Leidos Holdings, Inc. (LDOS) financial statements (2020 and earlier)

Company profile

Business Address 11951 FREEDOM DRIVE
RESTON, VA 20190
State of Incorp.
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
1/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments668327390376443430736
Cash and cash equivalents668327390376443430736
Restricted cash and investments    30  
Receivables1,7341,8771,8311,6578961,0881,889
Inventory, net of allowances, customer advances and progress billings  76677059192
Inventory  76677059192
Prepaid expense    2834✕
Disposal group, including discontinued operation 92  620 
Prepaid expense and other current assets✕✕✕✕✕✕505
Assets held-for-sale✕✕✕✕✕ 30
Deferred tax assets✕   128918
Other current assets410543  273256✕
Other undisclosed current assets  377281(140)(182)(291)
Total current assets:2,8122,8392,6742,3811,6181,7943,079
Noncurrent Assets
Finance lease, right-of-use asset7✕✕✕✕✕✕
Operating lease, right-of-use asset400✕✕✕✕✕✕
Property, plant and equipment 237232259308483318
Long-term investments and receivables      104
Accounts and financing receivable, after allowance for credit loss      104
Intangible assets, net (including goodwill)5,4425,5125,8306,2111,2441,7982,385
Goodwill4,9124,8604,9744,6221,2071,7042,195
Intangible assets, net (excluding goodwill)5306528561,5893794190
Other noncurrent assets4261822542659772✕
Prepaid expense and other noncurrent assets✕✕✕✕✕✕79
Deferred tax assets, net✕     (11)
Other undisclosed noncurrent assets280  161415(79)
Total noncurrent assets:6,5555,9316,3166,7511,6632,3682,796
TOTAL ASSETS:9,3678,7708,9909,1323,2814,1625,875
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8371,4761,6391,4276757161,249
Accounts payable592547557591244218435
Accrued liabilities822650747493327395682
Employee-related liabilities  487 264286542
Taxes payable  4    
Interest and dividends payable  17    
Other undisclosed accounts payable and accrued liabilities423279(173)343(160)(183)(410)
Deferred revenue400✕✕✕✕✕✕
Debt61725562222
Provision for loss on contracts  19    
Disposal group, including discontinued operation 23  105 
Contract with customer, liability✕276✕✕✕✕✕
Other undisclosed current liabilities35212489527264286542
Total current liabilities:2,3332,0592,2022,0169511,0091,793
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9253,0523,0563,2251,1641,3311,296
Long-term debt, excluding current maturities     1,3311,296
Finance lease, liability2✕✕✕✕✕✕
Operating lease, liability326✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation2,5973,0523,0563,2251,164  
Liabilities, other than long-term debt376348349744242352269
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕98
Deferred revenue9✕✕✕✕✕✕
Deferred compensation liability, classified    393844
Deferred tax liabilities, net✕170220540216625
Deferred income tax liabilities184✕✕✕✕✕✕
Liability for uncertainty in income taxes1   61224
Liability, pension and other postretirement and postemployment benefits    8✕✕
Other liabilities182178129204168227168
Other undisclosed noncurrent liabilities316      
Total noncurrent liabilities:3,6173,4003,4053,9691,4061,6831,565
Total liabilities:5,9505,4595,6075,9852,3572,6923,358
Stockholders' equity
Stockholders' equity attributable to parent3,4133,3083,3703,1359981,5952,618
Additional paid in capital2,5872,9663,3443,3161,4331,5762,110
Accumulated other comprehensive income (loss)(70)(30)33(4)(11)(6)(2)
Retained earnings (accumulated deficit)896372(7)(177)(424)25510
Stockholders' equity attributable to noncontrolling interest431312   
Total stockholders' equity:3,4173,3113,3833,1479981,5952,618
Other undisclosed liabilities and equity    (74)(125)(101)
TOTAL LIABILITIES AND EQUITY:9,3678,7708,9909,1323,2814,1625,875

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
1/31/2013
Revenues11,09410,19410,1707,0435,0635,77211,173
Cost of revenue(9,546)(8,690)(8,923)(6,191)(4,392)(5,006)(9,809)
Gross profit:1,5481,5041,2478526717661,364
Operating expenses(689)(736)(562)(341)(451)(442)(592)
Other undisclosed operating income (loss)53(19)(126)(94)(434)(160)(38)
Operating income (loss):912749559417(214)164734
Nonoperating income (expense)1016(26)(13)5717
Investment income, nonoperating147   159
Other nonoperating income (expense)87(1)(26)(13)5(8)8
Interest and debt expense(147)(145)(148)(96)(70)(83)(93)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (4)  
Income (loss) from continuing operations before equity method investments, income taxes:866610385308(283)88658
Other undisclosed income from continuing operations before income taxes  810   
Income (loss) from continuing operations before income taxes:866610393318(283)88658
Income tax expense(196)(28)(29)(72)(47)(4)(135)
Income (loss) from continuing operations:670582364246(330)84523
Income from discontinued operations    7802
Net income (loss):670582364246(323)164525
Net income (loss) attributable to noncontrolling interest(3)(1)2    
Other undisclosed net loss attributable to parent   (2)   
Net income (loss) attributable to parent:667581366244(323)164525
Other undisclosed net loss available to common stockholders, basic     (3)(11)
Net income (loss) available to common stockholders, diluted:667581366244(323)161514

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
1/31/2013
Net income (loss):670582364246(323)164525
Other comprehensive income (loss)(40)(72)374(5)(4)9
Comprehensive income (loss):630510401250(328)160534
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(1)2(2)   
Comprehensive income (loss), net of tax, attributable to parent:627509403248(328)160534

Statements sources

The financial statements are based on the company's filings with the 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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