Leidos Holdings, Inc. (LDOS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1750 PRESIDENTS STREET RESTON, VA 20190 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 943 | 777 | 516 | 727 | 524 | 668 | |||
| Cash and cash equivalent | 943 | 777 | 516 | 727 | 524 | 668 | |||
| Receivables | 2,645 | 2,429 | 2,350 | 2,189 | 2,137 | 1,734 | |||
| Inventory, net of allowances, customer advances and progress billings | 315 | 310 | 287 | 274 | 276 | ||||
| Inventory | 315 | 310 | 287 | 274 | 276 | ||||
| Other current assets | 525 | 489 | 490 | 429 | 402 | 410 | |||
| Total current assets: | 4,428 | 4,005 | 3,643 | 3,619 | 3,339 | 2,812 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 69 | 89 | 43 | 51 | 10 | 7 | |||
| Operating lease, right-of-use asset | 560 | 512 | 545 | 612 | 581 | 400 | |||
| Intangible assets, net (including goodwill) | 6,601 | 6,779 | 7,648 | 7,921 | 7,529 | 5,442 | |||
| Goodwill | 6,084 | 6,112 | 6,696 | 6,744 | 6,313 | 4,912 | |||
| Intangible assets, net (excluding goodwill) | 517 | 667 | 952 | 1,177 | 1,216 | 530 | |||
| Deferred income tax assets | |||||||||
| Other noncurrent assets | 524 | 438 | 388 | 439 | 458 | 426 | |||
| Other undisclosed noncurrent assets | 922 | 872 | 804 | 619 | 594 | 280 | |||
| Total noncurrent assets: | 8,676 | 8,690 | 9,428 | 9,642 | 9,172 | 6,555 | |||
| TOTAL ASSETS: | 13,104 | 12,695 | 13,071 | 13,261 | 12,511 | 9,367 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,225 | 2,277 | 2,254 | 2,141 | 2,175 | 1,837 | |||
| Accounts payable | 705 | 736 | 733 | 692 | 731 | 592 | |||
| Accrued liabilities | 883 | 826 | 772 | 1,053 | 939 | 822 | |||
| Other undisclosed accounts payable and accrued liabilities | 637 | 715 | 749 | 396 | 505 | 423 | |||
| Deferred revenue | 400 | ||||||||
| Debt | 618 | 18 | 992 | 483 | 100 | 61 | |||
| Other undisclosed current liabilities | 811 | 695 | 701 | 605 | 632 | 35 | |||
| Total current liabilities: | 3,654 | 2,990 | 3,947 | 3,229 | 2,907 | 2,333 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,052 | 4,664 | 3,928 | 4,593 | 4,644 | 2,925 | |||
| Finance lease, liability | 54 | 73 | 38 | 43 | 5 | 2 | |||
| Other undisclosed long-term debt and lease obligation | 3,998 | 4,591 | 3,890 | 3,961 | 4,075 | 2,597 | |||
| Liabilities, other than long-term debt, including: | 156 | 783 | 843 | 530 | 549 | 376 | |||
| Deferred revenue | 10 | 24 | 20 | 9 | |||||
| Deferred income tax liabilities | 3 | 40 | 239 | 234 | 184 | ||||
| Liability for uncertainty in income taxes | 4 | 1 | |||||||
| Other liabilities | 317 | 264 | 233 | 267 | 291 | 182 | |||
| Operating lease, liability | 621 | 516 | 570 | 589 | 564 | 326 | |||
| Other undisclosed liabilities, other than long-term debt | (792) | ||||||||
| Other undisclosed noncurrent liabilities | 782 | 565 | 540 | 316 | |||||
| Total noncurrent liabilities: | 4,990 | 5,447 | 4,771 | 5,688 | 5,733 | 3,617 | |||
| Total liabilities: | 8,644 | 8,437 | 8,718 | 8,917 | 8,640 | 5,950 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,412 | 4,201 | 4,299 | 4,291 | 3,862 | 3,413 | |||
| Additional paid in capital | 1,112 | 1,885 | 2,005 | 2,423 | 2,580 | 2,587 | |||
| Accumulated other comprehensive loss | (110) | (48) | (73) | (12) | (46) | (70) | |||
| Retained earnings | 3,410 | 2,364 | 2,367 | 1,880 | 1,328 | 896 | |||
| Equity, attributable to noncontrolling interest | 48 | 57 | 54 | 53 | 9 | 4 | |||
| Total equity: | 4,460 | 4,258 | 4,353 | 4,344 | 3,871 | 3,417 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,104 | 12,695 | 13,071 | 13,261 | 12,511 | 9,367 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,662 | 15,438 | 14,396 | 13,737 | 12,297 | 11,094 | ||
| Cost of revenue | (13,864) | (13,194) | (12,312) | (11,723) | (10,560) | (9,546) | ||
| Gross profit: | 2,798 | 2,244 | 2,084 | 2,014 | 1,737 | 1,548 | ||
| Operating expenses | (983) | (1,538) | (990) | (864) | (782) | (689) | ||
| Other undisclosed operating income (loss) | 12 | (85) | (6) | 2 | 43 | 53 | ||
| Operating income: | 1,827 | 621 | 1,088 | 1,152 | 998 | 912 | ||
| Nonoperating income (expense) | 5 | (6) | (3) | (35) | 101 | |||
| Other nonoperating income (expense) | 5 | (6) | (3) | (1) | (38) | 87 | ||
| Interest and debt expense | (4) | (4) | (1) | (185) | (182) | (147) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 1,828 | 611 | 1,084 | 967 | 781 | 866 | ||
| Other undisclosed loss from continuing operations before income taxes | (189) | (208) | (198) | |||||
| Income from continuing operations before income taxes: | 1,639 | 403 | 886 | 967 | 781 | 866 | ||
| Income tax expense | (388) | (195) | (193) | (208) | (152) | (196) | ||
| Income from continuing operations: | 1,251 | 208 | 693 | 759 | 629 | 670 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 759 | 629 | 670 | |
| Net income: | 1,251 | 208 | 693 | 759 | 629 | 670 | ||
| Net income (loss) attributable to noncontrolling interest | 3 | (9) | (8) | (6) | (1) | (3) | ||
| Net income available to common stockholders, diluted: | 1,254 | 199 | 685 | 753 | 628 | 667 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,251 | 208 | 693 | 759 | 629 | 670 | ||
| Other comprehensive income (loss) | (62) | 25 | (61) | 34 | 24 | (40) | ||
| Comprehensive income: | 1,189 | 233 | 632 | 793 | 653 | 630 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | (9) | (8) | (6) | (1) | (3) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,192 | 224 | 624 | 787 | 652 | 627 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.