Three Months Ended September 27, 2024

As reported

Acquisition,
integration and
restructuring
costs

Amortization of
acquired
intangibles

Asset
impairment
charges

Non-GAAP
results

Operating income

$           516

$              3

$            37

$              6

$           562

Non-operating expense, net

(46)

—

—

—

(46)

Income before income taxes

470

3

37

6

516

Income tax expense⁽¹⁾

(108)

(1)

(9)

(2)

(120)

Net income

362

2

28

4

396

Less: net loss attributable to non-controlling interest

(2)

—

—

—

(2)

Net income attributable to Leidos common stockholders

$           364

$              2

$            28

$              4

$           398

Diluted EPS attributable to Leidos common stockholders⁽²⁾

$          2.68

$          0.01

$          0.21

$          0.03

$          2.93

Diluted shares

136

136

136

136

136

Three Months Ended September 27, 2024

As reported

Acquisition,
integration and
restructuring
costs

Amortization of
acquired
intangibles

Asset
impairment
charges

Non-GAAP
results

Net income

$          362

$              2

$            28

$              4

$          396

Income tax expense ⁽¹⁾

108

1

9

2

120

Income before income taxes

470

3

37

6

516

Depreciation expense

34

—

—

—

34

Amortization of intangibles

37

—

(37)

—

—

Interest expense, net

46

—

—

—

46

Adjusted EBITDA

$          587

$              3

$             —

$              6

$          596

Adjusted EBITDA margin

14.0 %

14.2 %

(1) Calculation uses an estimated statutory tax rate on non-GAAP adjustments.

(2) Earnings per share is computed independently for each of the non-GAAP adjustment presented and therefore may not sum to the total non-GAAP earnings per share due to rounding.