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CONDENSED CONSOLIDATED COMBINED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 60 $ 53
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 191 138
Stock-based compensation 15 3
Deferred income taxes (20) (11)
Loss (gain) on sale or disposal of assets 10 (25)
Other non-cash charges, net 4 (14)
Changes in assets and liabilities, net of effects of acquisitions:    
Receivables, net 50 (4)
Prepaid expenses and other current assets 46 (18)
Accounts payable, accrued expenses and other current liabilities (16) 92
Deferred revenue and advanced contract payments (16) 13
Income taxes payable and income tax liability (2) 6
Other assets and liabilities, net (2) 3
Net cash provided by operating activities 320 236
Cash flows from investing activities:    
Payments for acquisitions, net of cash acquired (265) (312)
Extinguishment of acquired debt and related costs 0 (994)
Proceeds from sale of assets 0 24
Purchases of property, equipment and software (4) (11)
Payments for outsourcing contract costs (3) (6)
Net cash used in investing activities (272) (1,299)
Cash flows from financing activities:    
Principal payments on long-term debt (45) (50)
Proceeds from debt issuance 0 2,500
Payments of debt issuance costs (3) (43)
Proceeds from revolving credit facility 175 50
Payments on revolving credit facility 0 (50)
Payments on finance lease obligations (77) (82)
Repurchases of common stock (32) (21)
Dividend to DXC 0 (984)
Dividends paid to Perspecta stockholders (18) (8)
Net transfers to Parent 0 (88)
Net cash provided by financing activities 0 1,224
Net change in cash and cash equivalents, including restricted 48 161
Cash and cash equivalents, including restricted, at beginning of period 99 0
Cash and cash equivalents, including restricted, at end of period 147 161
Less restricted cash and cash equivalents included in other current assets 25 35
Cash and cash equivalents at end of period 122 126
Supplemental cash flow disclosures:    
Interest paid 64 33
Income taxes paid, net 12 19
Supplemental schedule of non-cash investing and financing activities:    
Leased assets acquired through finance lease obligations 49 83
Leased assets acquired through operating lease obligations 15 0
Dividends declared but not yet paid 10 8
Stock issued for the acquisition of Vencore $ 0 $ 578