Gen Digital (Gen Digital) Retained Earnings : $-103 Mil (As of Dec. 2023)

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What is Gen Digital Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gen Digital's retained earnings for the quarter that ended in Dec. 2023 was $-103 Mil.

Gen Digital's quarterly retained earnings increased from Jun. 2023 ($-396 Mil) to Sep. 2023 ($-247 Mil) and increased from Sep. 2023 ($-247 Mil) to Dec. 2023 ($-103 Mil).

Gen Digital's annual retained earnings increased from Mar. 2021 ($-2,776 Mil) to Mar. 2022 ($-1,940 Mil) and increased from Mar. 2022 ($-1,940 Mil) to Mar. 2023 ($-585 Mil).

Gen Digital Retained Earnings Historical Data

The historical data trend for Gen Digital's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gen Digital Retained Earnings Chart

Gen Digital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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933.00

-3,330.00

-2,776.00

-1,940.00

-585.00

Gen Digital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-1,500.00	-585.00	-396.00	-247.00	-103.00

Gen Digital Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Gen Digital (NAS:GEN) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Gen Digital (Gen Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gen Digital Inc (NAS:GEN) » Definitions » Retained Earnings

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GEN:Mexico SYM:Germany GEN:Czech Republic

Address

60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, USA, 85281

Website

https://www.gendigital.com

Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.

Executives

Ondrej Vlcek	officer: President	110 HIGH HOLBORN, LONDON X0 WC1V 6JS
Natalie Marie Derse	officer: CFO	60 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Pavel Baudis	director	110 HIGH HOLBORN, LONDON X0 WC1V 6JS
Peter A Feld	director	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Emily Heath	director	60 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Sherrese M Smith	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012
Matthew Charles Brown	officer: VP, Finance & CAO	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Samir Kapuria	officer: EVP, Cyber Security Services	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Eric Brandt	director	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Bryan Seuk Ko	officer: EVP, General Counsel and Secre	80 E RIO SALADO PARKWAY, SUITE 1000, TEMPE AZ 85281
Nora Denzel	director	C/O OVERLAND STORAGE, INC., 4820 OVERLAND AVENUE, SAN DIEGO CA 92123
Slp Iv Seal Ii Gp, L.l.c.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp Iv Seal Ii Holdings, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Vincent Pilette	officer: EVP, Finance	303 VELOCITY WAY, FOSTER CITY CA 94404
Gregory S. Clark	director, officer: CEO	EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626