$LDOS
Leidos Holdings, Inc.

2016 Q2 Form 10-Q Financial Statement

#000133692016000088 Filed on April 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.312B $1.246B
YoY Change 5.3% -5.03%
Cost Of Revenue $1.154B $1.093B
YoY Change 5.58% -4.21%
Gross Profit $158.0M $153.0M
YoY Change 3.27% -10.53%
Gross Profit Margin 12.04% 12.28%
Selling, General & Admin $60.00M $75.00M
YoY Change -20.0% -10.71%
% of Gross Profit 37.97% 49.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.000M $12.00M
YoY Change -33.33% -33.33%
% of Gross Profit 5.06% 7.84%
Operating Expenses $60.00M $75.00M
YoY Change -20.0% -10.71%
Operating Profit $89.00M $38.00M
YoY Change 134.21% -56.32%
Interest Expense $14.00M -$14.00M
YoY Change -200.0% -170.0%
% of Operating Profit 15.73% -36.84%
Other Income/Expense, Net $0.00 -$1.000M
YoY Change -100.0% -150.0%
Pretax Income $78.00M $23.00M
YoY Change 239.13% -66.67%
Income Tax $25.00M $0.00
% Of Pretax Income 32.05% 0.0%
Net Earnings $53.00M $41.00M
YoY Change 29.27% 10.81%
Net Earnings / Revenue 4.04% 3.29%
Basic Earnings Per Share $0.74 $0.32
Diluted Earnings Per Share $0.72 $0.31
COMMON SHARES
Basic Shares Outstanding 72.00M shares 73.00M shares
Diluted Shares Outstanding 74.00M shares 75.00M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $609.0M $377.0M
YoY Change 61.54% 106.01%
Cash & Equivalents $609.0M $377.0M
Short-Term Investments
Other Short-Term Assets $95.00M $0.00
YoY Change -100.0%
Inventory $225.0M $297.0M
Prepaid Expenses
Receivables $874.0M $977.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.803B $1.651B
YoY Change 9.21% 5.09%
LONG-TERM ASSETS
Property, Plant & Equipment $136.0M $308.0M
YoY Change -55.84% -35.83%
Goodwill $1.207B
YoY Change -29.17%
Intangibles $35.00M
YoY Change -60.23%
Long-Term Investments
YoY Change
Other Assets $214.0M $95.00M
YoY Change 125.26% -15.18%
Total Long-Term Assets $1.588B $1.658B
YoY Change -4.22% -30.86%
TOTAL ASSETS
Total Short-Term Assets $1.803B $1.651B
Total Long-Term Assets $1.588B $1.658B
Total Assets $3.391B $3.309B
YoY Change 2.48% -16.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $707.0M $745.0M
YoY Change -5.1% 0.68%
Accrued Expenses $216.0M $237.0M
YoY Change -8.86% -6.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $2.000M
YoY Change 0.0% -33.33%
Total Short-Term Liabilities $1.005B $987.0M
YoY Change 1.82% -1.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.089B $1.156B
YoY Change -5.8% -13.08%
Other Long-Term Liabilities $195.0M $166.0M
YoY Change 17.47% -27.83%
Total Long-Term Liabilities $195.0M $1.322B
YoY Change -85.25% -15.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.005B $987.0M
Total Long-Term Liabilities $195.0M $1.322B
Total Liabilities $1.200B $2.309B
YoY Change -48.03% -9.95%
SHAREHOLDERS EQUITY
Retained Earnings -$251.0M -$419.0M
YoY Change -40.1%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.102B $1.000B
YoY Change
Total Liabilities & Shareholders Equity $3.391B $3.309B
YoY Change 2.48% -16.63%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $53.00M $41.00M
YoY Change 29.27% 10.81%
Depreciation, Depletion And Amortization $8.000M $12.00M
YoY Change -33.33% -33.33%
Cash From Operating Activities -$14.00M -$29.00M
YoY Change -51.72% 625.0%
INVESTING ACTIVITIES
Capital Expenditures $4.000M $3.000M
YoY Change 33.33% -70.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.000M
YoY Change -100.0%
Cash From Investing Activities -$2.000M $4.000M
YoY Change -150.0% -140.0%
FINANCING ACTIVITIES
Cash Dividend Paid $23.00M $24.00M
YoY Change -4.17% 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.00M -57.00M
YoY Change -45.61% -75.54%
NET CHANGE
Cash From Operating Activities -14.00M -29.00M
Cash From Investing Activities -2.000M 4.000M
Cash From Financing Activities -31.00M -57.00M
Net Change In Cash -47.00M -82.00M
YoY Change -42.68% -66.8%
FREE CASH FLOW
Cash From Operating Activities -$14.00M -$29.00M
Capital Expenditures $4.000M $3.000M
Free Cash Flow -$18.00M -$32.00M
YoY Change -43.75% 128.57%

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CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1000000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
183000000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
195000000 USD
CY2015Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1000000 USD
CY2016Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2015Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2016Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2015Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
6000000 USD
CY2016Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
9000000 USD
CY2015Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
24000000 USD
CY2016Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
23000000 USD
CY2015Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3000000 USD
CY2016Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4000000 USD
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
216000000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
225000000 USD
CY2015Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1000000 USD
CY2016Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2000000 USD
CY2015Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1000000 USD
CY2016Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
4000000 USD
CY2015Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2016Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3000000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
142000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
136000000 USD
CY2016Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
921000000 USD
CY2016Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
874000000 USD
CY2015Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
29000000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-277000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-251000000 USD
CY2015Q2 us-gaap Revenues
Revenues
1246000000 USD
CY2016Q2 us-gaap Revenues
Revenues
1312000000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
75000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
60000000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6000000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
8000000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
1068000000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1102000000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72000000 shares

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