Leidos Holdings, Inc. (LDOS) Financial Statements (2024 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)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments516727524668327390
Cash and cash equivalents516727524668327390
Receivables2,3502,1892,1371,7341,8771,831
Inventory, net of allowances, customer advances and progress billings287274276  76
Inventory287274276  76
Disposal group, including discontinued operation     92 
Other current assets490429402410543 
Other undisclosed current assets      377
Total current assets:3,6433,6193,3392,8122,8392,674
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4351107✕✕
Operating lease, right-of-use asset545612581400✕✕
Property, plant and equipment     237232
Intangible assets, net (including goodwill)7,6487,9217,5295,4425,5125,830
Goodwill6,6966,7446,3134,9124,8604,974
Intangible assets, net (excluding goodwill)9521,1771,216530652856
Other noncurrent assets388439458426182254
Other undisclosed noncurrent assets804619594280  
Total noncurrent assets:9,4289,6429,1726,5555,9316,316
TOTAL ASSETS:13,07113,26112,5119,3678,7708,990
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2542,1412,1751,8371,4761,639
Interest and dividends payable✕✕    17
Taxes payable✕✕    4
Employee-related liabilities✕✕    487
Accounts payable733692731592547557
Accrued liabilities7721,053939822650747
Other undisclosed accounts payable and accrued liabilities749396505423279(173)
Deferred revenue    400✕✕
Debt992483100617255
Provision for loss on contracts      19
Disposal group, including discontinued operation     23 
Contract with customer, liability✕✕✕✕✕276✕
Other undisclosed current liabilities70160563235212489
Total current liabilities:3,9473,2292,9072,3332,0592,202
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9284,5934,6442,9253,0523,056
Finance lease, liability384352✕✕
Other undisclosed long-term debt and lease obligation3,8903,9614,0752,5973,0523,056
Liabilities, other than long-term debt843530549376348349
Deferred revenue  24209✕✕
Deferred tax liabilities, net✕✕✕✕✕170220
Deferred income tax liabilities40239234184✕✕
Liability for uncertainty in income taxes   41  
Other liabilities233267291182178129
Operating lease, liability570589564326✕✕
Other undisclosed noncurrent liabilities  565540316  
Total noncurrent liabilities:4,7715,6885,7333,6173,4003,405
Total liabilities:8,7188,9178,6405,9505,4595,607
Equity
Equity, attributable to parent4,2994,2913,8623,4133,3083,370
Additional paid in capital2,0052,4232,5802,5872,9663,344
Accumulated other comprehensive income (loss)(73)(12)(46)(70)(30)33
Retained earnings (accumulated deficit)2,3671,8801,328896372(7)
Equity, attributable to noncontrolling interest545394313
Total equity:4,3534,3443,8713,4173,3113,383
TOTAL LIABILITIES AND EQUITY:13,07113,26112,5119,3678,7708,990

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues14,39613,73712,29711,09410,19410,170
Cost of revenue(12,312)(11,723)(10,560)(9,546)(8,690)(8,923)
Gross profit:2,0842,0141,7371,5481,5041,247
Operating expenses(990)(864)(782)(689)(736)(562)
Other undisclosed operating income (loss)(6)24353(19)(126)
Operating income:1,0881,152998912749559
Nonoperating income (expense)(3) (35)1016(26)
Investment income, nonoperating  13147 
Other nonoperating income (expense)(3)(1)(38)87(1)(26)
Interest and debt expense(1)(185)(182)(147)(145)(148)
Income from continuing operations before equity method investments, income taxes:1,084967781866610385
Other undisclosed income (loss) from continuing operations before income taxes(198)    8
Income from continuing operations before income taxes:886967781866610393
Income tax expense(193)(208)(152)(196)(28)(29)
Income from continuing operations:693759629670582364
Income before gain (loss) on sale of properties:✕✕759629670582364
Net income:693759629670582364
Net income (loss) attributable to noncontrolling interest(8)(6)(1)(3)(1)2
Net income available to common stockholders, diluted:685753628667581366

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:693759629670582364
Other comprehensive income (loss)(61)3424(40)(72)37
Comprehensive income:632793653630510401
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(6)(1)(3)(1)2
Comprehensive income, net of tax, attributable to parent:624787652627509403

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.

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