|
|
Nine Months Ended October 2, 2015 | ||||||||||||||||||
|
|
As reported |
|
Asset impairment charges |
|
Amortization of intangibles1 |
|
Restructuring expenses |
|
Non-GAAP results | ||||||||||
Income from continuing operations,
|
|
$ |
155 |
|
|
$ |
(73) |
|
|
$ |
(7) |
|
|
$ |
(3) |
|
|
$ |
238 |
|
Depreciation expense |
|
28 |
|
|
— |
|
|
— |
|
|
— |
|
|
28 |
| |||||
Amortization expense |
|
7 |
|
|
— |
|
|
7 |
|
|
— |
|
|
— |
| |||||
Interest expense, net |
|
42 |
|
|
— |
|
|
— |
|
|
— |
|
|
42 |
| |||||
EBITDA |
|
$ |
232 |
|
|
$ |
(73) |
|
|
$ |
— |
|
|
$ |
(3) |
|
|
$ |
308 |
|
| ||||||||||||||||||||
(1) Prior period has been recast to reflect amortization of acquired intangible assets as a non-GAAP adjustment. |
LEIDOS HOLDINGS, INC. UNAUDITED NON-GAAP FINANCIAL MEASURES (in millions, except per share amounts)
| |||||||||||||||||||||||
| |||||||||||||||||||||||
The following tables present the reconciliation of the non-GAAP operating income by reportable segment: | |||||||||||||||||||||||
| |||||||||||||||||||||||
|
|
Quarter Ended September 30, 2016 |
|
| |||||||||||||||||||
|
|
Operating income (loss) |
|
Acquisition and integration costs |
|
Amortization of intangibles |
|
Restructuring expenses |
|
Non-GAAP Operating income (loss) |
|
Non-GAAP Operating Margin | |||||||||||
National Security Solutions |
|
$ |
91 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
91 |
|
|
9.9 |
% |
Health and Infrastructure |
|
41 |
|
|
— |
|
|
1 |
|
|
— |
|
|
42 |
|
|
12.8 |
% | |||||
Information Systems & Global Solutions |
|
26 |
|
|
— |
|
|
26 |
|
|
— |
|
|
52 |
|
|
8.4 |
% | |||||
Corporate and Other |
|
(57) |
|
|
44 |
|
|
— |
|
|
5 |
|
|
(8) |
|
|
NM | ||||||
Total |
|
$ |
101 |
|
|
$ |
44 |
|
|
$ |
27 |
|
|
$ |
5 |
|
|
$ |
177 |
|
|
9.5 |
% |