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

88 tables with numbers, filed Feb 23, 2021. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), 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	3
Item 1A.	Risk Factors	15
Item 1B.	Unresolved Staff Comments	35
Item 2.	Properties	35
Item 3.	Legal Proceedings	36
Item 4.	Mine Safety Disclosures	36

Location	Number of buildings	Square footage		Acreage
Huntsville, Alabama	7		801,000		90.7
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
Decatur, Alabama	1		50,000		5.0

Name of officer	Age	Position(s) with the company and prior business experience
Roger A. Krone	64	Mr. Krone is Chairman and Chief Executive Officer of Leidos. He joined Leidos as CEO in July 2014. Mr. Krone has held leadership roles at some of the most prominent organizations in aerospace for nearly 40 years, including The Boeing Company, McDonnell Douglas Corp. and General Dynamics. He is a member of the Georgia Tech Foundation Board of Trustees, WETA Public Television and Radio in Washington board, the Greater Washington Urban League chapter board, the Business Roundtable and the Aircraft Owners and Pilots Association Foundation’s Board of Advisors. He serves as the chair of the Professional Services Council, and is a member of the Executive Committee of the Aerospace Industries Association.
James C. Reagan	62	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	49	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 Leidos, including Chief Financial Officer for the Health Group and, most recently, as Senior Vice President for Financial Planning and Analysis.
Paul O. Engola	49	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	55	Mr. Fasano has served as Group President for our Defense Group since October 2018, and before that, as Chief Business Development Strategy Officer. Mr. Fasano led the separation from Lockheed Martin and the integration of the Information Systems & Global Solutions Business into Leidos. Prior to joining Leidos, Mr. Fasano served Lockheed Martin Corporation for over 30 years.

Name of officer	Age	Position(s) with the company and prior business experience
Jerald S. Howe, Jr.	65	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	59	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	51	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 Leidos' former Engineering Solutions Group.
Elizabeth A. Porter	50	Ms. Porter has served as Group President for our Health Group since August 2020 and, before that, as Acting Group President for the Health Group since March 2019. She previously served as Senior Vice President and Operation Manager for Leidos’ Federal Energy and Environment business. Prior to that role, Ms. Porter served as the Department of Defense Information Networks & Mission Partner Program Director. Prior to joining Leidos, Ms. Porter served Lockheed Martin Corporation for over 20 years in several capacities, most recently as Director of Energy Initiatives, Corporate Engineering & Technology.
Mary V. Schmanske	58	Ms. Schmanske has served as Group President for our Intelligence Group since October 2018, and before that, as Chief Administrative Officer and Deputy President and Chief Operations Officer for our Health Group. Prior to joining Leidos, Ms. Schmanske served Lockheed Martin Corporation in several capacities, most recently as Vice President of Operations for programs under strategic review, Civil, Defense & Intelligence Solutions.

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
October 3, 2020 - October 31, 2020	—		$—		—	7,696,108
November 1, 2020 - November 30, 2020	—		—		—	7,696,108
December 1, 2020 - December 31, 2020	638,626		105.36		638,200	7,057,908
January 1, 2021	—		—		—	7,057,908
Total	638,626		$105.36		638,200

	Year Ended	2020 to 2019		2019 to 2018
	January 1, 2021	January 3, 2020		December 28, 2018	Dollar change	Percent change		Dollar change	Percent change
	(dollars in millions)
Revenues	$12,297		$11,094		$10,194		$1,203		11%		$900		9%
Cost of revenues	10,560		9,546		8,690		1,014		11%		856		10%
Selling, general and administrative expenses	770		689		729		81		12%		(40)		(5)%
Bad debt expense and recoveries	(68)		(40)		—		(28)		70%		(40)		(100)%
Acquisition, integration and restructuring costs	39		5		37		34		NM	(32)		(86)%

	January 1, 2021	January 3, 2020
	(in millions)
Defense Solutions:
Funded backlog	$3,710		$3,063
Negotiated unfunded backlog	14,721		11,974
Total Defense Solutions backlog	$18,431		$15,037
Civil:
Funded backlog	$1,398		$1,267

	Total	2021		2022	2023	2024		2025	2026 and thereafter
	(in millions)
Contractual obligations(1):
Long-term debt (including current portion)(2)	$6,115		$244		$245		$807		$335	$1,454	$3,030
Operating lease obligations	790		148		126		108		94	69	245
Finance lease obligations	11		6		2		2		—	—	1
Other long-term liabilities(3)	262		9		71		9		9	110	54
Total contractual obligations	$7,178		$407		$444		$926		$438	$1,633	$3,330

Total current assets	$1,940
Goodwill	4,080
Investments in consolidated subsidiaries	4,254
Other long-term assets	1,419
	$11,693
Total current liabilities	$2,001
Long-term debt, net of current portion	4,642
Intercompany payables	1,115

Revenues, net	$8,736
Operating income	653
Net income	290
Net income attributable to Leidos common stockholders	290

	Year Ended
	January 1, 2021	January 3, 2020		December 28, 2018
Cost-reimbursement and fixed-price-incentive-fee	51%		54%		54%
Firm-fixed-price	36%		33%		31%
Time-and-materials and fixed-price-level-of-effort	13%		13%		15%
Total	100%		100%		100%

	Year Ended
	January 1, 2021	January 3, 2020		December 28, 2018
	(in millions)
Net cash provided by operating activities	$1,334		$992		$768
Net cash (used in) provided by investing activities	(2,815)		65		(114)
Net cash provided by (used in) financing activities	1,451		(709)		(707)
Net (decrease) increase in cash, cash equivalents and restricted cash	$(30)		$348		$(53)

	January 1, 2021	January 3, 2020
	(in millions)
ASSETS
Cash and cash equivalents	$524		$668
Receivables, net	2,137		1,734
Inventory, net	276		72
Other current assets	402		338
Total current assets	3,339		2,812

	Year Ended
	January 1, 2021	January 3, 2020		December 28, 2018
	(in millions)
Net income	$629		$670		$582
Foreign currency translation adjustments	63		8		(61)
Unrecognized loss on derivative instruments	(37)		(47)		(10)
Pension adjustments	(2)		(1)		(1)
Total other comprehensive income (loss), net of taxes	24		(40)		(72)

	Page
CONSOLIDATED FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm	57
Consolidated Balance Sheets as of January 1, 2021 and January 3, 2020	60
Consolidated Statements of Income for the fiscal years ended January 1, 2021, January 3, 2020 and December 28, 2018	61
Consolidated Statements of Comprehensive Income for the fiscal years ended January 1, 2021, January 3, 2020 and December 28, 2018	62
Consolidated Statements of Equity for the fiscal years ended January 1, 2021, January 3, 2020 and December 28, 2018	63
Consolidated Statements of Cash Flows for the fiscal years ended January 1, 2021, January 3, 2020 and December 28, 2018	64

	Shares of common stock	Additional paid-in capital		(Accumulated deficit) retained earnings	Accumulated other comprehensive income (loss)	Leidos Holdings, Inc. stockholders' equity		Non-controlling interest	Total
	(in millions, except for per share amounts)
Balance at December 29, 2017	151		$3,344		$(7)		$33		$3,370	$13	$3,383
Cumulative adjustments related to ASU adoptions	—		—		(8)		9		1	—	1
Balance at December 30, 2017	151		3,344		(15)		42		3,371	13	3,384
Net income	—		—		581		—		581	1	582
Other comprehensive loss, net of taxes	—		—		—		(72)		(72)	—	(72)
Issuances of stock (less forfeitures)	1		17		—		—		17	—	17

	Estimated useful lives (in years)
Backlog	1
Customer relationships	8-10
Programs	4-13
Software and technology	3-15
Trade names	3

	Year Ended January 1, 2021
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$5,407		$59		$519	$5,985
Other government agencies(1)	995		2,418		1,329	4,742
Commercial and non-U.S. customers	937		426		107	1,470
Total	$7,339		$2,903		$1,955	$12,197

	Year Ended January 3, 2020
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$4,767		$67		$491	$5,325
Other government agencies(1)	685		2,291		1,332	4,308
Commercial and non-U.S. customers	847		345		151	1,343
Total	$6,299		$2,703		$1,974	$10,976

	Year Ended December 28, 2018
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$4,427		$60		$386	$4,873
Other government agencies(1)	494		2,071		1,276	3,841
Commercial and non-U.S. customers	857		468		155	1,480
Total	$5,778		$2,599		$1,817	$10,194

	Balance sheet line item	January 1, 2021	January 3, 2020
		(in millions)
Contract assets - current:
Unbilled receivables	Receivables, net	$906		$735
Contract liabilities - current:
Deferred revenue	Accounts payable and accrued liabilities	$481		$400
Contract liabilities - non-current:
Deferred revenue	Other long-term liabilities	$20		$9

Cash	$26
Receivables	135
Inventory	101
Other current assets	23
Operating lease right-of-use assets	35
Property, plant and equipment	33
Intangible assets	354
Accounts payable and accrued liabilities	(125)

	Weighted average amortization period	Fair value
	(in years)	(in millions)
Programs	13	$141
Customer relationships	10	48
Technology	10	73
In-process research and development ("IPR&D")(1)		92
Total	11	$354

	January 1, 2021	January 3, 2020
	Gross carrying value	Accumulated amortization		Net carrying value	Gross carrying value	Accumulated amortization		Net carrying value
	(in millions)
Finite-lived intangible assets:
Programs	$1,632		$(687)		$945		$1,003		$(536)	$467
Software and technology	188		(100)		88		102		(83)	19
Customer relationships	93		(10)		83		45		(6)	39
Backlog	32		(29)		3		—		—	—

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

Table 1 after “TABLE OF CONTENTS”

Table 2 after “As of January 1, 2021, we owned the following properties:”

Table 3 after “The following is a list of the names and ages (as of February 23, 2021) of our executive officers, indicating all positions and offices held”

Table 4 after “PART I”

Table 5 after “The following table presents repurchases of Leidos common stock during the quarter ended January 1, 2021:”

Table 6 after “Our results of operations for the periods presented were as follows:”

Table 7 after “Segment and Corporate Results”

Table 8 after “The increase in operating income for fiscal 2019 as compared to fiscal 2018 was primarily attributable to new awards, favorable program mix ”

Table 9 after “The decrease in operating income for fiscal 2019 as compared to fiscal 2018 was primarily attributable to lower net profit write-ups in fisc”

Table 10 after “The increase in operating income for fiscal 2019 as compared to fiscal 2018 was primarily attributable to a net increase in program volumes,”

Table 11 after “The estimated value of our total backlog for the periods presented was as follows:”

Table 12 after “Our earnings and profitability may vary materially depending on changes in the proportionate amount of revenues derived from each type of co”

Table 13 after “The following table summarizes cash flow information for the periods presented:”

Table 14 after “The following table summarizes, as of January 1, 2021, our obligations to make future payments pursuant to certain contracts or arrangements”

Table 15 after “Balance Sheet”

Table 16 after “Income Statement”

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

Table 25 after “Intangible assets with finite lives are amortized over the following periods:”

Table 26 after “Disaggregated revenues by customer-type were as follows:”

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 “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS”

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

Table 33 after “Disaggregated revenues by geographic location were as follows:”

Table 34 after “Disaggregated revenues by geographic location were as follows:”

Table 35 after “The components of contract assets and contract liabilities consisted of the following:”

Table 36 after “The preliminary fair values of the assets acquired and liabilities assumed at the Transaction Date were as follows (in millions):”

Table 37 after “The following table summarizes the preliminary fair value of intangible assets acquired at the Transaction Date and the related weighted ave”

Table 38 after “The fair values of the assets acquired and liabilities assumed at the Acquisition Date were as follows (in millions):”

Table 39 after “The following table summarizes the fair value of intangible assets acquired at the Acquisition Date and the related weighted average amortiz”

Table 40 after “The following expenses were incurred related to the acquisitions of Dynetics and the SD&A Businesses:”

Table 41 after “The following unaudited pro forma financial information presents consolidated results of operations as if the acquisitions of Dynetics and t”

Table 42 after “The components of receivables, net consisted of the following:”

Table 43 after “The components of inventory, net consisted of the following:”

Table 44 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”

Table 45 after “Intangible assets consisted of the following:”

Table 46 after “The estimated annual amortization expense related to finite-lived intangible assets as of January 1, 2021, is as follows:”

Table 47 after “Property, plant and equipment, net consisted of the following:”

Table 48 after “ROU assets and lease liabilities consisted of the following:”

Table 49 after “Total lease cost for the periods presented consisted of the following:”

Table 50 after “Lease terms and discount rates related to leases were as follows:”

Table 51 after “Other information related to leases was as follows:”

Table 52 after “Future minimum lease commitments of our finance and operating leases on an undiscounted basis, reconciled to the respective lease liability ”

Table 53 after “Rental expense for facilities and equipment for the period presented were as follows:”

Table 54 after “The components of lease income were as follows:”

Table 55 after “As of January 1, 2021, undiscounted cash flows for sales-type and operating leases for the next five years are as follows:”

Table 56 after “Financial instruments measured on a recurring basis at fair value consisted of the following:”

Table 57 after “The fair value of the interest rate swaps and foreign currency forward contracts was as follows:”

Table 58 after “The fair value of the interest rate swaps and foreign currency forward contracts was as follows:”

Table 59 after “The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows:”

Table 60 after “Debt consisted of the following:”

Table 61 after “Future minimum payments of debt are as follows:”

Table 62 after “Changes in the components of accumulated other comprehensive loss were as follows:”

Table 63 after “Note 17—Composition of Certain Financial Statement Captions”

Table 64 after “million of dividends received during fiscal 2020 and fiscal 2019, respectively, that were recorded in cash flows provided by operating activ”

Table 65 after “The weighted average number of shares used to compute basic and diluted EPS attributable to Leidos stockholders were:”

Table 66 after “Stock-based compensation and related tax benefits recognized under all plans were as follows:”

Table 67 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 68 after “Stock option activity for each of the periods presented was as follows:”

Table 69 after “Restricted stock units and awards activity for each of the periods presented was as follows:”

Table 70 after “Performance-based stock award activity for each of the periods presented was as follows:”

Table 71 after “The Monte Carlo simulation assumptions used for the periods presented were as follows:”

Table 72 after “The provision for income taxes for the periods presented included the following:”

Table 73 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 74 after “Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting”

Table 75 after “Income tax balance sheet items are included in the accompanying consolidated balance sheets as follows:”

Table 76 after “million of accrued interest and penalties for fiscal 2018, were as follows:”

Table 77 after “Supplementary cash flow information, including non-cash activities, for the periods presented was as follows:”

Table 78 after “The following is a reconciliation of cash and cash equivalents, as reported within the consolidated balance sheets, to the total cash, cash ”

Table 79 after “The following table summarizes business segment information for the periods presented:”

Fiscal Year Ending
	(in millions)
2021	$203
2022	198
2023	174
2024	126
2025	101
2026 and thereafter	318

	January 1, 2021	January 3, 2020
Weighted-average remaining lease term (in years):
Finance leases	2.9	2.4
Operating leases	7.3	5.7
Weighted-average discount rate:
Finance leases	2.7%		4.2%
Operating leases	3.5%		4.1%

Fiscal Year Ending	Finance lease commitments	Operating lease commitments
	(in millions)
2021	$6		$148
2022	2		126
2023	2		108
2024	—		94
2025	—		69
2026 and thereafter	1		245

		Year Ended
	Income statement line item	January 1, 2021	January 3, 2020
		(in millions)
Sales-type leases:
Selling price at lease commencement	Revenues	$61		$84
Cost of underlying asset	Cost of revenues	(47)		(86)
Operating income (loss)		14		(2)
Interest income on lease receivables	Revenues	8		6

Fiscal Year Ending	Sales-type leases	Operating leases
	(in millions)
2021	$35		$27
2022	23		29
2023	10		29
2024	4		30
2025	2		—
Total undiscounted cash flows	$74		$115

	January 1, 2021	January 3, 2020
	Carrying value	Fair value		Carrying value	Fair value
	(in millions)
Financial assets:
Derivatives	$1		$1		$2	$2
Financial liabilities:
Derivatives	103		103		75	75

	Asset derivatives
	Balance sheet line item	January 1, 2021	January 3, 2020
		(in millions)
Fair value interest rate swaps	Other assets	$—		$2
Foreign currency forward contracts	Other current assets	1		—
		$1		$2

	Liability derivatives
	Balance sheet line item	January 1, 2021	January 3, 2020
		(in millions)
Cash flow interest rate swaps	Other long-term liabilities	$103		$75

	Stated interest rate	Effective interest rate		January 1, 2021(1)	January 3, 2020(1)
				(in millions)
Senior unsecured term loan:
$1,925 million Term Loan, due January 2025	1.53%		1.79%		$1,391	$—
Senior secured term loans:
$690 million Term Loan A, due August 2023	3.31%		3.74%		—	581
$310 million Term Loan A, due August 2023	3.31%		3.76%		—	242
$1,131 million Term Loan B, due August 2025	3.56%		3.91%		—	1,075

	Foreign currency translation adjustments	Unrecognized gain (loss) on derivative instruments		Pension adjustments	Total accumulated other comprehensive loss
	(in millions)
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
Other comprehensive loss	(65)		(7)		(1)	(73)
Taxes	4		3		—	7
Reclassification from accumulated other comprehensive loss	—		(6)		—	(6)