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

89 tables with numbers, filed Feb 14, 2023. 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	3
Item 1A.	Risk Factors	16
Item 1B.	Unresolved Staff Comments	39
Item 2.	Properties	39
Item 3.	Legal Proceedings	39
Item 4.	Mine Safety Disclosures	39

Age of global employees
Less than 30 years	15%
30-50 years	47%
Greater than 50 years	38%

Ethnicity of U.S. employees(1)
White	62%
Black	13%
Asian/Indian	10%
Hispanic/Latino	9%
Other	3%
Undisclosed	3%

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
Decatur, Alabama	1		50,000		5.0

Name of officer	Age	Position(s) with the company and prior business experience
Roger A. Krone	66	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 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, National Air and Space Museum board, Lear Corporation board, the National Academy of Engineering, the Business Roundtable and the Executive Committee of the Aerospace Industries Association.
Christopher R. Cage	51	Mr. Cage has served as Executive Vice President and Chief Financial Officer since July 2021. He has served in several capacities throughout his 24-year tenure with Leidos, including Senior Vice President, Chief Accounting Officer and Corporate Controller, Senior Vice President for Financial Planning and Analysis and Chief Financial Officer for the Health Group.

Name of officer	Age	Position(s) with the company and prior business experience
Carly E. Kimball	47	Ms. Kimball has served as Senior Vice President, Chief Accounting Officer and Corporate Controller since July 2021. Previously, she served as the Company’s Assistant Corporate Controller. Ms. Kimball brings over 20 years of experience leading large teams and has extensive proficiency in accounting, auditing, financial reporting, acquisitions and integrations, as well as business operations. Prior to joining Leidos, she served as Chief Financial Officer of CACI Products Company Inc. and senior manager in Ernst & Young’s Aerospace and Defense audit practice.
Gerard A. Fasano	57	Mr. Fasano has served as President for our Defense Group since October 2018, and before that, as Chief of Business Development and 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.
Jerald S. Howe, Jr.	67	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.
Steve Cook	55	Mr. Cook has served as President of the Dynetics Group since April 2022. He previously served as Deputy Group President and Operations Manager of the Leidos Innovations Center from February 2020 to March 2022. He joined Dynetics in 2009 as the director of space technologies before leading the Dynetics Space Division and then later overseeing Dynetics’ corporate development efforts. Prior to joining Dynetics, Mr. Cook enjoyed a long and successful career at NASA, serving in such roles as the deputy manager of NASA’s Marshall Space Transportation Programs and Projects Office as well as the manager of the Ares Projects Office at the Marshall Space Flight Center in Huntsville.
James R. Moos	53	Mr. Moos has served as 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	52	Ms. Porter has served as President for our Health Group since August 2020 and, before that, as Acting Group President for the Health Group since March 2020. 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.
Roy Stevens	54	Mr. Stevens has served as President for our Intelligence Group since July 2021, and before that, as Chief of Business Development and Strategy. Prior to joining Leidos, Mr. Stevens served Lockheed Martin Corporation in a variety of executive level positions for over 20 years, most recently as Vice President of Global Solutions under the Information Systems & Global Solutions business, and has also been integral to the merger and acquisition of several companies during his career. He serves on the Board of Directors for Cornerstones.

Name of officer	Age	Position(s) with the company and prior business experience
Debbie Opiekun	60	Ms. Opiekun has served as Chief Business Development Officer since August 2021, and before that, as Senior Vice President and Operations Manager of Leidos’ Military and Veterans Health Solutions business. She previously served as Leidos Deputy Health Group President and Senior Vice President Capture Operations and Excellence. Prior to joining Leidos, Ms. Opiekun served Lockheed Martin Corporation in a variety of positions for over 30 years, most recently as Director Capture Operations and Excellence.
Thomas C. Sanglier	62	Mr. Sanglier has served as Senior Vice President and Chief Audit Executive since July 2022. Prior to joining Leidos, Mr. Sanglier served as Senior Director, Internal Audit with Raytheon Technologies from November 2016 to June 2022 and as a Partner with Ernst & Young’s Advisory practice serving private and public organizations in the technology, manufacturing and professional services industries during June 2008 to December 2010. He currently serves as Chair of the North American Board and a member of the Global Board of the Institute of Internal Auditors ("IIA"). He has been involved as a volunteer leader with the IIA since becoming a member in 2011. Mr. Sanglier has also served as a member of The IIA’s Audit Committee, Guidance Development Committee, North American Publications Advisory Committee and multiple task forces.
Maureen Waterston	58	Ms. Waterston has served as Chief Human Resources Officer for Leidos since March 2022. Ms. Waterston brings over 25 years of experience overseeing talent, recruitment, and development; employee and labor relations; compensation and benefits; and diversity and inclusion across a global workforce. Prior to joining Leidos, Ms. Waterston served as Chief Human Resources Officer for Pratt & Whitney from November 2015 to March 2022, Chief Human Resources Officer for United Technologies Building & Industrial Systems and Global Chief Human Resources Officer for Otis Elevator Company.
James F. Carlini	57	Mr. Carlini has served as Chief Technology Officer of Leidos since June 2019. Prior to joining Leidos, Mr. Carlini founded and operated a national security consultancy from May 2006 to October 2018. Previously, Mr. Carlini served at Northrop Grumman Electronic Systems as Vice President of Advanced Development Programs between July 2002 to May 2006. He also served at the Defense Advanced Research Projects Agency (DARPA) for six years, with his last position being Director of the Special Projects Office. Mr. Carlini is a former member of the United States Army Science Board and the United States Air Force Scientific Advisory Board. He is currently a member of the Department of Defense’s Defense Science Board.
M. Victoria Schmanske	60	Ms. Schmanske has served as the Executive Vice President of Leidos Corporate Operations since July 2021, and before that, as President for the Intelligence Group. Ms. Schmanske has also served as the Leidos Chief Administrative Officer and Deputy President and Chief Operations Officer for the Health Group. Prior to joining Leidos, Ms. Schmanske served Lockheed Martin Corporation for over 30 years, most recently as Vice President for Operations IS&GS. She serves on multiple outside boards to include Intelligence and National Security Alliance, U.S. Geospatial Intelligence Foundation and The Women’s Center.

Company/Market/Peer Group	12/29/2017	12/28/2018		1/3/2020	1/1/2021	12/31/2021		12/30/2022
Leidos Inc.	$100.00		$82.79		$159.84		$171.33		$147.03	$176.50
S&P 500 Composite Index	$100.00		$94.80		$125.91		$148.85		$191.58	$156.88
S&P 500 IT Services Index	$100.00		$103.70		$147.74		$180.40		$189.20	$154.13

	Year Ended	2022 to 2021
	December 30, 2022	December 31, 2021		Dollar change	Percent change
	(dollars in millions)
Revenues	$14,396		$13,737		$659	5%
Cost of revenues	12,312		11,723		589	5%
Selling, general and administrative expenses	950		860		90	10%
Credit losses (recoveries), net	1		(9)		10	(111)%
Acquisition, integration and restructuring costs	17		27		(10)	(37)%

	Year Ended	2022 to 2021
Defense Solutions	December 30, 2022	December 31, 2021		Dollar change	Percent change
	(dollars in millions)
Revenues	$8,244		$8,032		$212	3%
Operating income	541		569		(28)	(5)%
Operating income margin	6.6%		7.1%

Gender of global employees(1)
Male	65%
Female	34%
Undisclosed	1%

	Year ended
	December 30, 2022	December 31, 2021
Segment	Funded	Unfunded		Total	Funded	Unfunded		Total
	(in millions)
Defense Solutions	$4,442		$14,155		$18,597		$4,393		$15,274	$19,667
Civil	1,876		8,790		10,666		1,628		7,903	9,531
Health	2,064		4,455		6,519		1,428		3,829	5,257
Total	$8,382		$27,400		$35,782		$7,449		$27,006	$34,455

	Year Ended
	December 30, 2022	December 31, 2021		January 1, 2021
Cost-reimbursement and fixed-price-incentive-fee	50%		50%		51%
Firm-fixed-price	38%		37%		36%
Time-and-materials and fixed-price-level-of-effort	12%		13%		13%
Total	100%		100%		100%

	Year Ended
	December 30, 2022	December 31, 2021
	(in millions)
Net cash provided by operating activities	$986		$1,031
Net cash used in investing activities	(313)		(730)
Net cash used in financing activities	(865)		(113)
Net (decrease) increase in cash, cash equivalents and restricted cash	$(192)		$188

	Year Ended	2022 to 2021
Corporate	December 30, 2022	December 31, 2021		Dollar change	Percent change
	(dollars in millions)
Operating loss	$(108)		$(107)		$(1)	1%

	December 30, 2022
	(in millions)
Total current assets	$2,115
Goodwill	5,810
Other long-term assets	1,188
Total assets	$9,113
Total current liabilities	$2,922
Long-term debt, net of current portion	3,925

	December 30, 2022
	(in millions)
Revenues, net	$9,808
Operating income	698
Net income	250

	Page
CONSOLIDATED FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34)	57
Consolidated Balance Sheets as of December 30, 2022 and December 31, 2021	60
Consolidated Statements of Income for the fiscal years ended December 30, 2022, December 31, 2021, and January 1, 2021	61
Consolidated Statements of Comprehensive Income for the fiscal years ended December 30, 2022, December 31, 2021, and January 1, 2021	62
Consolidated Statements of Equity for the fiscal years ended December 30, 2022, December 31, 2021, and January 1, 2021	63
Consolidated Statements of Cash Flows for the fiscal years ended December 30, 2022, December 31, 2021, and January 1, 2021	64

	Shares of common stock	Additional paid-in capital		Retained earnings	Accumulated other comprehensive income (loss)	Leidos stockholders' equity		Non-controlling interest	Total stockholders' equity
	(in millions, except for per share amounts)
Balance at January 3, 2020	141		$2,587		$896		$(70)		$3,413	$4	$3,417
Cumulative adjustments related to ASU adoptions	—		—		(1)		—		(1)	—	(1)
Balance at January 4, 2020	141		2,587		895		(70)		3,412	4	3,416
Net income	—		—		628		—		628	1	629
Other comprehensive income, net of taxes	—		—		—		24		24	—	24
Issuances of stock	1		36		—		—		36	—	36

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

	Depreciation method	Estimated useful lives (in years)
Computers and other equipment	Straight-line or declining-balance	2-15
Buildings	Straight-line	Not to exceed 40
Building improvements and leasehold improvements	Straight-line	Shorter of useful life of asset or remaining lease term
Vehicles and transportation equipment	Straight-line	2-15
Office furniture and fixtures	Straight-line or declining-balance	6-9

	Year Ended December 30, 2022
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$6,027		$84		$999	$7,110
Other U.S. government agencies(1)	1,004		2,660		1,576	5,240
Commercial and non-U.S. customers	1,211		618		108	1,937
Total	$8,242		$3,362		$2,683	$14,287

	Year Ended December 31, 2021
	Defense Solutions	Civil		Health	Total
	(in millions)
DoD and U.S. Intelligence Community	$5,939		$54		$756	$6,749
Other U.S. government agencies(1)	964		2,447		1,681	5,092
Commercial and non-U.S. customers	1,126		543		107	1,776
Total	$8,029		$3,044		$2,544	$13,617

	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 U.S. 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

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

Table 1 after “TABLE OF CONTENTS”

Table 2 after “As of December 30, 2022, our workforce consisted of the following:”

Table 3 after “Based on employees who self-identify.”

Table 4 after “Based on employees who self-identify.”

Table 5 after “As of December 30, 2022, we owned the following properties:”

Table 6 after “The following is a list of the names and ages (as of February 14, 2023) of our executive officers, indicating all positions and offices held”

Table 7 after “PART I”

Table 8 after “PART I”

Table 9 after “PART II”

Table 10 after “Our results of operations for the periods presented were as follows:”

Table 11 after “Segment and Corporate Results”

Table 12 after “PART II”

Table 13 after “The decrease in operating income for fiscal 2022 as compared to fiscal 2021 was primarily attributable to a $19 million increase in legal fe”

Table 14 after “The decrease in operating income for fiscal 2022 as compared to fiscal 2021 was primarily attributable to a net decrease in volumes on highe”

Table 15 after “The estimated value of our total backlog for the periods presented was as follows:”

Table 16 after “Our earnings and profitability may vary materially depending on changes in the proportionate amount of revenues derived from each type of co”

Table 17 after “The following table summarizes cash flow information for the periods presented:”

Table 18 after “Balance Sheet Information for the Guarantor and Issuer of Registered Notes”

Table 19 after “Statement of Income Information for the Guarantor and Issuer of Registered Notes”

Table 20 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”

Table 21 after “CONSOLIDATED BALANCE SHEETS”

Table 22 after “CONSOLIDATED STATEMENTS OF INCOME”

Table 23 after “CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”

Table 24 after “CONSOLIDATED STATEMENTS OF EQUITY”

Table 25 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”

Table 26 after “CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]”

Table 27 after “Changes in estimates on contracts for the periods presented were as follows:”

Table 28 after “Intangible assets with finite lives are amortized over the following periods:”

Table 29 after “Depreciation is recognized using the methods and estimated useful lives as follows:”

Table 30 after “Disaggregated revenues by customer-type were as follows:”

Table 31 after “Disaggregated revenues by customer-type were as follows:”

Table 32 after “Disaggregated revenues by customer-type were as follows:”

Table 33 after “Disaggregated revenues by contract-type were as follows:”

Table 34 after “Disaggregated revenues by contract-type were as follows:”

Table 35 after “Disaggregated revenues by contract-type were as follows:”

Table 36 after “Disaggregated revenues by geographic location were as follows:”

Table 37 after “Disaggregated revenues by geographic location were as follows:”

Table 38 after “Disaggregated revenues by geographic location were as follows:”

Table 39 after “The components of contract assets and contract liabilities consisted of the following:”

Table 40 after “The following table summarizes the preliminary fair value of intangible assets acquired at the Agreement Date and the related weighted avera”

Table 41 after “The following table summarizes the fair value of intangible assets acquired at the Closing Date and the related weighted average amortizatio”

Table 42 after “The final fair values of the assets acquired and liabilities assumed at the Transaction Date were as follows (in millions):”

Table 43 after “The following table summarizes the final fair value of intangible assets acquired at the Transaction Date and the related weighted average a”

Table 44 after “The final fair values of the assets acquired and liabilities assumed at the Acquisition Date were as follows (in millions):”

Table 45 after “The following table summarizes the final fair value of intangible assets acquired at the Acquisition Date and the related weighted average a”

Table 46 after “The following expenses were incurred related to the acquisitions of Dynetics, the SD&A Businesses, 1901 Group, Gibbs & Cox, Cobham Special M”

Table 47 after “The components of receivables, net consisted of the following:”

Table 48 after “The components of inventory, net consisted of the following:”

Table 49 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”

Table 50 after “Intangible assets, net consisted of the following:”

Table 51 after “The estimated annual amortization expense related to finite-lived intangible assets as of December 30, 2022, is as follows:”

Table 52 after “Property, plant and equipment, net consisted of the following:”

Table 53 after “ROU assets and lease liabilities consisted of the following:”

Table 54 after “Total lease cost for the periods presented consisted of the following:”

Table 55 after “Lease terms and discount rates related to leases were as follows:”

Table 56 after “Other information related to leases was as follows:”

Table 57 after “Future minimum lease commitments of our finance and operating leases on an undiscounted basis, reconciled to the respective lease liability ”

Table 58 after “The components of lease income were as follows:”

Table 59 after “As of December 30, 2022, undiscounted cash flows for sales-type and operating leases for the next five years are as follows:”

Table 60 after “Financial instruments measured on a recurring basis at fair value consisted of the following:”

Table 61 after “The fair value of the interest rate swaps was as follows:”

Table 62 after “The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows:”

Table 63 after “Debt consisted of the following:”

Table 64 after “Future minimum payments of debt are as follows:”

Table 65 after “Changes in the components of Accumulated Other Comprehensive Income (Loss) ("AOCI") were as follows:”

Table 66 after “Note 15—Composition of Certain Financial Statement Captions”

Table 67 after “Certain accounts in accrued liabilities were reclassified in the prior year to other to conform to current year presentation.”

Table 68 after “The weighted average number of shares used to compute basic and diluted EPS attributable to Leidos stockholders were:”

Table 69 after “Stock-based compensation and related tax benefits recognized under all plans were as follows:”

Table 70 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 71 after “Stock option activity for each of the periods presented was as follows:”

Table 72 after “Restricted stock units and awards activity for each of the periods presented was as follows:”

Table 73 after “Performance-based stock award activity for each of the periods presented was as follows:”

Table 74 after “The Monte Carlo simulation assumptions used for the periods presented were as follows:”

Table 75 after “The provision for income taxes for the periods presented included the following:”

Table 76 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 77 after “Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting”

Table 78 after “Income tax balance sheet items are included in the accompanying consolidated balance sheets as follows:”

Table 79 after “The changes in the unrecognized tax benefits were as follows:”

	Balance sheet line item	December 30, 2022	December 31, 2021
		(in millions)
Contract assets - current:
Unbilled receivables	Receivables, net	$1,010		$1,022
Contract liabilities - current:
Deferred revenue(1)	Accounts payable and accrued liabilities	$380		$364
Contract liabilities - non-current:
Deferred revenue(1)	Other long-term liabilities	$29		$24

	Weighted average amortization period	Fair value
	(in years)	(in millions)
Programs	7	$21
Technology	9	4
Total	7	$25

Current assets	$287
Intangible assets	355
Other assets	67
Current liabilities	(140)
Long-term liabilities	(97)
Total identifiable net assets acquired	472
Goodwill	574
Purchase price	$1,046

Current assets	$241
Intangible assets	528
Other assets	205
Current liabilities	(79)
Long-term liabilities	(24)
Total identifiable net assets acquired	871
Goodwill	789
Purchase price	$1,660

	December 30, 2022	December 31, 2021
	Gross carrying value	Accumulated amortization		Net carrying value	Gross carrying value	Accumulated amortization		Net carrying value
	(in millions)
Finite-lived intangible assets:
Programs	$1,721		$(1,016)		$705		$1,722		$(830)	$892
Software and technology	225		(136)		89		230		(121)	109
Customer relationships	87		(25)		62		97		(18)	79
Backlog	—		—		—		38		(37)	1

Fiscal Year Ending
	(in millions)
2023	$208
2024	153
2025	124
2026	99
2027	71
2028 and thereafter	201

Fiscal Year Ending	Finance lease commitments	Operating lease commitments
	(in millions)
2023	$8		$152
2024	5		143
2025	5		103
2026	5		79
2027	5		57
2028 and thereafter	21		266

		Year Ended
	Income statement line item	December 30, 2022	December 31, 2021		January 1, 2021
		(in millions)
Sales-type leases:
Selling price at lease commencement	Revenues	$65		$80		$61
Cost of underlying asset	Cost of revenues	(52)		(60)		(47)
Operating income		13		20		14
Interest income on lease receivables	Revenues	9		8		8

Fiscal Year Ending	Sales-type leases	Operating leases
	(in millions)
2023	$42		$26
2024	31		27
2025	20		29
2026	11		—
2027	6		—
2028 and thereafter	4		—

	December 30, 2022	December 31, 2021
	Carrying value	Fair value		Carrying value	Fair value
	(in millions)
Financial assets:
Derivatives	$20		$20		$—	$—
Financial liabilities:
Derivatives	$—		$—		$53	$53