Leidos Holdings Inc. (LDOS) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments777516727524668327
Cash and cash equivalents777516727524668327
Receivables2,4292,3502,1892,1371,7341,877
Inventory, net of allowances, customer advances and progress billings310287274276  
Inventory310287274276  
Disposal group, including discontinued operation      92
Other current assets489490429402410543
Total current assets:4,0053,6433,6193,3392,8122,839
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 894351107
Operating lease, right-of-use asset512545612581400
Property, plant and equipment      237
Intangible assets, net (including goodwill)6,7797,6487,9217,5295,4425,512
Goodwill6,1126,6966,7446,3134,9124,860
Intangible assets, net (excluding goodwill)6679521,1771,216530652
Other noncurrent assets438388439458426182
Other undisclosed noncurrent assets872804619594280 
Total noncurrent assets:8,6909,4289,6429,1726,5555,931
TOTAL ASSETS:12,69513,07113,26112,5119,3678,770
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2772,2542,1412,1751,8371,476
Accounts payable 736733692731592547
Accrued liabilities8267721,053939822650
Other undisclosed accounts payable and accrued liabilities715749396505423279
Deferred revenue    400
Debt189924831006172
Disposal group, including discontinued operation      23
Contract with customer, liability276
Other undisclosed current liabilities69570160563235212
Total current liabilities:2,9903,9473,2292,9072,3332,059
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6643,9284,5934,6442,9253,052
Finance lease, liability 73384352
Other undisclosed long-term debt and lease obligation4,5913,8903,9614,0752,5973,052
Liabilities, other than long-term debt783843530549376348
Deferred revenue   24209
Deferred tax liabilities, net170
Deferred income tax liabilities 340239234184
Liability for uncertainty in income taxes    41 
Other liabilities264233267291182178
Operating lease, liability516570589564326
Other undisclosed noncurrent liabilities   565540316 
Total noncurrent liabilities:5,4474,7715,6885,7333,6173,400
Total liabilities:8,4378,7188,9178,6405,9505,459
Equity
Equity, attributable to parent4,2014,2994,2913,8623,4133,308
Additional paid in capital1,8852,0052,4232,5802,5872,966
Accumulated other comprehensive loss(48)(73)(12)(46)(70)(30)
Retained earnings2,3642,3671,8801,328896372
Equity, attributable to noncontrolling interest575453943
Total equity:4,2584,3534,3443,8713,4173,311
TOTAL LIABILITIES AND EQUITY:12,69513,07113,26112,5119,3678,770

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues15,43814,39613,73712,29711,09410,194
Cost of revenue(13,194)(12,312)(11,723)(10,560)(9,546)(8,690)
Gross profit:2,2442,0842,0141,7371,5481,504
Operating expenses(1,538)(990)(864)(782)(689)(736)
Other undisclosed operating income (loss)(85)(6)24353(19)
Operating income:6211,0881,152998912749
Nonoperating income (expense)(6)(3) (35)1016
Investment income, nonoperating   13147
Other nonoperating income (expense)(6)(3)(1)(38)87(1)
Interest and debt expense (4)(1)(185)(182)(147)(145)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:6111,084967781866610
Other undisclosed loss from continuing operations before income taxes(208)(198)    
Income from continuing operations before income taxes:403886967781866610
Income tax expense(195)(193)(208)(152)(196)(28)
Income from continuing operations:208693759629670582
Income before gain (loss) on sale of properties:759629670582
Net income:208693759629670582
Net loss attributable to noncontrolling interest (9)(8)(6)(1)(3)(1)
Net income available to common stockholders, diluted:199685753628667581

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:208693759629670582
Other comprehensive income (loss)25(61)3424(40)(72)
Comprehensive income:233632793653630510
Comprehensive loss, net of tax, attributable to noncontrolling interest (9)(8)(6)(1)(3)(1)
Comprehensive income, net of tax, attributable to parent:224624787652627509

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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