolio of over **1,000 U.S. and international patents** and has cross-license access to an additional **2,100 patents** from Broadcom[50](index=50&type=chunk)[51](index=51&type=chunk) - As of March 31, 2023, the company employed just under **3,700 employees** in nearly **30 countries**, with dual headquarters in Tempe, Arizona, and Prague, Czech Republic[46](index=46&type=chunk) [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including intense competition, operational complexities, cybersecurity threats, stringent regulations, intellectual property claims, and substantial indebtedness of approximately **$9.9 billion** - The company faces intense competition from a wide range of companies, including software vendors (Bitdefender, McAfee), operating system providers (Apple, Google, Microsoft), and specialized 'pure play' companies[63](index=63&type=chunk)[64](index=64&type=chunk) - Acquisitions and divestitures, such as the 2022 merger with Avast and the 2019 sale of enterprise assets to Broadcom, present significant risks including integration challenges, diversion of management attention, and assumption of liabilities[68](index=68&type=chunk)[69](index=69&type=chunk) - The business is subject to cybersecurity events, and despite significant investments, the company expects to remain a target of sophisticated attacks which could harm its reputation and sales[91](index=91&type=chunk) - The company processes a large volume of personal information, subjecting it to numerous and evolving privacy laws such as GDPR and CCPA, with non-compliance potentially leading to significant fines and reputational damage[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk) - The company is dependent on Broadcom for critical Engine-Related Services for its Norton branded endpoint security solution, following the sale of its Enterprise Security business[101](index=101&type=chunk)[102](index=102&type=chunk) - The company is subject to a high degree of regulation, including consent decrees with the FTC and state attorneys general, which impose restrictions on its business practices[109](index=109&type=chunk) - As of March 31, 2023, the company had an aggregate of **$9,899 million** in outstanding indebtedness, which requires a substantial portion of cash flow for service payments and exposes the company to interest rate fluctuations[120](index=120&type=chunk) - The Amended and Restated Credit Agreement imposes restrictive covenants that limit the company's ability to incur additional debt, create liens, pay dividends, and make other restricted payments[123](index=123&type=chunk)[128](index=128&type=chunk) [Unresolved Staff Comments](index=26&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved written comments from the SEC staff regarding its periodic or current reports - There are no unresolved staff comments as of the reporting date[140](index=140&type=chunk) [Properties](index=26&type=section&id=Item%202.%20Properties) This item is not applicable for the current reporting period - Item 2 is marked as 'Not applicable'[141](index=141&type=chunk) [Legal Proceedings](index=26&type=section&id=Item%203.%20Legal%20Proceedings) Information regarding legal proceedings is incorporated by reference from Note 18, 'Commitments and Contingencies,' in the Consolidated Financial Statements - Details on legal proceedings are located in Note 18 of the financial statements[142](index=142&type=chunk) [Mine Safety Disclosures](index=26&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable for the current reporting period - Item 4 is marked as 'Not applicable'[143](index=143&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=27&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq under 'GEN', with **$870 million** remaining authorized for future stock repurchases - The company's common stock is traded on the Nasdaq Global Select Market under the ticker symbol "GEN"[146](index=146&type=chunk) - As of March 31, 2023, **$870 million** remained authorized for future stock repurchases with no expiration date[150](index=150&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2023 financial performance was significantly impacted by the Avast merger, leading to **$3.34 billion** in net revenues, **$1.35 billion** in net income, and **$9.9 billion** in total debt, with operating cash flow decreasing to **$757 million** - The merger with Avast was completed on September 12, 2022, significantly altering the company's size, operations, and financial metrics[156](index=156&type=chunk)[158](index=158&type=chunk) Key Financial Metrics (Fiscal Year 2023 vs 2022) | Metric | FY 2023 (In millions) | FY 2022 (In millions) | Change | | :--- | :--- | :--- | :--- | | Net revenues | $3,338 | $2,796 | +$542M | | Operating income | $1,227 | $1,005 | +$222M | | Net income | $1,349 | $836 | +$513M | | Net cash from operating activities | $757 | $974 | -$217M | - The increase in net revenues was primarily due to the contribution from Avast post-merger and higher sales in consumer security and identity protection products, partially offset by unfavorable foreign currency fluctuations[164](index=164&type=chunk)[177](index=177&type=chunk) - The company's effective tax rate was **(68)%** in fiscal 2023 compared to **20%** in fiscal 2022, mainly due to a tax capital loss and releases of uncertain tax positions[195](index=195&type=chunk)[196](index=196&type=chunk) - Cash from investing activities was a net use of **$6.55 billion**, primarily for the cash consideration paid for the Avast merger[201](index=201&type=chunk)[203](index=203&type=chunk) - Cash from financing activities was a net provision of **$4.68 billion**, driven by proceeds from new debt issuance to fund the merger, partially offset by debt repayments and stock repurchases[201](index=201&type=chunk)[204](index=204&type=chunk) - As of March 31, 2023, the company had total debt of **$9.9 billion** and **$870 million** remaining under its stock repurchase authorization[216](index=216&type=chunk)[219](index=219&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=37&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company manages market risks from interest rate fluctuations on **$7.3 billion** variable-rate debt and foreign currency exposure through interest rate swaps and forward contracts - The company is exposed to interest rate risk with **$7,292 million** in variable-rate debt outstanding as of March 31, 2023, where a hypothetical **100 basis point** change in SOFR would result in a **$73 million** change in annual interest expense[223](index=223&type=chunk) - In March 2023, the company entered into interest rate swap agreements to hedge the variability of interest payments on **$1 billion** of its Term A Facility, effectively converting it to fixed rates of **3.762%** and **3.55%** until March 2026[224](index=224&type=chunk) - The company has significant exposure to foreign currency exchange rate risk due to its global operations and uses monthly foreign exchange forward contracts to hedge balance sheet exposures[226](index=226&type=chunk)[228](index=228&type=chunk) [Financial Statements and Supplementary Data](index=38&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section incorporates by reference the Consolidated Financial Statements and related disclosures from Part IV, Item 15 of the Annual Report - The Consolidated Financial Statements are incorporated by reference from Item 15[231](index=231&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=38&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no disagreements with its accountants on accounting principles, practices, or financial statement disclosure - There were no disagreements with accountants on accounting and financial disclosure[232](index=232&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of March 31, 2023, excluding the recently acquired Avast business from the internal control assessment - The CEO and CFO concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level as of March 31, 2023[234](index=234&type=chunk) - Management concluded that internal control over financial reporting was effective as of March 31, 2023, based on the COSO framework[235](index=235&type=chunk)[237](index=237&type=chunk) - The recently acquired Avast business was excluded from management's assessment of internal control over financial reporting for the fiscal year ended March 31, 2023[236](index=236&type=chunk) [Other Information](index=38&type=section&id=Item%209B.%20Other%20Information) No other information was reported for this period - No other information was reported[240](index=240&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=38&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable for the current reporting period - Item 9C is marked as 'Not applicable'[241](index=241&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=39&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the forthcoming 2023 Proxy Statement - Required information is incorporated by reference from the forthcoming 2023 Proxy Statement[243](index=243&type=chunk) [Executive Compensation](index=39&type=section&id=Item%2011.%20Executive%20Compensation) Information on executive compensation, excluding 'Pay Versus Performance,' is incorporated by reference from the forthcoming 2023 Proxy Statement - Required information is incorporated by reference from the forthcoming 2023 Proxy Statement[244](index=244&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=39&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership by beneficial owners and management is incorporated by reference from the forthcoming 2023 Proxy Statement - Required information is incorporated by reference from the forthcoming 2023 Proxy Statement[245](index=245&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=39&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related party transactions and director independence is incorporated by reference from the forthcoming 2023 Proxy Statement - Required information is incorporated by reference from the forthcoming 2023 Proxy Statement[246](index=246&type=chunk) [Principal Accountant Fees and Services](index=39&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information on principal accountant fees and services by KPMG, LLP is incorporated by reference from the forthcoming 2023 Proxy Statement - The company's independent auditor is KPMG, LLP. Required information on fees and services is incorporated by reference from the forthcoming 2023 Proxy Statement[247](index=247&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=40&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section includes the audited Consolidated Financial Statements, KPMG LLP's report, and exhibits, detailing financial position, operations, and cash flows, significantly impacted by the Avast merger [Report of Independent Registered Public Accounting Firm](index=41&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) KPMG LLP issued an unqualified opinion on the consolidated financial statements and effective internal controls, excluding Avast plc from the internal control audit, highlighting critical audit matters on net revenues and uncertain tax positions - KPMG issued an unqualified opinion on the consolidated financial statements and the effectiveness of internal control over financial reporting[253](index=253&type=chunk) - The audit of internal control over financial reporting excluded the recently acquired Avast plc[254](index=254&type=chunk) - Critical Audit Matters identified were: 1) Sufficiency of audit evidence over net revenues, and 2) Assessment of uncertain tax positions[260](index=260&type=chunk) [Consolidated Financial Statements](index=43&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements reflect the Avast merger, showing **$15.9 billion** in total assets, **$13.7 billion** in liabilities, **$3.34 billion** in net revenues, **$1.35 billion** in net income, and **$757 million** in operating cash flow for fiscal 2023 Consolidated Balance Sheet Highlights (As of March 31, 2023) | Account | Amount (in millions) | | :--- | :--- | | Total Current Assets | $1,233 | | Goodwill | $10,217 | | Intangible Assets, net | $3,097 | | **Total Assets** | **$15,947** | | Total Current Liabilities | $2,849 | | Long-term Debt | $9,529 | | **Total Liabilities** | **$13,747** | | **Total Stockholders' Equity** | **$2,200** | Consolidated Statement of Operations Highlights (For Fiscal Year Ended March 31, 2023) | Account | Amount (in millions) | | :--- | :--- | | Net Revenues | $3,338 | | Gross Profit | $2,749 | | Operating Income | $1,227 | | Income before income taxes | $804 | | Income tax benefit | $(545) | | **Net Income** | **$1,349** | Consolidated Statement of Cash Flows Highlights (For Fiscal Year Ended March 31, 2023) | Account | Amount (in millions) | | :--- | :--- | | Net cash from Operating Activities | $757 | | Net cash used in Investing Activities | $(6,547) | | Net cash from Financing Activities | $4,681 | | **Change in cash and cash equivalents** | **$(1,137)** | [Notes to the Consolidated Financial Statements](index=48&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes detail financial statements, including the Avast merger's impact on goodwill and intangibles, **$1.23 billion** in remaining performance obligations, **$9.9 billion** in debt, a **$910 million** tax capital loss, and a **$237 million** accrued loss for a patent infringement case - **Note 4 (Business Combinations):** The merger with Avast was completed on September 12, 2022, for a net consideration of **$8.7 billion**, resulting in the recognition of **$7.3 billion** in goodwill and **$2.4 billion** in identifiable intangible assets[347](index=347&type=chunk)[349](index=349&type=chunk)[353](index=353&type=chunk) - **Note 5 (Revenues):** As of March 31, 2023, the company had **$1.23 billion** in remaining performance obligations, with **94%** expected to be recognized as revenue in the next 12 months[365](index=365&type=chunk) - **Note 6 (Goodwill and Intangible Assets):** Goodwill increased from **$2.9 billion** in FY22 to **$10.2 billion** in FY23, primarily due to the Avast merger[367](index=367&type=chunk) - **Note 10 (Debt):** Total principal debt outstanding was **$9.9 billion** as of March 31, 2023, consisting primarily of term loans and senior notes used to finance the Avast merger[389](index=389&type=chunk) - **Note 12 (Restructuring):** A restructuring plan (September 2022 Plan) was initiated post-merger to achieve cost synergies, with total expected costs up to **$150 million**[428](index=428&type=chunk) - **Note 13 (Income Taxes):** A legal entity restructuring resulted in a tax capital loss, which is expected to generate a tax refund of **$910 million**, and the company has gross unrecognized tax benefits of **$710 million**[441](index=441&type=chunk)[442](index=442&type=chunk) - **Note 17 (Segment and Geographic Information):** The company operates as a single reportable segment, with FY23 revenues primarily from Consumer Security (**$2.0 billion**) and Identity/Information Protection (**$1.2 billion**), and the Americas contributing **68%** of revenue[475](index=475&type=chunk)[477](index=477&type=chunk) - **Note 18 (Commitments and Contingencies):** The company has accrued approximately **$237 million** for a patent infringement case involving Columbia University, reflecting the jury award and prejudgment interest[490](index=490&type=chunk)[493](index=493&type=chunk) [Form 10-K Summary](index=89&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable as no summary is provided - No Form 10-K summary was provided[524](index=524&type=chunk)

Gen Digital Inc. (NASDAQ:GEN) Q4 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants Mary Lai - Head, Investor Relations Vincent Pilette - Chief Executive Officer Natalie Derse - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Angie Song - Morgan Stanley Operator Good afternoon everyone. Thank you for standing by. My name is Lauren and I will be your conference operator today. I would like to welcome everyone to Gen's Fourth Quarter and Full Year 2023 Earni ...

FY23 Snapshot Core Cyber Safety Metrics Post-Avast Merger 65M $7.24 Customers Outside of U.S. NPS Score $3.7B+ Total Paid Customers Copyright © 2023 Gen Digital Inc. All rights reserved. 11 Note: Revenue, operating margin, and EPS are presented as non-GAAP. Direct monthly ARPU reflects 3 months ended March 31, 2023. See appendix for reconciliation of financial measures from GAAP to non-GAAP. Note: All numbers presented are non-GAAP unless otherwise indicated. See appendix for reconciliation of financial mea ...

Revenue Growth - Direct customer revenues increased to $818 million in Q3 2022, up from $624 million in Q3 2021, reflecting a 31% growth[177] - Total Cyber Safety revenues reached $913 million in Q3 2022, compared to $692 million in Q3 2021, a 32% increase[177] - Net revenues for Q3 2022 were $936 million, a 33% increase from $702 million in Q3 2021[164] - Net revenues increased by $234 million (33%) in Q3 2022 compared to Q3 2021, driven by Avast revenue and identity protection product sales, offset by $34 million in foreign exchange headwinds[175] - Net revenues increased by $311 million (15%) in the nine months ended December 30, 2022, compared to the same period in 2021, primarily due to Avast revenue and identity protection product sales, offset by $92 million in foreign exchange headwinds[176] - Net revenues for the three months ended December 30, 2022, were $936 million, a 33.3% increase from $702 million in the same period in 2021[11] Customer Growth - Direct customer count rose to 38.4 million at the end of Q3 2022, up from 24.2 million in Q3 2021, a 59% growth[177] Operating Expenses - Operating expenses increased by 32% to $390 million in Q3 2022, driven by higher headcount and IT costs related to the Avast merger[185] - Research and development expenses increased by 52% to $91 million in Q3 2022, driven by investments in new products and technologies[185] - Sales and marketing expenses increased by $23 million in Q3 2022, primarily due to a $21 million increase in headcount, IT, and facility costs[186] - Research and development expenses increased by $31 million in Q3 2022, driven by a $23 million increase in headcount, IT, and facility costs[186] - The company's total operating expenses for the nine months ended December 30, 2022, were $1,122 million, a 25.1% increase from $897 million in the same period in 2021[11] Net Income and Profitability - Net income for Q3 2022 was $165 million, down from $202 million in Q3 2021, reflecting a 18% decline[164] - Net income for the three months ended December 30, 2022, was $165 million, a decrease from $202 million in the same period in 2021[11] - The company's comprehensive income for the nine months ended December 30, 2022, was $410 million, compared to $691 million in the same period in 2021[14] - Net income for the nine months ended December 31, 2021, was $716 million[27] Cash Flow and Liquidity - Cash, cash equivalents, and short-term investments decreased to $812 million as of December 30, 2022, from $1,891 million as of April 1, 2022[164] - Cash flows from operating activities decreased by $215 million in the nine months ended December 30, 2022, primarily due to increased payments for taxes, debt interest, and merger-related costs[207] - Cash flows used in investing activities increased by $6,862 million, primarily due to the $6,547 million cash consideration paid for the Avast merger[208] - Cash flows from financing activities increased by $5,180 million, driven by proceeds from debt issuance, partially offset by debt repayments and stock repurchases[209] - Net cash provided by operating activities for the nine months ended December 31, 2021, was $648 million[27] - Net cash used in investing activities for the nine months ended December 31, 2022, was $6,546 million, primarily due to payments for acquisitions[27] - Net cash provided by financing activities for the nine months ended December 31, 2022, was $5,064 million, mainly from proceeds from the issuance of debt[27] Merger with Avast - The company completed the merger with Avast on September 12, 2022, issuing 94.2 million shares and paying $6.91 billion in cash consideration[162] - The company completed a merger with Avast for a total cash consideration of approximately $6,547 million, net of $363 million of cash acquired and $2,141 million non-cash consideration transferred[218] - The company expects to incur total restructuring costs up to $280 million, with $180 million and $100 million estimated to be incurred within the first and second full years, respectively, following the completion of the merger[224] Debt and Financing - The company entered into a $1,500 million revolving credit facility, a $3,910 million term loan A facility, a $3,690 million term loan B facility, and a $750 million bridge loan as part of the Merger with Avast[213] - The company issued $1,500 million in senior notes, consisting of 6.75% Senior Notes due 2027 and 7.125% Senior Notes due 2030[214] - The company paid $145 million in debt issuance costs associated with the senior credit facilities during the nine months ended December 30, 2022[213] - The company paid $14 million in debt issuance costs associated with the senior notes during the nine months ended December 30, 2022[214] - Total outstanding principal amount of indebtedness as of December 30, 2022, was $10,207 million, comprising $7,600 million in Term Loans, $2,600 million in Senior Notes, and $7 million in Mortgage Loans[221] - The company has $2,600 million in fixed-rate Senior Notes outstanding, with a carrying amount and fair value of $2,552 million as of December 30, 2022[230] - A hypothetical 1% change in SOFR would result in a $76 million increase in annualized interest expense on $7,600 million of variable-rate debt[231] - The company has a $1,500 million revolving credit facility with variable interest rates based on SOFR, exposing it to risks from adverse SOFR changes[231] Share Repurchases and Dividends - The company repurchased 23 million shares for $500 million in Q3 2022 and 40 million shares for $904 million in the nine months ended December 30, 2022[217] - The company repurchased $500 million worth of common stock during the three months ended December 30, 2022[18] - The remaining balance of the stock repurchase authorization as of December 30, 2022, was $870 million[223] - The company announced a cash dividend of $0.125 per share of common stock to be paid in March 2023[222] Tax and Financial Obligations - The effective tax rate for Q3 2022 was 24%, slightly higher than the 23% rate in Q3 2021, due to state taxes and U.S. taxation on foreign earnings[196] - Total contractual obligations as of December 30, 2022, were $14,271 million, including $10,207 million in debt principal payments and $3,166 million in interest payments on debt[227] - $614 million in long-term income taxes payable has been excluded from the quarterly review of timing of contractual obligations due to uncertainty in cash flow timing[228] Foreign Exchange and Currency Risks - The company conducts business in multiple currencies, including Euro, Japanese Yen, British Pound, Australian Dollar, Czech Koruna, and Canadian Dollar, exposing it to foreign exchange rate fluctuations[232] - Growth in international operations increases exposure to foreign currency fluctuations and volatile market conditions, potentially negatively affecting USD-denominated revenue[233] - The company uses monthly foreign exchange forward contracts to manage currency exposure on assets and liabilities denominated in non-functional currencies[234] - The company does not use derivative financial instruments for speculative trading and does not fully hedge foreign currency exposure[235] - The company’s cash flow and operating results may be materially impacted by foreign exchange gains or losses and related hedging activities[232] Equity and Stockholders' Equity - The company's total stockholders' equity as of December 30, 2022, was $1,310 million, compared to $1,698 million as of September 30, 2022[18]

Forward-Looking Statements Copyright © 2023 Gen Digital Inc. All rights reserved. 2 Product & Tech Highlights 2023 Cyber Safety Predictions It's expected that cybercriminals will trick victims into surrendering personal information, emptying their bank accounts, or spending money for products, services or "lottery winnings" that never arrive. • Companies cutting costs could lead to more breaches caused by chaos and sabotage, which can trickle down to making consumers vulnerable. • Weaker versions of 2-Facto ...

Gen Digital Inc. (NASDAQ:GEN) Q3 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Mary Lai - Head of Investor Relations Vincent Pilette - Chief Executive Officer Natalie Derse - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Operator Good afternoon, everyone. Thank you for standing by. My name is Francis and I’ll be your conference operator today. I would like to welcome everyone to Gen’s Third Quarter Fiscal Year 2 ...

NortonLifeLock Inc. (NASDAQ:GEN) Q2 2023 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Mary Lai - Head of Investor Relations Vincent Pilette - Chief Executive Officer Natalie Derse - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Matt Hedberg - RBC Fiona Hynes - Morgan Stanley Operator Good afternoon, everyone. Thank you for standing by. My name is Matt and I will be your conference operator today. I would like to welcome everyone to Gen's Second Quar ...

NortonLifeLock Inc. (NLOK) Q1 2023 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Mary Lai - Head of Investor Relations Vincent Pilette - Chief Executive Officer Natalie Derse - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Simran Biswal - RBC Fiona Hynes - Morgan Stanley Operator Good afternoon, everyone. Thank you for standing by. My name is Matt and I will be your conference operator today. I would like to welcome everyone to the NortonLifeLock Fisc ...

(V) NortonLifeLock" AUG 4, 2022 FY 2023 Q1 Earnings Copyright © 2022 NortonLifeLock Inc. All rights reserved. Copyright © 2022 NortonLifeLock Inc. All rights reserved. Forward-Looking Statements This presentation contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," or similar expressions, and variations or negatives of these ...