2016 Q1 Form 10-K Financial Statement

#000156459016015504 Filed on March 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1 2015
Revenue $1.071B $952.0M $3.885B
YoY Change 12.5% 1.17% -5.73%
Cost Of Revenue $965.0M $866.0M $3.550B
YoY Change 11.43% 0.58% -6.28%
Gross Profit $106.0M $86.00M $335.0M
YoY Change 23.26% 7.5% 0.6%
Gross Profit Margin 9.9% 9.03% 8.62%
Selling, General & Admin $42.00M $27.00M $95.00M
YoY Change 55.56% 17.39% 3.26%
% of Gross Profit 39.62% 31.4% 28.36%
Research & Development $5.000M
YoY Change 25.0%
% of Gross Profit 1.49%
Depreciation & Amortization $20.00M $5.000M $19.00M
YoY Change 300.0% 66.67% 72.73%
% of Gross Profit 18.87% 5.81% 5.67%
Operating Expenses $42.00M $27.00M $100.0M
YoY Change 55.56% 17.39% 4.17%
Operating Profit $54.00M $59.00M $240.0M
YoY Change -8.47% 5.36% 31.15%
Interest Expense -$13.00M -$4.000M $17.00M
YoY Change 225.0% 0.0% 142.86%
% of Operating Profit -24.07% -6.78% 7.08%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $41.00M $55.00M $223.0M
YoY Change -25.45% 5.77% 26.7%
Income Tax $13.00M $19.00M $82.00M
% Of Pretax Income 31.71% 34.55% 36.77%
Net Earnings $28.00M $36.00M $141.0M
YoY Change -22.22% 9.09% 24.78%
Net Earnings / Revenue 2.61% 3.78% 3.63%
Basic Earnings Per Share $0.61 $0.78 $3.01
Diluted Earnings Per Share $0.60 $0.75 $2.91
COMMON SHARES
Basic Shares Outstanding 44.78M 46.90M
Diluted Shares Outstanding 48.50M

Balance Sheet

Concept 2016 Q1 2015 Q1 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $195.0M $301.0M $301.0M
YoY Change -35.22% 18.5% 18.5%
Cash & Equivalents $195.0M $301.0M $301.0M
Short-Term Investments
Other Short-Term Assets $33.00M $10.00M $97.00M
YoY Change 230.0% 25.0% -18.49%
Inventory $68.00M $67.00M
Prepaid Expenses $21.00M $20.00M
Receivables $635.0M $544.0M $544.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $952.0M $942.0M $942.0M
YoY Change 1.06% -5.23% -5.23%
LONG-TERM ASSETS
Property, Plant & Equipment $71.00M $59.00M $59.00M
YoY Change 20.34% -1.67% -1.67%
Goodwill $860.0M $379.0M
YoY Change 126.91% 0.0%
Intangibles $224.0M $2.000M
YoY Change 11100.0% -50.0%
Long-Term Investments
YoY Change
Other Assets $15.00M $7.000M $7.000M
YoY Change 114.29% -50.0% -50.0%
Total Long-Term Assets $1.170B $447.0M $447.0M
YoY Change 161.74% -1.32% -1.32%
TOTAL ASSETS
Total Short-Term Assets $952.0M $942.0M $942.0M
Total Long-Term Assets $1.170B $447.0M $447.0M
Total Assets $2.122B $1.389B $1.389B
YoY Change 52.77% -4.01% -4.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $351.0M $315.0M $315.0M
YoY Change 11.43% -6.53% -6.53%
Accrued Expenses $280.0M $205.0M $205.0M
YoY Change 36.59% 3.02% 3.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $57.00M $32.00M $32.00M
YoY Change 78.13% 146.15% 146.15%
Total Short-Term Liabilities $688.0M $552.0M $552.0M
YoY Change 24.64% -2.13% -2.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.013B $454.0M $454.0M
YoY Change 123.13% -7.16% -7.16%
Other Long-Term Liabilities $33.00M $19.00M $19.00M
YoY Change 73.68% 11.76% 11.76%
Total Long-Term Liabilities $1.046B $473.0M $473.0M
YoY Change 121.14% -6.52% -6.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $688.0M $552.0M $552.0M
Total Long-Term Liabilities $1.046B $473.0M $473.0M
Total Liabilities $1.734B $1.025B $1.044B
YoY Change 69.17% -4.21% -2.43%
SHAREHOLDERS EQUITY
Retained Earnings $174.0M $116.0M
YoY Change 50.0% 286.67%
Common Stock $215.0M $234.0M
YoY Change -8.12% -32.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $380.0M $345.0M $345.0M
YoY Change
Total Liabilities & Shareholders Equity $2.122B $1.389B $1.389B
YoY Change 52.77% -4.01% -4.01%

Cashflow Statement

Concept 2016 Q1 2015 Q1 2015
OPERATING ACTIVITIES
Net Income $28.00M $36.00M $141.0M
YoY Change -22.22% 9.09% 24.78%
Depreciation, Depletion And Amortization $20.00M $5.000M $19.00M
YoY Change 300.0% 66.67% 72.73%
Cash From Operating Activities $108.0M $96.00M $277.0M
YoY Change 12.5% -23.2% 51.37%
INVESTING ACTIVITIES
Capital Expenditures -$9.000M -$7.000M $22.00M
YoY Change 28.57% 16.67% 37.5%
Acquisitions $0.00
YoY Change
Other Investing Activities $16.00M
YoY Change
Cash From Investing Activities $7.000M -$7.000M -$22.00M
YoY Change -200.0% 16.67% 37.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $146.0M
YoY Change 1116.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -90.00M -42.00M -208.0M
YoY Change 114.29% 90.91% -341.86%
NET CHANGE
Cash From Operating Activities 108.0M 96.00M 277.0M
Cash From Investing Activities 7.000M -7.000M -22.00M
Cash From Financing Activities -90.00M -42.00M -208.0M
Net Change In Cash 25.00M 47.00M 47.00M
YoY Change -46.81% -51.55% -81.42%
FREE CASH FLOW
Cash From Operating Activities $108.0M $96.00M $277.0M
Capital Expenditures -$9.000M -$7.000M $22.00M
Free Cash Flow $117.0M $103.0M $255.0M
YoY Change 13.59% -21.37% 52.69%

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CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
55000000
CY2015 us-gaap Payments Of Dividends Common Stock
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CY2014 us-gaap Payments Of Dividends Common Stock
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27000000
CY2016 us-gaap Repayments Of Debt
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72000000
CY2015 us-gaap Repayments Of Debt
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13000000
CY2014 us-gaap Repayments Of Debt
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CY2016 us-gaap Proceeds From Issuance Of Common Stock
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CY2015 us-gaap Proceeds From Issuance Of Common Stock
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CY2014 us-gaap Proceeds From Issuance Of Common Stock
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CY2016 us-gaap Payments For Repurchase Of Common Stock
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CY2015 us-gaap Payments For Repurchase Of Common Stock
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CY2014 us-gaap Payments For Repurchase Of Common Stock
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CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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10000000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2016 us-gaap Proceeds From Issuance Of Debt
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670000000
CY2014 us-gaap Proceeds From Issuance Of Debt
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500000000
CY2016 saic Disbursements For Obligations Assumed From Acquisition
DisbursementsForObligationsAssumedFromAcquisition
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CY2014 saic Transfer To Parent
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CY2014 saic Proceeds From Contributions From Former Parent
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CY2016 us-gaap Payments Of Debt Issuance Costs
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CY2014 us-gaap Payments Of Debt Issuance Costs
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
466000000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
86000000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
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47000000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
253000000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
254000000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2016 us-gaap Interest Paid
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CY2015 us-gaap Interest Paid
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CY2014 us-gaap Interest Paid
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CY2016 us-gaap Income Taxes Paid
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CY2015 us-gaap Income Taxes Paid
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CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
29000000
CY2014 saic Net Transfers Of Property Plant And Equipment To From Parent
NetTransfersOfPropertyPlantAndEquipmentToFromParent
22000000
CY2016 saic Increase Decrease In Accrued Stock Repurchases
IncreaseDecreaseInAccruedStockRepurchases
2000000
CY2015 saic Increase Decrease In Accrued Stock Repurchases
IncreaseDecreaseInAccruedStockRepurchases
-1000000
CY2014 saic Increase Decrease In Accrued Stock Repurchases
IncreaseDecreaseInAccruedStockRepurchases
1000000
CY2016 saic Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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CY2015 saic Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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CY2014 saic Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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4000000
CY2016 saic Non Cash Investing And Financing Increase In Accrued Cash Dividend Equivalents
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1000000
CY2016 saic Increase Decrease In Income From Change In Contract Estimates Net Of Tax
IncreaseDecreaseInIncomeFromChangeInContractEstimatesNetOfTax
8000000
CY2015 saic Increase Decrease In Income From Change In Contract Estimates Net Of Tax
IncreaseDecreaseInIncomeFromChangeInContractEstimatesNetOfTax
7000000
CY2014 saic Increase Decrease In Income From Change In Contract Estimates Net Of Tax
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CY2016 saic Increase Decrease In Income From Change In Contract Estimates Per Basic Share
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0.17
CY2015 saic Increase Decrease In Income From Change In Contract Estimates Per Basic Share
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0.15
CY2014 saic Increase Decrease In Income From Change In Contract Estimates Per Basic Share
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-0.05
CY2016 saic Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.17
CY2015 saic Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
0.14
CY2016 us-gaap Comparability Of Prior Year Financial Data
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<div> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Prior to the separation, the Company&#8217;s financial position, results of operations and cash flows consisted of the technical, engineering and enterprise IT services business of former Parent, which represented a combined reporting entity. Consequently, the Company&#8217;s consolidated and combined statements of income and comprehensive income and cash flows for fiscal 2014 consist both of the combined results of the technical, engineering and enterprise IT services businesses of former Parent through the Distribution Date and the Company&#8217;s consolidated results subsequent to the Distribution Date. On and prior to September&#160;27, 2013, the consolidated and combined financial statements were prepared from separate records maintained by former Parent and may not necessarily be indicative of the conditions that would have existed or the results of operations of the Company had it been operated as an independent entity.</p></div>
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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300000
CY2016 us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;color:#2B4C9B;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. Significant estimates inherent in the preparation of the financial statements may include, but are not limited to: estimated profitability of long-term contracts, income taxes, fair value measurements, fair value of goodwill and other intangible assets, and contingencies.&nbsp;&nbsp;Estimates have been prepared by management on the basis of the most current and best available information at the time of estimation and actual results could differ from those estimates.</p></div>
CY2016 us-gaap Fiscal Period
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<div> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;color:#2B4C9B;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Reporting Periods</p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company utilizes a 52/53 week fiscal year ending on the Friday closest to January&#160;31, with fiscal quarters typically consisting of 13 weeks. Fiscal 2014 began on February 1, 2013 and ended on January 31, 2014. Fiscal 2015 began on February 1, 2014 and ended on January 30, 2015. Fiscal 2016 began on January 31, 2015 and ended on January 29, 2016.</p></div>
CY2014 saic Increase Decrease In Income From Change In Contract Estimates Per Diluted Share
IncreaseDecreaseInIncomeFromChangeInContractEstimatesPerDilutedShare
-0.05
CY2016 saic Percentage Of Benefit Likely Of Being Realized Upon Ultimate Settlement
PercentageOfBenefitLikelyOfBeingRealizedUponUltimateSettlement
0.50
CY2016 saic Expected Period For Revenues To Be Billed And Collected On Uncompleted Contracts
ExpectedPeriodForRevenuesToBeBilledAndCollectedOnUncompletedContracts
P1Y
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016 us-gaap Operating Cycle
OperatingCycle
greater than one year
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4000000
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5000000
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4000000
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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48600000
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49700000
CY2016 us-gaap Number Of Reportable Segments
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1
CY2016 saic Increase In Income From Change In Contract Estimates
IncreaseInIncomeFromChangeInContractEstimates
29000000
CY2015 saic Increase In Income From Change In Contract Estimates
IncreaseInIncomeFromChangeInContractEstimates
23000000
CY2014 saic Increase In Income From Change In Contract Estimates
IncreaseInIncomeFromChangeInContractEstimates
22000000
CY2016 saic Decrease In Income From Change In Contract Estimates
DecreaseInIncomeFromChangeInContractEstimates
16000000
CY2015 saic Decrease In Income From Change In Contract Estimates
DecreaseInIncomeFromChangeInContractEstimates
12000000
CY2014 saic Decrease In Income From Change In Contract Estimates
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26000000
CY2016 saic Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
13000000
CY2015 saic Increase Decrease In Income From Change In Contract Estimates
IncreaseDecreaseInIncomeFromChangeInContractEstimates
11000000
CY2014 saic Increase Decrease In Income From Change In Contract Estimates
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-4000000
CY2016 saic Change In Contract Estimates Income Tax Effect
ChangeInContractEstimatesIncomeTaxEffect
5000000
CY2015 saic Change In Contract Estimates Income Tax Effect
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4000000
CY2014 saic Change In Contract Estimates Income Tax Effect
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-1000000
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1100000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45800000
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46900000
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1600000
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1600000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47400000
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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48500000
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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300000
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1300000
CY2016 us-gaap Goodwill Period Increase Decrease
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481000000
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016Q1 us-gaap Finite Lived Intangible Assets Gross
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247000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
224000000
CY2015Q1 us-gaap Finite Lived Intangible Assets Gross
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35000000
CY2015Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33000000
CY2015Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2000000
CY2016Q1 saic Intangible Assets Fully Amortized
IntangibleAssetsFullyAmortized
43000000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33000000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
26000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
20000000
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
118000000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
183000000
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
165000000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
112000000
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
106000000
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26000000
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19000000
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11000000
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2700000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
300000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
200000
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2300000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
800000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2300000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.14
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
52.18
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
34.46
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.12
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.75
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
32.02
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
34.59
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M18D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y4M24D
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
44000000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
21000000
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8000000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
21000000
CY2016 saic Stock Cancelled To Cover Price Of Options Exercises
StockCancelledToCoverPriceOfOptionsExercises
3000000
CY2015 saic Stock Cancelled To Cover Price Of Options Exercises
StockCancelledToCoverPriceOfOptionsExercises
2000000
CY2014 saic Stock Cancelled To Cover Price Of Options Exercises
StockCancelledToCoverPriceOfOptionsExercises
1000000
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
3000000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1000000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10000000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7000000
CY2016Q1 saic Participants Maximum Percentage Of Eligible Salary Defer
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0.20
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
51000000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
66000000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
40000000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12000000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12000000
CY2014 us-gaap Current State And Local Tax Expense Benefit
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5000000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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5000000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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4000000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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13000000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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5000000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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64000000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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78000000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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62000000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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6000000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8000000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7000000
CY2016 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
4000000
CY2015 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
1000000
CY2014 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
1000000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2000000
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
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2000000
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1000000
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3000000
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2000000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2000000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.360
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.368
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.358
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
26000000
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
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