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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jan. 30, 2015
Jul. 03, 2015
Aug. 01, 2014
Jul. 03, 2015
Aug. 01, 2014
Jan. 30, 2015
Cash flows from operations:            
Net income (loss)   $ 37 $ (438) $ 78 $ (401)  
(Income) loss from discontinued operations   0 (1) (18) 7  
Adjustments to reconcile net income to net cash provided by operations:            
Depreciation and amortization       24 34  
Stock-based compensation       14 23  
Goodwill impairment charges     486 0 486 $ 486
Asset impairment charges   29 24 69 24  
Other       (1) 5  
Change in assets and liabilities, net of effects of acquisitions and dispositions:            
Receivables       63 (56)  
Inventory, prepaid expenses and other current assets       (10) 9  
Deferred income taxes       23 0  
Accounts payable and accrued liabilities       14 (35)  
Accrued payroll and employee benefits       (20) 12  
Income taxes receivable/payable       (111) 11  
Other long-term assets/liabilities       (16) (4)  
Total cash flows provided by operating activities of continuing operations $ 11     109 115  
Cash flows from investing activities:            
Expenditures for property, plant and equipment       (8) (22)  
Payments on accrued purchase price related to prior acquisition       (13) 0  
Proceeds from sale of assets       5 0  
Proceeds from U.S. Treasury cash grant       0 80  
Total cash flows (used in) provided by investing activities of continuing operations       (16) 58  
Cash flows from financing activities:            
Payments of notes payable and long-term debt       (47) (1)  
Sales of stock and exercises of stock options       3 4  
Repurchases of stock and stock received for tax withholdings       (115) (212)  
Dividend payments       (48) (48)  
Other       1 1  
Total cash flows used in financing activities of continuing operations (47)     (206) (256)  
Decrease in cash and cash equivalents from continuing operations       (113) (83)  
Cash flows from discontinued operations:            
Cash provided by operating activities of discontinued operations       13 3  
Cash provided by investing activities of discontinued operations       6 8  
Increase in cash and cash equivalents from discontinued operations 20     19 11  
Increase in cash and cash equivalents from discontinued operations 16     (94) (72)  
Cash and cash equivalents at beginning of period 459     459 430 430
Cash and cash equivalents at end of period   365 358 365 358  
Leidos, Inc.            
Cash flows from operations:            
Net income (loss)   39 (436) 82 (398)  
(Income) loss from discontinued operations   0 (1) (18) 7  
Adjustments to reconcile net income to net cash provided by operations:            
Depreciation and amortization       24 34  
Stock-based compensation       14 23  
Goodwill impairment charges   0 486 0 486  
Asset impairment charges   29 24 69 24  
Other       (5) 2  
Change in assets and liabilities, net of effects of acquisitions and dispositions:            
Receivables       63 (56)  
Inventory, prepaid expenses and other current assets       (10) 9  
Deferred income taxes       23 0  
Accounts payable and accrued liabilities       14 (35)  
Accrued payroll and employee benefits       (20) 12  
Income taxes receivable/payable       (111) 11  
Other long-term assets/liabilities       (16) (4)  
Total cash flows provided by operating activities of continuing operations       109 115  
Cash flows from investing activities:            
Proceeds on obligations of Leidos Holdings, Inc.       17 55  
Payments on obligations of Leidos Holdings, Inc.       (176) (310)  
Expenditures for property, plant and equipment       (8) (22)  
Payments on accrued purchase price related to prior acquisition       (13) 0  
Proceeds from sale of assets       5 0  
Proceeds from U.S. Treasury cash grant       0 80  
Total cash flows (used in) provided by investing activities of continuing operations       (175) (197)  
Cash flows from financing activities:            
Payments of notes payable and long-term debt       (47) (1)  
Total cash flows used in financing activities of continuing operations       (47) (1)  
Decrease in cash and cash equivalents from continuing operations       (113) (83)  
Cash flows from discontinued operations:            
Cash provided by operating activities of discontinued operations       13 3  
Cash provided by investing activities of discontinued operations       6 8  
Increase in cash and cash equivalents from discontinued operations       19 11  
Increase in cash and cash equivalents from discontinued operations       (94) (72)  
Cash and cash equivalents at beginning of period $ 459     459 430 $ 430
Cash and cash equivalents at end of period   $ 365 $ 358 $ 365 $ 358