Leidos Holdings Inc
For the period ended Mar 29, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed Apr 30, 2024
LDOS$137.24+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 29,2024 | March 31,2023 | |
| (unaudited; in millions) | ||
| Cash flows from operations: | ||
| Net income | $283 | $164 |
| Adjustments to reconcile net income to net cash provided by (used in) operations: | ||
| Depreciation and amortization | 69 | 82 |
| Stock-based compensation | 20 | 18 |
| Deferred income taxes | (25) | (43) |
| Other | (6) | 5 |
| Change in assets and liabilities: | ||
| Receivables | (281) | (166) |
| Other current assets and other long-term assets | (35) | (9) |
| Accounts payable and accrued liabilities and other long-term liabilities | (101) | (97) |
| Accrued payroll and employee benefits | 48 | 13 |
| Income taxes receivable/payable | 91 | (65) |
| Net cash provided by (used in) operating activities | 63 | (98) |
| Cash flows from investing activities: | ||
| Payments for property, equipment and software | (17) | (39) |
| Other | 5 | — |
| Net cash used in investing activities | (12) | (39) |
| Cash flows from financing activities: | ||
| Proceeds from debt issuance | — | 1,743 |
| Repayments of borrowings | (4) | (1,711) |
| Payments for debt issuance costs | — | (7) |
| Dividend payments | (53) | (50) |
| Repurchases of stock and other | (183) | (43) |
| Proceeds from issuances of stock | 13 | 12 |
| Net capital distributions to non-controlling interests | (1) | (1) |
| Net cash used in financing activities | (228) | (57) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (4) | 2 |
| Net decrease in cash, cash equivalents and restricted cash | (181) | (192) |
| Cash, cash equivalents and restricted cash at beginning of period | 928 | 683 |
| Cash, cash equivalents and restricted cash at end of period | 747 | 491 |
| Less: restricted cash at end of period | 114 | 112 |
| Cash and cash equivalents at end of period | $633 | $379 |
| Supplementary cash flow information: | ||
|---|---|---|
| Cash paid for income taxes, net of refunds | $2 | $135 |
| Cash paid for interest | 61 | 45 |
| Non-cash investing activity: | ||
| Property, plant and equipment additions | $35 | $1 |
| Non-cash financing activity: | ||
| Finance lease obligations | $— | $65 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.