Leidos Holdings, Inc. (LDOS) financial statements (2021 and earlier)

Company profile

Business Address 1750 PRESIDENTS STREET
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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments524668327390376443430
Cash and cash equivalents524668327390376443430
Restricted cash and investments     30 
Receivables2,1371,7341,8771,8311,6578961,088
Inventory, net of allowances, customer advances and progress billings276  76677059
Inventory276  76677059
Prepaid expense     2834
Disposal group, including discontinued operation  92  620
Deferred tax assets✕✕   1289
Other current assets402410543  273256
Other undisclosed current assets   377281(140)(182)
Total current assets:3,3392,8122,8392,6742,3811,6181,794
Noncurrent Assets
Finance lease, right-of-use asset107✕✕✕✕✕
Operating lease, right-of-use asset581400✕✕✕✕✕
Property, plant and equipment  237232259308483
Intangible assets, net (including goodwill)7,5295,4425,5125,8306,2111,2441,798
Goodwill6,3134,9124,8604,9744,6221,2071,704
Intangible assets, net (excluding goodwill)1,2165306528561,5893794
Other noncurrent assets4584261822542659772
Other undisclosed noncurrent assets594280  161415
Total noncurrent assets:9,1726,5555,9316,3166,7511,6632,368
TOTAL ASSETS:12,5119,3678,7708,9909,1323,2814,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1751,8371,4761,6391,427675716
Accounts payable731592547557591244218
Accrued liabilities939822650747493327395
Employee-related liabilities   487 264286
Taxes payable   4   
Interest and dividends payable   17   
Other undisclosed accounts payable and accrued liabilities505423279(173)343(160)(183)
Deferred revenue 400✕✕✕✕✕
Debt1006172556222
Provision for loss on contracts   19   
Disposal group, including discontinued operation  23  105
Contract with customer, liability✕✕276✕✕✕✕
Other undisclosed current liabilities63235212489527264286
Total current liabilities:2,9072,3332,0592,2022,0169511,009
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6442,9253,0523,0563,2251,1641,331
Long-term debt, excluding current maturities      1,331
Finance lease, liability52✕✕✕✕✕
Operating lease, liability564326✕✕✕✕✕
Other undisclosed long-term debt and lease obligation4,0752,5973,0523,0563,2251,164 
Liabilities, other than long-term debt549376348349744242352
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕9
Deferred revenue209✕✕✕✕✕
Deferred compensation liability, classified     3938
Deferred tax liabilities, net✕✕1702205402166
Deferred income tax liabilities234184✕✕✕✕✕
Liability for uncertainty in income taxes41   612
Liability, pension and other postretirement and postemployment benefits     8✕
Other liabilities291182178129204168227
Other undisclosed noncurrent liabilities540316     
Total noncurrent liabilities:5,7333,6173,4003,4053,9691,4061,683
Total liabilities:8,6405,9505,4595,6075,9852,3572,692
Stockholders' equity
Stockholders' equity attributable to parent3,8623,4133,3083,3703,1359981,595
Additional paid in capital2,5802,5872,9663,3443,3161,4331,576
Accumulated other comprehensive income (loss)(46)(70)(30)33(4)(11)(6)
Retained earnings (accumulated deficit)1,328896372(7)(177)(424)25
Stockholders' equity attributable to noncontrolling interest9431312  
Total stockholders' equity:3,8713,4173,3113,3833,1479981,595
Other undisclosed liabilities and equity     (74)(125)
TOTAL LIABILITIES AND EQUITY:12,5119,3678,7708,9909,1323,2814,162

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
Revenues12,29711,09410,19410,1707,0435,0635,772
Cost of revenue(10,560)(9,546)(8,690)(8,923)(6,191)(4,392)(5,006)
Gross profit:1,7371,5481,5041,247852671766
Operating expenses(782)(689)(736)(562)(341)(451)(442)
Other undisclosed operating income (loss)4353(19)(126)(94)(434)(160)
Operating income (loss):998912749559417(214)164
Nonoperating income (expense)(35)1016(26)(13)57
Investment income, nonoperating3147   15
Other nonoperating income (expense)(38)87(1)(26)(13)5(8)
Interest and debt expense(182)(147)(145)(148)(96)(70)(83)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (4) 
Income (loss) from continuing operations before equity method investments, income taxes:781866610385308(283)88
Other undisclosed income from continuing operations before income taxes   810  
Income (loss) from continuing operations before income taxes:781866610393318(283)88
Income tax expense(152)(196)(28)(29)(72)(47)(4)
Income (loss) from continuing operations:629670582364246(330)84
Income from discontinued operations     780
Net income (loss):629670582364246(323)164
Net income (loss) attributable to noncontrolling interest(1)(3)(1)2   
Other undisclosed net loss attributable to parent    (2)  
Net income (loss) attributable to parent:628667581366244(323)164
Other undisclosed net loss available to common stockholders, basic      (3)
Net income (loss) available to common stockholders, diluted:628667581366244(323)161

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
1/31/2014
Net income (loss):629670582364246(323)164
Other comprehensive income (loss)24(40)(72)374(5)(4)
Comprehensive income (loss):653630510401250(328)160
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(3)(1)2(2)  
Comprehensive income (loss), net of tax, attributable to parent:652627509403248(328)160

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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