Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2016 Results

 

 


LEIDOS HOLDINGS, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)



Three Months Ended  


Nine Months Ended  



September 30,
 2016
 


October 2,
 2015  


September 30,
 2016
 


October 2,
 2015  

Cash flows from operations:









Net income


$

92



$

49



$

186



$

127


Income from discontinued operations








(18)


Adjustments to reconcile net income to net cash provided by operations:









Depreciation and amortization


37



11



54



35


Stock-based compensation


9



9



25



23


Asset impairment charges




4





73


Bad debt expense and other, net


1



9



(2)



8


Change in assets and liabilities, net of effects of acquisitions
  and dispositions:









Receivables


216



82



140



145


Inventory, prepaid expenses and other current assets


(117)



(12)



(124)



(22)


Accounts payable and accrued liabilities


29



57



36



71


Accrued payroll and employee benefits


(4)



(6)



(2)



(26)


Deferred income taxes and income taxes receivable/payable


(26)



68



(19)



(20)


Other long-term assets/liabilities


(11)



(2)



(10)



(18)


Total cash flows provided by operating activities of continuing operations


226



269



284



378


Cash flows from investing activities:









Payments for property, plant and equipment


(13)



(7)



(20)



(15)


Acquisition of business


25





25




Payments on accrued purchase price related to prior acquisition








(13)


Net proceeds from sale of assets




4



3



9


Proceeds from disposition of business




27



23



27


Proceeds from collections on promissory note


4





4




Other






(1)




Total cash flows provided by investing activities of
  continuing operations


16



24



34



8


Cash flows from financing activities:









Payments of long-term debt


(100)



(2)



(102)



(49)


Proceeds from debt issuance


690





690




Payments for debt issuance costs


(30)





(30)




Proceeds from issuances of stock


19



1



25



4


Repurchases of stock and other


(1)



(1)



(20)



(116)


Special cash dividend payment


(993)





(993)




Dividend payments


(48)



(23)



(94)



(71)


Other




2





3


Total cash flows used in financing activities of continuing operations


(463)



(23)



(524)



(229)


(Decrease) increase in cash and cash equivalents from continuing 
     operations


(221)



270



(206)



157


Cash flows from discontinued operations:









Cash provided by operating activities of discontinued operations








13


Cash (used in) provided by investing activities of discontinued operations






(1)



6


(Decrease) increase in cash and cash equivalents from discontinued 
      operations






(1)



19


Total (decrease) increase in cash and cash equivalents


(221)



270



(207)



176


Cash and cash equivalents at beginning of period


670



365



656



459


Cash and cash equivalents at end of period


$

449



$

635



$

449



$

635



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise