Leidos Holdings Inc
For the period ended Sep 27, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
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.
Sep 27, 2024 · Filed Oct 29, 2024
LDOS$137.24+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 27,2024 | September 29,2023 | |
| (unaudited; in millions) | ||
| Cash flows from operations: | ||
| Net income (loss) | $969 | $(22) |
| Adjustments to reconcile net income (loss) to net cash provided by operations: | ||
| Depreciation and amortization | 211 | 248 |
| Stock-based compensation | 59 | 57 |
| Deferred income taxes | (96) | (192) |
| Goodwill impairment charges | — | 599 |
| Asset impairment charges | 6 | 88 |
| Other | 5 | 25 |
| Change in assets and liabilities, net of effects of acquisitions: | ||
| Receivables | (260) | (109) |
| Other current assets and other long-term assets | 102 | 141 |
| Accounts payable and accrued liabilities and other long-term liabilities | (149) | 22 |
| Accrued payroll and employee benefits | 208 | 105 |
| Income taxes receivable/payable | 38 | (101) |
| Net cash provided by operating activities | 1,093 | 861 |
| Cash flows from investing activities: | ||
| Acquisition of a business, net of cash acquired | — | (6) |
| Payments for property, equipment and software | (63) | (129) |
| Net proceeds from sale of assets | 2 | — |
| Other | 5 | — |
| Net cash used in investing activities | (56) | (135) |
| Cash flows from financing activities: | ||
| Proceeds from debt issuance | — | 1,743 |
| Repayments of borrowings | (14) | (2,041) |
| Payments for debt issuance costs | — | (7) |
| Dividend payments | (155) | (150) |
| Repurchases of stock and other | (500) | (44) |
| Proceeds from issuances of stock | 28 | 37 |
| Net capital distributions to non-controlling interests | (3) | (8) |
| Net cash used in financing activities | (644) | (470) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 5 | — |
| Net increase in cash, cash equivalents and restricted cash | 398 | 256 |
| Cash, cash equivalents and restricted cash at beginning of period | 928 | 683 |
| Cash, cash equivalents and restricted cash at end of period | 1,326 | 939 |
| Less: restricted cash at end of period | 141 | 189 |
| Cash and cash equivalents at end of period | $1,185 | $750 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]
| Nine Months Ended | ||
|---|---|---|
| September 27,2024 | September 29,2023 | |
| (unaudited; in millions) | ||
| Supplementary cash flow information: | ||
| Cash paid for income taxes, net of refunds | $276 | $325 |
| Cash paid for interest | 167 | 160 |
| Non-cash investing activity: | ||
| Property, plant and equipment additions | $72 | $2 |
| 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.