NortonLifeLock Inc. (NLOK) financial statements (2022 and earlier)

Company profile

Business Address 60 E RIO SALADO PARKWAY
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End March 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7819512,2632,0432,1624,2476,025
Cash and cash equivalents1,7719332,1771,7911,7744,2475,983
Short-term investments101886252388 42
Receivables113117111708809649556
Assets held-for-sale, not part of disposal group58233270    
Other current assets205237435435522428378
Total current assets:2,1571,5383,0793,1863,4935,3246,959
Noncurrent Assets
Operating lease, right-of-use asset807688
Property, plant and equipment6378238790778937957
Long-term investments and receivables     158157
Long-term investments     158157
Intangible assets, net (including goodwill)3,9303,9833,65210,70010,96211,6313,591
Goodwill2,8762,8672,5858,4508,3198,6273,148
Intangible assets, net (excluding goodwill)1,0541,1161,0672,2502,6433,004443
Other noncurrent assets6436866781,262526124103
Total noncurrent assets:4,7164,8234,65612,75212,26612,8504,808
TOTAL ASSETS:6,8736,3617,73515,93815,75918,17411,767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1721772024224304821,335
Accounts payable835287165168180175
Accrued liabilities 6     
Employee-related liabilities80107115257262272219
Taxes payable     30941
Interest and dividends payable912     
Deferred revenue1,2091,2101,049
Debt1,086313756491 1,310 
Deferred revenue and credits2,3682,3532,279
Contract with customer, liability2,320
Other liabilities405428587533372477419
Other undisclosed current liabilities11828    
Total current liabilities:2,8832,1362,6223,7663,1704,6224,033
Noncurrent Liabilities
Long-term debt and lease obligation2,8383,3543,5383,9615,0266,8762,207
Long-term debt, excluding current maturities2,7573,2883,4653,9615,0266,8762,207
Operating lease, liability816673
Liabilities, other than long-term debt1,2501,3711,5651,8961,9483,1891,851
Deferred revenue and credits735434359
Accounts payable and accrued liabilities1,0121,1191,3101,0761,126  
Deferred revenue485527
Contract with customer, liability736
Deferred tax liabilities, net  2,4011,235
Deferred income tax liabilities137137149
Liability for uncertainty in income taxes     251160
Other liabilities536079848710397
Other undisclosed noncurrent liabilities   577592  
Total noncurrent liabilities:4,0884,7255,1036,4347,56610,0654,058
Total liabilities:6,9716,8617,72510,20010,73614,6878,091
Stockholders' equity
Stockholders' equity attributable to parent, including:(98)(500)105,7385,0233,4873,676
Accumulated other comprehensive income (loss)2247(16)(7)41222
Retained earnings (accumulated deficit)(2,060)(2,776)(3,330)933328(761)(655)
Other undisclosed stockholders' equity attributable to parent1,9402,2293,3564,8124,6914,2364,309
Total stockholders' equity:(98)(500)105,7385,0233,4873,676
TOTAL LIABILITIES AND EQUITY:6,8736,3617,73515,93815,75918,17411,767

Income statement (P&L) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues2,7552,5512,4904,7314,8344,0193,600
Revenue, net 4,0193,600
Cost of revenue(373)(362)(393)(1,050)(1,032)(853)(615)
Gross profit:2,3822,1892,0973,6813,8023,1662,985
Operating expenses(921)(1,293)(1,742)(3,301)(3,753)(3,266)(2,528)
Operating income (loss):1,46189635538049(100)457
Nonoperating income (expense)(112)120660(64)6444610
Investment income, nonoperating  629 6532110
Other nonoperating income (expense)(8)67(64)(9)25 
Interest and debt expense(93)(144)(196)(208)(256)(208)(75)
Income (loss) from continuing operations before income taxes:1,256872819108437(262)392
Income tax expense (benefit)(273)(176)(241)(92)69026(1,213)
Net income (loss):983696578161,127(236)(821)
Other undisclosed net income (loss) attributable to parent(3,369)(142)3,30915111303,309
Net income (loss) available to common stockholders, diluted:(2,386)5543,887311,138(106)2,488

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):983696578161,127(236)(821)
Other comprehensive income (loss) 63(9)    
Other undisclosed comprehensive income63      
Comprehensive income (loss):1,046759569161,127(236)(821)
Comprehensive income, net of tax, attributable to noncontrolling interest  1    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,413)(142)3,308431203,308
Comprehensive income (loss), net of tax, attributable to parent:(2,367)6173,878201,130(116)2,487

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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