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 investments | 1,781 | 951 | 2,263 | 2,043 | 2,162 | 4,247 | 6,025 | ||
| Cash and cash equivalents | 1,771 | 933 | 2,177 | 1,791 | 1,774 | 4,247 | 5,983 | ||
| Short-term investments | 10 | 18 | 86 | 252 | 388 | 42 | |||
| Receivables | 113 | 117 | 111 | 708 | 809 | 649 | 556 | ||
| Assets held-for-sale, not part of disposal group | 58 | 233 | 270 | ||||||
| Other current assets | 205 | 237 | 435 | 435 | 522 | 428 | 378 | ||
| Total current assets: | 2,157 | 1,538 | 3,079 | 3,186 | 3,493 | 5,324 | 6,959 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 80 | 76 | 88 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 63 | 78 | 238 | 790 | 778 | 937 | 957 | ||
| Long-term investments and receivables | 158 | 157 | |||||||
| Long-term investments | 158 | 157 | |||||||
| Intangible assets, net (including goodwill) | 3,930 | 3,983 | 3,652 | 10,700 | 10,962 | 11,631 | 3,591 | ||
| Goodwill | 2,876 | 2,867 | 2,585 | 8,450 | 8,319 | 8,627 | 3,148 | ||
| Intangible assets, net (excluding goodwill) | 1,054 | 1,116 | 1,067 | 2,250 | 2,643 | 3,004 | 443 | ||
| Other noncurrent assets | 643 | 686 | 678 | 1,262 | 526 | 124 | 103 | ||
| Total noncurrent assets: | 4,716 | 4,823 | 4,656 | 12,752 | 12,266 | 12,850 | 4,808 | ||
| TOTAL ASSETS: | 6,873 | 6,361 | 7,735 | 15,938 | 15,759 | 18,174 | 11,767 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 172 | 177 | 202 | 422 | 430 | 482 | 1,335 | ||
| Accounts payable | 83 | 52 | 87 | 165 | 168 | 180 | 175 | ||
| Accrued liabilities | 6 | ||||||||
| Employee-related liabilities | 80 | 107 | 115 | 257 | 262 | 272 | 219 | ||
| Taxes payable | 30 | 941 | |||||||
| Interest and dividends payable | 9 | 12 | |||||||
| Deferred revenue | 1,209 | 1,210 | 1,049 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1,086 | 313 | 756 | 491 | 1,310 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,368 | 2,353 | 2,279 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 2,320 | ✕ | ✕ | ✕ | ||
| Other liabilities | 405 | 428 | 587 | 533 | 372 | 477 | 419 | ||
| Other undisclosed current liabilities | 11 | 8 | 28 | ||||||
| Total current liabilities: | 2,883 | 2,136 | 2,622 | 3,766 | 3,170 | 4,622 | 4,033 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,838 | 3,354 | 3,538 | 3,961 | 5,026 | 6,876 | 2,207 | ||
| Long-term debt, excluding current maturities | 2,757 | 3,288 | 3,465 | 3,961 | 5,026 | 6,876 | 2,207 | ||
| Operating lease, liability | 81 | 66 | 73 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,250 | 1,371 | 1,565 | 1,896 | 1,948 | 3,189 | 1,851 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 735 | 434 | 359 | ||
| Accounts payable and accrued liabilities | 1,012 | 1,119 | 1,310 | 1,076 | 1,126 | ||||
| Deferred revenue | 48 | 55 | 27 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 736 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 2,401 | 1,235 | ||||
| Deferred income tax liabilities | 137 | 137 | 149 | ✕ | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 251 | 160 | |||||||
| Other liabilities | 53 | 60 | 79 | 84 | 87 | 103 | 97 | ||
| Other undisclosed noncurrent liabilities | 577 | 592 | |||||||
| Total noncurrent liabilities: | 4,088 | 4,725 | 5,103 | 6,434 | 7,566 | 10,065 | 4,058 | ||
| Total liabilities: | 6,971 | 6,861 | 7,725 | 10,200 | 10,736 | 14,687 | 8,091 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (98) | (500) | 10 | 5,738 | 5,023 | 3,487 | 3,676 | ||
| Accumulated other comprehensive income (loss) | 22 | 47 | (16) | (7) | 4 | 12 | 22 | ||
| Retained earnings (accumulated deficit) | (2,060) | (2,776) | (3,330) | 933 | 328 | (761) | (655) | ||
| Other undisclosed stockholders' equity attributable to parent | 1,940 | 2,229 | 3,356 | 4,812 | 4,691 | 4,236 | 4,309 | ||
| Total stockholders' equity: | (98) | (500) | 10 | 5,738 | 5,023 | 3,487 | 3,676 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,873 | 6,361 | 7,735 | 15,938 | 15,759 | 18,174 | 11,767 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,755 | 2,551 | 2,490 | 4,731 | 4,834 | 4,019 | 3,600 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,019 | 3,600 | ||
| Cost of revenue | (373) | (362) | (393) | (1,050) | (1,032) | (853) | (615) | |
| Gross profit: | 2,382 | 2,189 | 2,097 | 3,681 | 3,802 | 3,166 | 2,985 | |
| Operating expenses | (921) | (1,293) | (1,742) | (3,301) | (3,753) | (3,266) | (2,528) | |
| Operating income (loss): | 1,461 | 896 | 355 | 380 | 49 | (100) | 457 | |
| Nonoperating income (expense) | (112) | 120 | 660 | (64) | 644 | 46 | 10 | |
| Investment income, nonoperating | 629 | 653 | 21 | 10 | ||||
| Other nonoperating income (expense) | (8) | 6 | 7 | (64) | (9) | 25 | ||
| Interest and debt expense | (93) | (144) | (196) | (208) | (256) | (208) | (75) | |
| Income (loss) from continuing operations before income taxes: | 1,256 | 872 | 819 | 108 | 437 | (262) | 392 | |
| Income tax expense (benefit) | (273) | (176) | (241) | (92) | 690 | 26 | (1,213) | |
| Net income (loss): | 983 | 696 | 578 | 16 | 1,127 | (236) | (821) | |
| Other undisclosed net income (loss) attributable to parent | (3,369) | (142) | 3,309 | 15 | 11 | 130 | 3,309 | |
| Net income (loss) available to common stockholders, diluted: | (2,386) | 554 | 3,887 | 31 | 1,138 | (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): | 983 | 696 | 578 | 16 | 1,127 | (236) | (821) | |
| Other comprehensive income (loss) | 63 | (9) | ||||||
| Other undisclosed comprehensive income | 63 | |||||||
| Comprehensive income (loss): | 1,046 | 759 | 569 | 16 | 1,127 | (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) | 3,308 | 4 | 3 | 120 | 3,308 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (2,367) | 617 | 3,878 | 20 | 1,130 | (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.