Gen Digital Inc. Earnings Per Share Disclosure
| Year Ended | |||||||||||||||||
| (In millions, except per share amounts) | March 28, 2025 | March 29, 2024 | March 31, 2023 | ||||||||||||||
| Net income (loss) | $ | 643 | $ | 607 | $ | 1,334 | |||||||||||
| Net income per share - basic | $ | 1.04 | $ | 0.95 | $ | 2.17 | |||||||||||
| Net income per share - diluted | $ | 1.03 | $ | 0.95 | $ | 2.14 | |||||||||||
| Weighted-average shares outstanding - basic | 617 | 637 | 614 | ||||||||||||||
| Dilutive potentially issuable shares: | |||||||||||||||||
| Convertible debt | — | — | 6 | ||||||||||||||
| Employee equity awards | 7 | 5 | 4 | ||||||||||||||
| Weighted-average shares outstanding - diluted | 624 | 642 | 624 | ||||||||||||||
| Anti-dilutive shares excluded from diluted net income (loss) per share calculation: | |||||||||||||||||
| Employee equity awards | — | 1 | — | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 15, 2025 | Showing above |
| 2016 | May 20, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.