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← Filings of LDOS

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

41 tables with numbers, filed May 6, 2025. 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 ↗

Table 1 after “Table of Contents”

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Part IPage
Item 1.Financial Statements (Unaudited)1
Condensed Consolidated Balance Sheets1
Condensed Consolidated Statements of Operations2
Condensed Consolidated Statements of Comprehensive Income3
Condensed Consolidated Statements of Equity4
Condensed Consolidated Statements of Cash Flows5
Notes to Condensed Consolidated Financial Statements7

First 8 of 41 rows. The CSV has all of them.

Table 2 after “CONDENSED CONSOLIDATED BALANCE SHEETS”

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(unaudited; in millions, except share and per share data)April 4, 2025January 3, 2025
Assets:
Cash and cash equivalents$842$849
Receivables, net2,9062,645
Inventory, net347315
Other current assets454525
Total current assets4,5494,334
Property, plant and equipment, net977991

First 8 of 32 rows. The CSV has all of them.

Table 3 after “CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS”

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Three Months Ended
(unaudited; in millions, except per share data)April 4, 2025March 29, 2024
Revenues$4,245$3,975
Cost of revenues3,4883,337
Selling, general and administrative expenses230226
Acquisition, integration and restructuring costs44
Equity earnings of non-consolidated subsidiaries(7)(7)
Operating income530415

First 8 of 19 rows. The CSV has all of them.

Table 4 after “CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”

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Three Months Ended
(unaudited; in millions)April 4, 2025March 29, 2024
Net income$365$283
Foreign currency translation adjustments28(27)
Unrecognized (loss) gain on derivative instruments(1)2
Pension adjustments—1
Total other comprehensive income (loss), net of taxes27(24)
Comprehensive income392259

First 8 of 10 rows. The CSV has all of them.

Table 5 after “CONDENSED CONSOLIDATED STATEMENTS OF EQUITY”

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(unaudited; in millions, except per share data)Shares of common stockAdditional paid-in capitalRetained earningsAccumulated other comprehensive income (loss)Leidos stockholders' equityNon-controlling interestTotal stockholders' equity
Balance at January 3, 2025131$1,112$3,410$(110)$4,412$48$4,460
Net income——363—3632365
Other comprehensive income, net of taxes———2727—27
Issuances of stock117——17—17
Repurchases of stock and other(3)(531)——(531)—(531)
Dividends of $0.40 per share—(52)—(52)—(52)
Stock-based compensation—21——21—21

First 8 of 10 rows. The CSV has all of them.

Table 6 after “CONDENSED CONSOLIDATED STATEMENTS OF EQUITY”

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(unaudited; in millions, except per share data)Shares of common stockAdditional paid-in capitalRetained earningsAccumulated other comprehensive income (loss)Leidos stockholders' equityNon-controlling interestTotal stockholders' equity
Balance at December 29, 2023136$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)
Stock-based compensation—20——20—20

First 8 of 10 rows. The CSV has all of them.

Table 7 after “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS”

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Three Months Ended
(unaudited; in millions)April 4, 2025March 29, 2024
Cash flows from operations:
Net income$365$283
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization6969
Stock-based compensation2120
Deferred income taxes(24)(25)

First 8 of 35 rows. The CSV has all of them.

Table 8 after “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]”

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Three Months Ended
(unaudited; in millions)April 4, 2025March 29, 2024
Supplementary cash flow information:
Cash paid for income taxes, net of refunds$(4)$2
Cash paid for interest5161
Non-cash investing activity:
Property, plant and equipment additions$—$35

Table 9 after “Changes in estimates on contracts were as follows:”

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Three Months Ended
(in millions, except per share data)April 4, 2025March 29, 2024
Favorable impact$53$25
Unfavorable impact(23)(25)
Net impact to income before income taxes$30$—
Impact on diluted EPS attributable to Leidos common stockholders$0.17$—

Table 10 after “Disaggregated revenues by customer-type were as follows:”

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Three Months Ended April 4, 2025
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
DoD and U.S. Intelligence Community$1,326$269$10$454$2,059
Other U.S. government agencies(1)51699997241,636
Commercial and non-U.S. customers251846030533
Total$1,867$1,286$567$508$4,228

Table 11 after “Disaggregated revenues by customer-type were as follows:”

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Three Months Ended March 29, 2024
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
DoD and U.S. Intelligence Community$1,221$257$10$425$1,913
Other U.S. government agencies(1)52591773221,537
Commercial and non-U.S. customers331642527501
Total$1,779$1,190$508$474$3,951

Table 12 after “Disaggregated revenues by contract-type were as follows:”

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Three Months Ended April 4, 2025
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
Cost-reimbursement and fixed-price-incentive-fee$1,013$471$95$309$1,888
Firm-fixed-price4977593591541,769
Time-and-materials and fixed-price-level-of-effort3575611345571
Total$1,867$1,286$567$508$4,228

Table 13 after “Disaggregated revenues by contract-type were as follows:”

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Three Months Ended March 29, 2024
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
Cost-reimbursement and fixed-price-incentive-fee$946$447$85$301$1,779
Firm-fixed-price4926903191391,640
Time-and-materials and fixed-price-level-of-effort3415310434532
Total$1,779$1,190$508$474$3,951

Table 14 after “Disaggregated revenues by geographic location were as follows:”

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Three Months Ended April 4, 2025
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
United States$1,859$1,285$238$499$3,881
International813299347
Total$1,867$1,286$567$508$4,228

Table 15 after “Disaggregated revenues by geographic location were as follows:”

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Three Months Ended March 29, 2024
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
United States$1,770$1,189$208$468$3,635
International913006316
Total$1,779$1,190$508$474$3,951

Table 16 after “The components of contract assets and contract liabilities consisted of the following:”

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(in millions)Balance sheet line itemApril 4, 2025January 3, 2025
Contract assets - current:
Unbilled receivablesReceivables, net$865$842
Contract liabilities - current:
Deferred revenue(1)Accounts payable and accrued liabilities$368$333
Contract liabilities - non-current:
Deferred revenue(1)Other long-term liabilities$8$10

Table 17 after “The following table presents changes in the carrying amount of goodwill by reportable segment:”

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(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
Goodwill at December 29, 2023(1)$2,758$1,366$800$1,188$6,112
Foreign currency translation adjustments——(28)—(28)
Goodwill at January 3, 2025(1)2,7581,3667721,1886,084
Foreign currency translation adjustments——14—14
Goodwill at April 4, 2025(1)$2,758$1,366$786$1,188$6,098

Table 18 after “Intangible assets, net consisted of the following:”

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April 4, 2025January 3, 2025
(in millions)Gross carrying valueAccumulated amortizationNet carrying valueGross carrying valueAccumulated amortizationNet carrying value
Finite-lived intangible assets:
Programs$1,687$(1,317)$370$1,686$(1,293)$393
Software and technology262(171)91261(165)96
Customer relationships53(29)2452(28)24
Total finite-lived intangible assets2,002(1,517)4851,999(1,486)513
Indefinite-lived intangible assets:

First 8 of 10 rows. The CSV has all of them.

Table 19 after “The estimated annual amortization expense as of April 4, 2025, was as follows:”

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Fiscal year ending (in millions)
2025 (remainder of year)$90
202698
202772
202862
202953
2030 and thereafter110
$485

Table 20 after “The financial instruments measured at fair value on a recurring basis primarily consisted of the following:”

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April 4, 2025January 3, 2025
(in millions)Carrying valueFair valueCarrying valueFair value
Financial assets:
Derivatives$3$3$4$4

Table 21 after “The fair value of the interest rate swaps was as follows:”

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(in millions)Balance sheet line itemApril 4, 2025January 3, 2025
Cash flow interest rate swapsOther current assets$3$4

Table 22 after “The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows:”

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Three Months Ended
(in millions)April 4, 2025March 29, 2024
Total interest expense, net presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded$49$49
Amount recognized in other comprehensive income—5
Amount reclassified from accumulated other comprehensive loss to interest expense, net(1)(3)

Table 23 after “Our debt consisted of the following:”

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(in millions)Stated interest rateEffective interest rateApril 4, 2025January 3, 2025
Senior unsecured term loan:
$1,000 million term loan, due March 20285.67%5.84%$975$1,000
Senior unsecured notes:
$500 million notes, due May 20253.63%3.76%—500
$750 million notes, due May 20304.38%4.50%750750
$1,000 million notes, due February 20312.30%2.38%1,0001,000
$500 million notes, due March 20325.40%5.42%500—

First 8 of 18 rows. The CSV has all of them.

Table 24 after “Future minimum payments of debt are as follows:”

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Fiscal Year Ending (in millions)
2025 (remainder of year)$90
2026120
2027114
2028705
20295
2030 and thereafter4,139
Total principal payments5,173

First 8 of 10 rows. The CSV has all of them.

Table 25 after “Changes in the components of Accumulated Other Comprehensive Income (Loss) ("AOCI") were as follows:”

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(in millions)Foreign currency translation adjustmentsUnrecognized gain (loss) on derivative instrumentsPension adjustmentsTotal AOCI
Balance at December 29, 2023$(39)$5$(14)$(48)
Other comprehensive income (loss)(64)52(57)
Taxes52(1)6
Reclassification from AOCI—(11)—(11)
Balance at January 3, 2025(98)1(13)(110)
Other comprehensive income30——30
Taxes(2)——(2)

First 8 of 10 rows. The CSV has all of them.

Table 26 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
(in millions)April 4, 2025March 29, 2024
Basic weighted average number of shares outstanding130136
Dilutive common share equivalents—stock options and other stock awards11
Diluted weighted average number of shares outstanding131137

Table 27 after “The following table summarizes business segment information for the periods presented:”

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Three Months Ended April 4, 2025
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
Revenues$1,878$1,291$568$508$4,245
Less:
Direct labor503244103109959
Amortization of intangible assets5671230
Other segment expense1,1857424213532,701
Segment operating income$185$299$37$34$555

First 8 of 10 rows. The CSV has all of them.

Table 28 after “The following table summarizes business segment information for the periods presented:”

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Three Months Ended March 29, 2024
(in millions)National Security & DigitalHealth & CivilCommercial & InternationalDefense SystemsTotal
Revenues$1,793$1,199$509$474$3,975
Less:
Direct labor479236100101916
Amortization of intangible assets6681737
Other segment expense1,1337353673352,570
Segment operating income$175$222$34$21$452

First 8 of 10 rows. The CSV has all of them.

Table 29 after “As of April 4, 2025, the future expirations of the outstanding letters of credit and surety bonds were as follows:”

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Fiscal year ending (in millions)
2025 (remainder of year)$125
202616
202742
202814
20297
2030 and thereafter2
$206

Table 30 after “The following table summarizes our condensed consolidated results of operations for the periods presented:”

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Three Months Ended
(dollars in millions)April 4, 2025March 29, 2024Percent change
Revenues$4,245$3,9756.8%
Operating income53041527.7%
Non-operating expense, net(52)(47)10.6%
Income before income taxes47836829.9%
Income tax expense(113)(85)32.9%
Net income36528329.0%

First 8 of 10 rows. The CSV has all of them.

Table 31 after “SEGMENT AND CORPORATE RESULTS”

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Three Months Ended
National Security & Digital(dollars in millions)April 4, 2025March 29, 2024Percent change
Revenues$1,878$1,7934.7%
Operating income1851755.7%
Operating margin9.9%9.8%

Table 32 after “PART I—FINANCIAL INFORMATION”

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Three Months Ended
Health & Civil(dollars in millions)April 4, 2025March 29, 2024Percent change
Revenues$1,291$1,1997.7%
Operating income29922234.7%
Operating margin23.2%18.5%

Table 33 after “The increase in revenues and operating income for the three months ended April 4, 2025, as compared to the three months ended March 29, 2024”

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Three Months Ended
Commercial & International(dollars in millions)April 4, 2025March 29, 2024Percent change
Revenues$568$50911.6%
Operating income37348.8%
Operating margin6.5%6.7%

Table 34 after “The increase in revenues and operating income for the three months ended April 4, 2025, as compared to the three months ended March 29, 2024”

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Three Months Ended
Defense Systems(dollars in millions)April 4, 2025March 29, 2024Percent change
Revenues$508$4747.2%
Operating income342161.9%
Operating margin6.7%4.4%

Table 35 after “The increase in operating income for the three months ended April 4, 2025, as compared to the three months ended March 29, 2024, was primari”

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Three Months Ended
Corporate(dollars in millions)April 4, 2025March 29, 2024Percent change
Operating loss$(25)$(37)(32.4%)

Table 36 after “The estimated value of our total backlog was as follows:”

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April 4, 2025March 29, 2024(1)
(in millions)FundedUnfundedTotalFundedUnfundedTotal
National Security & Digital$2,733$21,601$24,334$2,411$19,616$22,027
Health & Civil99110,29011,2811,9538,95610,909
Commercial & International2,2672,8475,1142,4652,0714,536
Defense Systems1,3384,2295,5671,1363,0754,211
Total$7,329$38,967$46,296$7,965$33,718$41,683

Table 37 after “The following table summarizes cash flow information for the periods presented:”

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Three Months Ended
(in millions)April 4, 2025March 29, 2024
Net cash provided by operating activities(1)$58$113
Net cash used in investing activities(22)(12)
Net cash used in financing activities(110)(228)

Table 38 after “BALANCE SHEET INFORMATION FOR THE GUARANTOR AND ISSUER OF REGISTERED NOTES”

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(in millions)April 4, 2025January 3, 2025
Total current assets$2,639$2,550
Goodwill5,6735,673
Other long-term assets1,5021,498
Total assets$9,814$9,721
Total current liabilities$2,051$2,677
Long-term debt, net of current portion5,0144,052
Intercompany payables3,5403,319

First 8 of 10 rows. The CSV has all of them.

Table 39 after “STATEMENT OF OPERATIONS INFORMATION FOR THE GUARANTOR AND ISSUER OF REGISTERED NOTES”

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Three Months Ended
(in millions)April 4, 2025
Revenues, net$2,698
Operating income235
Net income attributable to Leidos common stockholders32

Table 40 after “The following table presents information related to the repurchases of our common stock during the quarter ended April 4, 2025.”

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PeriodTotal Numberof Shares(1)(or Units)PurchasedAverage Price Paid per Share (or Unit)Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedRepurchase Plansor Programs(2)Maximum Numberof Shares (or Units)that May Yet BePurchased Under thePlans or Programs(2)
January 4, 2025 - January 31, 2025—$——7,405,410
February 1, 2025 - February 28, 20253,041,825131.503,041,8254,363,585
March 1 - March 31, 20251,222133.83—4,363,585
April 1, 2025 - April 4, 2025———4,363,585
Total3,043,047$131.503,041,825

Table 41 after “Item 6. Exhibits”

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Exhibit NumberDescription of Exhibit
4.1Officers' Certificate of Leidos, Inc., dated as of February 13, 2025. Incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed with the SEC on February 20, 2025.
4.2Form of Global Note representing Leidos, Inc.'s 5.400% Notes due 2032. Included in Exhibit 4.1 and incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed with the SEC on February 20, 2025.
4.3Form of Global Note representing Leidos, Inc.'s 5.500% Notes due 2035. Included in Exhibit 4.1 and incorporated by reference to Exhibit 4.3 to our Current Report on Form 8-K filed with the SEC on February 20, 2025.
18Letter regarding change in accounting principles.
22List of Guarantors and Subsidiary Issuers of Guaranteed Securities.
31.1Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2Certification of Executive Vice President and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

First 8 of 12 rows. The CSV has all of them.