← Filings of LDOS
Tables in the 10-Q of Leidos Holdings, Inc.
45 tables with numbers, filed Jul 30, 2024. 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 ↗
| Part I | | Page |
| Item 1. | Financial Statements (Unaudited) | 1 |
| Condensed Consolidated Balance Sheets | 1 |
| Condensed Consolidated Statements of Operations | 2 |
| Condensed Consolidated Statements of Comprehensive Income | 3 |
| Condensed Consolidated Statements of Equity | 4 |
| Condensed Consolidated Statements of Cash Flows | 6 |
| Notes to Condensed Consolidated Financial Statements | 8 |
First 8 of 41 rows. The CSV has all of them.
Table 2 after “CONDENSED CONSOLIDATED BALANCE SHEETS”
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| June 28, 2024 | December 29, 2023 | |
| (unaudited; in millions, except share and per share data) | | |
| Assets: | | | |
| Cash and cash equivalents | $823 | | $777 |
| Receivables, net | 2,615 | | 2,429 |
| Inventory, net | 333 | | 310 |
| Other current assets | 458 | | 489 |
| Total current assets | 4,229 | | 4,005 |
First 8 of 33 rows. The CSV has all of them.
Table 3 after “CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (unaudited; in millions, except per share data) | | | | | |
| Revenues | $4,132 | | $3,838 | | $8,107 | $7,537 |
| Cost of revenues | 3,427 | | 3,271 | | 6,764 | 6,475 |
| Selling, general and administrative expenses | 231 | | 237 | | 457 | 470 |
| Acquisition, integration and restructuring costs | 7 | | 6 | | 11 | 9 |
| Equity earnings of non-consolidated subsidiaries | (8) | | (7) | | (15) | (13) |
First 8 of 20 rows. The CSV has all of them.
Table 4 after “CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (unaudited; in millions) | | | | | |
| Net income | $324 | | $210 | | $607 | $374 |
| Foreign currency translation adjustments | 8 | | (3) | | (19) | 12 |
| Unrecognized (loss) gain on derivative instruments | (1) | | 4 | | 1 | (1) |
| Pension adjustments | — | | — | | 1 | (1) |
| Total other comprehensive income (loss), net of taxes | 7 | | 1 | | (17) | 10 |
First 8 of 11 rows. The CSV has all of them.
Table 5 after “CONDENSED CONSOLIDATED STATEMENTS OF EQUITY”
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| Shares of common stock | Additional paid-in capital | | Retained earnings | | Accumulated other comprehensive income (loss) | Leidos stockholders' equity | | Non-controlling interest | | Total stockholders' equity | | | | |
| (unaudited; in millions, except per share data) | | | | | | | | | | | | | | |
| Balance at December 29, 2023 | 136 | | $1,885 | | | $2,364 | | $(48) | | | $4,201 | | $57 | | $4,258 |
| Net income (loss) | — | | — | | | 284 | | — | | | 284 | | (1) | | 283 |
| Other comprehensive loss, net of taxes | — | | — | | | — | | (24) | | | (24) | | — | | (24) |
| Issuances of stock | — | | 14 | | | — | | — | | | 14 | | — | | 14 |
| Repurchases of stock and other | (1) | | (184) | | | — | | — | | | (184) | | — | | (184) |
| Dividends of $0.38 per share | — | | | | (53) | | — | | | (53) | | — | | (53) | |
First 8 of 19 rows. The CSV has all of them.
Table 6 after “CONDENSED CONSOLIDATED STATEMENTS OF EQUITY”
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| Shares of common stock | Additional paid-in capital | | Retained earnings | Accumulated other comprehensive income (loss) | Leidos stockholders' equity | | Non-controlling interest | Total stockholders' equity | | |
| (unaudited; in millions, except per share data) | | | | | | | | | | |
| Balance at December 30, 2022 | 137 | | $2,005 | | $2,367 | | $(73) | | $4,299 | $54 | $4,353 |
| Net income | — | | — | | 162 | | — | | 162 | 2 | 164 |
| Other comprehensive income, net of taxes | — | | — | | — | | 9 | | 9 | — | 9 |
| Issuances of stock | — | | 14 | | — | | — | | 14 | — | 14 |
| Repurchases of stock and other | — | | (43) | | — | | — | | (43) | — | (43) |
| Dividends of $0.36 per share | — | | — | | (50) | | — | | (50) | — | (50) |
First 8 of 18 rows. The CSV has all of them.
Table 7 after “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS”
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| Six Months Ended | | |
| June 28, 2024 | June 30, 2023 | |
| (unaudited; in millions) | | |
| Cash flows from operations: | | | |
| Net income | $607 | | $374 |
| Adjustments to reconcile net income to net cash provided by operations: | | | |
| Depreciation and amortization | 140 | | 166 |
| Stock-based compensation | 40 | | 37 |
First 8 of 39 rows. The CSV has all of them.
Table 8 after “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]”
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| Six Months Ended | | |
| June 28, 2024 | June 30, 2023 | |
| (unaudited; in millions) | | |
| Supplementary cash flow information: | | | |
| Cash paid for income taxes, net of refunds | $163 | | $279 |
| Cash paid for interest | 107 | | 96 |
| Non-cash investing activity: | | | |
| Property, plant and equipment additions | $57 | | $1 |
First 8 of 10 rows. The CSV has all of them.
Table 9 after “Changes in estimates on contracts were as follows:”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (in millions, except per share data) | | | | | |
| Favorable impact | $42 | | $40 | | $67 | $62 |
| Unfavorable impact | (54) | | (22) | | (79) | (38) |
| Net impact to income before income taxes | $(12) | | $18 | | $(12) | $24 |
| Impact on diluted EPS attributable to Leidos common stockholders | $(0.07) | | $0.10 | | $(0.06) | $0.13 |
Table 10 after “Disaggregated revenues by customer-type were as follows:”
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| Three Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| DoD and U.S. Intelligence Community | $1,247 | | $255 | | $4 | | $441 | $1,947 |
| Other U.S. government agencies(1) | 520 | | 986 | | 81 | | 24 | 1,611 |
| Commercial and non-U.S. customers | 28 | | 16 | | 475 | | 30 | 549 |
| Total | $1,795 | | $1,257 | | $560 | | $495 | $4,107 |
Table 11 after “Disaggregated revenues by customer-type were as follows:”
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| Three Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| DoD and U.S. Intelligence Community | $1,193 | | $268 | | $7 | | $385 | $1,853 |
| Other U.S. government agencies(1) | 555 | | 741 | | 80 | | 30 | 1,406 |
| Commercial and non-U.S. customers | 31 | | 15 | | 457 | | 51 | 554 |
| Total | $1,779 | | $1,024 | | $544 | | $466 | $3,813 |
Table 12 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)”
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| Six Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| DoD and U.S. Intelligence Community | $2,468 | | $512 | | $14 | | $866 | $3,860 |
| Other U.S. government agencies(1) | 1,045 | | 1,903 | | 154 | | 46 | 3,148 |
| Commercial and non-U.S. customers | 61 | | 32 | | 900 | | 57 | 1,050 |
| Total | $3,574 | | $2,447 | | $1,068 | | $969 | $8,058 |
Table 13 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)”
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| Six Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| DoD and U.S. Intelligence Community | $2,347 | | $540 | | $15 | | $775 | $3,677 |
| Other U.S. government agencies(1) | 1,112 | | 1,454 | | 145 | | 60 | 2,771 |
| Commercial and non-U.S. customers | 66 | | 29 | | 873 | | 76 | 1,044 |
| Total | $3,525 | | $2,023 | | $1,033 | | $911 | $7,492 |
Table 14 after “Disaggregated revenues by contract-type were as follows:”
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| Three Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| Cost-reimbursement and fixed-price-incentive-fee | $948 | | $451 | | $90 | | $313 | $1,802 |
| Firm-fixed-price | 494 | | 749 | | 352 | | 143 | 1,738 |
| Time-and-materials and fixed-price-level-of-effort | 353 | | 57 | | 118 | | 39 | 567 |
| Total | $1,795 | | $1,257 | | $560 | | $495 | $4,107 |
Table 15 after “Disaggregated revenues by contract-type were as follows:”
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| Three Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| Cost-reimbursement and fixed-price-incentive-fee | $956 | | $522 | | $82 | | $267 | $1,827 |
| Firm-fixed-price | 497 | | 454 | | 349 | | 157 | 1,457 |
| Time-and-materials and fixed-price-level-of-effort | 326 | | 48 | | 113 | | 42 | 529 |
| Total | $1,779 | | $1,024 | | $544 | | $466 | $3,813 |
Table 16 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)”
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| Six Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| Cost-reimbursement and fixed-price-incentive-fee | $1,894 | | $898 | | $175 | | $614 | $3,581 |
| Firm-fixed-price | 986 | | 1,439 | | 671 | | 282 | 3,378 |
| Time-and-materials and fixed-price-level-of-effort | 694 | | 110 | | 222 | | 73 | 1,099 |
| Total | $3,574 | | $2,447 | | $1,068 | | $969 | $8,058 |
Table 17 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)”
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| Six Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| Cost-reimbursement and fixed-price-incentive-fee | $1,883 | | $1,075 | | $174 | | $539 | $3,671 |
| Firm-fixed-price | 1,004 | | 857 | | 638 | | 291 | 2,790 |
| Time-and-materials and fixed-price-level-of-effort | 638 | | 91 | | 221 | | 81 | 1,031 |
| Total | $3,525 | | $2,023 | | $1,033 | | $911 | $7,492 |
Table 18 after “Disaggregated revenues by geographic location were as follows:”
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| Three Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| United States | $1,788 | | $1,255 | | $227 | | $479 | $3,749 |
| International | 7 | | 2 | | 333 | | 16 | 358 |
| Total | $1,795 | | $1,257 | | $560 | | $495 | $4,107 |
Table 19 after “Disaggregated revenues by geographic location were as follows:”
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| Three Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| United States | $1,770 | | $1,024 | | $217 | | $463 | $3,474 |
| International | 9 | | — | | 327 | | 3 | 339 |
| Total | $1,779 | | $1,024 | | $544 | | $466 | $3,813 |
Table 20 after “Disaggregated revenues by geographic location were as follows:”
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| Six Months Ended June 28, 2024 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| United States | $3,558 | | $2,444 | | $435 | | $947 | $7,384 |
| International | 16 | | 3 | | 633 | | 22 | 674 |
| Total | $3,574 | | $2,447 | | $1,068 | | $969 | $8,058 |
Table 21 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)”
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| Six Months Ended June 30, 2023 | | | | | | | |
| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| United States | $3,505 | | $2,022 | | $409 | | $904 | $6,840 |
| International | 20 | | 1 | | 624 | | 7 | 652 |
| Total | $3,525 | | $2,023 | | $1,033 | | $911 | $7,492 |
Table 22 after “The components of contract assets and contract liabilities consisted of the following:”
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| Balance sheet line item | June 28, 2024 | December 29, 2023 | |
| | (in millions) | | |
| Contract assets - current: | | | | |
| Unbilled receivables | Receivables, net | $1,136 | | $1,041 |
| Contract liabilities - current: | | | | |
| Deferred revenue(1) | Accounts payable and accrued liabilities | $296 | | $442 |
| Contract liabilities - non-current: | | | | |
| Deferred revenue(1) | Other long-term liabilities | $16 | | $21 |
Table 23 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”
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| National Security and Digital | Health & Civil | | Commercial & International | Defense Systems | Total | | |
| (in millions) | | | | | | | |
| Goodwill at December 30, 2022 | $2,755 | | $1,366 | | $1,389 | | $1,186 | $6,696 |
| Goodwill Impairment | — | | — | | (596) | | — | (596) |
| Acquisitions of a business(1) | — | | — | | (4) | | — | (4) |
| Foreign currency translation adjustments | 3 | | — | | 11 | | 2 | 16 |
| Goodwill at December 29, 2023(2) | $2,758 | | $1,366 | | $800 | | $1,188 | $6,112 |
| Foreign currency translation adjustments | — | | — | | (10) | | — | (10) |
First 8 of 9 rows. The CSV has all of them.
Table 24 after “Intangible assets, net consisted of the following:”
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| June 28, 2024 | December 29, 2023 | | | | | | | | |
| Gross carrying value | Accumulated amortization | | Net carrying value | Gross carrying value | Accumulated amortization | | Net carrying value | | |
| (in millions) | | | | | | | | | |
| Finite-lived intangible assets: | | | | | | | | | | |
| Programs | $1,687 | | $(1,233) | | $454 | | $1,689 | | $(1,175) | $514 |
| Software and technology | 262 | | (155) | | 107 | | 263 | | (144) | 119 |
| Customer relationships | 52 | | (25) | | 27 | | 52 | | (22) | 30 |
| Total finite-lived intangible assets | 2,001 | | (1,413) | | 588 | | 2,004 | | (1,341) | 663 |
First 8 of 11 rows. The CSV has all of them.
Table 25 after “The estimated annual amortization expense as of June 28, 2024, was as follows:”
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| Fiscal year ending | |
| (in millions) |
| 2024 (remainder of year) | $74 |
| 2025 | 120 |
| 2026 | 98 |
| 2027 | 72 |
| 2028 | 62 |
| 2029 and thereafter | 162 |
First 8 of 9 rows. The CSV has all of them.
Table 26 after “The financial instruments measured at fair value on a recurring basis primarily consisted of the following:”
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| June 28, 2024 | December 29, 2023 | | | | |
| Carrying value | Fair value | | Carrying value | Fair value | |
| (in millions) | | | | | |
| Financial assets: | | | | | | |
| Derivatives | $11 | | $11 | | $11 | $11 |
Table 27 after “The fair value of the interest rate swaps was as follows:”
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| Asset derivatives | | | |
| Balance sheet line item | June 28, 2024 | December 29, 2023 | |
| | (in millions) | | |
| Cash flow interest rate swaps | Other long-term assets | $11 | | $11 |
Table 28 after “The effect of the cash flow hedges on other comprehensive (loss) income and earnings for the periods presented was as follows:”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (in millions) | | | | | |
| Total interest expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded | $51 | | $56 | | $100 | $110 |
| Amount recognized in other comprehensive income | $2 | | $10 | | $7 | $8 |
| Amount reclassified from accumulated other comprehensive loss to interest expense, net | $(3) | | $(5) | | $(6) | $(9) |
Table 29 after “Our debt consisted of the following:”
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| Stated interest rate | Effective interest rate | June 28, 2024 | December 29, 2023 | |
| | | (in millions) | | |
| Senior unsecured term loan: | | | | | |
| $1,000 million term loan, due March 2028 | 6.68% | 6.86% | $1,000 | | $1,000 |
| Senior unsecured notes: | | | | | |
| $500 million notes, due May 2025 | 3.63% | 3.76% | 500 | | 500 |
| $750 million notes, due May 2030 | 4.38% | 4.50% | 750 | | 750 |
| $750 million notes, due March 2033 | 5.75% | 5.81% | 750 | | 750 |
First 8 of 17 rows. The CSV has all of them.
Table 30 after “Changes in the components of Accumulated Other Comprehensive Income (Loss) ("AOCI") were as follows:”
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| Foreign currency translation adjustments | Unrecognized gain (loss) on derivative instruments | | Pension adjustments | Total AOCI | |
| (in millions) | | | | | |
| Balance at December 30, 2022 | $(73) | | $13 | | $(13) | $(73) |
| Other comprehensive income (loss) | 36 | | 6 | | (1) | 41 |
| Taxes | (2) | | 1 | | — | (1) |
| Reclassification from AOCI | — | | (15) | | — | (15) |
| Balance at December 29, 2023 | (39) | | 5 | | (14) | (48) |
| Other comprehensive income (loss) | (22) | | 7 | | 1 | (14) |
First 8 of 11 rows. The CSV has all of them.
Table 31 after “The following table provides a reconciliation of the weighted average number of shares outstanding used to compute basic and diluted EPS for”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (in millions) | | | | | |
| Basic weighted average number of shares outstanding | 135 | | 137 | | 135 | 137 |
| Dilutive common share equivalents—stock options and other stock awards | 1 | | 1 | | 2 | 1 |
| Diluted weighted average number of shares outstanding | 136 | | 138 | | 137 | 138 |
Table 32 after “The segment information for the periods presented was as follows:”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (in millions) | | | | | |
| Revenues: | | | | | | |
| National Security and Digital | $1,813 | | $1,791 | | $3,606 | $3,548 |
| Health & Civil | 1,263 | | 1,034 | | 2,462 | 2,042 |
| Commercial & International | 561 | | 547 | | 1,070 | 1,036 |
| Defense Systems | 495 | | 466 | | 969 | 911 |
First 8 of 16 rows. The CSV has all of them.
Table 33 after “As of June 28, 2024, the future expirations of the outstanding letters of credit and surety bonds were as follows:”
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| Fiscal year ending | |
| (in millions) |
| 2024 (remainder of year) | $42 |
| 2025 | 93 |
| 2026 | 2 |
| 2027 | 14 |
| 2028 | 15 |
| 2029 and thereafter | 3 |
First 8 of 9 rows. The CSV has all of them.
Table 34 after “The following table summarizes our condensed consolidated results of operations for the periods presented:”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | | |
| Revenues | $4,132 | | $3,838 | | $294 | | 7.7% | | $8,107 | | | $7,537 | $570 | 7.6% |
| Operating income | 475 | | 331 | | 144 | | 43.5% | | 890 | | | 596 | 294 | 49.3% |
| Non-operating expense, net | (49) | | (57) | | 8 | | (14.0)% | | (96) | | | (115) | 19 | (16.5)% |
| Income before income taxes | 426 | | 274 | | 152 | | 55.5% | | 794 | | | 481 | 313 | 65.1% |
| Income tax expense | (102) | | (64) | | (38) | | 59.4% | | (187) | | | (107) | (80) | 74.8% |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| National Security and Digital | June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | | |
| Revenues | $1,813 | | $1,791 | | $22 | | 1.2% | | $3,606 | | | $3,548 | $58 | 1.6% |
| Operating income | 183 | | 172 | | 11 | | 6.4% | | 358 | | | 317 | 41 | 12.9% |
| Operating margin | 10.1% | | 9.6% | | | | | 9.9% | | 8.9% | | | | |
| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| Health & Civil | June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | | |
| Revenues | $1,263 | | $1,034 | | $229 | | 22.1% | | $2,462 | | | $2,042 | $420 | 20.6% |
| Operating income | 307 | | 134 | | 173 | | 129.1% | | 529 | | | 247 | 282 | 114.2% |
| Operating margin | 24.3% | | 13.0% | | | | | 21.5% | | 12.1% | | | | |
Table 37 after “The increase in operating income for the three and six months ended June 28, 2024, as compared to the three and six months ended June 30, 20”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| Commercial & International | June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | | |
| Revenues | $561 | | $547 | | $14 | | 2.6% | | $1,070 | | | $1,036 | $34 | 3.3% |
| Operating (loss) income | (11) | | 34 | | (45) | | (132.4)% | | 23 | | | 47 | (24) | (51.1)% |
| Operating margin | (2.0)% | | 6.2% | | | | | 2.1% | | 4.5% | | | | |
Table 38 after “The decrease in operating income for the three and six months ended June 28, 2024, as compared to the three and six months ended June 30, 20”
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| Three Months Ended | Six Months Ended | | | | | | | | | | | | |
| Defense Systems | June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | | |
| Revenues | $495 | | $466 | | $29 | | 6.2% | | $969 | | | $911 | $58 | 6.4% |
| Operating income | 34 | | 21 | | 13 | | 61.9% | | 55 | | | 44 | 11 | 25.0% |
| Operating margin | 6.9% | | 4.5% | | | | | 5.7% | | 4.8% | | | | |
| Three Months Ended | Six Months Ended | | | | | | | | | | | |
| Corporate | June 28, 2024 | June 30, 2023 | | Dollar change | Percent change | June 28, 2024 | | June 30, 2023 | Dollar change | Percent change | | | |
| (dollars in millions) | | | | | | | | | | | | |
| Operating loss | $(38) | | $(30) | | $(8) | | 26.7% | | $(75) | | $(59) | $(16) | 27.1% |
Table 40 after “The estimated value of our total backlog was as follows:”
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| June 28, 2024 | June 30, 2023 | | | | | | | | |
| Segment | Funded | Unfunded | | Total | Funded | Unfunded | | Total | | |
| (in millions) | | | | | | | | | |
| National Security and Digital | $2,681 | | $15,268 | | $17,949 | | $2,806 | | $12,549 | $15,355 |
| Health & Civil | 1,607 | | 8,837 | | 10,444 | | 1,635 | | 9,127 | 10,762 |
| Commercial & International | 2,699 | | 1,886 | | 4,585 | | 2,786 | | 972 | 3,758 |
| Defense Systems | 1,036 | | 2,473 | | 3,509 | | 1,045 | | 3,232 | 4,277 |
| Total | $8,023 | | $28,464 | | $36,487 | | $8,272 | | $25,880 | $34,152 |
Table 41 after “The following table summarizes cash flow information for the periods presented:”
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| Three Months Ended | Six Months Ended | | | | |
| June 28, 2024 | June 30, 2023 | | June 28, 2024 | June 30, 2023 | |
| (in millions) | | | | | |
| Net cash provided by operating activities | $374 | | $164 | | $437 | $66 |
| Net cash used in investing activities | (21) | | (44) | | (33) | (83) |
| Net cash used in financing activities | (159) | | (164) | | (387) | (221) |
Table 42 after “Balance Sheet Information for the Guarantor and Issuer of Registered Notes”
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| June 28, 2024 | December 29, 2023 | |
| (in millions) | | |
| Total current assets | $2,520 | | $2,464 |
| Goodwill | 5,673 | | 5,517 |
| Other long-term assets | 1,323 | | 1,241 |
| Total assets | $9,516 | | $9,222 |
| Total current liabilities | $2,531 | | $1,983 |
| Long-term debt, net of current portion | 4,108 | | 4,663 |
First 8 of 11 rows. The CSV has all of them.
Table 43 after “Statement of Operations Information for the Guarantor and Issuer of Registered Notes”
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| Six Months Ended |
| June 28, 2024 |
| (in millions) |
| Revenues, net | $5,189 |
| Operating income | 434 |
| Net income attributable to Leidos common stockholders | 89 |
Table 44 after “The following table presents information related to the repurchases of our common stock during the quarter ended June 28, 2024.”
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| Period | Total Number of Shares(1) (or Units)Purchased | Average Price Paid per Share (or Unit) | | Total Number of Shares (or Units) Purchased asPart of Publicly Announced Repurchase Plans orPrograms(2) | Maximum Number of Shares (or Units) that May Yet BePurchased Under the Plans or Programs(2) | |
| March 30, 2024 - March 31, 2024 | — | | $— | | — | 11,837,626 |
| April 1, 2024 - April 30, 2024 | 448 | | 128.22 | | — | 11,837,626 |
| May 1, 2024 - May 31, 2024 | 677,221 | | 147.55 | | 677,221 | 11,160,405 |
| June 1, 2024 - June 28, 2024 | — | | — | | — | 11,160,405 |
| Total | 677,669 | | $147.54 | | 677,221 | |
| Exhibit Number | Description of Exhibit |
| 22 | List of Guarantors and Subsidiary Issuers of Guaranteed Securities. Incorporated herein by reference to Exhibit 22 to our Annual Report on Form 10-K filed with the SEC on February 13, 2024. |
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2 | Certification of Executive Vice President and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1 | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 32.2 | Certification of Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 101 | Interactive Data File. The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 104 | Cover Page Interactive Data File. The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |