KBR, INC.
For the period ended Oct 2, 2026. Filed Oct 29, 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 Oct 29, 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) (Unaudited)
| Nine months ended | ||
|---|---|---|
| October 2, 2026 | October 3, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $336 | $290 |
| Net (income) loss from discontinued operations, net of tax | (4) | 55 |
| Net income from continuing operations | 332 | 345 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 126 | 129 |
| Equity in earnings of unconsolidated affiliates | (167) | (163) |
| Deferred income tax | 42 | 50 |
| Other charges associated with lease right-of-use asset impairment | 19 | — |
| Other | (4) | (2) |
| Changes in operating assets and liabilities, net of acquired business: | ||
| Accounts receivable, net of allowance for credit losses | (218) | (40) |
| Contract assets | (38) | 29 |
| Accounts payable | 134 | (52) |
| Contract liabilities | 99 | (1) |
| Accrued salaries, wages and benefits | 19 | 41 |
| Payments on operating lease liabilities | (61) | (62) |
| Payments from unconsolidated affiliates, net | 10 | 10 |
| Distributions of earnings from unconsolidated affiliates | 145 | 163 |
| Other assets and liabilities | (107) | 59 |
| Total cash flows provided by operating activities - continuing operations | $331 | $506 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(36) | $(24) |
| Return of (investment in) equity method investments, net | (127) | 82 |
| Acquisition of business, net of cash acquired | — | (13) |
| Purchases of available-for-sale debt securities | (49) | — |
| Purchases of other investments | (13) | — |
| Other | 2 | 2 |
| Total cash flows provided by (used in) investing activities - continuing operations | $(223) | $47 |
| Cash flows from financing activities: | ||
| Borrowings on Revolver | $281 | $555 |
| Payments on short-term and long-term debt | (37) | (27) |
| Payments on Revolver | (301) | (505) |
| Payments to repurchase common stock | (29) | (304) |
| Payments of dividends to shareholders | (63) | (63) |
| Other | (15) | (6) |
| Total cash flows used in financing activities - continuing operations | $(164) | $(350) |
| Total operating cash flows from discontinued operations | (3) | (31) |
| Total investing cash flows from discontinued operations | — | (12) |
| Total financing cash flows from discontinued operations | — | 10 |
| Total cash flows from discontinued operations | $(3) | $(33) |
| Effect of exchange rate changes on cash | (4) | 19 |
| Increase (decrease) in cash and cash equivalents | (63) | 189 |
| Cash and cash equivalents at beginning of period | 505 | 350 |
| Cash and cash equivalents at end of period | $442 | $539 |
| Less: cash and cash equivalents at end of period for discontinued operations | 3 | — |
| Cash and cash equivalents at end of period for continuing operations | $439 | $539 |
| Supplemental disclosure of cash flows information: | ||
| Noncash financing activities | ||
| Dividends declared | $21 | $21 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.