KBR, INC.
For the period ended Apr 3, 2026. Filed May 5, 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.
Apr 3, 2026 · Filed May 5, 2026
KBR$38.90+0.6%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
(In millions)
| Three months ended | ||
|---|---|---|
| April 3, 2026 | April 4, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $101 | $115 |
| Net loss from discontinued operations, net of tax | 2 | 6 |
| Net income from continuing operations | 103 | 121 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 41 | 41 |
| Equity in earnings of unconsolidated affiliates | (51) | (42) |
| Deferred income tax | 12 | 13 |
| Other | (4) | (2) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net of allowance for credit losses | 44 | (71) |
| Contract assets | (52) | (5) |
| Accounts payable | (6) | (14) |
| Contract liabilities | — | (8) |
| Accrued salaries, wages and benefits | 15 | 20 |
| Payments on operating lease liabilities | (21) | (19) |
| Payments from unconsolidated affiliates, net | 5 | 4 |
| Distributions of earnings from unconsolidated affiliates | 73 | 88 |
| Other assets and liabilities | (49) | (35) |
| Total cash flows provided by operating activities - continuing operations | $110 | $91 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(12) | $(2) |
| Investment in equity method investments, net | (115) | — |
| Purchases of available-for-sale debt securities | (49) | — |
| Purchases of other investments | (13) | — |
| Other | 1 | (1) |
| Total cash flows used in investing activities - continuing operations | $(188) | $(3) |
| Cash flows from financing activities: | ||
| Borrowings on Revolver | $141 | $275 |
| Payments on short-term and long-term debt | (12) | (9) |
| Payments on Revolver | (141) | (95) |
| Payments to repurchase common stock | (4) | (156) |
| Payments of dividends to shareholders | (21) | (20) |
| Other | (6) | (1) |
| Total cash flows used in financing activities - continuing operations | $(43) | $(6) |
| Total operating cash flows from discontinued operations | (2) | 7 |
| Total investing cash flows from discontinued operations | — | (6) |
| Total cash flows from discontinued operations | $(2) | $1 |
| Effect of exchange rate changes on cash | 2 | 9 |
| Increase (decrease) in cash and cash equivalents | (121) | 92 |
| Cash and cash equivalents at beginning of period | 505 | 350 |
| Cash and cash equivalents at end of period | $384 | $442 |
| Less: cash and cash equivalents of discontinued operations | 4 | 10 |
| Cash and cash equivalents at end of period for continuing operations | $380 | $432 |
| Supplemental disclosure of cash flows information: | ||
| Noncash financing activities | ||
| Dividends declared | $21 | $22 |
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