|
LEIDOS HOLDINGS, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share amounts) |
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Three Months Ended |
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Six Months Ended |
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June 30, |
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July 1, |
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June 30, |
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July 1, |
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2017 |
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2016 |
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2017 |
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2016 |
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Revenues |
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$ |
2,571 |
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$ |
1,288 |
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|
$ |
5,151 |
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$ |
2,600 |
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Cost of revenues |
|
2,233 |
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|
1,141 |
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|
4,503 |
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|
2,295 |
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Selling, general and administrative expenses |
|
143 |
|
|
56 |
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|
287 |
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|
116 |
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Acquisition and integration costs |
|
16 |
|
|
15 |
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|
35 |
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|
24 |
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Restructuring expenses |
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6 |
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|
1 |
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|
19 |
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|
1 |
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Equity losses of non-consolidated subsidiaries |
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7 |
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— |
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— |
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— |
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Operating income |
|
166 |
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|
75 |
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|
307 |
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|
164 |
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Interest income |
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2 |
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|
2 |
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4 |
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|
5 |
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Interest expense |
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(36) |
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|
(15) |
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(74) |
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|
(29) |
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Other income (expense), net |
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3 |
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(2) |
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6 |
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(2) |
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Income from continuing operations before income taxes |
|
135 |
|
|
60 |
|
|
243 |
|
|
138 |
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Income tax expense |
|
(37) |
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|
(19) |
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|
(71) |
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|
(44) |
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Net income |
|
98 |
|
|
41 |
|
|
172 |
|
|
94 |
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Less: net income attributable to non-controlling interest |
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— |
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— |
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|
2 |
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— |
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Net income attributable to Leidos common stockholders |
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$ |
98 |
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|
$ |
41 |
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$ |
170 |
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|
$ |
94 |
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Earnings per share: |
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Basic |
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$ |
0.65 |
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$ |
0.56 |
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$ |
1.13 |
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$ |
1.31 |
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Diluted |
|
0.64 |
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|
0.55 |
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|
1.11 |
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|
1.27 |
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Weighted average number of common shares outstanding: |
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Basic |
|
151 |
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|
73 |
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|
151 |
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|
72 |
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Diluted |
|
153 |
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|
74 |
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|
153 |
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|
74 |
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Cash dividends declared per share |
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$ |
0.32 |
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$ |
0.32 |
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$ |
0.64 |
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$ |
0.64 |
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