Gen Digital Inc. (GEN) Cash Flow Statement
Where GEN’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- $1.54B +26.5% vs FY2025
- Capital expenditures
- $22.0M 0.4% of revenue
- Free cash flow
- $1.52B 30.5% margin
- Returned to shareholders
- $946.0M 62% of free cash flow
- Change in cash
- −$595.0M cash at year-end $411.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GEN operating cash flow, capex and free cash flow
GEN cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$220.0MFY2017 | $1.54BFY2026 | — | |
| Capital expenditures | $70.0MFY2017 | $22.0MFY2026 | −12.1%/yr | |
| Free cash flow | −$290.0MFY2017 | $1.52BFY2026 | — | |
| Free cash flow margin | −7.2%FY2017 | 30.5%FY2026 | +37.7 pts | |
| Operating cash flow / net income | 0.83FY2018 | 1.59FY2026 | +0.76 | |
| Stock-based compensation | $440.0MFY2017 | $237.0MFY2026 | −6.6%/yr | |
| Dividends paid | $222.0MFY2017 | $312.0MFY2026 | +3.9%/yr | |
| Share buybacks (net) | $500.0MFY2017 | $634.0MFY2026 | +2.7%/yr | |
| Capex / revenue | 1.7%FY2017 | 0.4%FY2026 | −1.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GEN cash flow by activity
GEN net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
GEN cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $973.0M | $643.0M | $607.0M | $1.35B | $836.0M | $554.0M | $3.89B | $16.0M | $1.15B | −$236.0M |
| Depreciation & amortization | $493.0M | $419.0M | $485.0M | $329.0M | $140.0M | $150.0M | $361.0M | $615.0M | $728.0M | $530.0M |
| Stock-based compensation | $237.0M | $134.0M | $138.0M | $134.0M | $70.0M | $81.0M | $312.0M | $352.0M | $619.0M | $440.0M |
| Change in working capital | −$647.0M | −$72.0M | $1.76B | −$969.0M | $128.0M | −$167.0M | $485.0M | $485.0M | $886.0M | −$754.0M |
| Other non-cash items | $489.0M | $97.0M | −$923.0M | −$86.0M | −$200.0M | $88.0M | −$5.91B | $27.0M | −$2.43B | −$200.0M |
| Cash from operating activities | $1.54B | $1.22B | $2.06B | $757.0M | $974.0M | $706.0M | −$861.0M | $1.50B | $950.0M | −$220.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$22.0M | −$15.0M | −$20.0M | −$6.0M | −$6.0M | −$6.0M | −$89.0M | −$207.0M | −$142.0M | −$70.0M |
| Investments (net) | $13.0M | −$100.0M | $2.0M | −$6.55B | $15.0M | $68.0M | $547.0M | $139.0M | — | — |
| Acquisitions & other investing | −$1.00B | $15.0M | $20.0M | $6.0M | $317.0M | −$131.0M | $10.92B | −$173.0M | $121.0M | −$6.70B |
| Cash from investing activities | −$1.01B | −$100.0M | $2.0M | −$6.55B | $326.0M | −$69.0M | $11.38B | −$241.0M | −$21.0M | −$6.77B |
| Financing activities | ||||||||||
| Dividends paid | −$312.0M | −$313.0M | −$323.0M | −$314.0M | −$303.0M | −$373.0M | −$7.48B | −$217.0M | −$211.0M | −$222.0M |
| Share repurchases & issuance (net) | −$634.0M | −$272.0M | −$441.0M | −$904.0M | −$15.0M | −$304.0M | −$1.58B | −$234.0M | −$107.0M | −$500.0M |
| Net borrowing (repayment) | −$145.0M | −$370.0M | −$1.18B | $5.91B | −$29.0M | −$1.19B | −$568.0M | −$600.0M | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$42.0M | −$15.0M | −$14.0M | −$8.0M | $14.0M | −$35.0M | −$493.0M | −$158.0M | −$3.16B | $6.01B |
| Cash from financing activities | −$1.13B | −$970.0M | −$1.96B | $4.68B | −$333.0M | −$1.90B | −$10.12B | −$1.21B | −$3.48B | $5.29B |
| Summary | ||||||||||
| Net change in cash | −$595.0M | $160.0M | $96.0M | −$1.14B | $954.0M | −$1.24B | $386.0M | $17.0M | −$2.47B | −$1.74B |
| Cash at end of period | $411.0M | $1.01B | $846.0M | $750.0M | $1.89B | $933.0M | $2.18B | $1.79B | $1.77B | $4.25B |
| Free cash flow | $1.52B | $1.21B | $2.04B | $751.0M | $968.0M | $700.0M | −$950.0M | $1.29B | $808.0M | −$290.0M |
| Free cash flow margin | 30.5% | 30.6% | 53.8% | 22.6% | 34.6% | 27.4% | −38.2% | 27.2% | 16.7% | −7.2% |
| Capex / revenue | 0.4% | 0.4% | 0.5% | 0.2% | 0.2% | 0.2% | 3.6% | 4.4% | 2.9% | 1.7% |
| Operating cash flow / net income | 1.59 | 1.90 | 3.40 | 0.56 | 1.17 | 1.27 | −0.22 | 93.44 | 0.83 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $215.0M | $512.0M | $192.0M | $134.0M | $135.0M | $142.0M | $159.0M | $161.0M | $181.0M | $134.0M | $142.0M | $149.0M |
| Depreciation & amortization | $123.0M | $119.0M | $126.0M | $125.0M | $123.0M | $104.0M | $104.0M | $105.0M | $106.0M | $111.0M | $124.0M | $125.0M |
| Stock-based compensation | $54.0M | $62.0M | $53.0M | $56.0M | $66.0M | $36.0M | $33.0M | $33.0M | $31.0M | $31.0M | $35.0M | $35.0M |
| Change in working capital | −$6.0M | −$359.0M | $100.0M | −$325.0M | −$63.0M | $124.0M | −$20.0M | −$131.0M | −$45.0M | $1.10B | $2.0M | $729.0M |
| Other non-cash items | $48.0M | $145.0M | $70.0M | $126.0M | $148.0M | $67.0M | $50.0M | −$10.0M | −$9.0M | $17.0M | $12.0M | −$913.0M |
| Cash from operating activities | $434.0M | $479.0M | $541.0M | $116.0M | $409.0M | $473.0M | $326.0M | $158.0M | $264.0M | $1.40B | $315.0M | $125.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4.0M | −$3.0M | −$6.0M | −$9.0M | −$4.0M | −$3.0M | −$8.0M | −$2.0M | −$2.0M | −$3.0M | −$8.0M | −$5.0M |
| Investments (net) | — | $0 | $9.0M | −$7.0M | −$873.0M | −$83.0M | −$7.0M | −$8.0M | −$2.0M | −$2.0M | $1.0M | $9.0M |
| Acquisitions & other investing | −$11.0M | −$186.0M | $55.0M | $9.0M | $4.0M | $3.0M | $8.0M | $2.0M | $2.0M | $3.0M | $8.0M | $5.0M |
| Cash from investing activities | −$15.0M | −$189.0M | $58.0M | −$7.0M | −$873.0M | −$83.0M | −$7.0M | −$8.0M | −$2.0M | −$2.0M | $1.0M | $9.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$81.0M | −$76.0M | −$77.0M | −$77.0M | −$82.0M | −$77.0M | −$77.0M | −$77.0M | −$82.0M | −$78.0M | −$81.0M | −$81.0M |
| Share repurchases & issuance (net) | −$100.0M | −$200.0M | −$300.0M | −$3.0M | −$134.0M | $0 | $0 | −$1.0M | −$272.0M | −$300.0M | −$100.0M | −$6.0M |
| Net borrowing (repayment) | −$45.0M | −$226.0M | −$300.0M | −$169.0M | $550.0M | −$223.0M | −$59.0M | $0 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$41.0M | $3.0M | −$5.0M | $7.0M | −$44.0M | $4.0M | $0 | $6.0M | −$112.0M | −$653.0M | −$264.0M | −$48.0M |
| Cash from financing activities | −$267.0M | −$499.0M | −$682.0M | −$242.0M | $290.0M | −$296.0M | −$136.0M | −$72.0M | −$466.0M | −$1.03B | −$445.0M | −$135.0M |
| Summary | ||||||||||||
| Net change in cash | $153.0M | −$208.0M | −$82.0M | −$127.0M | −$178.0M | $123.0M | $146.0M | $93.0M | −$202.0M | $356.0M | −$139.0M | $6.0M |
| Cash at end of period | $564.0M | $411.0M | $619.0M | $701.0M | $828.0M | $1.01B | $883.0M | $737.0M | $644.0M | $846.0M | $490.0M | $629.0M |
| Free cash flow | $430.0M | $476.0M | $535.0M | $107.0M | $405.0M | $470.0M | $318.0M | $156.0M | $262.0M | $1.40B | $307.0M | $120.0M |
| Free cash flow margin | 32.2% | 37.1% | 43.1% | 8.8% | 32.2% | 46.5% | 32.3% | 16.0% | 27.2% | 144.3% | 32.4% | 12.7% |
| Capex / revenue | 0.3% | 0.2% | 0.5% | 0.7% | 0.3% | 0.3% | 0.8% | 0.2% | 0.2% | 0.3% | 0.8% | 0.5% |
| Operating cash flow / net income | 2.02 | 0.94 | 2.82 | 0.87 | 3.03 | 3.33 | 2.05 | 0.98 | 1.46 | 10.43 | 2.22 | 0.84 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
GEN cash generation
In fiscal 2026 (ended March 31, 2026), Gen Digital generated $1.5 billion of cash from operations (up 26.5%) and spent $22.0 million on capital expenditures, leaving free cash flow of $1.5 billion, 30.5% of revenue. It returned $946.0 million to shareholders through dividends ($312.0 million) and net share buybacks ($634.0 million). Cash and equivalents fell by $595.0 million over the year.
Related: GEN income statement, GEN balance sheet, GEN dividend history. See the GEN stock overview for the latest quote and news.
GEN cash flow FAQ
What is Gen Digital's free cash flow?
Gen Digital's free cash flow was $1.5 billion in fiscal 2026: $1.5 billion of operating cash flow minus $22.0 million of capital expenditures It was $1.2 billion a year earlier..
How much cash does Gen Digital generate from operations?
Gen Digital generated $1.5 billion of cash from operating activities in fiscal 2026, 1.59 times its net income of $973.0 million.
How much does Gen Digital spend on capital expenditures?
Gen Digital spent $22.0 million on capital expenditures in fiscal 2026, 0.4% of revenue, compared with $15.0 million the year before.
How much stock does Gen Digital buy back?
Gen Digital spent $634.0 million on net share repurchases in fiscal 2026.
How much does Gen Digital pay in dividends?
Gen Digital paid $312.0 million in dividends in fiscal 2026, 20.5% of free cash flow.