LEIDOS HOLDINGS, INC.
UNAUDITED SEGMENT OPERATING RESULTS
(in millions)
During the quarter ended March 31, 2017, the Company completed its business reorganization, which resulted in identification of three reportable segments (Defense Solutions, Civil, Health) and corporate expenses. The Company commenced operating and reporting under the new organizational structure effective the beginning of fiscal 2017. As a result of this change, prior year segment results and disclosures have been recast to reflect the new reportable segments.
The segment information for the periods presented was as follows:
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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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Dollar change |
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Percent change |
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June 30,
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July 1,
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Dollar change |
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Percent change | ||||||||||||||
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Revenues: |
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Defense Solutions |
|
$ |
1,243 |
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|
$ |
785 |
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|
$ |
458 |
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|
58.3 |
% |
|
$ |
2,537 |
|
|
$ |
1,565 |
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|
$ |
972 |
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|
62.1 |
% |
|
Civil |
|
875 |
|
|
300 |
|
|
575 |
|
|
191.7 |
% |
|
1,717 |
|
|
661 |
|
|
1,056 |
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|
159.8 |
% | ||||||
|
Health |
|
454 |
|
|
203 |
|
|
251 |
|
|
123.6 |
% |
|
897 |
|
|
374 |
|
|
523 |
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139.8 |
% | ||||||
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Corporate expenses |
|
(1) |
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|
— |
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(1) |
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NM |
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— |
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— |
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|
— |
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NM | ||||||||
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Total |
|
$ |
2,571 |
|
|
$ |
1,288 |
|
|
$ |
1,283 |
|
|
99.6 |
% |
|
$ |
5,151 |
|
|
$ |
2,600 |
|
|
$ |
2,551 |
|
|
98.1 |
% |
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Operating income (loss): |
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Defense Solutions |
|
$ |
63 |
|
|
$ |
60 |
|
|
$ |
3 |
|
|
5.0 |
% |
|
$ |
142 |
|
|
$ |
131 |
|
|
$ |
11 |
|
|
8.4 |
% |
|
Civil |
|
66 |
|
|
20 |
|
|
46 |
|
|
230.0 |
% |
|
120 |
|
|
42 |
|
|
78 |
|
|
185.7 |
% | ||||||
|
Health |
|
74 |
|
|
18 |
|
|
56 |
|
|
311.1 |
% |
|
121 |
|
|
34 |
|
|
87 |
|
|
255.9 |
% | ||||||
|
Corporate expenses |
|
(37) |
|
|
(23) |
|
|
(14) |
|
|
NM |
|
(76) |
|
|
(43) |
|
|
(33) |
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|
NM | ||||||||
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Total |
|
$ |
166 |
|
|
$ |
75 |
|
|
$ |
91 |
|
|
121.3 |
% |
|
$ |
307 |
|
|
$ |
164 |
|
|
$ |
143 |
|
|
87.2 |
% |
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Operating income margin: |
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Defense Solutions |
|
5.1 |
% |
|
7.6 |
% |
|
|
|
|
|
5.6 |
% |
|
8.4 |
% |
|
|
|
| ||||||||||
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Civil |
|
7.5 |
% |
|
6.7 |
% |
|
|
|
|
|
7.0 |
% |
|
6.4 |
% |
|
|
|
| ||||||||||
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Health |
|
16.3 |
% |
|
8.9 |
% |
|
|
|
|
|
13.5 |
% |
|
9.1 |
% |
|
|
|
| ||||||||||
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Total |
|
6.5 |
% |
|
5.8 |
% |
|
|
|
|
|
6.0 |
% |
|
6.3 |
% |
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NM - Not Meaningful |
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