← Leidos Holdings, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — $693.0m $208.0m $1.3b $1.5b —
Net Income (Loss) Attributable to Parent $366.0m $581.0m $667.0m $670.0m $753.0m $685.0m $199.0m $1.3b $1.3b $1.4b
Net Income (Loss) Available to Common Stockholders, Basic $364.0m $582.0m — $670.0m $629.0m $693.0m $208.0m $1.3b $1.3b $1.5b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $364.0m $582.0m $670.0m — $759.0m $693.0m $208.0m $1.3b — $1.5b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $364.0m — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest ($2.0m) $1.0m $3.0m — $6.0m $8.0m $9.0m ($3.0m) — $14.0m
Depreciation, Depletion and Amortization $336.0m $257.0m $234.0m $234.0m $325.0m $333.0m $331.0m $290.0m $290.0m $290.0m
Amortization of Debt Issuance Costs and Discounts — — $10.0m — $11.0m $11.0m — — — —
Amortization of Intangible Assets $281.0m $201.0m $173.0m — $228.0m $230.0m $202.0m $147.0m — $130.0m
Depreciation $55.0m $56.0m $61.0m $234.0m $97.0m $103.0m $129.0m $143.0m $290.0m $160.0m
Amortization Cash Flow — — — — — $230.0m $202.0m $147.0m $130.0m —
Amortization Of Intangibles — — — — — $230.0m $202.0m $147.0m $130.0m —
Depreciation Amortization Depletion — — — — — $333.0m $331.0m $290.0m $290.0m —
Deferred Income Tax Expense (Benefit) — — $18.0m — ($26.0m) ($211.0m) ($109.0m) ($98.0m) — —
Deferred income taxes $132.0m ($49.0m) — $18.0m ($4.0m) ($211.0m) ($109.0m) — ($98.0m) $369.0m
Deferred Income Tax — — — — — ($211.0m) ($109.0m) ($98.0m) $369.0m —
Deferred Tax — — — — — ($211.0m) ($109.0m) ($98.0m) $369.0m —
Share-based Payment Arrangement, Noncash Expense $43.0m $44.0m $52.0m — $67.0m $73.0m $77.0m $85.0m — $95.0m
Share-based Payment Arrangement, Expense — — — — $67.0m $73.0m $77.0m $85.0m — $95.0m
Goodwill and Intangible Asset Impairment — — — — — — $596.0m $0 — $0
Goodwill, Impairment Loss — — — — $0 $0 — — — —
Impairment of Intangible Assets, Finite-lived — — — — — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — $0 $0 — — — —
Goodwill impairment charges — — — — $0 $0 $596.0m — $0 $0
Asset impairment charges $0 $7.0m — $0 $12.0m $40.0m $91.0m — $11.0m $5.0m
Asset Impairment Charge — — — — — $40.0m $687.0m $11.0m $5.0m —
Gain (Loss) on Extinguishment of Debt — — — — $0 $0 — — — —
Gain (Loss) on Disposition of Business — — $88.0m — ($3.0m) $0 — — — —
Gain (Loss) on Disposition of Property Plant Equipment $0 ($73.0m) — ($121.0m) ($183.0m) ($129.0m) ($207.0m) — ($149.0m) ($125.0m)
Income (Loss) from Equity Method Investments $13.0m $18.0m $18.0m — $20.0m $12.0m $30.0m $39.0m — $32.0m
Income Tax Expense (Benefit) $29.0m $28.0m $196.0m — $208.0m $193.0m $195.0m $388.0m — $447.0m
Operating Lease, Lease Income — — $28.0m — $32.0m $35.0m $39.0m $26.0m — $21.0m
Other Nonoperating Income (Expense) ($26.0m) ($1.0m) $87.0m — ($1.0m) ($3.0m) ($6.0m) $5.0m — $3.0m
Noncash investing and financing activities:
Additional Financial Items
Accounts Receivable, Credit Loss Expense (Reversal) $10.0m $0 $12.0m — ($9.0m) — — — — —
Purchases of property and equipment, accrued but unpaid $81.0m $73.0m $121.0m — — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax — — — — — ($18.0m) — — — —
Foreign Currency Transaction Gain (Loss), Realized $5.0m $2.0m ($1.0m) — ($1.0m) ($3.0m) — — — —
Gain (Loss) on Sale of Properties $0 — — — — — — — — —
Goodwill $5.0b $4.9b $4.9b — $6.7b $6.7b $6.1b $6.1b — $6.3b
Payments of Financing Costs — — — — — — — — — —
Restructuring Costs — — — — — — — — — —
Sales-type Lease, Selling Profit (Loss) — — ($2.0m) — $20.0m $13.0m $10.0m $15.0m — $11.0m
Stock-based compensation $43.0m $44.0m — $52.0m $62.0m $73.0m $77.0m $85.0m $85.0m $95.0m
Other $0 ($1.0m) — $0 ($1.0m) $0 $0 — ($1.0m) ($7.0m)
Receivables ($191.0m) ($58.0m) — $116.0m ($127.0m) ($174.0m) ($65.0m) — ($220.0m) ($46.0m)
Other current assets and other long-term assets — ($17.0m) — $41.0m $104.0m $160.0m $140.0m — $96.0m $19.0m
Accounts payable and accrued liabilities and other long-term liabilities — ($14.0m) — ($71.0m) $151.0m ($149.0m) $31.0m — ($160.0m) ($308.0m)
Accrued payroll and employee benefits $8.0m ($12.0m) — ($29.0m) $161.0m $98.0m ($5.0m) — $121.0m $1.0m
Income taxes receivable/payable ($151.0m) ($39.0m) — $34.0m $14.0m $97.0m ($158.0m) — ($28.0m) ($146.0m)
Proceeds from disposition of businesses $0 $0 — $178.0m $0 $15.0m $2.0m — $0 $9.0m
Repayments of borrowings ($209.0m) ($59.0m) — ($80.0m) ($106.0m) ($545.0m) ($2.0b) — ($18.0m) ($1.0b)
Repurchases of stock and other ($31.0m) ($438.0m) — ($458.0m) ($105.0m) ($542.0m) ($246.0m) — ($906.0m) ($944.0m)
Proceeds from issuances of stock $13.0m $14.0m — $27.0m $35.0m $48.0m $50.0m — $55.0m $62.0m
Net capital distributions to non-controlling interests — — — — $38.0m ($7.0m) ($9.0m) — ($6.0m) ($16.0m)
Finance lease obligations — — — $0 $51.0m $1.0m $65.0m — $0 $0
Beginning Cash Position — — — — — $875.0m $525.0m $792.0m $991.0m —
Cash Flow From Continuing Financing Activities — — — — — ($865.0m) ($715.0m) ($1.1b) ($1.1b) —
Cash Flow From Continuing Investing Activities — — — — — ($313.0m) ($211.0m) ($142.0m) ($405.0m) —
Change In Account Payable — — — — — ($143.0m) $53.0m ($117.0m) ($308.0m) —
Change In Accrued Expense — — — — — $98.0m ($5.0m) $121.0m $1.0m —
Change In Other Current Assets — — — — — $160.0m $140.0m $96.0m $19.0m —
Change In Other Working Capital — — — — — $97.0m ($158.0m) ($28.0m) ($146.0m) —
Change In Payable — — — — — ($143.0m) $53.0m ($117.0m) ($308.0m) —
Change In Payables And Accrued Expense — — — — — ($45.0m) $48.0m $4.0m ($307.0m) —
Change In Receivables — — — — — ($174.0m) ($65.0m) ($220.0m) ($46.0m) —
Change In Working Capital — — — — — $38.0m ($35.0m) ($148.0m) ($480.0m) —
Changes In Cash — — — — — ($186.0m) $261.0m $209.0m $200.0m —
End Cash Position — — — — — $516.0m $641.0m $849.0m $1.1b —
Financing Cash Flow — — — — — ($865.0m) ($715.0m) ($1.1b) ($1.1b) —
Free Cash Flow — — — — — $863.0m $980.0m $1.3b $1.6b —
Investing Cash Flow — — — — — ($313.0m) ($211.0m) ($142.0m) ($405.0m) —
Issuance Of Capital Stock — — — — — $48.0m $50.0m $55.0m $62.0m —
Net Business Purchase And Sale — — — — — ($177.0m) ($4.0m) $0 ($284.0m) —
Net PPE Purchase And Sale — — — — — ($129.0m) ($207.0m) ($149.0m) ($125.0m) —
Other Cash Adjustment Outside Changein Cash — — — — — ($167.0m) ($151.0m) ($142.0m) ($96.0m) —
Other Non Cash Items — — — — — $26.0m $28.0m $44.0m $9.0m —
Purchase Of Business — — — — — ($192.0m) ($6.0m) $0 ($293.0m) —
Purchase Of PPE — — — — — ($129.0m) ($207.0m) ($149.0m) ($125.0m) —
Repurchase Of Capital Stock — — — — — ($542.0m) ($246.0m) ($906.0m) ($944.0m) —
Sale Of Business — — — — — $15.0m $2.0m $0 $9.0m —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax — — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $0 $768.0m $992.0m $992.0m $1.0b $986.0m $1.2b $1.4b $1.4b $1.8b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $81.0m $73.0m $121.0m $27.0m $4.0m $7.0m $2.0m ($149.0m) $72.0m $5.0m
Payments to Acquire Businesses, Net of Cash Acquired $0 $81.0m $94.0m — $622.0m $192.0m $6.0m $0 — $293.0m
Acquisitions of businesses, net of cash acquired $0 ($81.0m) — ($94.0m) ($2.7b) ($192.0m) ($6.0m) — $0 ($293.0m)
Payments for (Proceeds from) Other Investing Activities ($2.0m) — ($1.0m) — $4.0m $13.0m $0 ($5.0m) — ($4.0m)
Net Other Investing Changes — — — — ($4.0m) ($7.0m) — $7.0m $4.0m —
Net Cash Provided by (Used in) Investing Activities ($71.0m) ($114.0m) $65.0m $65.0m ($730.0m) ($313.0m) ($211.0m) ($142.0m) ($142.0m) ($405.0m)
Cash flows from financing activities:
Proceeds from debt issuance $0 $0 — $0 $7.2b $380.0m $1.7b — $0 $997.0m
Payments for debt issuance and modification costs ($4.0m) ($8.0m) — $0 ($51.0m) $0 ($7.0m) — $0 ($7.0m)
Issuance Of Debt — — — — — $380.0m $1.7b $0 $997.0m —
Long Term Debt Issuance — — — — — $380.0m $1.7b $0 $997.0m —
Net Issuance Payments Of Debt — — — — — ($165.0m) ($302.0m) ($18.0m) ($22.0m) —
Net Long Term Debt Issuance — — — — — ($165.0m) ($302.0m) ($18.0m) ($22.0m) —
Repayments of Long-term Debt — — — — $106.0m — — — — —
Long Term Debt Payments — — — — — ($545.0m) ($2.0b) ($18.0m) ($1.0b) —
Repayment Of Debt — — — — — ($545.0m) ($2.0b) ($18.0m) ($1.0b) —
Common Stock Issuance — — — — — $48.0m $50.0m $55.0m $62.0m —
Net Common Stock Issuance — — — — — ($494.0m) ($196.0m) ($851.0m) ($882.0m) —
Payments for Repurchase of Common Stock — $167.0m $25.0m — $237.0m $0 $225.0m $850.0m — $400.0m
Common Stock Payments — — — — — ($542.0m) ($246.0m) ($906.0m) ($944.0m) —
Proceeds from Noncontrolling Interests — — — — $41.0m — — — — —
Proceeds from (Payments to) Noncontrolling Interests — — — — — ($7.0m) ($9.0m) ($6.0m) — ($16.0m)
Dividends paid $0 $0 — — — — — — — —
Dividends Payable, Current $17 $12 — — — — — — — —
Dividends Payable $3 $3 — — — — — — — —
Dividend payments ($198.0m) ($198.0m) — ($198.0m) ($196.0m) ($199.0m) ($201.0m) — ($208.0m) ($211.0m)
Cash Dividends Paid — — — — — ($199.0m) ($201.0m) ($208.0m) ($211.0m) —
Common Stock Dividend Paid — — — — — ($199.0m) ($201.0m) ($208.0m) ($211.0m) —
Proceeds from (Payments for) Other Financing Activities $0 ($1.0m) $0 — $0 $0 — ($1.0m) — ($7.0m)
Net Other Financing Charges — — — — — ($7.0m) ($16.0m) ($7.0m) ($30.0m) —
Net Cash Provided by (Used in) Financing Activities ($429.0m) ($707.0m) ($709.0m) ($709.0m) ($113.0m) ($865.0m) ($715.0m) ($1.1b) ($1.1b) ($1.1b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $6.0m ($10.0m) — $13.0m
Effect of foreign exchange rate changes on cash and cash equivalents — — — — ($2.0m) ($6.0m) $6.0m — ($10.0m) $13.0m
Effect Of Exchange Rate Changes — — — — — ($6.0m) $6.0m ($10.0m) $13.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $26.0m ($53.0m) $348.0m — $188.0m ($192.0m) $245.0m $156.0m — $213.0m
Net increase in cash, cash equivalents and restricted cash $26.0m ($53.0m) — $348.0m ($30.0m) ($192.0m) $245.0m — $156.0m $213.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $422.0m $369.0m $717.0m — $875.0m $683.0m $928.0m $1.1b — $1.2b
Cash, cash equivalents and restricted cash at beginning of year $396.0m $422.0m — $717.0m $687.0m $683.0m $928.0m — $1.1b $1.2b
Less: restricted cash at end of year — — — $49.0m $148.0m $167.0m $151.0m — $141.0m $96.0m
Cash and cash equivalents at end of year — — — $668.0m $727.0m $516.0m $777.0m — $943.0m $1.1b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($192.0m) $267.0m $199.0m $213.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities — $133.0m $172.0m $172.0m $182.0m $195.0m $207.0m $226.0m $226.0m $220.0m
Income Taxes Paid, Net — $70.0m $142.0m $142.0m $221.0m $217.0m $435.0m $460.0m $460.0m $276.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.