Leidos Holdings Inc
For the period ended Mar 29, 2024. Filed Apr 30, 2024.
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Mar 29, 2024 · Filed Apr 30, 2024
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Guarantor and Issuer of Guaranteed Securities
Leidos Holdings, Inc. (“Guarantor”) has fully and unconditionally guaranteed the debt securities of its subsidiary, Leidos, Inc. (“Issuer”), that were issued pursuant to transactions that were registered under the Securities Act of 1933, as amended (collectively, the “Registered Notes”). The following is a list of the Registered Notes guaranteed by Leidos Holdings, Inc.
Senior unsecured Registered Notes:
$500 million 3.625% notes, due May 2025
$750 million 4.375% notes, due May 2030
$1,000 million 2.300% notes, due February 2031
$750 million 5.750% notes, due March 2033
Leidos Holdings, Inc. has also fully and unconditionally guaranteed debt securities of Leidos, Inc. that were issued pursuant to transactions that were not registered under the Securities Act of 1933, as amended. The following is a list of unregistered debt securities guaranteed by Leidos Holdings, Inc.
Senior unsecured unregistered debt securities issued by Leidos, Inc.:
$250 million 7.125% notes, due July 2032
$300 million 5.500% notes, due July 2033
Additionally, Leidos, Inc. has fully and unconditionally guaranteed debt securities of Leidos Holding, Inc. that were issued pursuant to transactions that were not registered under the Securities Act of 1933, as amended. The following is a list of unregistered debt securities guaranteed by Leidos, Inc.
Senior unsecured unregistered debt securities issued by Leidos Holdings, Inc.:
$300 million 5.950% notes, due December 2040
The following summarized financial information includes the assets, liabilities and results of operations for the Guarantor and Issuer of the Registered Notes described above. Intercompany balances and transactions between the Issuer and Guarantor have been eliminated from the financial information below. Investments in the consolidated subsidiaries of the Issuer and Guarantor that do not guarantee the senior unsecured notes have been excluded from the financial information. Intercompany payables represent amounts due to non-guarantor subsidiaries of the Issuer.
Balance Sheet Information for the Guarantor and Issuer of Registered Notes
| March 29,2024 | December 29,2023 | |
|---|---|---|
| (in millions) | ||
| Total current assets | $2,451 | $2,464 |
| Goodwill | 5,673 | 5,517 |
| Other long-term assets | 1,289 | 1,241 |
| Total assets | $9,413 | $9,222 |
| Total current liabilities | $2,125 | $1,983 |
| Long-term debt, net of current portion | 4,636 | 4,663 |
| Intercompany payables | 2,518 | 2,523 |
| Other long-term liabilities | 611 | 599 |
| Total liabilities | $9,890 | $9,768 |
Statement of Operations Information for the Guarantor and Issuer of Registered Notes
| Three Months Ended | |
|---|---|
| (in millions) | |
| Revenues, net | $2,581 |
| Operating income | 202 |
| Net income attributable to Leidos common stockholders | 43 |
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