XML 47 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Income - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2015
Oct. 31, 2014
Oct. 02, 2015
Oct. 31, 2014
Revenues $ 1,302,000,000 $ 1,276,000,000 $ 3,805,000,000 $ 3,894,000,000
Costs and expenses:        
Cost of revenues 1,138,000,000 1,115,000,000 3,344,000,000 3,375,000,000
Selling, general and administrative expenses 53,000,000 72,000,000 182,000,000 240,000,000
Bad debt expense 13,000,000 0 10,000,000 3,000,000
Goodwill impairment charges   0 0 486,000,000
Asset impairment charges 4,000,000 17,000,000 73,000,000 41,000,000
Operating income (loss) 94,000,000 72,000,000 196,000,000 (251,000,000)
Non-operating income (expense):        
Interest expense, net (14,000,000) (18,000,000) (42,000,000) (57,000,000)
Other income, net 0 0 1,000,000 1,000,000
Income (loss) from continuing operations before income taxes 80,000,000 54,000,000 155,000,000 (307,000,000)
Income tax expense (31,000,000) (16,000,000) (46,000,000) (49,000,000)
Income (loss) from continuing operations 49,000,000 38,000,000 109,000,000 (356,000,000)
Discontinued operations:        
Loss from discontinued operations before income taxes 0 (1,000,000) 0 (12,000,000)
Income tax (expense) benefit 0 (3,000,000) 18,000,000 1,000,000
(Loss) income from discontinued operations 0 (4,000,000) 18,000,000 (11,000,000)
Net income (loss) $ 49,000,000 $ 34,000,000 $ 127,000,000 $ (367,000,000)
Basic:        
Income (loss) from continuing operations (dollar per share) $ 0.68 $ 0.52 $ 1.49 $ (4.75)
(Loss) income from discontinued operations (dollar per share) 0.00 (0.05) 0.25 (0.14)
Basic earnings per share (dollar per share) 0.68 0.47 1.74 (4.89)
Diluted:        
Income (loss) from continuing operations (dollar per share) 0.67 0.51 1.47 (4.75)
(Loss) income from discontinued operations (dollar per share) 0.00 (0.05) 0.25 (0.14)
Diluted earnings per share (dollar per share) $ 0.67 $ 0.46 $ 1.72 $ (4.89)
Basic weighted average number of shares outstanding (shares) 72 73 73 75
Diluted weighted average number of shares outstanding (shares) 73 74 74 75
Cash dividends declared per share (dollars per share) $ 0.32 $ 0.32 $ 0.96 $ 0.96
Leidos, Inc.        
Revenues $ 1,302,000,000 $ 1,276,000,000 $ 3,805,000,000 $ 3,894,000,000
Costs and expenses:        
Cost of revenues 1,138,000,000 1,115,000,000 3,344,000,000 3,375,000,000
Selling, general and administrative expenses 53,000,000 72,000,000 182,000,000 240,000,000
Bad debt expense 13,000,000 0 10,000,000 3,000,000
Goodwill impairment charges 0 0 0 486,000,000
Asset impairment charges 4,000,000 17,000,000 73,000,000 41,000,000
Operating income (loss) 94,000,000 72,000,000 196,000,000 (251,000,000)
Non-operating income (expense):        
Interest expense, net (11,000,000) (15,000,000) (32,000,000) (49,000,000)
Other income, net 0 0 1,000,000 1,000,000
Income (loss) from continuing operations before income taxes 83,000,000 57,000,000 165,000,000 (299,000,000)
Income tax expense (32,000,000) (17,000,000) (50,000,000) (52,000,000)
Income (loss) from continuing operations 51,000,000 40,000,000 115,000,000 (351,000,000)
Discontinued operations:        
Loss from discontinued operations before income taxes 0 (1,000,000) 0 (12,000,000)
Income tax (expense) benefit 0 (3,000,000) 18,000,000 1,000,000
(Loss) income from discontinued operations 0 (4,000,000) 18,000,000 (11,000,000)
Net income (loss) $ 51,000,000 $ 36,000,000 $ 133,000,000 $ (362,000,000)