|
LEIDOS HOLDINGS, INC. UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED] (in millions, except per share amounts)
| ||||||||||||||||||||||||
|
|
|
| ||||||||||||||||||||||
|
|
|
Quarter Ended July 1, 2016 | ||||||||||||||||||||||
|
|
|
As reported |
|
Acquisition and integration costs |
|
Amortization of intangibles |
|
Restructuring expenses |
|
Loss (gain) on sale of assets and businesses |
|
Non-GAAP results | ||||||||||||
|
Operating income |
|
$ |
75 |
|
|
$ |
15 |
|
|
$ |
2 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
93 |
|
|
Non-operating expense, net |
|
(15) |
|
|
— |
|
|
— |
|
|
— |
|
|
(3) |
|
|
(18) |
| ||||||
|
Income from continuing operations, before income taxes |
|
60 |
|
|
15 |
|
|
2 |
|
|
1 |
|
|
(3) |
|
|
75 |
| ||||||
|
Income tax expense1 |
|
(19) |
|
|
(6) |
|
|
(1) |
|
|
— |
|
|
1 |
|
|
(25) |
| ||||||
|
Net income |
|
$ |
41 |
|
|
$ |
9 |
|
|
$ |
1 |
|
|
$ |
1 |
|
|
$ |
(2) |
|
|
$ |
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Diluted EPS attributable to Leidos common stockholders |
|
$ |
0.55 |
|
|
$ |
0.13 |
|
|
$ |
0.01 |
|
|
$ |
0.01 |
|
|
$ |
(0.02) |
|
|
$ |
0.68 |
|
|
Diluted shares |
|
74 |
|
|
74 |
|
|
74 |
|
|
74 |
|
|
74 |
|
|
74 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
(1) Calculation uses an estimated statutory tax rate on non-GAAP tax deductible adjustments. |
|
|
|
|
|
|
|
|
| |||||||||||||||
