Leidos Holdings, Inc. (LDOS) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments727524668327390376443
Cash and cash equivalents727524668327390376443
Restricted cash and investments      30
Receivables2,1892,1371,7341,8771,8311,657896
Inventory, net of allowances, customer advances and progress billings274276  766770
Inventory274276  766770
Prepaid expense      28
Disposal group, including discontinued operation   92  6
Deferred tax assets   12
Other current assets429402410543  273
Other undisclosed current assets    377281(140)
Total current assets:3,6193,3392,8122,8392,6742,3811,618
Noncurrent Assets
Finance lease, right-of-use asset51107
Operating lease, right-of-use asset612581400
Property, plant and equipment   237232259308
Intangible assets, net (including goodwill)7,9217,5295,4425,5125,8306,2111,244
Goodwill6,7446,3134,9124,8604,9744,6221,207
Intangible assets, net (excluding goodwill)1,1771,2165306528561,58937
Other noncurrent assets43945842618225426597
Other undisclosed noncurrent assets619594280  1614
Total noncurrent assets:9,6429,1726,5555,9316,3166,7511,663
TOTAL ASSETS:13,26112,5119,3678,7708,9909,1323,281
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1412,1751,8371,4761,6391,427675
Accounts payable692731592547557591244
Accrued liabilities1,053939822650747493327
Employee-related liabilities    487 264
Taxes payable    4  
Interest and dividends payable    17  
Other undisclosed accounts payable and accrued liabilities396505423279(173)343(160)
Deferred revenue  400
Debt483100617255622
Provision for loss on contracts    19  
Disposal group, including discontinued operation   23  10
Contract with customer, liability276
Other undisclosed current liabilities60563235212489527264
Total current liabilities:3,2292,9072,3332,0592,2022,016951
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,5934,6442,9253,0523,0563,2251,164
Finance lease, liability4352
Operating lease, liability589564326
Other undisclosed long-term debt and lease obligation3,9614,0752,5973,0523,0563,2251,164
Liabilities, other than long-term debt530549376348349744242
Deferred revenue24209
Deferred compensation liability, classified      39
Deferred tax liabilities, net17022054021
Deferred income tax liabilities239234184
Liability for uncertainty in income taxes 41   6
Liability, pension and other postretirement and postemployment benefits      8
Other liabilities267291182178129204168
Other undisclosed noncurrent liabilities565540316    
Total noncurrent liabilities:5,6885,7333,6173,4003,4053,9691,406
Total liabilities:8,9178,6405,9505,4595,6075,9852,357
Stockholders' equity
Stockholders' equity attributable to parent4,2913,8623,4133,3083,3703,135998
Additional paid in capital2,4232,5802,5872,9663,3443,3161,433
Accumulated other comprehensive income (loss)(12)(46)(70)(30)33(4)(11)
Retained earnings (accumulated deficit)1,8801,328896372(7)(177)(424)
Stockholders' equity attributable to noncontrolling interest539431312 
Total stockholders' equity:4,3443,8713,4173,3113,3833,147998
Other undisclosed liabilities and equity      (74)
TOTAL LIABILITIES AND EQUITY:13,26112,5119,3678,7708,9909,1323,281

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
Revenues13,73712,29711,09410,19410,1707,0435,063
Cost of revenue(11,723)(10,560)(9,546)(8,690)(8,923)(6,191)(4,392)
Gross profit:2,0141,7371,5481,5041,247852671
Operating expenses(864)(782)(689)(736)(562)(341)(451)
Other undisclosed operating income (loss)24353(19)(126)(94)(434)
Operating income (loss):1,152998912749559417(214)
Nonoperating income (expense) (35)1016(26)(13)5
Investment income, nonoperating13147   
Other nonoperating income (expense)(1)(38)87(1)(26)(13)5
Interest and debt expense(185)(182)(147)(145)(148)(96)(70)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (4)
Income (loss) from continuing operations before equity method investments, income taxes:967781866610385308(283)
Other undisclosed income from continuing operations before income taxes    810 
Income (loss) from continuing operations before income taxes:967781866610393318(283)
Income tax expense(208)(152)(196)(28)(29)(72)(47)
Income (loss) from continuing operations:759629670582364246(330)
Income from discontinued operations      7
Net income (loss):759629670582364246(323)
Net income (loss) attributable to noncontrolling interest(6)(1)(3)(1)2  
Other undisclosed net loss attributable to parent     (2) 
Net income (loss) available to common stockholders, diluted:753628667581366244(323)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
1/31/2015
Net income (loss):759629670582364246(323)
Other comprehensive income (loss)3424(40)(72)374(5)
Comprehensive income (loss):793653630510401250(328)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(1)(3)(1)2(2) 
Comprehensive income (loss), net of tax, attributable to parent:787652627509403248(328)

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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