Leidos Holdings, Inc.
For the period ended Oct 2, 2026. Filed Nov 3, 2026.
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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.
Oct 2, 2026 · Filed Nov 3, 2026
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
| Nine Months Ended | ||
|---|---|---|
| (unaudited; in millions) | October 2,2026 | October 3,2025 |
| Cash flows from operations: | ||
| Net income | $1,104 | $1,127 |
| Adjustments to reconcile net income to net cash provided by operations: | ||
| Depreciation and amortization | 229 | 215 |
| Stock-based compensation | 79 | 72 |
| Deferred income taxes | 13 | 288 |
| Net loss on pension plan settlement | 20 | — |
| Other | 27 | 7 |
| Change in assets and liabilities, net of effects of acquisitions and dispositions: | ||
| Receivables | (158) | (297) |
| Other current assets and other long-term assets | 58 | 26 |
| Accounts payable and accrued liabilities and other long-term liabilities | 18 | (108) |
| Accrued payroll and employee benefits | (12) | (10) |
| Income taxes receivable/payable | 239 | (65) |
| Net cash provided by operating activities | 1,617 | 1,255 |
| Cash flows from investing activities: | ||
| Acquisition of a business, net of cash acquired | (2,338) | (292) |
| Payments for property, equipment and software | (110) | (82) |
| Divestiture of a business | 4 | — |
| Net proceeds from sale of assets | 4 | — |
| Other | (5) | 2 |
| Net cash used in investing activities | (2,445) | (372) |
| Cash flows from financing activities: | ||
| Proceeds from debt issuance | 1,397 | 997 |
| Repayments of borrowings | (15) | (1,014) |
| Payments for debt issuance costs | (15) | (7) |
| Dividend payments | (162) | (156) |
| Repurchases of stock and other | (819) | (639) |
| Proceeds from issuances of stock | 47 | 47 |
| Net capital distributions to non-controlling interests | (5) | (9) |
| Other | (7) | (7) |
| Net cash provided by (used in) financing activities | 421 | (788) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — | 11 |
| 6 | Leidos Holdings, Inc. |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS [CONTINUED]
| Nine Months Ended | ||
|---|---|---|
| (unaudited; in millions) | October 2,2026 | October 3,2025 |
| Net (decrease) increase in cash, cash equivalents and restricted cash, including cash classified in current assets held for sale | (407) | 106 |
| Less: change in cash balances classified as assets held for sale | 23 | — |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (430) | 106 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,204 | 991 |
| Cash, cash equivalents and restricted cash at end of period | 774 | 1,097 |
| Less: restricted cash at end of period | 144 | 123 |
| Cash and cash equivalents at end of period | $630 | $974 |
| Supplementary cash flow information: | ||
| Cash paid for income taxes | $31 | $179 |
| Cash paid for interest | 214 | 177 |
| Non-cash investing activity: | ||
| Property, plant and equipment additions | $6 | $4 |
| Non-cash financing activity: | ||
| Finance lease obligations | $1 | $— |
| Leidos Holdings, Inc. | 7 |
|---|
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