LDOS FY 2020 Earnings Report — Leidos Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Leidos Holdings, Inc.LDOS

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$12.3B	—	$11.1B	—	10.8%
Op. Income	$998M	—	$912M	—	9.4%
Gross Margin	14.1%	—	14.0%	—	0.2pp
Net Margin	5.1%	—	6.0%	—	-0.9pp
EPS (Diluted)	$4.36	—	$4.60	—	-5.2%
Free Cash Flow	$1.2B	—	$871M	—	32.1%

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$10.6B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$770M
Other Expenses	-$31M
Operating Expenses	$739M
Cost & Expenses	$11.3B
OPERATING INCOME	$998M
Interest Income	$3M
Interest Expense	$182M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$781M
Income Tax Expense	$152M
Net Income from Continuing Ops	$629M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$628M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$628M
D&A	$282M
EBIT	$963M
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$10.6B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$770M
Other Expenses	-$31M
Operating Expenses	$739M
Cost & Expenses	$11.3B
OPERATING INCOME	$998M
Interest Income	$3M
Interest Expense	$182M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$781M
Income Tax Expense	$152M
Net Income from Continuing Ops	$629M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$628M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$628M
D&A	$282M
EBIT	$963M
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$629M
Depreciation & Amortization	$282M
Stock-Based Compensation	$62M
Deferred Income Tax	-$4M
Other Non-Cash Items	$62M
Change in Working Capital	$303M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$183M
Acquisitions (Net)	-$2.7B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$1.8B
Common Stock Repurchased	-$105M
Common Dividends Paid	-$196M
Other Financing Activities	-$52M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$524M
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$276M
Other Current Assets	$402M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$1.2B
Goodwill	$6.3B
Intangible Assets	$1.2B
Long-Term Investments	$15M
Tax Assets	$0
Other Non-Current Assets	$443M
TOTAL NON-CURRENT ASSETS	$9.2B
TOTAL ASSETS	$12.5B
Account Payables	$731M
Short-Term Debt	$100M
Deferred Revenue	$481M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$234M
Other Non-Current Liabilities	$291M
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$8.6B
Common Stock	$0
Additional Paid-In Capital	$2.6B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$9M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$5.3B
Net Debt	$4.8B