XML 100 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Jan. 31, 2012
Revenues $ 5,772 $ 6,469 $ 5,836
Costs and expenses:      
Cost of revenues 5,006 5,564 5,351
Selling, general and administrative expenses 442 469 543
Bad debt expense 44 2 0
Intangible asset impairment charges 51 0 0
Separation transaction and restructuring expenses 65 11 0
Operating income (loss) 164 423 (58)
Non-operating income (expense):      
Interest income 15 9 5
Interest expense (83) (93) (114)
Other (expense) income, net (8) 8 5
Income (loss) from continuing operations before income taxes 88 347 (162)
Income tax expense (4) (23) (73)
Income (loss) from continuing operations 84 324 (235)
Discontinued operations (Note 2):      
Income from discontinued operations before income taxes 140 329 486
Income tax expense (60) (128) (192)
Income from discontinued operations 80 201 294
Net income 164 525 59
Basic:      
Income (loss) from continuing operations $ 0.98 $ 3.82 $ (2.80)
Income from discontinued operations $ 0.96 $ 2.37 $ 3.48
Basic earnings (loss) per share $ 1.94 $ 6.19 $ 0.68
Diluted:      
Income (loss) from continuing operations $ 0.98 $ 3.82 $ (2.80)
Income from discontinued operations $ 0.96 $ 2.37 $ 3.48
Diluted earnings (loss) per share $ 1.94 $ 6.19 $ 0.68
Leidos, Inc.
     
Revenues 5,772 6,469 5,836
Costs and expenses:      
Cost of revenues 5,006 5,564 5,351
Selling, general and administrative expenses 442 469 543
Bad debt expense 44 2 0
Intangible asset impairment charges 51 0 0
Separation transaction and restructuring expenses 65 11  
Operating income (loss) 164 423 (58)
Non-operating income (expense):      
Interest income 19 10 5
Interest expense (83) (93) (119)
Other (expense) income, net (8) 8 5
Income (loss) from continuing operations before income taxes 92 348 (167)
Income tax expense (6) (23) (71)
Income (loss) from continuing operations 86 325 (238)
Discontinued operations (Note 2):      
Income from discontinued operations before income taxes 140 329 486
Income tax expense (60) (128) (192)
Income from discontinued operations 80 201 294
Net income $ 166 $ 526 $ 56