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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 01, 2013
Oct. 31, 2012
Nov. 01, 2013
Oct. 31, 2012
Revenues $ 1,420 $ 1,673 $ 4,486 $ 4,899
Costs and expenses:        
Cost of revenues 1,224 1,434 3,903 4,218
Selling, general and administrative expenses 116 139 360 367
Bad debt expense 43 0 45 0
Intangible asset impairment losses 19 0 51 0
Separation transaction and restructuring expenses 25 0 58 0
Operating (loss) income (7) 100 69 314
Non-operating income (expense):        
Interest income 5 1 15 5
Interest expense (21) (20) (59) (73)
Other income, net 2 2 3 8
(Loss) income from continuing operations before income taxes (21) 83 28 254
Income tax benefit (expense) 12 (28) 1 (89)
(Loss) income from continuing operations (9) 55 29 165
Discontinued operations:        
Income from discontinued operations before income taxes 21 94 158 279
Income tax expense (15) (37) (67) (105)
Income from discontinued operations 6 57 91 174
Net (loss) income (3) 112 120 339
Basic:        
(Loss) income from continuing operations $ (0.11) $ 0.66 $ 0.31 $ 1.95
Income from discontinued operations $ 0.07 $ 0.66 $ 1.08 $ 2.05
Basic earnings per share $ (0.04) $ 1.32 $ 1.39 $ 4.00
Diluted:        
(Loss) income from continuing operations $ (0.11) $ 0.66 $ 0.31 $ 1.95
Income from discontinued operations $ 0.07 $ 0.66 $ 1.08 $ 2.05
Diluted earnings per share $ (0.04) $ 1.32 $ 1.39 $ 4.00
Cash dividends declared per share $ 0.32 $ 0.48 $ 5.28 $ 1.44
Leidos, Inc.
       
Revenues 1,420 1,673 4,486 4,899
Costs and expenses:        
Cost of revenues 1,224 1,434 3,903 4,218
Selling, general and administrative expenses 116 139 360 367
Bad debt expense 43 0 45 0
Intangible asset impairment losses 19 0 51 0
Separation transaction and restructuring expenses 25 0 58 0
Operating (loss) income (7) 100 69 314
Non-operating income (expense):        
Interest income 5 1 15 5
Interest expense (21) (20) (59) (73)
Other income, net 2 2 3 8
(Loss) income from continuing operations before income taxes (21) 83 28 254
Income tax benefit (expense) 12 (28) 1 (89)
(Loss) income from continuing operations (9) 55 29 165
Discontinued operations:        
Income from discontinued operations before income taxes 21 94 158 279
Income tax expense (15) (37) (67) (105)
Income from discontinued operations 6 57 91 174
Net (loss) income $ (3) $ 112 $ 120 $ 339