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Tables in the 10-K of Leidos Holdings, Inc.

82 tables with numbers, filed Feb 18, 2020. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

		Page
Part I
Item 1.	Business	1
Item 1A.	Risk Factors	11
Item 1B.	Unresolved Staff Comments	24
Item 2.	Properties	25
Item 3.	Legal Proceedings	25
Item 4.	Mine Safety Disclosures	25

	Year Ended
	January 3, 2020	December 28, 2018		December 29, 2017
U.S. Government	87%		85%		84%
DoD and U.S. Intelligence Community	48%		48%		48%
U.S. Army	11%		13%		13%

Location	Number of buildings	Square footage		Acreage
Columbia, Maryland	1		95,000		7.3
Orlando, Florida	1		85,000		8.5
Oak Ridge, Tennessee	1		83,000		8.4
Reston, Virginia	1		62,000		2.6

Name of officer	Age	Position(s) with the company and prior business experience
James C. Reagan	61	Mr. Reagan has served as Executive Vice President and Chief Financial Officer since July 2015. Prior to joining Leidos, from 2012 to 2015, Mr. Reagan served as Senior Vice President and Chief Financial Officer of Vencore, Inc. (formerly The SI Organization, Inc.), a provider of information solutions and engineering and analysis services to the U.S. Intelligence Community, DoD and federal and civilian agencies. From 2011 to 2012, Mr. Reagan was Executive Vice President and Chief Financial Officer of PAE, Inc., a provider of mission support services to the U.S. government. Mr. Reagan is a Certified Public Accountant.
Christopher R. Cage	48	Mr. Cage has served as Senior Vice President, Chief Accounting Officer and Corporate Controller since June 2019. He has served in several capacities throughout his 20-year tenure with the Company, including Chief Financial Officer for the Company's Health Group and, most recently, as Senior Vice President for Financial Planning and Analysis.
Paul O. Engola	48	Mr. Engola has served as Executive Vice President and Chief Human Resources Officer and Head of Business Partnerships since January 2019, and before that, as Chief Administrative Officer and Deputy President, Defense and Intelligence Group. Prior to joining Leidos, Mr. Engola served Lockheed Martin Corporation for more than 10 years, most recently as Vice President, Transportation & Financial Solutions in their former Information Systems & Global Solutions business.
Gerard A. Fasano	54	Mr. Fasano has served as Group President for our Defense Group since October 2018, and before that, as Chief Business Development Strategy Officer. Prior to joining Leidos, Mr. Fasano served Lockheed Martin Corporation for over 30 years in several capacities, most recently as a Vice President and General Manager in their former Information Systems & Global Solutions business.
Jerald S. Howe, Jr.	64	Mr. Howe has served as Executive Vice President and General Counsel since July 2017. Prior to joining Leidos, Mr. Howe was a partner at Fried, Frank, Harris, Shriver & Jacobson LLP, where he served in the firm’s litigation, government contracts, mergers and acquisitions, and aerospace and defense practices. Prior to joining Fried Frank, Mr. Howe held general counsel positions at TASC, a leading aerospace and defense company, and at Veridian Corporation, a publicly traded company that provided advanced technology services and solutions to the intelligence community, military and homeland defense agencies.
David A. King	57	Mr. King has served as Chief Executive Officer of Dynetics, Inc. since 2015. In February 2020, following Leidos' acquisition of Dynetics, Mr. King was elected as a Group President of Leidos with responsibility for the Dynetics business. Mr. King previously served as the Executive Vice President for special programs and President of Dynetics. Prior to joining Dynetics, he spent 25 years with NASA, as Space Shuttle Launch Director and Director of Shuttle Processing, and most recently as the Center Director of NASA Marshall Space Flight Center.
James R. Moos	50	Mr. Moos has served as Group President for our Civil Group since February 2020. He previously served as Senior Vice President and Acting Group President for the Civil Group since October 2019, and before that, as Deputy President and Chief Operations Officer for the Civil Group. Prior to that, Mr. Moos has served Leidos for over 20 years in several capacities, including Senior Vice President and General Manager of the Company's former Engineering Solutions Group.

Period	Total Number of Shares Purchased(1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
September 28, 2019 - September 30, 2019	—		$—		—	7,976,255
October 1, 2019 - October 31, 2019	1,780		85.66		—	7,976,255
November 1, 2019 - November 30, 2019	217,953		89.03		211,649	7,764,606
December 1, 2019 - December 31, 2019	68,609		89.85		68,498	7,696,108
January 1, 2020 - January 3, 2020	—		—		—	7,696,108
Total	288,342		$89.20		280,147

	12 Months Ended(1)	11 Months Ended(1)
	January 3, 2020(2)	December 28, 2018(3)		December 29, 2017(4)	December 30, 2016(5)	January 1, 2016(6)
	(in millions, except for per share amounts)
Consolidated Statement of Income Data:
Revenues	$11,094		$10,194		$10,170		$7,043	$4,712
Operating income	912		749		559		417	320
Income from continuing operations	670		582		364		246	243
Loss from discontinued operations, net of taxes	—		—		—		—	(1)

	Year Ended	2019 to 2018		2018 to 2017
	January 3, 2020	December 28, 2018		December 29, 2017	Dollar change	Percent change		Dollar change	Percent change
	(dollars in millions)
Revenues	$11,094		$10,194		$10,170		$900		9%	$24	—%
Cost of revenues(1)	9,546		8,690		8,738		856		10%	(48)	(1)%
Selling, general and administrative expenses:
General and administrative(1)	496		547		573		(51)		(9)%	(26)	(5)%
Bid and proposal	144		136		122		8		6%	14	11%

	January 3, 2020	December 28, 2018
	(in millions)
Defense Solutions:
Funded backlog	$2,417		$2,821
Negotiated unfunded backlog	9,150		6,925
Total Defense Solutions backlog	$11,567		$9,746
Civil:
Funded backlog	$1,913		$2,304

	Total	2020		2021	2022	2023		2024	2025 and thereafter
	(in millions)
Contractual obligations(1):
Long-term debt (including current portion)(2)	$3,954		$627		$206		$203		$709	$102	$2,107
Operating lease obligations	516		145		91		74		54	39	113
Finance lease obligations	7		5		1		—		—	—	1
Other long-term liabilities(3)	168		9		23		8		9	7	112
Total contractual obligations	$4,645		$786		$321		$285		$772	$148	$2,333

	Page
CONSOLIDATED FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm	47
Consolidated Balance Sheets as of January 3, 2020 and December 28, 2018	49
Consolidated Statements of Income for the fiscal years ended January 3, 2020, December 28, 2018, and December 29, 2017	50
Consolidated Statements of Comprehensive Income for the fiscal years ended January 3, 2020, December 28, 2018, and December 29, 2017	51
Consolidated Statements of Equity for the fiscal years ended January 3, 2020, December 28, 2018, and December 29, 2017	52
Consolidated Statements of Cash Flows for the fiscal years ended January 3, 2020, December 28, 2018, and December 29, 2017	53

	January 3, 2020	December 28, 2018		December 29, 2017	December 30, 2016	January 1, 2016
	(in millions)
Consolidated Balance Sheet Data:
Total assets	$9,367		$8,770		$8,990		$9,132	$3,370
Long-term debt, including current portion	2,986		3,124		3,111		3,287	1,081
Other long-term liabilities(7)	182		178		129		204	149

	Year Ended
	January 3, 2020	December 28, 2018		December 29, 2017
	(in millions)
Net cash provided by operating activities	$992		$768		$526
Net cash provided by (used in) investing activities	65		(114)		(71)
Net cash used in financing activities	(709)		(707)		(429)
Net increase (decrease) in cash, cash equivalents and restricted cash	$348		$(53)		$26

	Year Ended
	January 3, 2020	December 28, 2018		December 29, 2017
	(in millions)
Net income	$670		$582		$364
Foreign currency translation adjustments	8		(61)		24
Unrecognized (loss) gain on derivative instruments	(47)		(10)		4
Pension adjustments	(1)		(1)		9
Total other comprehensive (loss) income, net of taxes	(40)		(72)		37

	Shares of common stock	Additional paid-in capital		Accumulated earnings (deficit)	Accumulated other comprehensive (loss) income	Leidos Holdings, Inc. stockholders' equity		Non-controlling interest	Total
	(in millions, except for per share amounts)
Balance at December 30, 2016	150		$3,316		$(177)		$(4)		$3,135	$12	$3,147
Net income (loss)	—		—		366		—		366	(2)	364
Other comprehensive income, net of taxes	—		—		—		37		37	—	37
Issuances of stock (less forfeitures)	1		16		—		—		16	—	16
Repurchases of stock and other	—		(31)		—		—		(31)	—	(31)
Dividends of $1.28 per share	—		—		(196)		—		(196)	—	(196)

	Balance at December 28, 2018	Adjustments due to ASU 2016-02		Balance at December 29, 2018
	(in millions)
Assets - non-current:
Property, plant and equipment, net	$237		$1		$238
Operating lease right-of-use assets, net	—		418		418
Liabilities - current:
Accounts payable and accrued liabilities	$1,491		$132		$1,623
Long-term debt, current portion	72		8		80

	Estimated useful lives (in years)
Program and contract intangibles	6-11
Software and technology	4-15
Customer relationships	8-10
Trade names	3

	Year Ended January 3, 2020
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$4,660		$174		$491	$5,325
Other government agencies(1)	295		2,681		1,332	4,308
Commercial and non-U.S. customers	411		781		151	1,343
Total	$5,366		$3,636		$1,974	$10,976

	Year Ended December 28, 2018
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community(2)	$4,359		$128		$386	$4,873
Other government agencies(1)(2)	185		2,380		1,276	3,841
Commercial and non-U.S. customers	422		903		155	1,480
Total	$4,966		$3,411		$1,817	$10,194

	Balance sheet line item	January 3, 2020	December 28, 2018
		(in millions)
Contract assets - current:
Unbilled receivables(1)	Receivables, net	$735		$818
Contract liabilities - current:
Deferred revenue	Accounts payable and accrued liabilities	$400		$276
Contract liabilities - non-current:
Deferred revenue	Other long-term liabilities	$9		$10

	January 3, 2020	December 28, 2018
	Gross carrying value	Accumulated amortization		Net carrying value	Gross carrying value	Accumulated amortization		Net carrying value
	(in millions)
Finite-lived intangible assets:
Program and contract intangibles	$1,003		$(536)		$467		$1,003		$(374)	$629
Software and technology	102		(83)		19		93		(74)	19
Customer relationships	45		(6)		39		4		(4)	—
Trade names	1		—		1		—		—	—

Fiscal Year Ending
	(in millions)
2020	$133
2021	112
2022	99
2023	78
2024	39
2025 and thereafter	65

	January 3, 2020
Weighted-average remaining lease term (in years):
Finance leases	2.4
Operating leases	5.7
Weighted-average discount rate:
Finance leases	4.2%
Operating leases	4.1%

Fiscal Year Ending	Finance lease commitments	Operating lease commitments
	(in millions)
2020	$5		$145
2021	1		91
2022	—		74
2023	—		54
2024	—		39
2025 and thereafter	1		113

Fiscal Year Ending	Capital lease commitments	Operating lease commitments		Sublease receipts
	(in millions)
2019	$3		$144		$3
2020	—		114		1
2021	—		83		1
2022	—		71		—
2023	—		55		—
2024 and thereafter	—		246		—

Tables in the 10-K of Leidos Holdings, Inc.

Table 1 after “TABLE OF CONTENTS”

Table 2 after “of consolidated revenues for the periods presented were as follows:”

Table 3 after “, we owned the following properties:”

Table 4 after “PART I”

Table 5 after “:”

Table 6 after “The selected financial data for the five-year period set forth below is derived from our consolidated financial statements. This information”

Table 7 after “The selected financial data for the five-year period set forth below is derived from our consolidated financial statements. This information”

Table 8 after “Our results of operations for the periods presented were as follows:”

Table 9 after “Segment and Corporate Results”

Table 10 after “The increase in operating income for fiscal 2018 as compared to fiscal 2017 was primarily attributable to lower amortization.”

Table 11 after “PART II”

Table 12 after “The increase in operating income for fiscal 2018 as compared to fiscal 2017 was primarily due to a net increase in program volumes, partiall”

Table 13 after “The estimated value of our total backlog for the periods presented was as follows:”

Table 14 after “Our earnings and profitability may vary materially depending on changes in the proportionate amount of revenues derived from each type of co”

Table 15 after “The following table summarizes cash flow information for the periods presented:”

Table 16 after “, our obligations to make future payments pursuant to certain contracts or arrangements and provides an estimate of the fiscal years in whic”

Table 17 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”

Table 18 after “CONSOLIDATED BALANCE SHEETS”

Table 19 after “CONSOLIDATED STATEMENTS OF INCOME”

Table 20 after “CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”

Table 21 after “CONSOLIDATED STATEMENTS OF EQUITY”

Table 22 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”

Table 23 after “CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]”

Table 24 after “The cumulative effect of the changes made to the Company's consolidated balance sheet for the adoption of ASU 2016-02 was as follows:”

Table 25 after “Changes in estimates on contracts for the periods presented were as follows:”

Table 26 after “Intangible assets with finite lives are amortized over the following periods:”

Table 27 after “Disaggregated revenues by customer-type were as follows:”

Table 28 after “Disaggregated revenues by customer-type were as follows:”

Table 29 after “Disaggregated revenues by contract-type were as follows:”

Table 30 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS”

Table 31 after “Disaggregated revenues by geographic location were as follows:”

Table 32 after “Disaggregated revenues by geographic location were as follows:”

Table 33 after “The components of contract assets and contract liabilities consisted of the following:”

Table 34 after “The Company incurred the following expenses related to the acquisition and integration of the IS&GS Business:”

Table 35 after “The restructuring expenses related to the acquisition were as follows:”

Table 36 after “The components of receivables, net consisted of the following:”

Table 37 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”

Table 38 after “Intangible assets consisted of the following:”

Table 39 after “, is as follows:”

Table 40 after “Property, plant and equipment, net consisted of the following:”

Table 41 after “The Company's ROU assets and lease liabilities consisted of the following:”

Table 42 after “The Company's total lease cost for the periods presented consisted of the following:”

Table 43 after “Lease terms and discount rates related to leases were as follows:”

Table 44 after “Other information related to leases was as follows:”

Table 45 after “, were as follows:”

Table 46 after “Rental expense for facilities and equipment for the periods presented were as follows:”

Table 47 after “Future minimum lease commitments and sublease receipts, under non-cancelable operating leases in effect at December 28, 2018, were as follow”

Table 48 after “The components of lease income were as follows:”

Table 49 after “, undiscounted cash flows for sales-type and operating leases for the next five years and thereafter are as follows:”

Table 50 after “The Company's financial instruments measured on a recurring basis at fair value consisted of the following:”

Table 51 after “The fair value of the Company's interest rate swaps was as follows:”

Table 52 after “The following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges:”

Table 53 after “The effect of the Company's cash flow hedges on other comprehensive (loss) income and earnings for the periods presented was as follows:”

Table 54 after “The Company's debt consisted of the following:”

Table 55 after “Future minimum payments of debt are as follows:”

Table 56 after “Changes in the components of accumulated other comprehensive loss were as follows:”

Table 57 after “Note 18—Composition of Certain Financial Statement Captions”

Table 58 after “, the Company combined "Dividends payable and "Income taxes payable" with "Accounts payable and accrued liabilities" on the consolidated bal”

Table 59 after “The weighted average number of shares used to compute basic and diluted EPS attributable to Leidos stockholders were:”

Table 60 after “Stock-based compensation and related tax benefits recognized under all plans were as follows:”

Table 61 after “The weighted average grant-date fair value and assumptions used to determine fair value of stock options granted for the periods presented w”

Table 62 after “Stock option activity for each of the periods presented was as follows:”

Table 63 after “Restricted stock units and awards activity for each of the periods presented was as follows:”

Table 64 after “Performance-based stock award activity for each of the periods presented was as follows:”

Table 65 after “The Monte Carlo simulation assumptions used for the periods presented were as follows:”

Table 66 after “The provision for income taxes for the periods presented included the following:”

Table 67 after “A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before”

Table 68 after “Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting”

Table 69 after “The Company's income tax balance sheet items are included in the accompanying consolidated balance sheets as follows:”

Table 70 after “of accrued interest and penalties for fiscal 2018 and 2017, were as follows:”

Table 71 after “Supplementary cash flow information, including non-cash activities, for the periods presented was as follows:”

Table 72 after “The following is a reconciliation of cash and cash equivalents, as reported within the consolidated balance sheets, to the total cash, cash ”

Table 73 after “The following table summarizes business segment information for the periods presented:”

Table 74 after “of total revenues in any of the periods for the periods presented were as follows:”

Table 75 after “Selected financial data (unaudited) for the periods presented was as follows:”

Table 76 after “, is set forth below:”

Table 77 after “3. Exhibits”

Table 78 after “PART IV”

Table 79 after “PART IV”

		Year Ended
	Income statement line item	January 3, 2020
		(in millions)
Sales-type leases:
Selling price at lease commencement	Revenues	$84
Cost of underlying asset	Cost of revenues	86
Operating loss		(2)
Interest income on lease receivables	Revenues	6

Fiscal Year Ending	Sales-type leases	Operating leases
	(in millions)
2020	$35		$22
2021	20		22
2022	8		22
2023	1		22
2024	1		22
2025 and thereafter	—		—

	January 3, 2020	December 28, 2018
	Carrying value	Fair value		Carrying value	Fair value
	(in millions)
Financial assets:
Derivatives	$2		$2		$—	$—
Financial liabilities:
Derivatives	75		75		35	35

	Liability derivatives
	Balance sheet line item	January 3, 2020	December 28, 2018
		(in millions)
Fair value interest rate swaps	Other long-term liabilities	$—		$3
Cash flow interest rate swaps	Other long-term liabilities	75		32
		$75		$35

	Carrying amount of hedged item	Cumulative amount of fair value adjustment included within the hedged item
Balance sheet line item of hedged item	January 3, 2020	December 28, 2018		January 3, 2020	December 28, 2018
	(in millions)
Long-term debt, net of current portion	$452		$447		$2	$(3)

	Stated interest rate	Effective interest rate		January 3, 2020(1)	December 28, 2018(1)
				(in millions)
Senior secured notes:
$450 million notes, due December 2020	4.45%		4.53%		$452	$447
$300 million notes, due December 2040	5.95%		6.03%		216	216
Senior secured term loans:
$690 million Term Loan A, due August 2023	3.31%		3.74%		581	617
$310 million Term Loan A, due August 2023	3.31%		3.76%		242	258

	Foreign currency translation adjustments	Unrecognized gain (loss) on derivative instruments		Pension adjustments	Total accumulated other comprehensive loss
	(in millions)
Balance at December 30, 2016	$(7)		$10		$(7)	$(4)
Other comprehensive income	36		10		9	55
Taxes	(12)		(6)		—	(18)
Balance at December 29, 2017	17		14		2	33
Cumulative adjustments related to ASU adoptions	3		10		(4)	9
Balance at December 30, 2017	20		24		(2)	42

Balance Sheet	January 3, 2020	December 28, 2018
	(in millions)
Other current assets:
Transition costs and project assets(1)	$98		$145
Pre-contract costs	6		41
Other(2)	306		357
	$410		$543
Other assets:

	Year Ended
Income Statement	January 3, 2020	December 28, 2018		December 29, 2017
	(in millions)
Interest expense, net:
Interest expense	$(147)		$(145)		$(148)
Interest income	14		7		8
	$(133)		$(138)		$(140)
Other income (expense), net

	Shares ofstock understock options	Weightedaverageexercise price		Weightedaverageremainingcontractualterm	Aggregateintrinsic value
	(in millions)			(in years)	(in millions)
Outstanding at December 30, 2016	3.3		$29.77		4.1	$70
Options granted	0.5		53.51
Options forfeited or expired	(0.2)		35.72
Options exercised	(0.8)		27.23			23
Outstanding at December 29, 2017	2.8		$34.38		3.9	$86
Options granted	0.4		63.75