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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
Oct. 31, 2014
Nov. 01, 2013
Oct. 31, 2014
Nov. 01, 2013
Revenues $ 1,276 $ 1,414 $ 3,894 $ 4,464
Costs and expenses:        
Cost of revenues 1,115 1,219 3,375 3,885
Selling, general and administrative expenses 72 113 239 343
Bad debt expense 0 43 3 45
Goodwill impairment charges 0 0 486 0
Intangible asset impairment charges 17 19 41 51
Separation transaction and restructuring expenses 0 25 1 58
Operating income (loss) 72 (5) (251) 82
Non-operating income (expense):        
Interest income 0 5 1 15
Interest expense (18) (21) (58) (59)
Other income, net 0 2 1 3
Income (loss) from continuing operations before income taxes 54 (19) (307) 41
Income tax (expense) benefit (16) 11 (49) (4)
Income (loss) from continuing operations 38 (8) (356) 37
Discontinued operations:        
(Loss) income from discontinued operations before income taxes (1) 19 (12) 144
Income tax (expense) benefit (3) (14) 1 (61)
(Loss) income from discontinued operations (4) 5 (11) 83
Net income (loss) 34 (3) (367) 120
Basic:        
Income (loss) from continuing operations (dollar per share) $ 0.52 $ (0.10) $ (4.75) $ 0.40
(Loss) income from discontinued operations (dollar per share) $ (0.05) $ 0.06 $ (0.14) $ 0.99
Basic earnings per share (dollar per share) $ 0.47 $ (0.04) $ (4.89) $ 1.39
Diluted:        
Income (loss) from continuing operations (dollar per share) $ 0.51 $ (0.10) $ (4.75) $ 0.40
(Loss) income from discontinued operations (dollar per share) $ (0.05) $ 0.06 $ (0.14) $ 0.99
Diluted earnings per share (dollar per share) $ 0.46 $ (0.04) $ (4.89) $ 1.39
Cash dividends declared per share $ 0.32 $ 0.32 $ 0.96 $ 5.28
Leidos, Inc.
       
Revenues 1,276 1,414 3,894 4,464
Costs and expenses:        
Cost of revenues 1,115 1,219 3,375 3,885
Selling, general and administrative expenses 72 113 239 343
Bad debt expense 0 43 3 45
Goodwill impairment charges 0 0 486 0
Intangible asset impairment charges 17 19 41 51
Separation transaction and restructuring expenses 0 25 1 58
Operating income (loss) 72 (5) (251) 82
Non-operating income (expense):        
Interest income 3 5 9 15
Interest expense (18) (21) (58) (59)
Other income, net 0 2 1 3
Income (loss) from continuing operations before income taxes 57 (19) (299) 41
Income tax (expense) benefit (17) 11 (52) (4)
Income (loss) from continuing operations 40 (8) (351) 37
Discontinued operations:        
(Loss) income from discontinued operations before income taxes (1) 19 (12) 144
Income tax (expense) benefit (3) (14) 1 (61)
(Loss) income from discontinued operations (4) 5 (11) 83
Net income (loss) $ 36 $ (3) $ (362) $ 120