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CONDENSED CONSOLIDATED COMBINED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 91 $ 176
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 214 116
Stock-based compensation 7 4
Deferred income taxes (17) (71)
Gain on sale of assets (25) 0
Other non-cash charges, net (13) 10
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Receivables, net 78 37
Prepaid expenses and other current assets (22) (20)
Accounts payable and accrued liabilities (23) 99
Deferred revenue and advanced contract payments (13) 3
Income taxes payable 20 0
Other operating activities, net (3) (7)
Net cash provided by operating activities 294 347
Cash flows from investing activities:    
Payments for acquisitions, net of cash acquired (312) 0
Extinguishment of Vencore HC and KGS HC debt and related costs (994) 0
Proceeds from sale of assets 25 0
Purchases of property, equipment and software (12) (8)
Payments for outsourcing contract costs (7) (9)
Net cash used in investing activities (1,300) (17)
Cash flows from financing activities:    
Principal payments on long-term debt (82) 0
Proceeds from debt issuance 2,500 0
Payment of debt issuance costs (46) 0
Proceeds from revolving credit facility 50 0
Payments on revolving credit facility (50) 0
Payments on lease liability (124) (117)
Repurchases of common stock (43) 0
Repurchases of common stock to satisfy tax withholding obligations (1) 0
Dividend to DXC (984) 0
Dividends paid to Perspecta stockholders (17) 0
Net transfers to Parent (88) (213)
Net cash provided by (used in) financing activities 1,115 (330)
Net increase in cash and cash equivalents, including restricted 109 0
Cash and cash equivalents, including restricted, at beginning of period 0 0
Cash and cash equivalents, including restricted, at end of period 109 0
Less restricted cash and cash equivalents included in prepaid expenses and other current assets 9 0
Cash and cash equivalents at end of period $ 100 $ 0